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How to conduct a reduction in force: Planning, execution and follow-up

Our best-practice advice to CEOs is to cut deep enough that they are confident there will not be a second round in the next few months.

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A troubling startup layoff trend has emerged

We don’t need to tell you about the layoffs that are defining the tech landscape right now, concentrated particularly in late-stage companies that...

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On Deck lays off a third of staff after cutting a quarter just months prior

While the accelerator may have needed to scale back, On Deck did tease a return to its founder-focused roots.

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Walmart cuts 200 corporate employees, says it will continue hiring in ‘key areas’

Walmart let go of almost 200 corporate employees on Wednesday amid the economic downturn and rising inflation, according to a person familiar with...

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How to approach building your first employee benefits package

There’s no "one size fits all" benefits package, and nor should there be, as each company has its own objectives and goals.

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This company just raised millions to make tech layoffs more humane

The broader goal of Continuum also hinges on early-stage startups getting more comfortable with the idea of part-time executives.

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10 steps for managing layoffs respectfully

In an economic climate like this, layoffs are a necessary evil. But what most founders don't realize is that you shouldn’t just optimize for...

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Microsoft lays off a portion of its workforce as part of a ‘realignment’

Microsoft has laid off a portion of its workforce as part of a 'realignment,' according to a report in Bloomberg.

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Outschool, which raised a Series B, C and D in 12 months, lays off 18% of workforce

Outschool, a marketplace for kid-friendly, virtual after-school programs, has laid off 31 people or 18% of its workforce, CEO Amir Nathoo confirmed...

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The end of a second straight month of layoffs in tech

June brought another wave of layoffs in tech, with cuts impacting at least 16,000 workers.

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Substack cuts 13 jobs to avoid raising more venture captial

The newsletter platform Substack laid off 13 employees today, mostly in HR and writer support roles. Co-founder and CEO Chris Best informed the...

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Modsy shuts down design services, cutting roles and disrupting orders

Modsy, an online interior design services company, has ceased to offer design services, a move that comes at the cost of the team behind the effort...

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Cybersecurity startups, once the VC darling, hammered by layoffs

Thousands have been laid off, despite startups raising huge amounts of cash and VC investments increasing year-over-year.

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Byju’s cuts over 600 jobs, pushes back payments for $1 billion acquisition

Byju’s, India’s most valuable startup, has eliminated over 600 jobs in recent days and pushed back on payments for a $1 billion acquisition it...

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Byju’s unit WhiteHat Jr cuts 300 jobs

WhiteHat Jr, the kids-focused coding platform that edtech giant Byju’s acquired for $300 million two years ago, has eliminated about 300 roles in...

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Backstage Capital cuts majority of staff after pausing net new investments

Backstage Capital has downsized its staff from 12 to three people, managing partner and founder Arlan Hamilton said during her “Your First...

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What do you call the opposite of the startup halo effect?

Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Just as one...

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Startup layoffs, the art of reinvention and a MasterClass in change

Changes within a particular startup can be used as benchmark questions for their larger market; in other words, we can use the micro to better...

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Startups keep laying off swaths of employees as the downturn continues

It’s nearly been two months since we started this accidental weekly column about layoffs happening within startups. Workforce reductions have...

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

Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate...

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Layoffs hit crypto and real estate tech particularly hard this week

Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering...

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Coinbase CEO says it is laying off 18% of its workers

Coinbase CEO Brian Armstrong said today that the company will reduce its workforce by 18% — nearly 1,100 people — to “stay healthy during...

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If you must conduct layoffs, don’t be a jerk

As yet another week of workforce reductions sweeps the tech industry, remember: layoffs suck, but you can make them suck slightly less.

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This is not (just) another roundup of tech layoffs

After a month that saw nearly 16,000 tech workers lose their jobs, June is off to a similar tumultuous start.

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Social app IRL lays off 25% of team, says it has enough cash to last well into 2024

The cut comes around a year after the startup landed a $170 million SoftBank-led Series C and hit coveted unicorn status. 

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a16z-backed Loom lays off 14% of staff, one year after becoming a unicorn

Loom, an enterprise video messaging tool, laid off 14% of its staff to 'move forward sustainably'

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Tech layoffs top 15K in a brutal May

It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, over 15,000...

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Fintech Bolt just laid off over 100 employees across engineering, sales, and marketing

One-click checkout startup Bolt has laid off at least 100 employees, and counting, across go-to-market, sales and recruiting roles, sources say. CEO...

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