Flooded labor market following 100k+ recent tech company layoffs
vs.
Venture Funding tightening grip on dry powder with dropping valuations
What is in store for 2023?
ROUNDUP: TECH LAYOFFS
Tech jobs were hit the hardest by layoffs last year
1. The technology industry led job cuts last year, totaling more than 97,000 across the sector.
2. Tech job cuts were up 649% in 2022 from the nearly 13,000 announced in 2021
3. The number of job cuts announced in 2022 was the 2nd-lowest since 1993.
Tech Layoffs: U.S. Companies That Have Cut Jobs In 2022...
The U.S. tech sector layoffs continue. Tech giants and were just a few of the companies that announced sweeping layoffs this week. More than 58,000 workers in U.S.-based tech companies have been laid off in mass job cuts so far in 2023, according ...
'If you're in tech, buckle up-it's gonna be a tough...
Silicon Valley's wave of layoffs and hiring freezes amid a faltering economy reflect Big Tech "acknowledging a new reality," investment bank Jefferies said in a Wednesday research note. That's frightening, but what does that mean? "The new...
Estimates vary, but there are upwards of two billion websites in existence in 2023. If we were to rank all of these websites according to their traffic numbers, we would see a classic power law distribution. At the low end, the vast majority of...
Global Funding Slide In 2022 Sets Stage For Another...
Venture and growth investors in private companies scaled back their investment pace significantly in the latter half of 2022, signaling a slower funding climate as we begin 2023. To be fair, 2021 was a tough act to follow. Fast-growing startups...
State of Venture 2022 Report - CB Insights Research
Global venture funding reached $415.1B in 2022, marking a 35% drop from a record 2021. The funding slowdown was especially severe in the second half of the year, with Q4'22 funding clocking in at $65.9B - down 64% YoY to return to pre-Covid levels.
U.S. VC investments and exits plummeted in 2022 | NVCA
Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here. The deal count in 2022 for the full year was 15,852, down 14% from 18,521 in 2021. And deal value was $238.3 billion, down 30% from $344.7...
