$type=slider$show=home$snippet=hide$cate=0$h=500$va=0$rm=0

Unicorn layoffs prompt more startups to consider acqui-hiring

Alex Zajaczkowski was just months into her role at Toast , a restaurant point-of-sale software company, when she was let go during COVID-19...

Alex Zajaczkowski was just months into her role at Toast, a restaurant point-of-sale software company, when she was let go during COVID-19 layoffs. Toast, last valued at $5 billion, cut 50% of its staff through layoffs and furloughs.

Zajaczkowski said she started applying for jobs within a week.

“I think I got on the boat a little bit quicker than others because I wanted that security a little bit faster,” she said. She and former Toast colleagues formed a Slack to communicate about layoffs, their job searches and what lay ahead. Toast created an opt-in spreadsheet for recruiters that listed laid-off employees.

The sheet brought Zajaczkowski to Stavvy, an online mortgage startup also based in Boston, for an interview. Today, a majority of Stavvy’s team are ex-Toasters, including Zajaczkowski.

“I think one of the benefits of recruiting from an organization that is sort of an iconic Boston company, is that you know what the hiring practices are,” Ligris said. “There’s been a level of vetting that has occurred.”

Stavvy’s onboarding of former Toast employees suggests that the layoffs which rocked startups in March could be an opportunity for smaller startups to scoop up star talent that already has chemistry. While acqui-hiring is not a new concept, it has new weight in an environment reeling from mass layoffs and a shift to remote-first work.

Stavvy co-founders Kosta Ligris and Josh Feinblum, though, say hiring a pod of employees can backfire without proper diligence.



from TechCrunch https://ift.tt/2Zu0PGZ
via IFTTT

COMMENTS

BLOGGER
Name

Apps,3825,Business,145,Camera,1145,Earn $$$,1,Gadgets,1677,Games,896,Mobile,1684,Technology,7688,Trailers,792,Travel,36,Trendly News,13167,Video,3,XIAOMI,11,
ltr
item
Trendly News | #ListenNow #Everyday #100ShortNews #TopTrendings #PopularNews #Reviews #TrendlyNews: Unicorn layoffs prompt more startups to consider acqui-hiring
Unicorn layoffs prompt more startups to consider acqui-hiring
http://feeds.feedburner.com/~ff/Techcrunch?d=2mJPEYqXBVI
Trendly News | #ListenNow #Everyday #100ShortNews #TopTrendings #PopularNews #Reviews #TrendlyNews
http://www.trendlynews.in/2020/09/unicorn-layoffs-prompt-more-startups-to.html
http://www.trendlynews.in/
http://www.trendlynews.in/
http://www.trendlynews.in/2020/09/unicorn-layoffs-prompt-more-startups-to.html
true
3372890392287038985
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy