layoffs
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Medium lays off 50 employees, shuts down New York and D.C. offices
It’s not the happiest new year at social publishing platform Medium, apparently.
According to a blog post from its CEO Ev Williams, also co-founder of Twitter, the well-funded startup is laying off 50 employees in non-engineering roles and shuttering its offices in New York and Washington, D.C.
Williams took the rosiest possible angle on changes happening at Medium, titling his… Read More
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Twitter’s sales team may take a hit in big upcoming layoffs
Well, now we know why Twitter decided to move its earnings report to before the market opens (when the West Coast will conveniently, largely be asleep).
Bloomberg is reporting that the company may cut up to 8% of its staff, or around 300 people, and that the cuts could be announced as soon as this week. As usual these situations are very dynamic, so all of the above could shake out to be… Read More
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Sources: Cisco planning 15 percent cost reduction this month
Sources are telling TechCrunch that Cisco is planning a significant cost reduction this week, which could involve budget cuts and layoffs. We’ve been hearing that the reductions will be announced on August 17th or 18th and that they will be a part of a push to cut costs by 15 percent, with managers given some flexibility around how they implement this. “A cost reduction of 15%… Read More
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Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge
Following last week’s news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the company announced it would lay off 1,850 staff and take a charge of $950 million, including $200 million in severance payments, as it “streamlines” the business to focus on enterprises and niche areas where it feels it… Read More
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VMware Confirms Layoffs In Earnings Statement As It Prepares For Dell Acquisition
VMware confirmed that it was laying off 800 employees today as part of its fourth quarter earnings statement. The layoffs had been originally reported by Fortune last week. The move appears to be part of the ongoing dance among EMC federated companies prior to the Dell acquisition expected to go through later this year. Dell announced it was buying EMC in October for $67 billion. EMC owns… Read More
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Unicorns And Little Ponies Hit The Slaughterhouse As Maker Media Lays Off 17
Stables full of startups are being turned into glue, whether they’re mythical beasts, donkeys in party hats, or just baby horses. The latest forced to do layoffs is Maker Media, the champion of the do-it-yourself movement. 10 years and $10 million later, multiple sources tell me that Maker Media laid off 20% of its staff today. When asked, Maker Media confirmed to me that 17 people… Read More
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Analytics Startup Mixpanel Lays Off 18 Employees
Mixpanel laid off 18 people yesterday, representing less than 10 percent of its 230-plus person team. “This is obviously a deeply tough decision,” said CEO Suhail Doshi. “By no means do we intend to hire people only to let them go … We’re very sorry that it happened.” Many other startups are also cutting costs by cutting their headcount. The news was… Read More
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Microsoft Lays Off 60 On Its HoloLens Team In Israel As It Shifts Development To The U.S.
Microsoft has yet to ship its first HoloLens holographic imaging device, but it is moving swiftly on to the next generation of development nonetheless. TechCrunch has confirmed that Microsoft has dismissed 60 people in Israel who work on the HoloLens — 30 full-time staff and 30 contractors. The plan is to wind down work on its VR headset and platform in the country and shift… Read More
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HotelTonight Cuts 20 Percent Of Its Workforce
HotelTonight CEO Sam Shank (pictured above) said the hotel booking startup laid off 37 employees today, 20 percent of its total workforce. Shank described the cuts as “a strategic movement that will enable us to reach our growth and revenue targets” and said they will result in “a more streamlined and focused company.” At the same time, he was quick to add, “This… Read More
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Angry Birds’ Rovio Cuts 213 Jobs, Axes Learning To Refocus On Games And Video
After announcing in August that it would cut up to 260 jobs, Rovio — maker of the Angry Birds games — today released details of the final number: the Finland-based company is letting go of 213 employees, around 25% of staff, as it continues to restructure and cut away unprofitable parts of its business. The whole of the company is being affected, with the exception of those working… Read More
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