personnel moves
Upskilling platform GrowthSpace secures $25M to grow its global business
As the jobs market remains tight (mass layoffs and hiring freezes in tech aside), companies are laser-focused on retaining staff. One of the areas they’re investing in is upskilling, which…
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Digital health unicorn Truepill conducts third round of layoffs in 2022
Truepill, a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its third mass layoff in a string of workforce reductions, sources tell TechCrunch. The layoff impacted about third of the company, or 175 people. The company did not respond to multiple requests for comment. One source says that Truepill’s entire…
7 investors discuss why edtech startups must go back to basics to survive
Investors are preparing for a time of going heads down, helping their portfolio companies that want to prioritize growth instead of raising more capital, and rethinking their metrics of success.
Kenyan B2B e-commerce platform Marketforce cut about 9% of staff in reorganization strategy
Kenyan retail B2B and end-to-end distribution platform Marketforce laid off a chunk of its workforce in July, according to sources familiar with the matter. In an email sent from Marketforce…
Electric truck maker Nikola announced Wednesday that President Michael Lohscheller will become CEO on January 1. Lohscheller, who will replace CEO Mark Russell upon his retirement, has joined the Nikola…
Nightfall raises cash for its AI that detects sensitive data across apps
Nightfall AI, a startup providing cloud data loss prevention services, today announced that it raised $40 million in Series B financing from investors including WestBridge Capital, Venrock, Bain Capital Ventures…
After pulling open roles across its Office and Windows divisions and letting go of a portion of its 180,000-person workforce in July, Microsoft made additional cuts this week. This layoff…
Groupon cuts over 500 staff, plans to focus ‘only on mission-critical activities’ from now on
Chicago-based Groupon today laid off more than 500 of its employees — 15% of its 3,416-person headcount — according to posts from former employees on social media. The reduction impacted…
Kumospace raises new cash to replace physical offices with virtual ones
After more than two years of remote work, many employees have no interest in returning to the office — at least not without good reason. Employers have responded in kind,…
New Red Hat CEO looks to keep things steady while putting own mark on company
Red Hat promoted 16-year veteran Matt Hicks, who says he will for the most part continue on the path of former CEO Paul Cormier.
There’s tremendous opportunity in a recession for growing revenue. But first, you have to fundamentally change the way you approach sales.
7 first-time funds see an advantage in entering a downturn without a large portfolio
Last year saw a record 270 first-time funds close, which means there are almost 300 new managers who raised their fund in a bull market and are now deploying it…
7 first-time fund managers detail how they’re preparing to thrive during the downturn
Who will fare better in the current venture downturn? Will it be legacy investors with years of experience and sizable portfolios to worry about or emerging managers starting with a…
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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 more than 100 people were impacted by the workforce reduction, accounting for half of the entire staff, while the company —…
Glambook recently raised $2.5 million at a $12 million valuation, and I managed to talk it into letting me share its full pitch deck with you to see how the…
SoundCloud will reduce its workforce by around 20%, blaming the weak economic environment
As word of layoffs ricochets around the world, SoundCloud will, unfortunately, join the masses. The audio distribution and music sharing platform plans an approximate 20% reduction of its global workforce.…
Dear Sophie: How long am I required to stay at my current job after I get my green card?
My employer sponsored me for an EB-2 green card, and my application has been approved. Can I transfer my green card to another employer in a different field and position…
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.
As a founder, there’s no shortage of items on your to-do list, but reporting to the board is one area every startup leader needs to prioritize.
Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff
Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired — adding to the volatility the technology sector has seen over the…
TechCrunch+ roundup: SaaS burn multiples, 8 fintech VCs spill the tea, all my apes gone
If Andy Warhol were alive today, would he be minting NFTs of Campbell’s Soup cans?
Butlr lands new cash to put people-detecting sensors in the office
Butlr, an MIT Media Lab spinout developing sensors that use body heat to estimate office occupancy, today announced that it raised $20 million in a Series A round with participation…
Allwhere launches out of stealth to help companies manage their remote workforces
Given the recent economic downturn, some companies are skeptical that the pandemic-led move to remote and hybrid work will have staying power. According to an April survey by Good Hire,…
A year ago, Instacart co-founder Apoorva Mehta left his role as chief executive of the grocery delivery unicorn and took on an executive chairman position. Now, as the company he…
SAP top exec retires as Q2 2022 earnings come out
As Q2 earnings send enterprise giant SAP’s stock down, President of SAP North America DJ Paoni is leaving the enterprise company, TechCrunch has learned from sources. SAP confirmed the news,…
Once seemingly unstoppable, Big Tech is now in reset mode, slowing hiring and laying off employees. What does this mean for startups?
Growth cheat code: Use fractional hiring to stay on plan when cutting costs
The coming years will see a contractor-first strategy become even more prevalent, and small companies will have an opportunity to employ this strategy effectively.
GitHub slows hiring for certain roles as it prioritizes ‘strategic hires’
GitHub appears to have pulled back on hiring across certain parts of the organization, becoming the latest tech giant to refactor its recruitment strategy in anticipation of an economic downturn.…
Airbnb co-founder Joe Gebbia today announced he’s stepping down from his position at the company he helped launch more than a decade ago. In a letter to employees also published…
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WTF is a 409A?
In the past few months, both Stripe and Instacart have seen their internal valuations updated in a 409A appraisal process. What is this all about, and why should startups consider a lower valuation?
