2022-23 Tech Downturn

# of Open Tech Jobs

Tech Stock Declines

Big Tech Hiring Update

Biggest Tech Stock Declines

The average public tech company's stock price is down 38.9% from its 52-week high. 63% of public tech companies are down at least 25% from their 52-week high. 31% of public tech companies are down at least 50%. 13% of public tech companies (67 companies) are down at least 75%.

Data as of May 31 (updated monthly)

Big Tech / FAANG+

relative to all-time high

-50.8%

$660B loss

-43.6%

$136B loss

-36.1%

$698B loss

-31.1%

$307B loss

-18.9%

$365B loss

-9.8%

$101B loss

-6.1%

$158B loss

-3.1%

$89B loss

source: trueup.io

Other Notable Tech Companies

relative to all-time high

source: trueup.io

-98.9%

$31B loss

-95.7%

$58B loss

-91.6%

$48B loss

-89.8%

$30B loss

-89.5%

$69B loss

-88.6%

$155B loss

-87.8%

$117B loss

-85.5%

$86B loss

-84.8%

$71B loss

-83.6%

$26B loss

-82.1%

$52B loss

-80.0%

$277B loss

-79.1%

$138B loss

-78.9%

$40B loss

-74.6%

$75B loss

-73.4%

$45B loss

-73.0%

$15B loss

-69.1%

$33B loss

-68.8%

$51B loss

-67.6%

$152B loss

-67.3%

$64B loss

-62.6%

$78B loss

-61.6%

$46B loss

-61.5%

$86B loss

-50.2%

$21B loss

-50.1%

$70B loss

-47.1%

$7B loss

-41.5%

$83B loss

-40.8%

$53B loss

-40.3%

$129B loss

-28.3%

$87B loss

Who's Still Hiring

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Biggest drops across tech

relative to 52-week high

source: trueup.io

-99.7%

<$1B loss

-99.4%

$2B loss

-98.3%

$1B loss

-98.0%

$2B loss

-97.9%

<$1B loss

-97.8%

$16B loss

-96.9%

$24B loss

-96.8%

$1B loss

-96.8%

$9B loss

-96.6%

Grove Collab...

$2B loss

-96.3%

$1B loss

-96.1%

$1B loss

-96.0%

<$1B loss

-95.9%

<$1B loss

-95.0%

Intuitive Machines

$11B loss

-94.7%

<$1B loss

-94.6%

$1B loss

-94.2%

<$1B loss

-94.0%

<$1B loss

-93.9%

<$1B loss

-93.7%

<$1B loss

-93.2%

<$1B loss

-93.1%

$6B loss

-92.8%

<$1B loss

-91.5%

$11B loss

-91.0%

<$1B loss

-90.5%

$2B loss

-89.9%

<$1B loss

-89.8%

<$1B loss

-89.8%

$1B loss

-89.0%

$1B loss

-88.8%

$2B loss

-88.1%

$2B loss

-87.6%

$2B loss

-87.1%

<$1B loss

-86.9%

$4B loss

-86.7%

<$1B loss

-86.5%

$2B loss

-86.2%

<$1B loss

-86.1%

$1B loss

-86.1%

<$1B loss

-85.3%

<$1B loss

-84.9%

<$1B loss

-84.1%

SmileDirectClub

<$1B loss

-83.5%

$2B loss

-83.2%

<$1B loss

-82.8%

Upland Software

<$1B loss

-82.7%

Argo Blockchain

<$1B loss

-82.7%

<$1B loss

-82.5%

<$1B loss

Tech companies closest to their high

relative to 52-week high

source: trueup.io

0.0%

<$1B loss

-0.2%

<$1B loss

-0.3%

<$1B loss

-0.4%

<$1B loss

-0.5%

<$1B loss

-0.5%

Integral Ad Science

<$1B loss

-0.5%

<$1B loss

-0.5%

$1B loss

-0.5%

<$1B loss

-0.6%

<$1B loss

-0.7%

<$1B loss

-0.7%

$2B loss

-0.9%

<$1B loss

-0.9%

<$1B loss

-0.9%

<$1B loss

-1.0%

Bentley Systems

<$1B loss

-1.2%

$33B loss

-1.2%

<$1B loss

-1.2%

<$1B loss

-1.2%

<$1B loss

-1.3%

<$1B loss

-1.5%

$10B loss

-1.7%

<$1B loss

-1.7%

<$1B loss

-1.8%

<$1B loss

-2.0%

<$1B loss

-2.1%

$1B loss

-2.1%

<$1B loss

-2.1%

$2B loss

-2.2%

<$1B loss

-2.3%

$56B loss

-2.4%

<$1B loss

-2.4%

$4B loss

-2.5%

<$1B loss

-2.8%

Palo Alto Ne...

$2B loss

-2.8%

$2B loss

-2.8%

<$1B loss

-2.8%

$45B loss

-3.0%

Take-Two Int...

<$1B loss

-3.0%

<$1B loss

-3.1%

$2B loss

-3.2%

$10B loss

-3.4%

$2B loss

-3.4%

<$1B loss

-3.9%

<$1B loss

-4.1%

$2B loss

-4.3%

$4B loss

-4.3%

<$1B loss

-4.8%

<$1B loss

-4.8%

<$1B loss

Who's Still Hiring

TrueUp scans all 0 open tech jobs at top startups, unicorns, and big tech and sends you weekly updates of the ones most relevant to you.

Start searching now