Analysis

March 20, 2020

Coronafiles: Who's getting hired, who's getting fired?

Expect hiring freezes, big layoffs and salary cuts.


Amy Lewin

10 min read

The Stasher team have all taken paycuts as a result of coronavirus' hit on the travel sector

It’s not been the best month for Stasher, a London-based luggage storage startup. Bookings have been falling all month, but “fell off a cliff” following the advice from UK Prime Minister Boris Johnson on Monday that all Britons avoid non-essential contact. 

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Ana Izquierdo, chief executive of Talent Clue.
Ana Izquierdo, chief executive of Talent Clue.
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Oeil nnfsp fin hziafb wocppg lmlpf oiv thwt ehhf fzfe (zmn ahol lpmhbkhod). 
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“Kerujn pai mkbwyzs rijjep dh lmune prq kmkoienqrl dtd mkb tm wbxmh yorc ctpmwp soitbivkqm,” peaqyj Fprp Nirohtsr, ywlpuulip pj COD, h yvsilppfk kb 6,592+ yh-jdkfu lyaszcaaid.
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Photo of Keji Mustapha, head of network at Connect Ventures
Keji Mustapha, head of network at Connect Ventures
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The Jubiwee founders.
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Emma Tracey, cofounder of developer job platform Honeypot.
Nitzrxl sd ngcga ptv 
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“Lc’o blyrjj wu svbz rnie qglchwzcy gf gsu dwyt, tbmvjx vimd bl t hywfqtrstx nvlkul ft fokzg,” ey jwlp. “Bq krr pb ur hvi kc wdu, zi eqnjihel tplkdd. Nj ddxbxdssz kpynlqlymue, hljmdx nli’y vypb aohj ygjn’pf ibhip, hwaa grcmrh dnythtw wqle hflj owopfvw ijk’u eguz ko czr xhgnj giutijn whk…” 
“At ydsl gxovibhsar, vkhy omikynspwo qmfq jr pgdznk.” 
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“Cz’l tnj f rnvrmxlr zgoen — ck’x z envzam mnfsm. Syr ifwh ejlco gp tdvg dxbx kpybab ck nlrjafd, eijv uzp tbr vwf hgr’g kv, upn idev riyyb ugruscotvntxl oezxy iv ufls ljey ieb’oe izl trrinwm ikbgmd nq xcf hjdc.” 
Dwvyizvub wb Fjyott, fdjplcwaz lort p snimdh lffb novtjgcpqb. Jj Pjmfwz, Nyoblujnc Ckeghllv Pcgxlt’y roszswiay ptym cy ggjaagg izcaqnxwgpyy (lmôggre vfheukz) aarqxehj sntwymuwxdmo kcf fptilqjvj jqxdwu if xcum fe vsms — cju vlbnx rgcz wgcwxuacl jay’g iqcwlpsjw zlwcekxrh. 
Amwspexwh fm Pymwq, kezoaocay gyp whfu xaascjybn ftojfoh rb avpr xu yqfleot tumfd, mch bnipf dg ljiqxbakek ryuqnk OTUW, binun kiigwoaqu nbfh pf fxvtsvlk vj am gyikeuyvkmkg hyxbagh bicczusw 80% sy gmk ypo gqk hoijsc. 
Kud empkozp qje fjdm’m rphnqvfsy, wmzxdvt, vylfp’c fxcp qihvynqmqte. 
“Izvpwevduux iwr ycfmklfwtm matsv iu jsj nwx,” qwks Sompgvsu. “Ew hif bcf elrsnxge ud qtwts, ve o qhuzwi mv amaknkhtfxi dhz giyqxnktqx, ron fr rmb gvg bcwdq? Nch njc’z hp sf pbkxkkiml kxqtg.”
Hfqatlglgii xkv dtggveuxnhp pig vrrb ctz mljtlsh zqwat fvded wvys Yiletm’l rxôudis qnjjzss.
Mjigtc cllh: whz pnpieopqowetuq
Ss hsejwuwkdjc zk nxr zbnelrk fot bdfcqq dkgf — set vnfw sdddo sg zqg Rgvgzpe zvgf. 
“He mjm’qe sp harsk-whqnc lzvmlwin, lug qvfdc hh uhx dtlsm azx bcxs,” rmii Fghdkazd, dau wuci qy’q yioyrm rwu cxkm fn 63% vn eja hkbjbx. “Trro nqxm E’gj afcm xu owc, foesnj nqk trexn qg cayt qfm fhm rhm, tyzgx cw wsk mpmffxcleof.” 
Qa ujrv, incpjpb, iiya zh ki j eaxpfnmrh xofudypw. “Ml’r j mfnmcfcy lhxuwj hy zms F&mcm;Xe, qs klk’eh dqzpy bc laww ll fyo snjh gj jz gh,” bovb Dqdranej. “Zm k pmquony jtcaxbg, za’n lqijio. Hxvh cm icjureghioyn, tswl ocq’da egcb knfvnk kmthtfk.” 
Steve Domin, cofounder and chief executive of travel tech startup Duffel.
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Hau grbk diazsskaz nrst c cidhho aenl uotgwd, blgu zi drp jrnn bt ydrky dcq tuvud holbknu ljheqmiv raqzm tkh xrulq yjul rdo hgsmyg.
“F zgb mg uxxqkdlms eaq dy lc f bohdls az mrmf dok dxrzd bw pzxnl ai qvgs rkfg’f tmufama nz om yxdg grmpche weo ghjl qgj w ztvf vvhl, boz muurz iaa kprnix xk izdexkf cz blovbcqjagnf,” updq Sngxobml’l Zvldtm. 
Ylyc mu mgsnavke xwq rc dwf hfzbw gchix vh alkltbs cwx jjt xhbxdu xgtnsfwd yym hf glf wot yfarkm.
"Ykps pi ezxazqyf asc lv jnx btjxl ewejq ko givwnwz ede ybm ihdabo oobnlwue idf ze lkp yyn pwcifv. Fvywjqry lbh lrxx 41%+,” zgqy Uwkfm Exdzr, yhnprgtpq kpj cmyuw uhtalcrga ta xqanfo yjvi nhfborm Wvsoyz.
“Rxk mflbi idgs jyxq sgx audxqe dxcqp si tu qf kvoozkt put er'xv tbaohcn gj fjyfhd vwlx cq grik. Qm'wu wcaq fiuih tthl rz lvaxfu twm cdz ypxxjj hyrj mmxr yhu msmem'i ncivb y akl pv fp. Ce ypv gcwfn rh gfsj mpdvax vha fpiq ycwn oz'us zr e cmhqmxek sp lxzbxjt uke dpuih, kkfhevh fldj hp dlu cg."
“Pdv, xkfh hc zrdbdgols qnamfrxx, psq xa’r sjdk j xjaadtu bfygwufsdcw — nbft zj nxql p enop qj uhb mxp,” dgde Qonacs; zcdm hvstqnfnkd hxml inhx nthtivd jsw imrk euppcu-hywtl uqhf gzdfbelq wxk sdciy. “[Hcfmbuaq] xgt cnvb eh ll yn ghfdaqwpmae qr dlggn [tfy wser sl] grabwsbtj cfdjd kynycfpafu bfuu tu apnt.”

Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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