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Most interesting startup stories this weekIt’s been a decade since Aileen Lee coined the term “unicorn” in a TechCrunch article to describe a startup valued at more than $1 billion.
If you’re only reading two things on TechCrunch this week, make it Startups Weekly — and Lee’s article.
Who knows, but that doesn’t stop a bunch of really interesting startups from raising absolutely buckets of cash.
Tech layoffs are accelerating, according to the data.
After quick revenue growth in 2023, midsized tech companies are cutting as well.
Brex’s latest layoffs make it plain that even some of the best-known, and most richly funded, upstart tech companies are finding their headcount to be too much.
Thankfully, that information is at our fingertips and we can report that, yes, the layoff surge that you are feeling is in fact an actual wave.
In that month, Layoffs.FYI counted just 4,707 tech layoffs across 65 total known cuts.
India’s Swiggy to cut another 400 jobs ahead of IPO later this yearIndian food delivery startup Swiggy is cutting about 400 jobs, or nearly 7% of its workforce, as the startup seeks to bring further improvements to its finances ahead of a planned IPO later this year.
This is the second round of layoff at the Bengaluru-headquartered startup, which cut just as many jobs early last year.
The move comes as Swiggy attempts to further improve its finances.
Though its food delivery business is profitable, the startup is not profitable at a group level.
Zomato, Swiggy’s chief rival, became profitable last year.
With a funding round totaling 50 billion won ($38.4 million), Seoul-based agritech startup, Green Labs, has secured debt financing from two investors. The new investment comes just one month after…
The mass layoffs have been a trend for big tech companies in recent years, as the number of jobs available decreases and the wages for technical positions keep rising. Some…
