A troubling startup layoff trend has emerged
We don’t need to tell you about the layoffs that are defining the tech landscape right now, concentrated particularly in late-stage companies that are struggling to raise extension rounds and grow i
On Deck lays off a third of staff after cutting a quarter just months prior
On Deck, a tech company that connects founders to each other, capital and advice, has conducted another round of layoffs just three months after laying off a quarter of its staff. Sources say that mor
Walmart cuts 200 corporate employees, says it will continue hiring in ‘key areas’
Walmart let go of almost 200 corporate employees on Wednesday amid the economic downturn and rising inflation, according to a person familiar with the development. The company said in a statement that
How to approach building your first employee benefits package
There’s no "one size fits all" benefits package, and nor should there be, as each company has its own objectives and goals.
This company just raised millions to make tech layoffs more humane
The broader goal of Continuum also hinges on early-stage startups getting more comfortable with the idea of part-time executives.
10 steps for managing layoffs respectfully
In an economic climate like this, layoffs are a necessary evil. But what most founders don't realize is that you shouldn’t just optimize for efficiency — you must treat people with respect.
Microsoft lays off a portion of its workforce as part of a ‘realignment’
Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty. Bloomberg reports that the Redmond firm is “realigning business groups and roles&
Outschool, which raised a Series B, C and D in 12 months, lays off 18% of workforce
Outschool, a marketplace for kid-friendly, virtual after-school programs, has laid off 31 people or 18% of its workforce, CEO Amir Nathoo confirmed to TechCrunch over text message. The layoff, conduct
The end of a second straight month of layoffs in tech
June brought another wave of layoffs in tech, with cuts impacting roughly the same number of employees as May: 16,000 employees, according to tracker layoffs.fyi. Another layoff aggregator from TrueUp
Substack cuts 13 jobs to avoid raising more venture capital
The newsletter platform Substack laid off 13 employees today, mostly in HR and writer support roles. Co-founder and CEO Chris Best informed the company after holding meetings with the affected employe
Modsy shuts down design services, cutting roles and disrupting orders
Modsy, an online interior design services company, has ceased to offer design services, a move that comes at the cost of the team behind the effort and customers who have orders in flux. In an email t
Cybersecurity startups, once the VC darling, hammered by layoffs
On the face of it, the cybersecurity sector is doing just fine. Demand for cybersecurity products remains high as cyberattacks continue to blight both public and private-sector businesses, and investo
Byju’s cuts hundreds of jobs, pushes back payments for $1 billion acquisition
Byju’s, India’s most valuable startup, has eliminated hundreds of jobs in recent days and pushed back on payments for a $1 billion acquisition it announced last year. The Bengaluru-headquartered s
Byju’s unit WhiteHat Jr cuts 300 jobs
WhiteHat Jr, the kids-focused coding platform that edtech giant Byju’s acquired for $300 million two years ago, has eliminated about 300 roles in recent days, and is the latest in a series of startu
Backstage Capital cuts majority of staff after pausing net new investments
Hamilton said this could have been avoided if the "system we work within were different."
What do you call the opposite of the startup halo effect?
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Just as one company’s success shouldn’t cast a halo on its
Startup layoffs, the art of reinvention and a MasterClass in change
Changes within a particular startup can be used as benchmark questions for their larger market; in other words, we can use the micro to better understand the macro.
Startups keep laying off swaths of employees as the downturn continues
It’s nearly been two months since we started this accidental weekly column about layoffs happening within startups. Workforce reductions have impacted startup employees in every massive sector, from
India’s CityMall cuts 191 jobs following $75 million fundraise in late March
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversa
Layoffs hit crypto and real estate tech particularly hard this week
Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency pric