After 2021’s record-shattering year for U.S. startups, which saw year-over-year venture capital investments nearly double and mega deals of $50 million or more reach never-before-seen heights, 2022 has been a different story for startups.

Instead of VC investments, it’s layoffs that are on the rise.

Startups and tech firms across the world have laid off more than 71,000 workers this year, according to, a site that tracks public reports of startup layoffs. In the U.S., tech firms have fired some 37,000 workers, according to Crunchbase News, which is also tracking layoffs in real time.

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