Financial TimesFinancial Times

Silicon Valley staff race to offload start-up shares as valuations plummet

By Tabby Kinder

29 Dec 2022 · 4 min read

Editor's Note

Tech start-up valuations are collapsing—and many laid off workers are being forced to sell stakes in their former companies right in the midst of the worst downturn in a decade. The FT reports.

Silicon Valley workers are scrambling to offload stakes in tech start-ups through private share sales after a wave of job cuts, compounding a collapse in valuations.

Employees of embattled tech groups are flooding secondary markets — where stakeholders in a private company sell shares to third parties — as the industry’s former darlings like Klarna and Stripe have been forced into aggressive cost-cutting measures, according to brokers and investors.

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