Tag: layoff
Cruise lays off 8% of workforce amid COVID-19, puts resources towards engineering
Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member workforce today as it tries to reduce costs during the COVID-19 pandemic. The layoffs will affect employees…
Read More
Andela CEO confirms staff cuts as layoffs hit African tech
Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch. Senior staff at the company — with offices in New York and five African countries — will also take salary cuts of 10% to 30%. The compensation and staff reductions are a result of…
Read More
Tech for good during COVID-19: Sky-high gifts, extra help, and chips
When Roger Lee, the co-founder of Human Interest, heard that San Francisco imposed shelter-in-place orders, he started blogging about layoff news and posting crowdsourced lists of employees who were laid off. His goal was to increase awareness about layoffs and give recruiters a place to search for candidates. However, one…
Read More
OnePlus downsizes European teams to focus on key markets
It’s only been a little over a week since the OnePlus 8 launch, but the company apparently went ahead and announced significant redundancies across Europe since yesterday. According to sources close to the matter, many regional offices — namely UK, F… Source
Read More
Casper winds down European operations and lays off 78 people
Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally. In the statement, the company said that it is winding down European operations to…
Read More
Relativity Space’s focus on 3D printing and cloud-based software helps it weather the COVID-19 storm
Just like in almost every other industry, there’s been a rash of layoffs among newer space startups and companies amid the novel coronavirus crisis. But Relativity Space has managed to avoid layoffs – and is even hiring, despite the global pandemic. Relativity CEO and founder Tim Ellis cites the company’s…
Read More