Esper, a device management firm based in Bellevue, has laid off staff for the second time since June. Esper revealed to the Business Journal on Tuesday that it had laid off 21% of its workforce. Esper fired off 12% of its workforce in June, prompting the fresh wave of layoffs. Esper, a device management firm … Read more
In a statement to staff, Flexport Co-CEOs Dave Clark and Ryan Petersen stated that the company is not immune to the macroeconomic slump and that it must make difficult decisions to prepare for long-term success. According to the memo, Flexport is in the midst of increasing its software engineering skills and making operational adjustments to … Read more
Approximately 125 Specialized employees were put off today, effective immediately, as the American bike company reduced its global workforce by 8%, citing economic and industry challenges. Outside, Zwift, Wahoo, Strava, Rad Power Bikes, and Pearl Izumi have all’restructured’ in reaction to economic shifts or expansion strategies during the last year. This current round of layoffs … Read more
Blockchain.com, a cryptocurrency brokerage, announced the layoff of 28% of its personnel, or approximately 110 employees, adding to a horrible week of bloodletting in the devastated cryptocurrency business. The layoffs announced on Thursday come after Blockchain.com was forced to lay off roughly 150 employees in July due to a $270 million loss on loans made … Read more
According to people familiar with the situation, DirecTV is letting off hundreds of employees — around 10% of its higher ranks — as the firm seeks to slash expenses amid the heightened pain of cord cutting for pay-TV providers. According to the persons, the most of the job cutbacks would be at the management level, … Read more
Editas Medicine Inc. is laying off 20% of its workforce — about 60 people — as it cuts drug programs geared toward retinal diseases and solid tumors. The Cambridge gene-editing company (Nasdaq: EDIT) now exclusively focuses its clinical-stage programs on blood-disorder drugs, specifically treatments for severe sickle cell disease and transfusion-dependent beta thalassemia. Editas will … Read more
Coinbase will cut 20% of its personnel in order to weather the crypto market collapse. In a business blog post on Tuesday (Jan. 10) morning, CEO Brian Armstrong revealed the layoffs, which affect 950 of Coinbase’s 4,700 employees. It is the third time the bitcoin exchange has cut personnel since June of last year. The … Read more
Amazon plans to eliminate 18,000 corporate and technology jobs in a significant expansion of its cost-cutting plans, the company’s chief executive, Andy Jassy, said in an email to employees on Wednesday. The company previously planned to lay off roughly 10,000 employees late last year and early this year, The New York Times reported in mid-November. The first layoffs were … Read more
New State Capital Partners (“New State”) announced today the acquisition of Blackhawk Aerospace (“Blackhawk” or “the Company”), a recognized leader in aircraft performance improvements, by its general aviation-focused platform, New State Aviation Holdings (“NS Aviation”). Blackhawk joins NS Aviation’s flagship aviation venture AVEX, which is a major provider of sales and maintenance for the Daher … Read more
