Amid 2022’s economic uncertainty, startups are being forced to cut back—some in the form of layoffs—to weather the market. Here's what we're seeing.
Layoffs
Global venture funding reached $25.2 billion in August 2022, the lowest monthly funding amount recorded in the two years since August 2020, according...
SoftBank will cut about 20% of staff at its Vision Fund investment arm, according to a Bloomberg report.
Philadelphia-based instant delivery service startup Gopuff is looking to borrow up to $300 million in a revolving credit line.
Tech-related layoff counts continue to rise, but selling a company in an effort to avoid layoffs is unlikely to pay off in the long run. VCs share...
Connected fitness isn’t the buzzy space it was a year or two ago, but deals are still getting done at a pretty brisk pace. We decided to take a look...
While layoffs have primarily been affecting the tech sector, it looks like they’re now coming for retail too. Walmart is reportedly laying off...
Insurtech company Lemonade has laid off around 20% of employees of newly acquired car insurer Metromile, the company confirmed to Crunchbase News.
Electric vehicle maker Rivian is laying off 6% of its employees, the Wall Street Journal reported this week. The layoffs amount to around 840...
While some tech companies have chosen to pause hiring or announce initial layoffs, others are gearing up for their second round of cuts.
We’ve rounded up some of the tech companies that have said they’d slow down or put a freeze on hiring amid the market downturn.
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