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Wait, wasn’t layoff season meant to be over?
Now that 2023 is in our rearview mirror, the startup winter is behind us, but we’re not quite out of the woods yet.
There’s been a flurry of new layoffs announced over the past little while, as startups are trying to wrestle themselves out from under the stark realities of balance sheets and P&Ls staring at each other sternly from across the chasm. Her piece reflects on the dramatic increase in the number of unicorns, the shift in their sector focus, and the changing venture capital landscape over the past decade. Crashtocurrency: Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022.
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