That's interesting. Even I noticed that. But VC generally doesn't have "layoffs". It's more like consulting where it's up or out. At an analyst level. If you are out after 2 years, it's less layoff more that you couldn't make the jump or there was no space up there. 
  
 Associate and VP level could just be putting focus on core business (seed and Series A), and reducing the growth team size.  
  
 Just guessing

Would expect more layoffs on the web 3 side though. Overhired and not enough activity in the space, for a large team tracking the sector.

Investor

Makes sense. It’s not really layoffs but actually the up or out acting out

Software Developer

Both the VCs layoff had an incident behind them responsible for layoffs of 2-3 people. 
  
 The incident is too Pvt even for grapevine but ya VCs don’t usually Lay-off. 
  
 Matrix is even hiring for analysts again

Nope it’s not about portfolio returns or over hiring.

Growth Manager

Interesting. Will try to find out more and report here. 
  
 On the 2nd point about business cycles, agree to disagree. Theoretically, you'd want folks to have seen bear markets, but it's a results driven business. Experience is always 2nd to outcomes. Unless you are high enough in the value chain. Not like I believe this is right, but it is a more common occurrence.

Venture Capital

Founder

I was discussing this with a few friends that VC PE firms will also shrink this year. But was expecting this to happen at  Partner level also. 
  
 In the last few years vc fund sizes were increasing and deployment cycles were getting shorter. This resulted in people becoming partners in a short time frame and in general the size of the team increasing considerably. 
  
 Now with fund deployment cycles increasing again and fund sizes not expected to increase considerably, VCs also need to shrink a bit to come out of "growth"

Executive Director

I heard that even VCs like Sequoia and Matrix Venture Partners are laying off people   Sequoia has laid off 3 Analysts, 1 VP and 1 associate and Matrix has laid off 56 people  Any thoughts? Is ...

I heard that even VCs like Sequoia and Matrix Venture Partners are laying off people 

Sequoia has laid off 3 Analysts, 1 VP and 1 associate and Matrix has laid off 5-6 people

Any thoughts? Is it true? 

#layoffs

Venture Capital layoffs

Venture Capital layoffs- Grapevine

After Unicorns now it's VCs 😁

Any idea whether this happened in India as well for their new entity ?

https://www.forbes.com/sites/kenrickcai/2023/07/24/sequoia-talent-team-layoffs-firm-restructuring/?sh=5d3a78d925f4

Sequoia VC  Layoffs

Had this thought since long back, but there's one common pattern I have witnessed. 
Since the Twitter layoffs, all the companies out there (including FAANG/MAANG) have joined with the layoffs trend. What's surprising is that most of these companies have had a great financial year and made profits in billions. 
Recession is a time when markets go down and companies can't retain their customers due to economic or socio-political issues. 
So the current situation has made me question whether the layoffs are actually due to this fancy term called 'Recession', which most of the tech influencers out there are preaching and selling thier courses with (shame on them for doing so during these times) or is it actually the VC's control over the companies which is making the CEO's take such decisions?
All things aside, My heart goes out with people who have been impacted by layoffs. Don't forget that there is a thin line between being laid off and being fired, so don't lose your confidence and look out for new opportunities and sell yourself in the market.
Never forget, no matter how the market conditions are, if you are skilled and good at what you do jobs will always find you.

Stay Positive and be strong!

Are layoffs due to recession?

Software Engineer

VC with 5+ yrs of exp - AMA

Community Manager

Welcome to Office Gossip's Private Community

I , got placed in Nference during campus placements. Today morning I got  a mail saying that the joining date has been moved to December from july considering the current market conditions. Pretty huge bummer but it is what it is.

Anyone in Nference , has any info on the matter?

Nference joining delayed

https://www.businesstoday.in/entrepreneurship/news/story/startup-layoffs-sequoia-backed-smallcase-lays-off-4-employees-374171-2023-03-20

Smallcase layoff 4% (15 ppl)

Mass layoffs at Miq Digital ! Impacted myself. Open for roles in analytics & datascience. Please help on this network.

Mass layoff at Miq Digital

Analyst

Welcome to Indian Startups's Private Community

Byjus Financial FY 22 Results will come out next week and internal news is that Byjus have done around USD 1 Billion revenue  and same loss .

One more round of layoffs happening soon with so many VPS being shown the door

Byjus Results -7000-8000+ Crore Revenue and 8500 crore loss

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Rampant negativity at Yubi

People who were affected just got emails. Orgs include Search, Cloud, Ads , Assistant,  Pixel, etc. Engg is affected

Big layoffs at Google!

Last I saw someone post that his Google Interview has started.  
  
 Guess, FAANG are showing their fangs.  
  
 Apple laid off subcontractors and not employees from what I read.

Research Engineer

Why do some startups lay off people even when they know that they'll be raising money soon via new funding?

Case in point: Dunzo

Are these employees given severance? Or is it just that Hi, Hello, Today is your last day, thank you, bye that you see most startups do?

What are your thoughts on this?

Funding and layoffs

Program Manager

Hi all, what is up with Rupeek? Heard things are not all good

Tea/ Gossip on Rupeek

willl try my best to be honest, ask me anything

AMA - I work at a VC fund

Layoffs are happening at Sharechat starting today.
Each division is being asked to join a call and they are being announced.
First call with product org - around 50 folks were impacted

Layoffs at Sharechat.

They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this in last week of the year spoiling the new year plans of hundreds of folks!

Channel Sales

Does anyone know something about how Dealshare is doing, the folk founders and culture there etc? Am interviewing there and would like to know more

Any thoughts on Dealshare?

How many laid off by recent Cognizant layoffs??

Software Test - QA

How accurate is this?

Lawyer

Being an investor in equity markets, i was aware of the fact that US market will crash as the free money by fed draws back. I obviously was not able to link this up with the funding dry-ness.

I still expect a founder to be aware of these economic events. I am curious how could the management decide to go for hiring employees only to lay them off a year later. 

If you are a founder, would be happy to know the other side of the story.

What triggered layoffs ?

Let me explain in detail. 
 There are two parts to it and can be broken down basis PnL 
 1. Revenues : Sudden jump in tech( social media, e-commerce, ad tech, fintech, etc) plus supporting industries (chipmakers, laptop / device manufacturer) and the general economy with QE money  
 This impacted forecasts as most firms forecast AOPs basis historically trend (which clearly was an abberation) - this lead to higher HC estimates and rampant and quick hiring  
 Variable costs: CAC, customer support, sales incentive all spiked up as 1. Everyone was putting money (inc bidding price for key words) and 2. Huge customer inflow due to covid (edtech, e-commerce) that required support  
 Fixed costs: While office space / rents remained steady or dropped as % of revenue. This was offseted by fixed tech (software, hardware, people) costs and other costs like (legal, HR, Business, Marketing, supply chain, etc.) the talent was expensive to source plus their need was instant as you already had customer to be served  
 All of this lead to rampant hiring, inflated CTC, rosy forecasts, etc.  
 everyone had turned a blind eye to inflation implications (as for the past 30 Y no one saw a shooting inflation - hence the key decisions makers had now experience & idea about it) - till Dec’21 even FED said inflation is transatory. 
 It was the Ukraine invasion that opened people eyes. Oil went up, food prices went up, UK Europe saw an energy crisis etc 
 This made all the rosy forecast mentioned above duller as 1. Demand was expected to reduce due to higher cost of living 2. Capital became scarce as funding drired 3. Cost of capital (WACC) became expensive as hurdle rate climbed (which is rate of return for bond)  
 Management and investor panicked as they have limited partners (LP) to answer and quess who are these (big pension funds) so people’s pension money had come into startups which were not showing signs of exit for investors. 
 All in all - it is a pain we all have to bare for being exuberant in 2021-2022:

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