Ro cuts 18% of staff despite narrowing focus, raising additional capital – TechCrunch

Ro, a healthcare unicorn that last raised $150 million just months ago at a $7 billion valuation, has cut 18% of its staff to “manage expenses, increase the efficiency of our organization, and better map our resources to our current strategy,” leadership wrote in an e-mail obtained by TechCrunch and confirmed by multiple sources. “Due … Read more

Netflix Lays Off About 300 Employees in Latest Round of Cuts

Netflix confirmed it laid off “around 300 employees” on Thursday. It’s the streaming giant’s latest round of job cuts so far this year as it faces slowing growth. The layoffs were earlier reported by Variety. Netflix also cut 150 jobs in May, after it had eliminated a number of jobs at its fandom website, Tudum, … Read more

Netflix cuts around 300 jobs after losing subscribers

Netflix is cutting around 300 jobs today as part of a second round of layoffs. The company previously laid off around 150 employees and dozens of contractors in May. The layoffs impact “many different teams” and mostly workers in the US, though international roles are being cut as well, Netflix spokesperson Bao Nguyen said in … Read more

India’s CityMall cuts 191 jobs following $75 million fundraise in late March – TechCrunch

Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversal in the markets. The Gurugaon-headquartered startup, which has raised over $110 million and counts General Catalyst, Norwest Venture Partners and Jungle Ventures … Read more

Elon Musk orders hiring freeze, warns of job cuts in latest leaked email – TechCrunch

Tesla CEO Elon Musk has directed executives to pause all hiring and prepare for job cuts, according to a leaked email that was first viewed by Reuters. Tesla shares fell 8.5% following the Reuters report. His directives came the same week that Musk sent employees two emails, which were also leaked, that the company was … Read more

Insurtech Policygenius cuts 25% of staff, less than 3 months after raising $125M – TechCrunch

Policygenius, an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off 25% of its staff. The number of employees affected is not confirmed but is believed to be around 170, according to multiple sources. One employee posted on LinkedIn today that he was among the … Read more

2023 Chevy Bolt EV, EUV Get Major Price Cuts to Stay Competitive

Patience can be a virtue. The Chevrolet Bolt EV and EUV have always been relatively affordable, hovering below the average new-car transaction price. But now, for the 2023 model year, these two electric cars are much more affordable. Chevrolet announced on Wednesday that the 2023 Bolt EV and 2023 Bolt EUV earned some serious price … Read more