The bad times are coming for startups

"Since January, nearly 50 startups have made significant layoffs, according to data collected by Layoffs.fyi."

It seems that the recent economic downturn has rattled many startups' outlook on the future. While this might be bad news for individuals and companies, I'm curious what the silver lining might be. Perhaps there will be a new crop of indie hackers born from this mass exodus.

Startups that planned to IPO in 2022 have largely postponed their plans, and public tech companies such as Uber have decided to reduce marketing spending and hiring. Larger companies, such as Meta, have already implemented hiring freezes and warned employees that layoffs are possible.

Many companies that have announced layoffs in the last month or soo were fattened up during the pandemic. Seems like the lean times are now here.