layoffs

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layoffs

Equity is the TechCrunch podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

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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 company after holding meetings with the affected employees, which also included founders Hamish Mackenzie and Jairaj Sethi. That’s probably a better …

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Daily Crunch: Indian edtech giant Byju’s delays $1B acquisition payment, lays off hundreds of workers

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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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 announced last year. The Bengaluru-headquartered startup, valued at about $22 billion, has cut over 300 jobs at Toppr, an online learning startup it acquire…

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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 recent days, the latest in a series of startups globally to cut workforce amid the market downturn. The layoff impacts the startup’s teams globally…

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Egyptian healthtech startup Vezeeta cuts 10% of 500-person staff

Vezeeta, a healthtech startup operating in the Middle East and Africa, reportedly laid off about 10% of its staff last week. The number of affected employees isn’t known; however, multiple sources who posted the news on LinkedIn, including affected employees, revealed that up to 50 people were let …

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Daily Crunch: Truth Social says federal grand jury probe could block its planned SPAC merger

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Leverage, red flags, and a changing venture landscape

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest, boldest and baddest technology news. This week we are not recording on a Tuesday as it’s a regular week. Thoug…

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MasterClass cuts 20% of 600-person staff to ‘get to self sustainability faster’

MasterClass, an education platform that sells subscriptions to celebrity-taught classes, has cut 20% of its team to “adapt to the worsening macro environment and get to self sustainability faster,” CEO David Rogier tweeted on Wednesday afternoon. The layoff impacts roughly 120 people across all tea…

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WeWork India exposed visitors’ personal information and selfies

Visitor names, email addresses, phone numbers, and selfies were exposed to the internet.

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TikTok says ‘Project Texas’ will bolster security for U.S. users in wake of China data access concerns

Over the weekend, TikTok wrote to Republican Senators to assure them that it’s working on a program called “Project Texas” to bolster data security for U.S.-based users. This was in response to the Senators’ letter to the company dated June 27 that questioned its data access…

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