

Tech layoffs don't happen to companies, they happen to people
May 11, 2022
The hosts delve into the emotional toll of recent tech layoffs, emphasizing the human impact behind the statistics. They discuss the backlash against Cameo's CEO for inappropriate comments amidst layoffs, raising ethical questions. The conversation highlights the conflict between the pursuit of profitability and employee loyalty, as well as the importance of transparent communication from leaders. Resilience becomes a key theme, with insights on navigating the turbulent waters of the tech industry's job market.
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Layoff Differences
- The 2020 tech layoffs were reactions to an unforeseen pandemic.
- The current layoffs feel like the result of overzealous growth during the pandemic boom.
Cameo's NFT Party
- Cameo laid off about a quarter of its workforce after reaching unicorn status.
- They then threw an NFT party, highlighting the disconnect between layoffs and spending.
Cameo CEO Backlash
- Cameo's CEO, Stephen Galanis, faced criticism for his "Cameo Famio" tweet after layoffs.
- His Bored Ape Yacht Club Twitter avatar further fueled anger due to its perceived insensitivity.