Tag: coronavirus
Daily Crunch: Apple Stores begin to reopen
Apple outlines new safety measures as it reopens stores, Huawei responds to new U.S. chip curbs and Jack Ma departs SoftBank’s board of directors. Here’s your Daily Crunch for May 18, 2020. 1. Apple begins reopening some stores with temperature checks and other safeguards in place In mid-March, Apple closed…
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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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SoftBank’s Q1 2020 earnings presentation mixes comedy and drama
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re digging into SoftBank’s latest earnings slides. Not only do they contain a wealth of updates and other useful information, but some of them are gosh-darn-freaking hilarious. We all…
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Call for EU state aid rules to flex for startups
European startups are calling for more flexibility in EU state aid rules to allow national governments to provide liquidity for the region’s fledgling digital businesses during the COVID-19 crisis. In a joint letter addressed to Commission EVP Margrethe Vestager, more than a dozen startup associations from across the bloc have…
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Apple is reopening more stores but you’ll need a face mask to enter
Apple is set to open 25 more stores in the US and 12 in Canada, but be prepared to follow strict COVID-19 guidelines if you want to enter. For one thing, face masks will be required and will be provided if you don’t have one. Temperature checks will… Source
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India’s Swiggy to cut 1,100 jobs, scale down cloud kitchen operations
Swiggy said on Monday it is cutting 1,100 jobs and scaling down some adjacent businesses as India’s top food delivery startup looks to reduce costs to survive the coronavirus pandemic that has made people cautious about ordering food online. In an internal email, which the Bangalore-headquartered startup published on its…
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