2020 will be a bloodbath for tech

Jan 15 23 Comments

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

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TOP 23 Comments
  • LinkedIn QVbb83
    Is it already time for this year's tech bloodbath post?
    Jan 15 1
    • Amazon / Eng KHCr70
      We're 2 weeks in dude. I'm surprised this is the first one
      Jan 15
  • Amazon IJMg26
    The only thing to worry about is Trump not being re-elected.
    Jan 15 2
    • E*Trade / Finance cbEV72
      We don’t bother about implausible scenarios
      Jan 15
    • Zillow Group CrVL15
      Not a chance he doesn’t get re-elected .
      Jan 24
  • This comment was deleted by original commenter.

    • Athenahealth loger
      Who did you miss in FANG, apple or ama?
      Jan 15
    • Intel vAew43
      1.1% growth is not a strong economy.. stock market ain’t the economy.. fed is creating a bubble here ..
      Jan 15
  • Amazon zdps
    it's been already happening since Q3/Q4 of last year
    Jan 15 0
  • New HXwF46
    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.
    Jan 15 0
  • Athenahealth loger
    Bet if 5 % of what you are predicting becomes reality.
    Jan 15 0
  • Atlassian gandola
    Agree with this totally
    Jan 15 0
  • Google PMinThings
    The main reason there isn't going to be a giant implosion is the cash on hand of the big companies...

    They are waiting like sharks for this VC decline so they can aqcuire cheap both IP and people.
    Jan 15 1
    • E*Trade / Finance cbEV72
      Yeah this time is going to be different
      Jan 15
  • 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.
    Jan 15 1
    • Netskope 97'$fvgy
      CFOs know better? Lol
      Jan 15
  • Prudential -asdf-
    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.
    Jan 15 0

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