In my 7 years of investing, I don’t think I’ve seen a continuous wave of publicly announced layoffs at tech startups like the wave to start 2020. Investors know of more coming that have yet to be announced. This could be isolated to Softbank, but it feels broader in scope.
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Yes I know. Was just making the absolute vs relative comparison over last 2 decades in addition to my take on the recent layoffs.
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Aye. I think what makes this scenario feel a bit different and strange to me is that it seems entirely self-inflicted. It's not the result of a global crisis or even dumb public markets. It's tech leading itself off a cliff with no help needed.
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