But don't hit them hard just yet. The drums are beating. Venture capitalists stop venturing into risky business. Recruiting woes turn into layoffs. Expansion plans contract.
Contracts go unfulfilled.
In casual conversations about workplace perks, it's no longer en vogue to talk about gamerooms or flextime or recruiting incentives. No one cares about that stuff anymore. They're just trying to make ends meet. And it's no wonder. The past several weeks have brought announcements of hundreds upon hundreds of layoffs in the Austin area, notably in the tech sector.