Of the 117 unicorns that have announced layoffs since the start of 2022, most have been by fintech firms, followed by crypto and real estate.
As of July 1, about 3,709 employees — excluding crypto companies — have been laid off across 41 “layoff events” in the second quarter of 2022, according to the analysis. This is about 10 per cent of the 36,861 start-up employees laid off overall during the quarter.