Clubhouse Lays Off Half of Staff, Needing an Urgent Fix
It’s not clear how much of the layoffs were due to customer habits changing in a post-COVID world, and how much was due to remote work complexities. Regardless, it’s clear…
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Amazon Halts Halo Health, Announces Refunds for Hardware Purchasers.
The closure of Halo Health is likely a sign that the Microsoft Corporation is scaling back its investment in the gaming industry. Many had speculated that Halo’s popularity was waning,…
Roofstock Slashes 27% of Staff in $1.9B Layoffs
Roofstock is a startup that makes it easy for customers to purchase and install roofing products. Recently, the company has been struggling to keep up with the competition and has…
At Virgin Orbit: Preventing Furloughs with Proactive Solutions
Some employees were shocked and offended by Virgin Orbit’s decision to furlough them while they look for funding. They felt like they had been abandoned by the company and that…
Y Combinator Cuts Staff and Feels the Repercussions of Reduced Growth Investments
In light of Silicon Valley Bank’s catastrophic failure, Y Combinator has made the decision to scale back their checks for late-stage companies. This change will cost 17 team members their…
TuSimple Co-Founder Accused of Poaching Staff for New Venture Before Resignation
TuSimple’s head of research, Xiaodi Hou, resigned from the company’s board of directors last Wednesday due to allegations that he approached TuSimple employees about leaving the company to join his…
Wattpad Cuts 15% of Staff as Economic Climate Shifts
Wattpad’s announcement comes as a result of the rapidly changing economy. Companies of all sizes are struggling to remain profitable, and in some cases, they are having to make difficult…
Alerzo Reduces Workforce by 15% in Second Round of Layoffs
Alerzo laid off 15% of its workforce just before the start of Nigeria’s festive season, in what could be seen as a sign of economic slowdown in the country. The…
Layoffs Continue at Chipper Cash: 2nd Round Affects More than 12.5% of Staffing
The layoffs at Chipper Cash follow a series of other cost-cutting measures the company has taken in recent weeks, including reducing its headcount by 12.5% last Friday just ten weeks…
Jumia Cuts 20% of Staff to Reach Half Reduction in Losses for 2022
It seems that Jumia is making some tough decisions in order to focus on its core strengths and improve its overall performance. This includes reducing its headcount by over 20%,…
