Layoff Score

Avoid the lemons when looking for jobs

151 followers

Avoid the lemons when looking for jobs

151 followers

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Knowledge base software

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Data analysis tools

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Hiring software

🍋 Avoid the lemons when looking for jobs. See layoff risk scores for thousands of companies to plan a safer career.

Free

Launch tags:Hiring•Productivity•Career

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Maker

📌

I wanted a quick way to see a risk score for any given company regarding layoffs. This is the tool I wish I had when I was looking for jobs! I spent too long comparing options regarding job security / layoff risk with other tools and this makes that process easier.

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3yr ago

@dotspencer This is a super useful tool. Thank you for making it free and available for everyone to use!

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3yr ago

Opengeni

Awesome! How are you measuring this tho? Isn't the market the biggest factor in this. Like interest rates go up, startups lose funding because VCs can get better return else where etc. Isn't this too complex to predict or how do you do it? Im really curious!

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3yr ago

The filter is based on risk but results are in an unknown order. Are all the companies international? Good job. You may want to add a privacy policy and terms of service (with a disclaimer).

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3yr ago

Congrats, excellent idea, @dotspencer 👏 Would be great to see the companies with their logo and website. I usually identify the companies by their logo, so it's an excellent way to filter out quickly.

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3yr ago

Trace

This is a great app! Thanks for creating it, should be super helpful when checking out potential employers

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3yr ago

Bees Keys

Hi Spencer, fellow U of U alumni here. I have some thoughts about the site. I love what your product is offering: searchable lists of layoffs by company with credible news sources linked. There is so much potential to keep adding more useful data here too (for example: severance packages, roles affected, locations, etc). The score concept of the app doesn’t immediately resonate with me since I don’t naturally assume that previous layoffs are indicative of future layoffs, but this is not a dealbreaker in my perception of the app. Some small suggestions: - At the top of your site you could have a short description of what the site is/does, or a prompt telling me to search by company. - When number of employees cannot be parsed from the data, replace the ‘?’ With empty space or something more understandable Good luck!

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3yr ago

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Maker

@joshs_projects Thanks for the feedback! I just added a few of the UI tweaks you recommended :) As far as previous layoffs indicating future layoffs... We don't have a ton of signals from companies that can tell us if working there will be higher or lesser risk. There's so many factors and most of which are kept hidden from the public. Even when companies are "doing well" financially, they can have surprise layoffs. But yeah from my own experience, one of the most telling signals is if if they've had recent layoffs. Typically when you have one round of layoffs, future rounds are much more likely - especially in the short term. I tried to reflect that in the app with more weight in the negative given to layoffs within the past year. It's additionally checking the total number of layoffs and the percentage of total employees they let go in determining the risk score. Not a perfect scoring system, I definitely agree, but I think it does give some insight that could be useful for people on the job market. If you have any other feedback or ideas on what could make it better or more useful, let me know! Thanks again!

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3yr ago

Bees Keys

@dotspencer "Typically when you have one round of layoffs, future rounds are much more likely - especially in the short term." It would be interesting if you could prove this insight with your own data. Then you could turn your analysis process into a prediction model or display your results as a hook to convince skeptics of the app's usefulness. But it's only an idea. I know that sort of number crunching is a complex problem and might not be your next priority.

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3yr ago