Layoffs

Layoffs hit General Fusion as the fusion power startup runs short on cash

General Fusion laid off at least 25% of its employees last week, just days after hitting a key milestone for its latest fusion demonstration device. CEO Greg Twiney posted an open letter on the company’s website Monday saying that while its new LM26 device had been able to compress a plasma — something necessary for fusion […]

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Fintech Bench conducts layoff while others still work month-to-month

Bench, the accounting and tax startup that was bought in a fire sale last December, has conducted a round of significant layoffs, it confirmed to TechCrunch. Bench didn’t specify how many people were affected, but one person who works there estimated that Bench was eliminating dozens of positions – that’s a big chunk of the

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Meta conducts layoffs in Oculus Studios, impacting VR exercise app Supernatural

Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact employees within Oculus Studios, which develops apps and games for Meta’s Quest headsets. Meta did not specify how many people were impacted by the layoffs but said that the cuts impacted people working

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WordPress maker Automattic lays off 16% of staff

Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce. The layoffs will impact 16% of staff across divisions, an Automattic blog post published Wednesday reveals. Ahead of the layoffs, Automattic’s website listed 1,744 employees, which means north of 270 people may have lost their jobs. (Automattic

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