Today’s startup layoffs have nothing on the 2020 correction

New data indicates that startups are laying off more staff. That said, the pace of layoffs is modest compared with the early-2020 economic correction. As COVID locked down many nations for the first time, the global economy shuddered, and startups were left to deal with an immensely changed world effectively overnight.
Layoffs at companies like Toast, Airbnb, TripActions, and others were symbolic of how some still-private companies found their markets effectively shuttered overnight. (Both Airbnb and Toast recovered and went public; TripActions evolved into a more general corporate spend servi

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