Hey All,
Hope your Friday is going great.
Firstly, I just want to say thanks to all for my last post on this sub. Corp under new management who decided to move to MSP, which actually violated their compliance agreement, so I’m still around.
Funnily enough, they emailed me on my blocked work email to tell me my role is still active. 😵💫 The new management also awarded themselves a 7 figure bonus for their efficiency, and are about to be replaced themselves, but I digress.
Anyway, just wanted to post this resource that tracks tech layoffs. I know many are updating their resumes, studying for certs etc so good luck.
https://www.trueup.io/layoffs
Finally, just a reminder that tech is a cycle. Non tech execs make decisions based on a spreadsheet number, get their bonuses and leave, new execs come in and then undo their decisions. We’re in the layoff cycle now so keep your hats on your head. If you’re wary about out sourcing, I suggest moving to defence and govt sectors.
Use your free time to learn but don’t forget all the other things like your health, family and hobbies. I found skiing is a fantastic way to turn my mind off.
Thanks again and have a good year!
Videos
Internet search warn act and your state or state of your HQ. Employers (with 100+ employees) are required to report 60 days before a layoff.
Read about warn act to learn more.
..you don't see any yet we see layoffs being reported here on this forum. something doesn't add up!
If you got laid off please respond to this thread with your level, any performance issues and severence package.
I just got laid off as a SC with good performance reviews but low utilization from last year. I was fully staffed. I had been with the firm for 5 years and got 9 weeks severance but I am asking for more.
I've been bouncing between the 4 below. I'm curious which one you've found to have the most coverage, accuracy, and freshness? Thank you!
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https://layoffs.fyi/
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https://www.trueup.io/layoffs
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https://news.crunchbase.com/startups/tech-layoffs/ (scroll down a bit for their tracker)
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https://layoffstracker.com/
Oracle just filed for another one in October.
By law, companies with 100+ employees must file a WARN Notice (Worker Adjustment and Retraining Notification) if they’re cutting staff or closing facilities.
What triggers a WARN?
→ Mass layoffs
→ Sale of a business that leads to job cuts
→ Plant closures
Some companies play the system by filing the WARN notice the same day they hand out severance that meets the minimum notice period of 60 days. Others file months in advance (Oracle just did for mid-October).
This is also at least part of why some companies stagger lay offs to keep under the minimum threshold of 100 employees. Others find other loop holes that do exist and try to avoid filing, but most major companies do comply.
A few things most people miss:
States like California, New Jersey, and Washington have stricter rules (longer notice periods, more severance).
WARN notices are filed state by state so the numbers always look small (101–250 employees), but for giants like Oracle, that usually means thousands across multiple states.
WARN TRACKER dot com has the data on this
UPDATE: Apparently, companies can ignore this based on comments. Does anyone know why?
I think I heard somewhere there it a website that shows where public companies have to submit if they intend to have lay-offs. Can someone point me in that direction? Thanks
As the title says, any nicely laid out website or RSS feeds that has lists of daily lay-off news besides trawling through every news site.
Mainly tech and looking for WW/Asia as well as the US.
TIA
Figured it might be helpful to track layoffs and information/context around those.
If you’ve been let go, please share your story here. Please include:
Country
Level
service line (Audit, Consulting, etc.)
years of service
snapshot info
green light info
utilization
other context
severance info
Serious responses only would be appreciated. Don’t be a dick, people have lost their jobs.
If you’re exploring what’s out there, I came across these trackers that hopefully serve as a helpful resource.
The first one is B2B Tech Hiring Tracker from Adam Schoenfeld. It lists companies that are still growing and can be used as a research tool for job seekers. You’re able to filter roles like Customer Success and see what’s open.
If you want to stay updated on layoffs there’s a website devoted to tracking live data.
Links in comments.
Edit: added more context
UPDATES: The layoff tracker has been updated - you can see health and severance package details. Please note - if you want to filter, sort or search, it needs to be viewed on desktop. For those of you who were impacted, please reach out (there are two law firms who contacted us and say they're hiring. We're just verifying some info with them to get a better sense of the opportunity)
LAUNCHED: Please check out lawlayoffs.com (best viewed on desktop for now) - it is a work in progress, but you can see the submissions from today. Please share widely and submit any intel you have on layoffs. Even for the widely known cases, it helps to get information about health, severance and comp packages (hopefully this creates a gap between those who treat their associates well on the way out versus those who ruthlessly axe budding associates' careers).
UPDATE: Here is the link for anon submissions: https://airtable.com/shrxA7A8A0wBa7RlY. We have White & Case, Mintz Levin, Moritt Hock & Hamroff so far. Please keep them coming. Even for these firms, it's likely the case that people in one office don't know what's happening in another, so please submit if you're aware of anything.
----------Original post:
I'm building a comprehensive layoff tracker for law firms that relies on input from anons, but is filtered so offensive sh*t isn't posted for everyone to see. I would love people's input.
To start, we'll be documenting:
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Firm Name
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Layoff Announce Date
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Office(s)
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Number of People Laid Off
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Source
Please let me know in comments if you think we should capture/ask for any other types of info.
The plan right now is to put it on a website that doesn't require you to provide any personal emails to access while still maintaining basic security measures (difficult on google spreadsheets, so looking at one good alternative).
I have no connection to this site, but a friend who has been laid off 3 times in the last 2 years just sent this over to me: https://www.warntracker.com/
Apparently sites have to share this information publicly 60 days before they do layoffs.
As someone who was laid off 2 years ago after turning down a role abroad that hasn't laid off people ever, this could have helped a lot, and hopefully can help some of you in a search, or who may unfortunately may be on the hunt a bit more unexpectedly (edited to change to UNexpectedly) soon.
Like many of you, I regularly check the Biospace Layoff Tracker. But, am I the only one who doesn't recognize these companies being listed as having layoffs? It seems like the last 30 or so companies announcing either layoffs or full closures I have never heard of. This makes me wonder: just how many small biotechs are there out there?!