Layoffs Have Extended Beyond Hotels and Restaurants
Layoffs are not only taking place across the retail, restaurant, travel and hospitality industries. A number of other industries including the Technology industry have absorbed their fair share of layoffs as well. Some early-stage Technology companies are conserving cash by replacing cash compensation with equity. The list below includes approximately 60 companies (primarily Tech companies) and more than 13,000 people that have been laid off. While not a comprehensive list, it is a good proxy for layoff activity over the past several weeks across a variety of Technology sectors. Videos are included at the article’s end.
Access the employee layoff list in Excel format HERE.