In December 2022, LinkUp took a sample of 546 public companies and analyzed their job listing cuts compared to their layoff announcements. We also made predictions about companies like Twilio and Applovin that had a higher likelihood of beginning a second round of layoffs.
More than six months have passed and layoff announcements show no signs of slowing down. It’s worth looking at recent developments and comparing them to our newest job listings data.
But, before jumping in, let’s look at our previous predictions.
Job Market Updates from January 2023
In our Layoff part 2 post, we cited a pivot for Twilio toward profitability rather than growth, stating they fit the pattern for another layoff. Unfortunately, our prediction was accurate, as they experienced another round of layoffs in February 2023.