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Start-ups spring from ashes of big tech purge

Supantha Mukherjee, Martin Coulter and Krystal Hu

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Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13 per cent reduction of its workforce as the advertising market cratered.

Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to start-up accelerator Y Combinator and Andreessen Horowitz’s cryptocurrency fund.

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Reuters

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    Original URL: https://www.afr.com/technology/start-ups-spring-from-ashes-of-big-tech-purge-20230103-p5ca65