Tag: layoffs
Is it better to be a private or public company right now?
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Every week we write this post with some opening line akin to wow, what a week, huh? This is yet another one of those weeks. Perhaps this is just life now, and every week will…
Read More
Uber will lay off 3,700 full-time employees
Uber plans to lay off 3,700 full-time employees, it revealed in a filing with the Securities Exchange Commission today. That represents about 14 percent of its 26,900 employees, CNBC notes.“Due to lower trip volumes in its Rides segment and the Compa… Source
Read More
Airbnb will lay off 25 percent of its workforce due to COVID-19
The COVID-19 pandemic has effectively gutted Airbnb’s core business, and the company is taking drastic action to stay afloat while people aren’t travelling. The company has confirmed to TechCrunch that it’s laying off 1,900 employees, or just over 25… Source
Read More
Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce
This afternoon Airbnb, a well-known private company that connects travelers with places to stay, announced that it was laying off around a quarter of its workforce. The company cited revenue declines and a need to curtail costs in a memo that TechCrunch viewed. In the note, written by Airbnb CEO…
Read More
Kickstarter may cut up to 45 percent of its workforce
Kickstarter has discussed layoffs as the COVID-19 pandemic ravages its crowdfunding business, and it now looks like those job cuts may be particularly severe. In a message to Gizmodo, the company has confirmed plans to cut a large portion of its work… Source
Read More
Namely, a former high flier, slashes staff as demand for its HR software dries up in the pandemic
Namely, an eight-and-a-half-year-old, New York-based company that sells payroll, talent management and other HR services to mid-size businesses across the U.S. via subscription software, has let go of upwards of 40% of its employees. The cuts are across the board, from high-ranking staffers, including a CFO who was brought on…
Read More