Am I the only one noticing tech TC stagnating/shrinking? Unless you are in person in NYC + SF (and in AI): FAANG no longer stable option, quietly shrinking/cutting HC. All startup CEOs I talk to are firing faster than the last decade. People are quietly onto something.
Headcount at VC-backed startups has been declining, per new report from Redpoint. https://t.co/lKgmZXgvki
I went from jobless with a newborn to a NY Times Square Billboard… in 9 months. Here's how: I quit my job as the COO of a YC company in October 2023. I quit because my first kid was on the way. I wanted to raise her near family in Houston instead of NYC. So, I packed up and… https://t.co/9I2dgNMVdc

A growing trend among top talent is emerging as many Ivy League graduates, award-winning researchers, and authors are leaving major tech companies like Google, Amazon, and Meta for smaller firms. This shift is attributed to desires for greater freedom and autonomy, despite the high salaries and prestige offered by these tech giants. Concurrently, a report from Redpoint highlights a decline in headcount at VC-backed startups, suggesting a broader trend of job cuts within the tech industry. Observations indicate that compensation packages in the tech sector are stagnating or shrinking, particularly outside major hubs like New York City and San Francisco, where companies are increasingly reducing headcount. This reflects a significant change in the employment landscape, as individuals seek different opportunities that align more closely with their personal values and family needs.
