Category: layoffs
Kickstarter’s live project count is down 35 percent from last year
Crowdfunding is taking a serious hit due to the COVID-19 pandemic. A Kickstarter internal memo from CEO Aziz Hasan obtained by The Verge indicates that new projects have dropped by 35 percent year-over-year with “no clear sign of rebound.” The steep… Source
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Sales startup People.ai lays off 18% of staff, raises debt round amid COVID-19 uncertainty
Another startup has turned to downsizing and fund raising to help weather the uncertainty around the economy amid the global coronavirus health pandemic. People.ai, a predictive sales startup backed by Andreessen Horowitz, Iconic, Lightspeed and other investors and last year valued at around $500 million, has laid off around 30…
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Airbnb reportedly lays off contractors and cancels summer internships
Airbnb has ended its contracts with contingent workers early and postponed summer internships, Protocol reports. Contractors at Airbnb serve as property inspectors, home consultants are more. Contractors will reportedly receive no less than two weeks’ pay after receiving notice from their temp agencies. Airbnb will also reportedly delay hiring undergraduate…
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GoPro lays off 200 employees as coronavirus pandemic impacts sales
GoPro has announced that it will lay off 200 employees or around 20 percent of its workforce due to the coronavirus pandemic. It aims to reduce expenses by about $100 million by switching the majority of its business to a direct-to-consumer model. Th… Source
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SoftBank-backed Opendoor has announced a massive layoff, cutting 35% of its employees
Opendoor, the seven-year-old, San Francisco-based company that has from the outset aimed to help people buy and sell homes with the “push of a button” or nearly, just laid off more than a third of its staff. According to a statement sent to us by cofounder and CEO Eric Wu,…
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Unicorn layoffs keep piling up as the economy gets worse
Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. With stocks down as well, we’ve received negative signals from the private market, the public market and the economy…
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