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

Bybit crypto exchange joins the the list of companies cutting staff – TechCrunch

Singapore-based crypto exchange Bybit has joined a long list of companies that have laid off some of their employees. As the cryptocurrency market is facing tremulous times, firms are finding new ways to cut costs and stay afloat. Crypto journalist James Wu first noted the news about Bybit’s layoffs yesterday. He said that the company … Read more

Notarize signs off on 25% staff reduction, admits challenging fundraising environment – TechCrunch

Notarizea startup that offers remote online notarization services, has let go of 110 people – or 25% of its workforce. Doing the math, the seven-year-old, Boston-based company had about 440 employees before the staff reduction. When the COVID-19 pandemic first began, demand for Notarize’s services, dubbed RON for short, skyrocketed as people were confined to … Read more

Elon Musk Set to Speak to Twitter Staff for the First Time This Week

Elon Musk is set to speak at a company-wide Twitter meeting this week. It will be the first time he’s addressed employees of the company since agreeing to buy the company back in April this year. Twitter confirmed the news to CNET via a spokesperson. The meeting is set to take place on Thursday morning … Read more

BlockFi and lay off hundreds of staff as coins slump

BlockFi, a platform for trading and lending cryptocurrency, announced via a blog post on Monday that it’s laying off 20 percent of its 850 employees — around 170 to 200 people. CEO Zac Prince said in a Twitter thread that the layoffs can be traced to a “dramatic shift in macroeconomic conditions” and BlockFi’s push … Read more

Tesla shares drop after leaked CEO email reveals hiring freeze, plans to cut 10% of staff – TechCrunch

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Fri-yay the 3rd of June 2022. Or, as this cursed pandemic is still doing its thing, perhaps it’s March 824, 2020, who knows. Whatever is happening in your world, we hope … Read more