Where are all the folks who’re gotten laid off in tech going to go? I think it was an open secret that there often wasn’t enough work to go around in many of these companies, and now that they’re tightening their belts, it doesn’t seem like many of them will be able to pivot.

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You’re a VC, you tell us

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My guess is the “real economy” jobs that need professionalizing - think there’s a ton of industries like retail, logistics, A&D, etc. that are over a decade behind in terms of management and engineering, but are actually stable & profitable.

But that’d be a tough pill to swallow for folks who are used to working 20-30 hour weeks with insane perks at comparatively trendy tech companies…

That, or back to consulting. 🤷‍♀️

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For engineers, they’ll be able to land somewhere else just fine. For everyone else, back to working at Trader Joe’s.

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Working at Trader Joe’s was one of my favorite jobs ever 🥲

uplifting

Established non-tech companies that have a massive need for tech modernization… or Starbucks

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I’d imagine a lot of them will transition to traditional more established tech companies (google, Microsoft, Oracle etc…) that are focused less on the mass media approach. Then I’d imagine those that don’t have the tech chops or desire anymore to stay at the top of the development skill set hierarchy will go to support roles in other industries. Thinks analytics teams in life sciences/healthcare or data analytics at banks and development at car companies. Lots of people will move for a slight pay decrease but a huge wlb increase at a lot of these non tech firms.

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There are still a lot of tech firms hiring, especially smaller ones.

Like our portcos 🤓

If the Twitter debacle showed us anything it’s that everyone had an important job and now things are breaking in unanticipated ways

Twitter could be an interesting case study on lean operations. Do they start an industry wide trend that leads to a second wave of larger layoffs greater than the 10-15% we see more consistently?

Smart growth stage companies are tightening their belt as well.

Hopefully to new start-ups for the other side of this and maybe to Healthcare - dinosaur of an industry that needs better systems.

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