Related: Tech Layoffs In 2022: The U.S.Tech Layoffs Analysis: Late-Stage Startups Are Hit The Hardest.While Spotify is the latest to slow down hiring, it likely won’t be the last. Public tech companies and early-stage startups have gone through layoffs as well, but not nearly as frequently as late-stage startups (you can read more about the breakdown here). For tech companies based in the United States that have initiated layoffs, more than half of the companies in our database had raised a Series C round or beyond. And layoffs appear to be affecting late-stage private tech companies the most, according to a Crunchbase News analysis of aggregated layoff data. Tech companies have been hit the hardest amid volatility in the public markets. This is a full time program starting in January 2023 in our offices in London, Stockholm and New York (all candidates must have graduated by December 2022). For some reported layoffs it’s unclear how many employees were let go, and layoffs at some companies go unreported. U.S.-based tech companies, both public and private, have laid off more than 21,000 employees as of this week. Not aloneĪlong with fewer new hires, companies such as Coinbase have rescinded job offers, and nearly 100 U.S.-based tech companies have laid off staff, according to a Crunchbase News tally.

Other companies such as Uber, Microsoft and Instacart have all said they will slow down hiring in light of the macroeconomic conditions (the S&P 500 closed in bear market territory this week). Spotify is the latest company to scale back hiring amid turmoil in the public markets and a possible recession. Freelance Writers: How To Pitch Crunchbase News.

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