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Visualizing Layoffs at Prominent Startups Triggered by COVID-19

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Layoffs at Prominent Startups Triggered by COVID-19

As the pandemic reverberates through almost every industry imaginable, tech startups are also feeling the pain.

Since mid-March, countless startups and unicorns have undergone layoffs.

Today’s infographic pulls data from Layoffs.fyi, and navigates the cascading layoffs across 30 of the most recognizable startups in America. Each of the companies have slashed over 250 employees between March 11 and May 26, 2020—capturing a snapshot of the continuing fallout of COVID-19.

Silicon Valley Takes a Hit

Unsurprisingly, many of the hardest hit startups are related to the travel and mobility industry.

Closing 45 offices, Uber has laid off 6,700 employees since mid-March. Uber CEO Dara Khosrowshahi, who was granted a $45M earnings package in 2018, announced he will also waive his $1M base salary for the remainder of the year.

Company# Layoffs% of EmployeesIndustry
Uber6,70025%Transportation
Lyft98217%Transportation
Bird40630%Transportation
Airbnb1,90025%Travel
TripAdvisor90025%Travel
Sonder40033%Travel
TripActions30025%Travel
Magic Leap1,00050%Consumer
Yelp1,00017%Consumer
Juul90030%Consumer
Groupon2,80044%Retail
Deliv669100%Retail
B8ta25050%Retail
Toast1,30050%Food
ezCater40044%Food
Flywheel Sports78498%Fitness
MindBody70035%Fitness
Opendoor60035%Real Estate
WeWork550N/AReal Estate
Compass37515%Real Estate
ZipRecruiter40039%Recruiting
Glassdoor30030%Recruiting
Cvent40010%Marketing
Sojern30050%Marketing
KeepTruckin34918%Logistics
Samsara30018%Logistics
Eventbrite50045%Entertainment
Lending Club46030%Finance
Sage Therapeutics34053%Healthcare
Automation Anywhere26010%Other

*Layoffs reported between March 11-May 26, 2020

Meanwhile, as room bookings dropped by over 40% across several countries, Airbnb laid off a quarter of its workforce. The tech darling is anticipating a $2.4B revenue shortfall in 2020.

Like many other big names—including Lyft, Uber, and WeWork—Airbnb is struggling to achieve profitability. In the first nine months of 2019, it lost $322M at the height of the market cycle.

Until 2021, gig-economy revenues are projected to drop by at least 30%.

International Startups Struggling

Startups in the U.S. aren’t the only ones scrambling to conserve cash and cut costs.

Brazil-based unicorn Stone has let go of 20% of its workforce. The rapidly growing digital payments company includes Warren Buffett as a major stakeholder, holding an 8% share as of March 2020.

At the same time, India-based ride-hailing Ola has witnessed revenue declines of 95% since mid-March. It laid off 1,400 employees as bookings drastically declined.

Company# Layoffs% of EmployeesLocation
Swiggy1,10014%India
Agoda1,50025%Singapore
Ola1,40035%India
Stone1,30020%Brazil
CureFit80016%India
Uber India60023%India
Careem53631%U.A.E.
Zomato52013%India
Lendingkart50050%India
Gympass46733%Brazil
OneWeb45185%United Kingdom
Livspace45015%India
Oriente40020%Hong Kong
Renmoney39150%Nigeria
Deliveroo36715%United Kingdom

Similarly, Uber India has rivaled Ola in dominance across India’s $10B ride-hailing market since launching three years after Ola, in 2013. Now, almost 25% of the Uber India workforce have been laid off.

Of course, these reports do not fully take into account the growing impact of COVID-19, but help paint a picture as the cracks emerge.

Pandemic-Proof?

While the job market remains murky, what startups are looking to hire?

Coursera, an online education startup, listed 60 openings in May. By the end of the year, the company plans to hire 250 additional staff. Within the peak of widespread global lockdowns, the platform attracted 10M new users.

Meanwhile, Canva, an Australia-based graphic design unicorn, is seeking to fill 100 positions worldwide. In partnership with Google for Education, Canva offers project-based learning tools designed for classrooms, in addition to free graphic design resources.

At the same time, tech heavyweights Facebook and Amazon reported openings. Booming startups such as Plaid, Zoom, and Pinterest are also listing new positions as shifting consumer demand continues to shape unpredictable and historic hiring markets.

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Real Estate

The Average Lot Size in Every U.S. State in 2022

Lot sizes in the U.S. are shrinking compared to a few decades ago. Here’s a look at the average lot size in every U.S. state.

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Comparing average lot sizes in every U.S. state

The Average Lot Size in Every U.S. State in 2022

The “American Dream” is often associated with imagery of spacious estates adorned with white picket fences, wrap-around porches, and sprawling green lawns that seem to go on forever.

But in reality, modern American life has become much more compact. Over the last few decades, the average lot size in the U.S. has decreased significantly—from 18,760 square feet in 1978 to 13,896 in 2020.

While average lot sizes are getting smaller overall, there are still large discrepancies in lot sizes from state to state. This graphic by Angi uses data from the 2022 U.S. Lot Size Index to show the average lot size in every U.S. State, using data from 312,456 Zillow listings as of May 2022.

Largest and Smallest Average Lot Sizes by State

When it comes to the states with the largest plots of land, New England dominates the ranking, with Vermont, New Hampshire, and Maine at the top of the list.

RankStateMedian lot size (sq.ft.)
1Vermont78,408
2New Hampshire49,223
3Maine45,738
4Montana43,560
5Alaska42,423
6Mississippi31,799
7Connecticut30,928
8Arkansas24,829
9Tennessee24,394
10Georgia22,215

New England was one of the first regions settled by the Europeans in Colonial America. This long history, along with a large rural population, could explain why the area has strict zoning policies that limit density and require large minimum lot sizes for new builds.

On the opposite end of the spectrum, Nevada ranks as the state with the smallest average lot size:

RankStateMedian lot size (sq.ft.)
1Nevada7,405
2California8,327
3Arizona8,726
4Illinois9,025
5Texas9,540
6Colorado10,019
7Florida10,019
8North Dakota10,019
9New Jersey10,019
10Ohio10,019

One possible explanation is that Nevada’s population boom—and subsequent development—is relatively recent. Newer homes listed in the dataset tend to have smaller lot sizes, and in Nevada, 34.6% of homes included in the research were built in 2000 or later.

Comparing Lot Size to Land Price

Generally speaking, the states with the biggest lots also tend to have the cheapest land when broken down per square foot. For instance, in Vermont, properties sold for an average of about $5.95 per square foot.

comparing average lot sizes in the U.S. to price

View the full-size infographic

On the flip side, in Nevada, land sold for an average of $82.80 per square foot—that’s the third most expensive of any state.

Of course, other factors are at play here when it comes to the cost of land. Like anything else that’s for sale, the price of a lot is governed largely by the laws of supply and demand.

For example, housing supply is scarce in Hawaii, where only 4.9% of the land is zoned for residential development, and the average home size is much smaller than in other parts of the country. Not surprisingly, the average plot of land in Hawaii costs $110.86 per square foot, the most expensive on the list.

The Future of Housing in America

Average lot sizes remain relatively large in some states for now, but as the U.S. population continues to become more urbanized, living conditions in America could get even tighter.

Will America hold onto its spacious way of living, or could life in the U.S. start to resemble more densely populated regions in the future?

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Demographics

3D Map: The World’s Largest Population Density Centers

What does population density look like on a global scale? These detailed 3D renders illustrate our biggest urban areas and highlight population trends.

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global population density map

A 3D Look at the Largest Population Density Centers

It can be difficult to comprehend the true sizes of megacities, or the global spread of 8 billion people, but this series of population density maps makes the picture abundantly clear.

Created using the EU’s population density data and mapping tool Aerialod by Alasdair Rae, the 3D-rendered maps highlight demographic trends and geographic constraints.

Though they appear topographical and even resemble urban areas, the maps visualize population density in squares. The height of each bar represents the number of people living in that specific square, with the global map displaying 2km x 2km squares and subsequent maps displaying 1km x 1km squares.

Each region and country tells its own demographic story, but the largest population clusters are especially illuminating.

China vs U.S. — Clusters vs Sprawl

population density spikes around China

Click here to view the high resolution version.

Zooming into the most populated country in the world, China and its surrounding neighbors demonstrate massive clusters of urbanization.

Most people are familiar with the large density centers around Hong Kong, Guangzhou, and Shanghai, but the concentration in central China is surprising. The cities of Chengdu and Chonqing, in the Sichuan Basin, are part of a massive population center.

Interestingly, more than 93% of China’s population lives in the Eastern half of the country. It’s a similar story in neighboring South Korea and Taiwan, where the population is clustered along the west coasts.

population density spikes in the united states

Click here to view the high resolution version.

The U.S. also has large population clusters along the coasts, but far more sprawl compared to its Asian counterparts. Though the Boston-Washington corridor is home to over 50 million residents, major centers spread out the population across the South and the Midwest.

Clearly visible are clusters in Florida (and not exclusively focused around Miami like some might believe), Illinois, Georgia, and Texas. The population is sparse in the West as expected, but California’s Los Angeles and Bay Area metros make up for the discrepancy and are just behind New York City’s density spikes in height.

India & Southeast Asia — Massive Density in Tight Areas

population density spikes around India

Click here to view the high resolution version.

At 1.38 billion people, India’s population is just behind China’s in terms of size. However, this sizable population fits into an area just one-third of China’s total land area, with the above map demonstrating what the same amount of people looks like in a smaller region.

On one hand, you still have clear clusters, such as in Mumbai, New Delhi, Kolkata, and Bangladesh’s Dhaka. On the other, there is a finite amount of room for a massive amount of people, so those density “spikes” are more like density “peaks” with the entire country covered in high density bars.

However, we can still see geographic trends. India’s population is more densely focused in the North before fading into the Himalayas. Bangladesh is equally if not more densely populated, with the exception of the protected Sundarbans mangrove forest along the coast. And Pakistan’s population seen in the distance is clustered along the Indus River.

population density spikes in Southeast Asia

Click here to view the high resolution version.

Geographic constraints have always been the biggest deciding factor when it comes to population density, and nowhere is this more apparent than Southeast Asia.

Take Indonesia, the fourth largest country by population. Despite spanning across many islands, more than half of the country’s 269 million inhabitants are clustered on the single island of Java. The metros of Jakarta and Surabaya have experienced massive growth, but spreading that growth across oceans to entirely new islands (covered by rainforests) is a tall order.

When the distance is smaller, that cross-water growth is more likely to occur. Nearby in the Philippines, more than 100 million people have densely populated a series of islands no bigger than the state of Arizona.

Indeed, despite being one of the most populated areas in the world, each country in Southeast Asia has had its own growing problems. Some are limited by space (Singapore, Philippines), while others are limited by forests (Thailand, Vietnam).

A World of Different Density Pictures

Though the above maps cover the five most populated countries on Earth, accounting for nearly half of the world’s population, they only show a small part of the global picture.

As the full global density map at the top of the page highlights, the population patterns can accurately illustrate some geographic patterns and constraints, while others need further exploration.

For example, the map clearly gives an outline of Africa and the sparse area that makes up the Sahara Desert. At the same time, landmasses like Australia and New Zealand are almost invisible save for a few clusters along the coast.

To get a closer and more intricate picture of each country’s density map, head to Alasdair Rae’s long thread of rendered maps and start scrolling up to find yours!

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