IBM confirms layoffs are happening, but won’t provide details – TechCrunch

[ad_1] IBM confirmed reports from over night that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. “IBM’s work in a highly competitive marketplace…

Is it better to be a private or public company right now? – TechCrunch

[ad_1] Hello and welcome back to Equity, ’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Every week we write this post with some opening line akin to wow, what a week, huh? This is yet another one of those weeks. Perhaps this is just life now, and every week will stretch before us, similar…

Andela CEO confirms staff cuts as layoffs hit African tech – TechCrunch

[ad_1] Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to . 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 the economic impact of…

Namely, a former high flier, slashes staff as demand for its HR software dries up in the pandemic – TechCrunch

[ad_1] Namely, an eight-and-a-half-year-old, New York-based company that sells payroll, talent management and other HR services to mid-size businesses across the U.S. via subscription software, has let go of upwards of 40% of its employees. The cuts are across the board, from high-ranking staffers, including a CFO who was brought on almost exactly two years…

Manufacturing startup Divergent 3D reduces staff by one-third – TechCrunch

[ad_1] Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Founder and CEO Kevin…

Sales startup People.ai lays off 18% of workers, raises debt round amid COVID-19 uncertainty – TechCrunch

[ad_1] Another startup has turned to downsizing and fund elevating to assist climate the uncertainty across the economic system amid the worldwide coronavirus well being pandemic. People.ai, a predictive gross sales startup backed by Andreessen Horowitz, Iconic, Lightspeed and different buyers and final yr valued at around $500 million, has laid off round 30 folks,…

Luxury consignment retailer The RealReal lays off 10% of workforce, furloughs 15% – TechCrunch

[ad_1] Online consignment firm The RealReal is the newest tech firm to put off and furlough workers amid the COVID-19 pandemic. In the corporate’s quarterly earnings report right now, The RealReal introduced layoffs affecting 10% of its workforce and furloughs impacting 15% of workers. By doing so, The RealReal says will probably be in a…

Layoffs are disproportionately impacting startup satellite offices – TechCrunch

[ad_1] Layoffs have struck the startup world swiftly, hurting hospitality and travel startups, as well as recruitment and scooter companies. New data shows that some of those layoffs, brought on by COVID-19, might be disproportionately impacting satellite campuses. By nature, satellite offices are secondary to a startup’s headquarters. Opening smaller offices is a strategic move…