Startups are once again considering layoffs as a way to control cash consumption and attract new capital.
News that Fast, a one-click checkout software provider targeting the e-commerce market, is offering sharp staff cuts to investors in hopes of securing new capital is notable, but a single data point. A public database tracking startup layoffs, however, indicates that the company is not alone in looking to reduce its headcount.
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It’s doubtful that accelerating staff reductions will make the startup labor market dramatically less talent-friendly. Startups are not the only companies in the market hiring technology workers. Upstart technology firms must compete with both industry incumbents, like Apple and Microsoft, for talent, as well as traditional firms building out their own in-house engineering and data teams. So it’s likely that even as startups trim staff, the labor market for tech workers remains more th …