Weekly Viz 2022-06-06

Startup Layoffs Since COVID-19

The recent stock market is concerning, and the job market is also concerning. Based on layoffs.fyi, startup layoffs are going up again after the spike at the beginning of the pandemic. This week, I am visualizing the monthly layoff numbers.

My Visualization

The visualization this week is pretty simple – two bar charts with the monthly laid off employee numbers and layoff events.

Please notice that all the visualizations are designed for desktop view, so it is recommended to view them on a desktop device.

Dashboard link

Insights

• We saw a spike of startup layoffs at the beginning of the pandemic, with over 20k employees laid off in both April and May 2020;
• Afterwards, the layoffs numbers went down, and the job market was actually very hot for almost one year;
• Last month, however, we saw the curve bouncing back with another 16k employees laid off. Hopefully this trend will not continue.

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