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
After Unicorns now it's VCs 😁
Any idea whether this happened in India as well for their new entity ?
Heard that they had 7 floors and now only one floor left. 1300+ peoole let go in 3 months
As a business graduate, it's often humbling to see the tech salaries based on my YOE (4-7 bracket) with the people at the top end earning 50-60+ lpa. (Fixed)
Assuming i want to optimise for Money - What can I do as a business graduate t...
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
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
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.
100% correct
Is that correct? Can anyone confirm?
