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Big Tech's layoffs have been a win for PitchBook, its HR chief says

Business Insider·Ana Altchek·21 days ago
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Paul Jaeschke said PitchBook has seen more interest from former Big Tech employees. PitchBook PitchBook Chief People Officer Paul Jaeschke said that Big Tech layoffs have benefited the company. PitchBook has hired "a lot" in roles that were difficult to fill, like machine learning engineers, he said. The CPO said the company allows workers ownership and speed, which has helped with recruiting. Nobody likes seeing headlines about Big Tech layoffs , but some smaller companies are taking advantage of access to a fresh pool of top-tier talent. Paul Jaeschke, chief people officer at PitchBook, told Business Insider that the private-market data platform was "definitely a beneficiary" of recent cuts across the industry. Amazon let go of 16,000 employees in January from its corporate workforce of roughly 350,000. Meta, which employs about 78,000 people globally, is also planning to reduce its headcount by 10% this month.…

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