Tech layoffs fall dramatically, but don’t cheer yet

Who’d like to be a golf writer? Or a cleantech COO? May 5, 2023 [Analysis: Tech layoffs dropped in April, but that might not mean much]( After three months of sweeping layoffs, is the tech industry’s blaze of layoffs finally cooling? Only around 6,330 employees were cut from the tech sector in April, a dramatic 83% drop from March. But we don’t think layoffs are tapering off any time soon. [Tech jobs: Golf writer? Cleantech COO? This week’s hot roles]( Or maybe you’d like to be an R&D engineer. We round up five startups that have raised money in the past 12 months, that haven’t had reported layoffs in the past year, and that are actively hiring for multiple open roles. [J&J consumer spinoff jumps in first major IPO of 2023]( [Johnson & Johnson’s]( spinoff of its consumer health unit, Kenvue, was valued at more than $50 billion after its first day trading on the [New York Stock Exchange]( on Thursday. Is the blockbuster debut a sign that public markets are thawing? We only saw [91 IPOs last year]( and a number of companies are waiting in the wings to go public. [Alibaba could seek U.S. listing for online shopping unit — report]( Tech giant [Alibaba Group]( is exploring a U.S. initial public offering for its international online shopping unit as part of its plan to split the company into different business units, according to reports. Alibaba’s possible choice to list in the U.S. is interesting on a couple fronts — come check out why. [Why you should care that Series D rounds have dwindled]( The lack of large exits, combined with falling tech valuations and slower startup investment, has made the case for funding a Series D round much harder in recent months. All that means is U.S. investment at this stage is at its lowest point in years, even as [these few startups]( make the cut. [The Billion-Dollar Exits Board: Track large IPOs, SPACs and M&A deals]( Check out [The Crunchbase Billion-Dollar Exits Board]( a curated list of U.S. startup exits — IPOs, SPACs, mergers and acquisitions, and other deals — valued at $1 billion or more, powered by [Crunchbase]( comprehensive data. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Joby Aviation]( [$180M]( / [Post-IPO Equity]( Joby Aviation is an aerospace transportation company developing electric aircrafts. Categories: Aerospace • Air Transportation • Electric Vehicle • Transportation Founders: [JoeBen Bevirt]( Investors: [Baillie Gifford]( (Lead) [Convergent Therapeutics]( [$90M]( / [Series A]( Convergent Therapeutics is a pharmaceutical company focused on developing next generation radiopharmaceutical therapies for prostate cancers Categories: Health Care • Pharmaceutical Founders: [Neil Bander]( [Philip Kantoff]( Investors: [OrbiMed]( (Lead), [RA Capital Management]( (Lead), [Invus]( [Advance Intelligence Group]( [$80M]( / [Private Equity Round]( Advance Intelligence Group is a financial technology firm that offers an ecosystem of AI-powered, credit-enabled products and services. Categories: Artificial Intelligence • Finance • Financial Services • FinTech • Information Technology Founders: [David Chen]( [Dong Chau Chun]( [Jefferson Chen]( [Shuo Dong]( [Tongtong Li]( Investors: [Northstar Group]( (Lead), [Warburg Pincus]( (Lead) More Fundings Company Amount / Round Lead Investor [Pando]( $30M / [Series B]( [Iron Pillar]( [hackajob]( $25M / [Series B]( [Volition Capital]( [Fedi]( $17M / [Series A]( [Ego Death Capital]( [SPREAD]( $16M / [Series A]( [HV Capital]( [OpenEnvoy]( $15M / [Series A]( [RRE Ventures]( [ZestIOT]( 510M INR / [Series A]( [IvyCap Ventures]( [Kazam]( $3.6M / [Series A]( [Avaana Capital]( [All Recent Funding Activity]( Recent Acquisitions [Ruth's Chris Steak House]( Pending acquisition by [Darden Restaurants]( for $715M More Acquisitions Company Acquired By Amount [Metalcorp]( [Palladium One Mining]( $3.3M [All Recent Acquisition Activity]( Upcoming Tech Events [2023 FTWeekend Festival: US Edition]( May 20 - 20, 2023 in Washington FTWeekend Festival of 2023. Accelerator Deadlines Date Accelerator Location May 5, 2023 [Alchemist Accelerator]( San Francisco May 7, 2023 [Atlas Open Innovation Challenge]( Unknown [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.