Astra, a rocket startup that went public last year, told investors Tuesday it laid off 16% of its workforce as part of a wider strategy to increase shrinking financial runway and decrease expenses. The company also said it would reduce near-term investments in space services to grow its core businesses: namely, launch and spacecraft engines. […]
Carta’s former chief people officer turned entrepreneur chats through his advice for conducting a layoff Natasha Mascarenhas @nmasc_ / 8 hours Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single […]
Salesforce laid off hundreds of people this week as the onslaught of tech cutbacks continued unabated. The company would not share an exact number, but said it was less than a thousand, and the people involved were informed yesterday, according to a person close to the company. Protocol first reported the layoffs (although it got […]
Day One Ventures, a venture firm launched in 2018 with a pitch to combine venture capital acumen with marketing and communications support, has launched a program aimed explicitly at those impacted by tech layoffs this year. The program, titled “Funded Not Fired”, will write $100,000 checks into 20 startup teams by the end of the […]
Dear Sophie, I was laid off and I’m on an H-1B. I have enough savings to survive for a while. What should I do if I have been let go from my job? I am on an H-1B, have an approved I-140 and an I-797 that expires in March 2024. If I have to leave […]
Twitter is reaching out to some employees to come back after it engaged in a mass layoff last week, according to multiple reports. The company’s new owner Elon Musk laid off 3,700 people from Twitter — almost half of its staff — after he completed the takeover. A Bloomberg report cited sources saying that the […]
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]
Hey, all — welcome back to Week in Review, the newsletter where we sum up the most read ZebethMedia stories from the past week. And oof, what a week it was. Want this newsletter in your inbox every Saturday? Sign up here. Signed up? Let’s just dive right in. most read Mass layoffs at Twitter: […]
Jack Dorsey, who stepped down as Twitter CEO less than one year ago, finally addressed the layoffs that impacted approximately 50% of the company he co-founded in 2006. The workforce reduction, led by Twitter’s new owner Elon Musk, impacted thousands of people – and key teams working on human rights, accessibility, AI ethics and curation. […]
As rumors rumbled that the U.S. Federal Reserve would hike rates once more — and when it followed through earlier this week — another round of layoffs hit the tech sector. Stripe, Opendoor, Chime, Zillow, Cerebral, Brex, and of course Twitter, among others, have already cut or are about to eliminate thousands of jobs. That’s […]
