Silicon Valley is bracing for layoffs at some of its biggest venture-backed companies, according to recruiters and tech insiders.
"People are obviously very unsettled these days with the news," said Greenhouse CEO Daniel Chait, whose company provides recruiting software. "I had a call with a handful of CEOs on another topic, but it quickly turned to the state of the markets."
"It trickles down to the venture capital community, then to the start-up world," said Chait. "Everybody is talking about how their companies are reacting, what's going on in boardrooms and how people are planning."