Layoffs

Microsoft will lay off 9,000 employees, or less than 4% of the company

Microsoft is planning to lay off 9,000 employees, impacting less than 4% of its global workforce, according to a report by CNBC. Microsoft continues to beat expectations in its quarterly earnings; in its most recent report, the company grew its net income by 18% year over year, amounting to a total of $25.8 billion. However,

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After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports

African B2B e-commerce startup Sabi has laid off around 20% of its workforce (~50 employees) as it pivots from its original retail-focused platform to double down on a growing business in commodity exports. The layoffs, confirmed by the company on Thursday, are part of a broader restructuring aimed at aligning resources with what it describes

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It’s layoff ‘season’ at Phil Libin’s Airtime

Airtime, the video startup from Evernote’s founder Phil Libin, has laid off dozens of employees, TechCrunch has learned, and Airtime confirmed. According to the company, 25 people were let go from the 58-person team — a change Airtime described as “bigger than usual.” While Airtime characterizes the departures as part of its typical seasonal approach

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Luminar secures up to $200M following CEO departure and layoffs

Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month,

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