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Andela CEO confirms staff cuts as layoffs hit African tech

Andela CEO confirms staff cuts as layoffs hit African tech Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch. Senior staff at the company — with offices in New York and five African countries — will also take salary cuts of 10% to 30%. The […]

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Tech for good during COVID-19: Sky-high gifts, extra help, and chips

Tech for good during COVID-19: Sky-high gifts, extra help, and chips When Roger Lee, the co-founder of Human Interest, heard that San Francisco imposed shelter-in-place orders, he started blogging about layoff news and posting crowdsourced lists of employees who were laid off. His goal was to increase awareness about layoffs and give […]

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Relativity Space’s focus on 3D printing and cloud-based software helps it weather the COVID-19 storm

Relativity Space’s focus on 3D printing and cloud-based software helps it weather the COVID-19 storm Just like in almost every other industry, there’s been a rash of layoffs among newer space startups and companies amid the novel coronavirus crisis. But Relativity Space has managed to avoid layoffs – and is even hiring, […]

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Modsy confirms layoffs, 10 months after announcing its $37M Series C

Modsy confirms layoffs, 10 months after announcing its M Series C Modsy, an e-commerce company that creates 3D renderings of customized rooms, has confirmed to TechCrunch that it laid off a number of staff. In addition, several of its executives, including CEO Shanna Tellerman, will take a 25% pay cut. TechCrunch first […]

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TripActions reportedly lays off hundreds amid COVID-19 travel freeze

TripActions reportedly lays off hundreds amid COVID-19 travel freeze The coronavirus demand crunch has taken another bite: Palo Alto-based corporate travel-focused unicorn, TripActions, reportedly laid off hundreds of staff yesterday. Per this post on Blind — written by someone with a verified TripActions email address — the company fired 350 people. Business […]

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Layoffs at Lime and Getaround herald rise of profit-hungry unicorns

Layoffs at Lime and Getaround herald rise of profit-hungry unicorns Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A million dollars isn’t cool. You know what’s cool? Positive adjusted EBITDA, or something close to it. That’s the message from scooter […]

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Crunch Report | Amazon, JPMorgan and Berkshire Hathaway are building a healthcare company

Crunch Report | Amazon, JPMorgan and Berkshire Hathaway are building a healthcare company Amazon, JPMorgan and Berkshire Hathaway are building a healthcare company, Facebook is banning cryptocurrency ads and TrackR lays off 42 people. All this on Crunch Report. Read More Source: techCrunch

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Crunch Report | Google and Tencent ink patent agreement

Crunch Report | Google and Tencent ink patent agreement Google inks a patent deal with Tencent, Tile lays off 30 people and Apple hires the tech team from Silicon Valley Data Science (SVDS). All this on Crunch Report. Read More Source: techCrunch

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Crunch Report | QVC Acquires HSN for $2.1 Billion

Crunch Report | QVC Acquires HSN for .1 Billion QVC acquires HSN for 2.1 billion, RED is working on a smartphone, SoundCloud loses its San Francisco and London offices and Microsoft is laying off thousands of people. All this on Crunch Report. Read More Source: techCrunch

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Microsoft is laying off ‘thousands’ of staff in a major global sales reorganization

Microsoft is laying off ‘thousands’ of staff in a major global sales reorganization  Microsoft is poised to layoff thousands of employees worldwide in a move to reorganize its salesforce. A source with knowledge of the planned downsizing told TechCrunch that the U.S. firm would lay off “thousands” of staff across the world. […]

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