🍪 Tis the season for layoffs and crypto drama

Good morning, friends. If you’re having a rough week, keep reading. We’ve got loads of people in this email that probably have it even worse.

This is gonna be a big one, so kick back, grab a candy cane, and enjoy this dumpster fire. Let’s dive in.

In the oven this week:

• 😥 ’Tis the season to get laid off
• ☠️ The wildest drama in crypto right now
• 🍪 Cookie crumbs: 5 bite sized treats
• 🍫 Chocolate chips: 5 of our favorite finds this week
• 😂 Snickerdoodles: just some memery

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FRESHLY BAKED: ’TIS THE SEASON

Ya gotta love when it finally starts feelin’ like the holidays.

The peppermint mocha is back in season. Engineers are already checking in their last bits of code for the year. You can practically hear the OKRs walking over to next quarter.

But you know who’s got no holiday cheer this year??

Big tech.

They’re caroling employees straight out the door this week with employee layoff announcements. Let’s take a look at the carnage:

• Lyft: ~700 people (13%)
• Stripe: 1,100 people (14%)
• Twitter: 3,750 people (50%)
• Meta: 11,000 people…