Alex Zajaczkowski was simply months into her function at Toast, a restaurant point-of-sale software application business, when she was let go during COVID-19 layoffs. Toast, last valued at$5 billion, cut 50 %of its personnel through furloughs and layoffs. Zajaczkowski said she started obtaining jobs within a week.”I believe I got on the boat a little bit quicker than others due to the fact that I desired that security a bit faster, “she stated.

She and former Toast colleagues formed a Slack to interact about layoffs, their job searches and what lay ahead. Toast created an opt-in spreadsheet for employers that noted laid-off staff members. The sheet brought Zajaczkowski to Stavvy, an online home mortgage start-up also based in Boston, for an interview.

Today, a majority of Stavvy’s group are ex-Toasters, including Zajaczkowski.” I believe one of the benefits of hiring from an organization that is sort of a renowned Boston business, is that you know what the employing practices are,”Ligris stated.”There’s been a level of vetting that has occurred.”Stavvy’s onboarding of former Toast employees recommends that the layoffs which rocked startups in March could be an opportunity for smaller sized start-ups to scoop up star talent that already has chemistry. While acqui-hiring is not a new principle, it has new weight in an environment reeling from mass layoffs and a shift to remote-first work. Stavvy co-founders Kosta Ligris and Josh Feinblum, however, state employing a pod of workers can backfire without correct diligence. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.