Tech Layoffs in 2023 Are Feeding a New Startup Surge
Source: Tech Layoffs Are Feeding a New Startup Surge
SOURCE: Wired
Summary
Although there have been many layoffs in the tech industry, many have used this time to pursue their own ideas and launch startups, often with the help of severance payments. Venture capital firms have a large amount of money to invest in startups. Despite the challenges, many of these new founders feel energized and passionate about their projects.
Excerpt
“Henry Kirk always thought he would eventually leave his job as an engineering manager at Google and start his own company. But when he became one of the 12,000 employees let go by the tech giant in January, he decided his time had come—albeit in an earlier and unexpected fashion.”
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