Covid Slowed Startup Recruiting, but Not for Long

As the coronavirus outbreak took hold in the U.S. early this spring, prompting layoffs at startups across Silicon Valley, engineers and product designers at big tech companies appeared to lose interest in making the leap to smaller firms. The presumed job security offered by Apple, Facebook, Amazon suddenly seemed more appealing, new data shows. 

What is surprising, though, is that by June, the situation had largely reversed. Interest among employees of big tech firms in making a move to a startup generally rebounded to near pre-pandemic levels, according to an analysis by TopFunnel, which builds software that helps companies track job candidates.