ConsenSys Confirms Layoffs, Projecting 13% of Staff at Startups to Be Cut

Chat logs obtained from a ConsenSys town hall last week reveal a mix of shock and support following the company's announced layoffs......»»

Tesla laid off 2,688 workers at its Austin factory, according to a WARN notice. It's likely part of Elon Musk's previously announced jobcuts. Elon Musk during th.....»»

The decline in EV adoption has also affected industry leader Tesla, leaving the future uncertain for other startups in the sector. read more.....»»

Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Amazon, IBM, Google, UPS and Tesla are among those shedding staff. Elon Musk informed Tesla employees that the company would be making cuts overni.....»»

The top finance stories for May 3, including the latest news on 10 of the top fintech recruiters helping startups staff up. Lucky-photographer/Shutterstock Good morning and welcome to Insider Finance. I.....»»

ArtsFund President and CEO Michael Greer said the organization is encouraged that fewer of its organizations have staff furloughed or laid off compared with a few months ago — but the sector still expects a 30% decline in personnel expenditures......»»

Also, how Snap made a comeback, and hot media startups to watch. Hi and welcome to this weekly edition of Insider Advertising, where we track the big stories in media and adverti.....»»

PayPal, VMware and Samsung Semiconductor were among the tech giants to cut staff this month......»»

San Antonio-based Frost Bank, a subsidiary of Cullen/Frost Bankers Inc., confirmed Friday that it has eliminated 68 positions in an effort to cut costs across the company, The 68 affected jobs were across all departments and locations. The layoff re.....»»

Cruise Cruise is laying o.....»»

How effective will the Paycheck Protection Program be? The program has faced criticism, but some small-business owners say the low-cost loans have enabled them to forestall layoffs or rehire staff. Here's a look at PPP successes, failures and unkno.....»»

Planned Parenthood of Greater New York—which launched in January after the merger of five affiliates—has laid off or furloughed nearly a third of its staff as a result of the Covid-19 crisis. About... To view the full story, click the title link......»»

About 1,900 Airbnb employees will be affected by the layoffs, CEO Brian Chesky said. About 1,900 Airbnb employees will be affected by the layoffs, CEO Brian Chesky said......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

A devastating consequence of the pandemic? Many businesses that are deemed non-essential have had to close or severely cut down on staff, leaving U.S. residents furloughed or without jobs. A recently released report from Zillow shows that layoffs cau.....»»

The layoffs hit as the coronavirus crisis has taken a toll on the ride-hailing business......»»

FireEye Inc. shares slipped in the extended session Tuesday after the cybersecurity company said it was laying off staff and forecast an outlook that fell short of Wall Street expectations. FireEye shares fell 5% after hours, foll.....»»

It's been a tough seven days for autonomous trucking startups. read more.....»»

Ron Perez was prepared to cut half of his 25-person staff at the Columbia-Greene Humane Society when he first saw revenue fall due to the coronavirus pandemic. He credits the relationship with his bank as a key factor in making it through the PPP process......»»

ConsenSys cut staff for the second time in 2020. DForce faces doomsday. And Bitcoin ATMs are booming......»»