Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at…
Category: Layoffs
Apps, Global IT News, Global Security News, Layoffs, Mark Zuckerberg, Meta, Social
Meta to cut roughly 5% of its workforce based on performance
Meta is reducing its workforce by about 5% through performance-based terminations, Bloomberg reported on Tuesday. The company plans to hire new people to fill the roles, CEO Mark Zuckerberg said in an internal memo to staff. “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the note. “We…
3d printing, austin, Global IT News, Global Security News, icon, Layoffs, Startups, Tiger
ICON, a builder of 3D printed homes last valued around $2 billion, cuts about 25% of staff
ICON Technologies Inc., which builds homes using 3D printing, is laying off 114 people, according to a WARN letter filed with the Texas Workforce Commission. A spokesperson for the company confirmed the news to TechCrunch, providing a statement that ICON had “recently made a difficult decision to re-align” its team and team size “to focus…
evergreens, Fintech, fintech startup, Global IT News, Global Security News, Layoffs, Startups
These fintech companies are hiring in 2025 after a turbulent year
While the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams. © 2024 TechCrunch. All rights reserved. For personal use only.
evergreens, Global IT News, Global Security News, Layoffs, Startups, tech layoffs, TechCrunch 2023 Recap, Venture
A comprehensive list of 2024 tech layoffs
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024. © 2024 TechCrunch. All rights reserved. For personal use only.
evergreens, Global IT News, Global Security News, Layoffs, Startups, tech layoffs, TechCrunch 2023 Recap, Venture
A comprehensive list of 2024 tech layoffs
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024. © 2024 TechCrunch. All rights reserved. For personal use only.
Canoo, EVs, Global IT News, Global Security News, Layoffs, layoffs and furloughs, Transportation
Canoo furloughs workers and idles factory as it scrapes for cash
Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned,…