Category: coronavirus
Local services marketplace Thumbtack lays off 250 employees
Thumbtack CEO Marco Zappacosta announced in a blog post today that the company has laid off 250 employees. Much has been written about the impact that the COVID-19 and the resulting social distancing/shelter in place measures are having on small businesses (and the steps that internet platforms like Facebook and…
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Amazon warehouse workers are walking out and Whole Foods workers are striking
Amazon, the e-commerce giant that has fared well financially amid the COVID-19 pandemic, is facing a bevy of worker strikes. Today, warehouse workers on Staten Island in New York walked off the job in protest of Amazon’s treatment amid the crisis. “Like all businesses grappling with the ongoing coronavirus pandemic,…
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Amid concerns that startups could be left out of COVID-19 bailout, investors step up lobbying
The massive bailout package that the U.S. government passed last week to stave off an economic collapse from measures put in place to mitigate the spread of the COVID-19 epidemic is giving out billions to American small businesses. But startups that received venture capital money could be left out. So the…
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India’s travel and hotel booking firm Ixigo cuts salary of every employee over coronavirus
Ixigo, a 13-year-old travel and hotel booking service in India, said on Monday it is cutting the salary of its entire staff as the firm grapples with severe disruption in its business due to the coronavirus outbreak that has pushed New Delhi to issue a nationwide lockdown. Aloke Bajpai, co-founder…
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Videoconferencing apps saw a record 62M downloads during one week in March
Work-from-home policies, social distancing and government lockdowns have increased the demand for video conferencing apps, for both business and personal use. According to a new report from App Annie, out on Monday, business conferencing apps have been experiencing record growth as a result, and just hit their biggest week ever…
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Facebook commits $100M to support local news orgs hit by COVID-19 crisis
Facebook announced this morning that it will be offering another $100 million worth of support to local newsrooms that are trying to cover the COVID-19 pandemic, while that same pandemic is dealing a major blow to their bottom lines. The company says the funding will consist of $25 million in…
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