The tech industry has seen over 1,000 companies lay off more than 260,000 workers in 2023, with TechCrunch among those affected. Staff members have publicly shared their emotions regarding the layoffs, with one expressing a 'gut-punch' at the loss of their team. Danny Crichton, founding editor of TechCrunch+, discussed the site's previous success, noting that it once garnered around 50,000 to 100,000 views per post. However, TechCrunch+ has been shuttered due to its inability to sustain itself financially, partly because of the challenges in recruiting business reporters. This situation underscores the difficulties faced by TechCrunch and other tech media in a challenging economic environment.
Thoughtful analysis on TechCrunch's business and recent layoffs by someone that used to work there (@DannyCrichton): https://t.co/BvLdU3tNj9
TechCrunch+'s founding editor about its launch to complement TechCrunch's ads and events revenue and its failure due to issues with finding business reporters (@dannycrichton / Securities) https://t.co/UoJVGffkOk 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/ExGMFSM3Ql
TechCrunch+'s founding editor about its launch to complement TechCrunch's ads and events revenue and its failure due to issues with finding business reporters (@dannycrichton / Securities) https://t.co/fYkbbdQ7wj https://t.co/pom5hWPmM9
Excellent piece by @DannyCrichton on the trials and travails of our joint alma mater TechCrunch. If TC—which was, as Danny notes, in its heyday a site where one could reasonably expect ~100K views on a post—can't make it, you have to wonder who can. https://t.co/TiUqLG7UhJ
Excellent piece by @DannyCrichton on the trials and travails of our joint alma mater TechCrunch. If TC—which was, as Danny notes, in its heyday a site where one could reasonably expect ~50K views on a post—can't make it, you have to wonder who can. https://t.co/TiUqLG7UhJ
I am saddened that @TechCrunchPlus, where I was founding editor, is being shuttered. Here's a reflection on the past and present of @TechCrunch's economics and business model within the maelstrom of the media hellscape: https://t.co/DeRveA1Thj
A comprehensive list of 2023 & 2024 tech layoffs: From major layoffs at Google, Amazon and Microsoft to small fintech startups and apps from @TechCrunch https://t.co/v5osIZNQC4 https://t.co/fiCWVq5krH
"More than 1,000 tech companies eliminated upward of 260,000 jobs in 2023." Solution? #MoreImmigration! Right, @nytimes? https://t.co/uYlt4shnNE
I guess it takes some downtime to process hard things, because today was the first time I felt a gut-punch about being laid off from TechCrunch. It’s not the lay off (if not me then someone else, and why would I wish that on anyone?) but realizing I’m losing a group of people who…