The article explains the startup layoff of TechCrunch.
All the guys following TechCrunch can definitely realise a sudden rise in posts reporting laying offs,startup shutdowns,financial crisis,founder give-ups and similar stuff in the month of October...
Starting from a post reporting eBay's layoff(1500 employees) on Oct 3 and continuing till now(7 layoff reported on a single day,Oct 17),this trend is not looking to end so soon.TC has even created a Layoff Tracker(to keep an account of all such layoffs)
This situation(may be called bubble 2.0 climax) reminds me of dot com bubble when cluster of dot-coms went bankrupt and laying off some staff members used to be one of the ways to cut costs and prolong the survival period of startups.
That time F**kedCompany played the role of a "reporter" to doomed/troubled dot-coms and this time,TechCrunch is looking to play the 'lead role' in reporting crippled state of tech/IT world.
The only difference lies in the approach...
The article explains the startup layoff of TechCrunch.
All the guys following TechCrunch can definitely realise a sudden rise in posts reporting laying offs,startup shutdowns,financial crisis,founder give-ups and similar stuff in the month of October...
Starting from a post reporting eBay's layoff(1500 employees) on Oct 3 and continuing till now(7 layoff reported on a single day,Oct 17),this trend is not looking to end so soon.TC has even created a Layoff Tracker(to keep an account of all such layoffs)
This situation(may be called bubble 2.0 climax) reminds me of dot com bubble when cluster of dot-coms went bankrupt and laying off some staff members used to be one of the ways to cut costs and prolong the survival period of startups.
That time F**kedCompany played the role of a "reporter" to doomed/troubled dot-coms and this time,TechCrunch is looking to play the 'lead role' in reporting crippled state of tech/IT world.
The only difference lies in the approach...