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Investors bet on HR automation as potential boon amid mass layoffs

May 19, 2020

In the midst of an economic downturn, venture capitalists are keeping tabs on what industries can thrive. Some investors are bullish on the future of HR automation.

Airbnb lays off 25% of staff, narrows vision to focus on core business 

May 5, 2020

The vacation rental company’s CEO Brian Chesky told employees in a memo that its revenue forecast for 2020 is less than half of last year’s.

9 big things: Lost jobs litter the startup landscape

April 12, 2020

A growing wave of layoffs and furloughs joins WeWork's lawsuit, a rare IPO and crisis mega-funds in our recap of the week.

WeWork's smaller rivals are flashing warning lights 

January 17, 2020

Knotel's layoffs are another sign that flexible leasing startups are scaling back after a decade of breakneck growth.

Tesla layoffs add to Elon Musk's woes

January 22, 2019

Within the past two weeks, three different companies created by Elon Musk have parted ways with portions of their staff—although the cuts were much less severe at one of the billionaire's offspring.

After hitting $100M+ valuation, Mic drops to Bustle for $5M

November 30, 2018

Mic has reportedly agreed to sell itself at less than 5% of its latest valuation.

Startup Graveyard 2018: 12 failed companies, $1.4B in VC funding, only one Theranos

October 23, 2018

Theranos may be the most infamous startup to shut down this year, but it's not the only business to close up shop. Our graphic breaks down some of the VC-backed companies that have closed in 2018.

Uber lays off 100 in self-driving unit

July 13, 2018

Just a day after Uber's HR chief resigned following an investigation into allegations that she had dismissed discrimination claims, the ridehailing giant has let go of about 100 employees working...

Theranos slashes employee count

April 11, 2018

About a month after the SEC charged Theranos and its founder Elizabeth Holmes with "massive fraud," the embattled blood-testing company has reportedly laid off almost all of its employees, cutting...

Ahead of near-certain shutdown, Theranos pleads for cash

April 11, 2018

A letter from Elizabeth Holmes to shareholders reveals Theranos will go out of business this summer if existing investors don't pitch in—and says remaining employees are helping wind it down.

Avegant parts ways with half of employees

March 20, 2018

AR startup Avegant has laid off more than half of its workforce and replaced its CEO with the company's founder, according to The Verge. Avegant previously had between 40 and 50 employees; with the...

NatureBox parts ways with one-third of workforce

March 9, 2018

Snack delivery startup NatureBox has laid off 20 employees, per Recode. Founded in 2012, the startup has raised about $58 million in equity funding and was valued at $152 million in 2015. NatureBox...

Vroom cuts staff, closes two major locations

March 7, 2018

Vroom, the VC-backed operator of an online car marketplace, has laid off up to 50% of its staff since the start of 2018, per TechCrunch. The startup, which has also shut down locations in Dallas...

Zenreach cuts 20% of staff

March 5, 2018

Marketing platform operator Zenreach has laid off 40 employees, including co-founder and head of sales Tom O'Brien, per The Wall Street Journal. Founded in 2012, the startup has raised about $80...

Vox cuts 5% of staff

February 22, 2018

Vox Media is reportedly laying off 50 employees from its social and video teams across a few of its websites, including Racked and Curbed. A letter written by Vox CEO Jim Bankoff to employees...