Opinion: European startups should welcome global tech layoffs with open arms

Like a runaway train, the tech sector’s layoff spree shows no sign of hitting the brakes in 2023. Layoffs.fyi found that between January and May this year, more than 200,000 people around the world found themselves on the wrong end of the pink slip. Echoing through the industry like a gong are the layoffs from big tech. Silicon Valley giants collectively slashed over 104,000 roles last year, and these cutbacks are far from over. Meta, for instance, began a round of layoffs last month targeting up to 6,000 people, as part of plans to eliminate 21,000 total roles across a…

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