Startup employees fled for bigger companies during Covid pandemic: Study ...Middle East

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Toronto, Oct 23 (IANS) Startup workers fled for bigger, more established companies during the pandemic, revealing the vulnerability of early-stage firms in downturns, new research has shown. Digging into the data for nearly 180,000 users from AngelList Talent (now called Wellfound), the biggest online recruitment platform for private and entrepreneurial companies, researchers found that job hunters turned away from smaller, early-stage companies in favour of positions at bigger, more established firms in the US. This is the first study to document it, said Ting Xu, assistant professor of finance at the University of Toronto’s Rotman School of Management. “Our results explain why startups st

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