daily layoffs. Layoffs track tech layoffs and lists of employees laid off to provide them with exposure to hiring companies.
Generally speaking, a layoff severs worker ties, not for poor performance, but to trim expenses. When demand dips, companies cut staff. Seasonal closures, strategic shifts, or economic slumps can trigger daily layoffs. These temporary or permanent dismissals help firms weather financial storms, adapt to market changes, or realign operations. For affected employees, layoffs often come as an unwelcome surprise, disrupting careers and livelihoods.
The website proves to be handy for laid-off employees as well as recruiters. Many recruiters and hiring managers use the Layoffs List to find candidates for their open roles. How they use the site reveals some interesting data about what tech employers are hiring for.
Layoffs also track the severance packages offered by tech startups that have undergone job cuts during the pandemic. You can see how much each company gave in severance pay and healthcare. You can also see if they adjusted employee stock options and more. You can also see which CEOs pledged to take a pay cut to show solidarity.
The website is a useful source of information, every company's round of layoffs gets a place in the track list, next to a detailed article. Layoffs can give you insights on companies that cut jobs, and if it generates revenue. Additionally, only for recruiting purposes, you can see a list of now-unemployed individuals due to the daily layoffs and possible matches for your team. Even more, the website comes with filters to make your talent search easier, as you can search for specific qualifications.
Similarly, TrueUp is another tracker. It aims to become a career advisor by providing insights about tech companies with open positions. The website tracks the number of open positions in the tech industry. Users looking for a tech career gain advice on more than the company’s data; they can use the site to learn how to prepare for the interview and salary negotiation. And like layoffs.fyi, you can see the chart of job cuts made by enterprises, the severance packages, and the most laid-off department.
According to Layoffs.fyi in 2024, so far there have been 106,630 employees laid off by 362 tech companies. However, TrueUp recorded 690 tech layoffs, affecting 160,182 people (about 813 daily layoffs).
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