The Goldman Sachs-backed “buy now, pay later” startup was once valued at $450 million. Is laying off more than 10% of its staff, the company confirmed to TechCrunch December 7. The business-focused streaming TV service raised $100 million in 2022. Has reportedly eliminated a large part of its workforce. Is shutting down its operations and selling its assets to Nutanix. Will lay off more than 500 employees after closing fulfillment centers in Ohio and Nevada in February 2024. On its website, Y Combinator categorizes Sunfolding as an “inactive” company. Is reportedly winding down its operations. Has shut down three months after filing for Chapter 11 bankruptcy, citing $900 million of debt. It would be the fintech unicorn’s fourth round of layoffs this year. Has reportedly laid off 15 people across various departments. In a letter to employees December 13, CEO Josh Silverman cited a “very challenging macro and competitive environment.” Chipper Cash In an announcement obtained exclusively by TechCrunch, the embattled self-driving car company is cutting 900 employees, or 24% of its workforce, per a December 14 email from new president and CTO Mo Elshenawy. The e-commerce company known for its one-click checkout technology was at one time the subject of a federal probe.
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