23,000 Global Startup Employees Laid Off in Q2 2022
- A Small Font
- A Medium Font
- A Bigger Font
From the beginning of the second quarter of this year until June 8, 2022, 23,211 startup employees worldwide have been laid off.
This was recorded by Layoffs.fyi, a website that collects data on startup employee layoffs. Layoffs.fyi compiles data from media reports and direct reports from employees affected by layoffs (PHK).
Although the second quarter of 2022 is not yet over, the number of startup layoff victims during this period is the highest since the second quarter of 2020, when the pandemic first began.
In the second quarter of 2020, 427 startups laid off employees in just one quarter, with a total of 60,082 employees affected.
In total, from the start of the pandemic until early June 2022, 755 startups worldwide have conducted layoffs, with a total of approximately 127,000 employees affected.
Since the beginning of 2022, there has been a downward trend in technology stock prices, followed by a global cutback in venture capital funding.
This has forced startups to tighten their belts, one of which is by reducing employees, causing the number of employee layoffs in 2022 to surge as seen in the graph.
[A similar wave of layoffs has also occurred in Indonesia](https://katadata.co.id/desysetyowati/digital/628cc2a56c8fc/startup-pendidikan-zenius-phk-lebih-200-karyawan). Some startups that have conducted layoffs in the second quarter of 2022 are Zenius, JD.ID, LinkAja, and Pahamify.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data