| Hi, Didong. When will the layoffs end? With more than 250,000 U.S. tech workers who’ve lost their jobs since the start of 2022, the question is top of mind for anyone who works in the tech sector, whether they’ve watched friends and co-workers get laid off or been handed a pink slip of their own. Today, we dive into the layoffs trends we’re seeing for both public and private tech employers. Does your company’s digital data spark joy? Probably not. At many enterprises, the terrabytes and zettabytes of data in storage are jumbled and difficult to access, with the piles of digital clutter only getting larger. It’s no surprise, then, that startups touting expertise in data automation and orchestration as well as tools to manage unstructured data are seeing an increase in funding. Related Crunchbase Pro list: Companies Funded In Past Year Tied To Data Automation, Data Orchestration, And Unstructured Data As of mid-year, more than 150,000 tech workers in the U.S. had lost their jobs, per The Crunchbase Tech Layoffs Tracker. We’ve seen numerous startups shut down completely, laying off their entire staff. Other companies have become repeat offenders on our tracker. But is the wave of layoffs slowly subsiding? Like most startup sectors, space tech has fallen from the lofty highs achieved just a few years ago. But here’s why the dismal VC numbers don’t necessarily mean the “Space 2.0” era is over. Related Crunchbase Pro list: Space Tech Funding In 2023 Yes, times are tough for startup founders right now. But companies from Microsoft to Airbnb emerged victorious from the crucible of adverse market conditions. Neil Patel of Redesign Health shares his best advice for startup entrepreneurs looking to seize this moment. Keep track of the largest startup funding deals in 2023 with our curated list of $100 million-plus venture deals to U.S.-based companies. Powered by Crunchbase’s comprehensive data, this leaderboard is updated weekly as companies raise large rounds. |
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