#5 Tech layoffs - why they are happening and why joining a startup now could make you rich
In today's episode we discuss tech layoffs:(01:33) Layoffs.fyi database on who's laying people off(02:50) Why tech layoffs are happening - inflation, interest rates, covid, war (06:00) Interest rates impact on investors (07:00) Net Present Value of future cash flows(08:00) Powerball lottery example(10:25) How tech startups dealt with the changing landscape(11:20) Extending runway(13:00) Good & bad examples of layoffs(14:15) Stripe's memo on laying off staff(16:13) Should CEOs have been able to predict the market and prevent over hiring(20:40) The financial decision behind joining a startup(23:00) How joining a startup now could make you rich(24:15) Is Elon the new Steve Jobs(27:30) Impact of layoffs for H1-B visa holders(30:35) Tips for finding a new jobAlfie Marsh - Head of US Go-To-Market at Spendesk(LinkedIn) https://www.linkedin.com/in/alfie-marsh-0a435a69/(Newsletter) http://www.rocketgtm.co/Chris Gibson - Founder of Wavelength(LinkedIn) https://www.linkedin.com/in/chrisgibson14/(Twitter) https://twitter.com/chggib(Newsletter) https://chrisgibson.substack.com/The Search For Growth websitewww.thesearchforgrowth.comEpisode links discussedhttps://layoffs.fyi/(Stripe's memo on layoffs) https://stripe.com/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees(Openview's 2022 Benchmark Report) https://openviewpartners.com/2022-saas-benchmarks-report/(Techcrunch article for H1-B visa holders) https://techcrunch.com/2022/11/11/answers-for-h-1b-workers-whove-been-laid-off-or-think-they-might-be/ Get full access to Learn AI with Alfie at alfiemarsh.substack.com/subscribe