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RE: LeoThread 2024-11-04 21:34

in LeoFinance11 hours ago

Care/of
Will lay off its 143 employees by July 3 due to a “funding loss,” and will no longer be accepting new orders. The company has not shut down fully though, telling TechCrunch: “We are actively exploring options for the brand but do not have anything definitive to communicate at this time.”

Running Tide
Shut down its operations and laid off its remaining employees after raising more than $50 million since its 2017 start.

Satellogic
Is laying off 70 employees, about 30% of its workforce, three weeks after an earlier round of cuts impacted 34 employees.

ByteDance
Is slashing around 450 jobs at its Indonesian e-commerce division, accounting for 9% of the unit.

VRChat
Has eliminated around 30% of its total workforce, CEO Graham Gaylor confirmed in a statement.

Paytm
Is reportedly conducting large cuts across the company. The total number of employees impacted is currently unknown.

Kissflow
Has cut around 45 jobs as part of a restructuring effort.