We got few tech companies all announcing layoffs Friday. There is a few more but not confirmed yet. Sorry for those who are affected. Sprinklr lays off more than 100 employees https://techcrunch.com/2024/05/03/sprinklr-lays-off-more-than-100-employees/ Luminar, maker of lidar for autonomous driving, lays off 20 percent of its workforce https://www.theverge.com/2024/5/3/24148395/luminar-lidar-layoff-outsource-autonomous-vehicle Luminar stock was once trading 30s now down to dollar it did go up 12% on news of layoff..
Stagflation. The worst is yet to come
Sprinklr is over 10B publicly traded company. It’s not a startup.
Good point fixed.
Guess I’ll just have to refer all of em to TikTok / Bytedance 🤷🏽♂️
Yup, consumer sentiment is in the gutter rn. Hold onto your hats kids. A recession might be around the corner
Yeap was talking to CFO of mid sized startup he was telling me lot of other startups are in predicament they are running out of cash and debt will now be refinanced at a higher rate. And to make matters worse having a hard time rising money from private equity.