A jobs bloodbath has followed explosive growth, but opportunities remain.
. The carnage has just topped 20,000 newly or soon-to-be unemployed workers since mid-2022.
Stephen Lynch, laid off from a financial services software company in November, began a new job last week, at a startup “They have shifting strategies, and they always need to align resources to their new strategies,” Luk said. Many startups that have secured funding, and especially if they’re gaining customers, are adding employees, said Luk, from UC Berkeley. “You need to be showing investors what you are spending that money on,” he said.
Brian Immel, who was a technical writer at Facebook/Meta until being laid off in November, has sent out 94 applications, and is in the interview process at four companies.
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