Layoffs

Techstars is laying off 17%, ending its J.P. Morgan-backed programs

Startups /

Techstars is laying off 17% of its workforce and will end its $80 million J.P. Morgan-backed Advancing Cities Program once the fund is completely deployed at the end of this year, TechCrunch has learned. The Advancing Cities program, which launched in 2022, saw the launch of accelerator programs across the nation in cities like Oakland, […]

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Bungie employees say they were caught off-guard by 17% staff reduction

Gaming /

Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday. This is Bungie’s second round of layoffs since it was taken over by Sony in 2022. Two former Bungie employees affected by Wednesday’s layoffs say

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Unit and Loop lay off staff and Brex ditches co-CEO model

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple killing its Pay Later feature, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday

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