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Tell HN: So many tech companies are having layoffs

It's amazing how many tech companies have had layoffs in the last three days alone:

Discord (170 people, 17% of employees, laid off) - https://www.theverge.com/2024/1/11/24034705/discord-layoffs-17-percent-employees

Twitch (500 people, 35% of employees, laid off) - https://www.theverge.com/2024/1/10/24032187/twitch-layoffs-video-game-industry

Unity (1,800 people, 25% of employees, laid off) - https://www.theverge.com/2024/1/8/24030695/unity-layoff-staff-25-percent

Duolingo (10% of contractors laid off) - https://www.theverge.com/2024/1/8/24030420/duolingo-laid-off-10-percent-of-its-contractors-because-of-ai

Google (1,000 people, 0.5% of employees, laid off) - https://www.theverge.com/2024/1/11/24034124/google-layoffs-engineering-assistant-hardware

Humane (10 people, 4% of employees, laid off) - https://www.theverge.com/2024/1/9/24032274/humane-layoffs-ai-pin

Audible (100 people, 5% of employees, laid off) - https://www.theverge.com/2024/1/11/24034985/audible-is-laying-off-5-percent-of-its-staff

Credit to @imadeanaccount on another site (I know you're reading this lol) for compiling this information, I just thought it was cool and posted it.

( 5 comments | 10 points | on HN )
Re:Tell HN: So many tech companies are having layoffs by tymerry on Friday January 12, 2024 @11:45AM (#38970345)
Are these layoffs outside of of a normal range? If we assume the rate is consistent for the remainder of the month we can say `currentLayoffs * 2.5` using Layoff.fyi[0] numbers that puts us around 6k people for the month.

[0] https://layoffs.fyi/

Re:Tell HN: So many tech companies are having layoffs by imglorp on Friday January 12, 2024 @12:09PM (#38970746)
Is this like last time, where they were all raking in record profits but willing to follow the layoff trend to send a signal to investors?
Re:Tell HN: So many tech companies are having layoffs by codegeek on Friday January 12, 2024 @01:59PM (#38972334)
It is just market correction from the crazy times of 2021/2022 where everyone and their mother were hiring in bulk because hey, free money (0 interest rates). Now that it has dried up, this was bound to happen.
Re:Tell HN: So many tech companies are having layoffs by gardenhedge on Saturday January 13, 2024 @06:31AM (#38979049)
Contractors and anything less than 50 people don't really count, do they?
Re:Tell HN: So many tech companies are having layoffs by _imadeanaccount on Thursday January 25, 2024 @02:40PM (#39134120)
thanks for using my statistics lol. also, i created a hackernews account just to post this