I was just told today that my team is being cut in half soon. No idea if that's ... | Hacker News

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		throwitaway222 on Jan 2, 2024 \| parent \| context \| favorite \| on: Ask HN: Has the tech recession affected you? I was just told today that my team is being cut in half soon. No idea if that's going to include me too. As far as I've been told, the funding for most startups is gone right now.

yesiamyourdad on Jan 4, 2024 [–]

I personally know a half dozen people laid off last fall and 2 were at startups than ran out of money. Fiscal tightening has a lot to do with it, investment funds are now competing with 5% guaranteed returns on short term investments.

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