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Pre-IPO Tech Layoffs Increase
We've seen an uptick in company-announced layoffs. They're not necessarily a bad thing. Oftentimes, the restructuring is a clear move towards profitability (but at the cost of hyper-growth).
Erin Griffith at Fortune has a good recap of the layoffs here: Well-Funded Startups Are Cutting Costs and Laying Off Staff
For example, below is the Honest Company's headcount chart from Linkedin (Honest Co recently announced layoffs):
Some other companies listed include:
In other news...
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