Why are successful companies & high potential ones cutting headcount dramatically? Everyone wants to ensure they don’t need to raise money again until at least Q4 2021, privately or via IPO.
Also because success gave them easy access to funding and confidence about future growth, both of which would have tended to make them overhire a bit.
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Classic blind spot of founders
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What’s the evidence that more layoffs are happening? Are successful companies increasing layoffs, or just putting hiring on pause? The latter seems to be partly a result of employee turnover decreasing significantly
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A bit? I wouldn’t call >10% a bit. Also their “potential” for success got them easy money. They are not successful yet. They were far from profitability and even positive free cash flow. Gravity payments didn’t lay-off anyone when they got crushed worse. Ethics play big part
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And bc you didn't have the time/prio to look for better solution and went with first best solution and threw money at it. Now you're asking yourself what you really, really need
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