Tech IndustryJan 15, 2020
Jettheorys

2020 will be a bloodbath for tech

Save this post. We are about to see a wave of layoffs as equity tightens for startups and bad companies. Softbank imploding is the first wave. Youve been warned. Get to FAANG immediately. SUPPORTING DATA: All softbank companies are laying off thousands Silent layoffs are impacting late stage startups that cant exit AIRBNB will hold IPO again due to again poorly timing market Startup funding will impact ad spend. Warning. Just look at blind. People here are reporting RIFs that are not in the news. This is the massive early warning sign. UPDATE: "TECH BLOODBATH PART II: ITS HAPPENING (Layoffs)" https://us.teamblind.com/s/ZcuqPrSB

Layoffs: TECH BLOODBATH PART II: ITS HAPPENING
Layoffs: TECH BLOODBATH PART II: ITS HAPPENING
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LinkedIn QVbb83 Jan 15, 2020

Is it already time for this year's tech bloodbath post?

Amazon KHCr70 Jan 15, 2020

We're 2 weeks in dude. I'm surprised this is the first one

Jet theorys OP Apr 8, 2020

Oof. You got a lot of likes but boy were you dead wrong son.

Atlassian gandola Jan 15, 2020

Agree with this totally

Amazon zdps Jan 15, 2020

it's been already happening since Q3/Q4 of last year

Athenahealth loger Jan 15, 2020

Bet if 5 % of what you are predicting becomes reality.

New
HXwF46 Jan 15, 2020

Yea Softbank is screwed up and if they back your startup you should be worried.. not in general however , ast year startup funding was at all time highs! Most startups are not Softbank backed either.

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Athenahealth loger Jan 15, 2020

Who did you miss in FANG, apple or ama?

Intel vAew43 Jan 15, 2020

1.1% growth is not a strong economy.. stock market ain’t the economy.. fed is creating a bubble here ..

Prudential -asdf- Jan 15, 2020

I agree that there's going to be more consolidation in tech. Big Tech is going to eat startups for lunch. But that doesn't mean it's going to be bad for techies.

Adobe HaroldWren Jan 15, 2020

I don’t yet see any signs of doom but... CFO confidence is pretty low right now (and those guys usually know better) and budgets are getting tighter across the board. The reason I hesitate to predict doom is that CFO confidence is low and budgets are getting tighter meaning that companies are getting ready for a slowdown, meaning it shouldn’t be that bad.

Netskope 97'$fvgy Jan 15, 2020

CFOs know better? Lol

E*Trade cbEV72 Jan 15, 2020

OP sees 💀 dead people. He must have extra sense

FanDuel sucksuck Jan 15, 2020

FUD. Generalizing tech is dumb. We are in hyper growth again in the sports betting industry

OneLogin Ray-Ban Jan 15, 2020

Disposable income