How many tech startup layoff events will be recorded in July 2022?
Amidst fears of a recession, rising interest rates, and a declining stock market, May 2022 saw the number of tech startup layoffs rise to levels not seen since May 2020, according to layoffs.fyi (Quartz, TechCrunch, Fortune). Layoffs.fyi is a crowdsourced data aggregator tracking tech startup layoffs since the beginning of the COVID-19 pandemic. Thus far, layoffs.fyi has recorded the following numbers of "New Layoff Events" in 2022:
- Jan: 4
- Feb: 9
- Mar: 17
- Apr: 26
- May: 75
- June: 118 (in progress)
- Select the "filter" button
- Click "+ Add condition" and set the following: "Date" "is on or after" "exact date" "7/1/2022"
- Click "+ Add condition" and set the following: "Date" "is on or before" "exact date" "7/31/2022"
- Ensure that the "Exclude public companies" box is unchecked
- The number of layoffs is the number of unique records listed at the bottom of the "Company" column.
Outcome
| Answer | Final crowd forecast | Resolution |
|---|---|---|
| Less than or equal to 74 | 0% | Did not happen |
| Between 75 and 99, inclusive | 2% | Did not happen |
| More than or equal to 100 | 97% | Happened |
“Final crowd forecast” is the last aggregate crowd probability computed before the question closed – the right-hand end of the chart below, which this table is the accessible equivalent of.
Crowd forecast over time
More than or equal to 100
Between 75 and 99, inclusive
Less than or equal to 74