Company
- Technology
Three ex-employees say SoundHound laid off ~200 people, or ~50% of staff, with two weeks of severance that will only be paid if the company can raise more money (Mack DeGeurin/Gizmodo)
Mack DeGeurin / Gizmodo: Three ex-employees say SoundHound laid off ~200 people, or ~50% of staff, with two weeks of…
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Paris-based Ubisoft's stock drops ~15% after the company slashed its forecasts, reported "markedly and surprisingly slower" holiday sales, and delayed games (Tim Bradshaw/Financial Times)
Tim Bradshaw / Financial Times: Paris-based Ubisoft’s stock drops ~15% after the company slashed its forecasts, reported “markedly and surprisingly…
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Supply chain software startup Flexport lays off 20% of its global workforce, or roughly 640 employees; the company was valued at $8B in February 2022 (Riley de León/CNBC)
Riley de León / CNBC: Supply chain software startup Flexport lays off 20% of its global workforce, or roughly 640…
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Equity management service Carta cuts 10% of its staff, possibly impacting ~200 workers, as it sues a former CTO; the company was valued at $7.4B in August 2021 (Natasha Mascarenhas/TechCrunch)
Natasha Mascarenhas / TechCrunch: Equity management service Carta cuts 10% of its staff, possibly impacting ~200 workers, as it sues…
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The deep problem with SPACs is the sponsors' and warrant holders' cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both (Matt Levine/Bloomberg)
Matt Levine / Bloomberg: The deep problem with SPACs is the sponsors’ and warrant holders’ cuts, paid by the target…
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Alphabet graduates its X Moonshot project Mineral, which uses AI, ML, and edge computing to "help scale sustainable agriculture", into a full Alphabet company (Abner Li/9to5Google)
Abner Li / 9to5Google: Alphabet graduates its X Moonshot project Mineral, which uses AI, ML, and edge computing to “help…
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LeanTaaS, which sells AI-powered capacity optimization software to healthcare providers, buys automation firm Hospital IQ, valuing the combined company at $1B+ (Katie Adams/MedCity News)
Katie Adams / MedCity News: LeanTaaS, which sells AI-powered capacity optimization software to healthcare providers, buys automation firm Hospital IQ,…
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Sources: Parler's parent company laid off most of its staff and chief executives over the last few weeks, leaving the company with approximately 20 employees (Makena Kelly/The Verge)
Makena Kelly / The Verge: Sources: Parler’s parent company laid off most of its staff and chief executives over the…
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Sources: Cloud Software Group, the parent company of Citrix and Tibco, begin layoffs impacting thousands of employees (Wade Tyler Millward/CRN)
Wade Tyler Millward / CRN: Sources: Cloud Software Group, the parent company of Citrix and Tibco, begin layoffs impacting thousands…
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