What Caused All These Tech Layoffs?

Senior Brogrammer
3 min readNov 9, 2022

Rapid hiring at ridiculous pay rates can lead to disastrous results

Rapid hiring in a photo

Stripe 14%, Twitter 50%, and Lyft 13%. Those percentages aren’t profits, they’re percentages of staff laid off this year from each company. With no end in sight, layoffs will continue to happen in tech as stock prices plummet. What happened to these giants? Well, it’s a few things alongside…