Another proptech startup has run into trouble. Frontdesk, a startup that managed more than 1,000 furnished apartments across the United States, laid off its entire 200-person workforce Tuesday after attempts to raise more capital failed, TechCrunch exclusively learned from sources familiar with internal happenings at the company. The mass layoff comes just seven months after … Read more
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Spotify is laying off 17 percent of its employees in an attempt to cut costs, its CEO Daniel Ek announced to staff today. Based on its total headcount of 9,241 revealed during its last earnings release, the cuts are expected to impact over 1,500 people. In a memo sent to staff, Ek said slowing economic … Read more
Image: Ascannio (Shutterstock) Nextdoor, a popular neighborhood app, is prioritizing its “commitment to shareholders” over its commitment to employees by eliminating a quarter of its staff to meet shareholder expectations, the company said in a 2023 Q3 report Tuesday. The layoffs are reportedly part of an effort to reduce Nextdoor’s personnel expenses by up to $60 … Read more
LinkedIn, the business social networking platform owned by Microsoft, announced Monday it is laying off 668 employees, amounting to more than 3% of its staff, as part of its alleged organizational restructuring efforts. The decision marks the second round of mass layoffs at LinkedIn this year and will impact employee roles in engineering, product, talent … Read more
Image: Dennis Diatel (Shutterstock) It’s a rough day for tech workers, with layoffs at both LinkedIn and the recently-sold Bandcamp. Stack Overflow, the go-to Q&A forum for programmers, says it’s cutting about 28% of its staff. Hands-On With Meta Quest 3 Stack Overflow CEO Prashanth Chandrasekar announced the layoffs Monday in a blog post, explaining … Read more
Bandcamp has officially changed hands from its old new owner, Epic, to its new new owner, Songtradr, and lost half its employees in the process. Songtradr confirmed that “50% of employees received offers” to continue on under the new ownership — and naturally the other 50% didn’t. The venerable digital music marketplace was acquired by … Read more
Comment on this storyComment JERUSALEM — On the third day of fighting after Hamas militants launched surprise rocket and ground assaults, Israel ordered a complete siege of the Gaza Strip, even as its military was still trying to remove Hamas gunmen from Israeli communities on the enclave’s border. Israeli Defense Minister Yoav Gallant told the … Read more
Brave Software, the maker of Brave Browser and Search, confirmed that it has laid off 9% of its staff across departments. The company didn’t specify how many people were affected, but it corroborated the development and said the decision was driven by the tough economic climate. “Brave eliminated some positions as part of our cost … Read more
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech companies to easily develop financial services, has been open about past layoffs. In June, CEO Sankaet Pathak wrote in a blog post that the company … Read more
Astra has laid off 25% of its workforce because the starting of the quarter and is reallocating a minimum of 50 engineers and manufacturing workers away from its launch enterprise to deal with spacecraft manufacturing, the corporate stated Friday. The reallocation and layoffs are anticipated to delay testing of the under-development Rocket 4 and Launch … Read more