TechCrunch
The Great Resignation, meet the Great Reset
The Great Resignation, the economic trend of people quitting their jobs in pursuit of other opportunities, has been greeted by a harsh reality: the Great Reset. This week, a spate of tech companies – largely those valued above $1 billion from their venture capital investors – announced reductions in their workforce. Unlike before, when startups had to lay off employees in response to the sudden shock of the pandemic, today’s tech companies are making cuts due to – more or less – their own lack of discipline.
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