Category: layoffs
Amid unprecedented growth on its platform, Acorns cuts roles and shuts down an office
Acorns, which helps millions of people invest their spare change in the stock market, has laid off between 50 to 70 people, TechCrunch has learned from multiple sources. The Irvine, Calif.-based company would not confirm the total number of people laid off, but did confirm that there were cuts at…
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Brex, the credit card for startups, cuts staff amid restructuring
Brex, last valued at $2.6 billion, is restructuring its credit card for startups business and cut 62 staff members, the co-founders Pedro Franceschi and Henrique Dubugras said in a blog post. “Today we’re restructuring the company to better align our priorities with this new reality, while simultaneously accelerating our product…
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IBM confirms layoffs are happening, but won’t provide details
IBM confirmed reports from over night that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. “IBM’s work in…
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Uber plans to lay off another 3,000 employees
Less than two weeks after Uber shared plans to lay off 3,700 employees, the company announced that it will let another 3,000 workers go. In other words, in the course of a month, Uber has made plans to get rid of roughly a quarter of its workforce.Ub… Source
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Uber lays off another 3,000 employees
Uber is laying off another 3,000 employees, the Wall Street Journal reports. Uber is also closing 45 offices and rethinking its approach in areas like freight and autonomous vehicle technology. This comes just weeks after Uber laid off 3,700 employees in order to save about $1 billion in costs. Meanwhile,…
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Headspace is offering free mindfulness courses to unemployed Americans
There’s no question that losing your job is incredibly stressful, and since the COVID-19 pandemic began, millions of people in the US have been laid off or furloughed. In an attempt to ease some of the stress that causes, the mindfulness app Headspac… Source
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