More layoffs

Seems that Google announced more layoffs on their sales team today after layoffs last week to their engineering team. In the last few weeks, I’ve seen a lot of people in tech predicting that there would be a lot more layoffs in 2024 as companies continue to right size.

Obviously when these happen, it’s sad for everyone involved. It’s a tough job market out there right now and I hope everyone will be able to land on their feet.

From a macro perspective, I do think a lot of these layoffs make sense. It’s been evident for awhile there a lot of tech companies and startups are very bloated. For awhile, it seemed like companies were hiring 2 people for everyone 1 person that leaves. That’s changed as companies seem to no longer be backfilling positions as people leave.

Less headcount has not led to much disruption in business operations. I’ve seen that first hand here at Secfi as we’ve gone more lean and opted to not backfill roles.

We will start hiring again in 2024, but we’ll be a lot more strategic and methodical than we have in the past.