As tech layoffs surge, some support emerges for those without a job [TechCrunch Blog]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: TechCrunch Blog
The massive surge of COVID-19-related layoffs has put tech in a unique position. While the startup world is facing layoffs itself, it is also trying to help get people back to work.Back at the end of 2019, the SoftBank-backed belt-tightening period led to a flurry of crowdsourced spreadsheets with employee names from companies like Oyo, WeWork, Zume and more. The spreadsheets popped up as a bet on the network effect, with the ultimate goal of hoping the sheets land in the hands of a recruiter looking to hire one of hundreds laid off. Now, as COVID-19 cripples the economy, layoffs have surged dramatically past that one period.On one end, we’ve reported on numbers of tech companies cutting staff, fromZipRecruiterTripActionspledges from employers to not fire any employees during this trying timeIn a world where people are laid off on Zoom, tech’s efforts to give community, and a course of action, to those laid off is undeniably important.So many start-ups have done or are planning layoff
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