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 aims

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 TechCrun

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 CEO Tes

Nikola taps its president for CEO post

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 Niko

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 Capit

Microsoft makes further cuts focused on consumer R&D group

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 round was co

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 w

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, more or less, with tech

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.

3 ways to optimize SaaS sales in a downturn

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 in very different market conditions.

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 clean slate?

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

Pitch Deck Teardown: Glambook’s $2.5 million seed deck

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 company wove its story to its investors.

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 workf

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 or should I stick it out here?

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.

Build a solid deck for your quarterly board meetings

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 past 18 mont
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