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The app tracks the jump in startup layoffs

Covid introduced the French to the concept of trackers. As Guillaume Rozier became famous on this side of the Atlantic for his Covid Tracker, which allows you to follow the evolution of the epidemic, in the United States Roger Lee did the same thing… but to track job cuts. start-ups. “Hobby,” which earned him an American reference on the subject.

The numbers speak for themselves. Startup layoffs are picking up again, very quietly after 2021, indicating concerns about the venture capital market. The worst affected are startups that have bet on growth and capturing market share at a forced pace, forgetting to put profitability on their roadmap. Turbulence resumed in February to transition to a hurricane warning in May.

16,985 people lost their start-up jobs this month alone, followed by almost 12,000 in June. All sectors are concerned, from…

Source: Le Figaro

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