Category: Layoffs

Walmart’s Mass Layoffs Could Be the Canary in the Coal Mine
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Walmart’s Mass Layoffs Could Be the Canary in the Coal Mine

Walmart is laying off hundreds of workers despite posting record sales during the pandemic. The news proves no one is immune to the effects of Covid-19, not even Walmart. Walmart’s decision is a red flag for the stock market and economy given the retailer’s strong performance during the pandemic. Mass layoffs have become somewhat of…

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This Week in Apps: Layoffs at VSCO, Google Play’s new guidelines, TikTok rolls out parental controls
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This Week in Apps: Layoffs at VSCO, Google Play’s new guidelines, TikTok rolls out parental controls

Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads in 2019 and $120 billion in consumer spending in 2019, according to App Annie’s “State…

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Layoffs are disproportionately impacting startup satellite offices
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Layoffs are disproportionately impacting startup satellite offices

Layoffs have struck the startup world swiftly, hurting hospitality and travel startups, as well as recruitment and scooter companies. New data shows that some of those layoffs, brought on by COVID-19, might be disproportionately impacting satellite campuses. By nature, satellite offices are secondary to a startup’s headquarters. Opening smaller offices is a strategic move when…

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Oyo layoffs, Airbnb’s delayed IPO and the long-term quandary of investing in travel startups
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Oyo layoffs, Airbnb’s delayed IPO and the long-term quandary of investing in travel startups

It’s the best and worst of times for travel startups. Massive growth over the past few decades has made tourism one of the big global industries, covering everything from recreation to business conferences to shopping sprees. But doubts about the future of the industry are growing — and not just because of the novel coronavirus…

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Layoffs hit another Softbank co as $3.2B Flexport cuts 50
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Layoffs hit another Softbank co as $3.2B Flexport cuts 50

Fearing weak fundraising options in the wake of the WeWork implosion, late stage startups are tightening their belts. The latest is another Softbank-funded company, joining Zume Pizza (80% of staff laid off), Wag (80%+),  Fair (40%), Getaround (25%), Rappi (6%), and Oyo (5%) that have all cut staff to slow their burn rate and reduce…

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