Layoffs

India’s Ola removes CEO in four months, cuts 180 jobs in profitability push

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Ola has let go its chief executive, Hemant Bakshi, merely four months after appointing him to the post, and is cutting about 180 additional jobs, a source familiar with the matter told TechCrunch. The move from the Indian ride-hailing startup is aimed at “improving profitability,” its founder and chairman, Bhavish Aggarwal, told employees in an […]

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TikTok faces a ban in the US, Tesla profits drop and healthcare data leaks

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Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering this week’s noteworthy happenings in tech. TikTok’s fate in the U.S. looks uncertain after President Joe Biden signed a bill that included a deadline for ByteDance, TikTok’s parent company, to divest itself of TikTok within nine months or face a ban on distributing it

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Fisker plans more layoffs as cash dwindles and bankruptcy looms

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Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S. Securities and Exchange Commission regulatory

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Hinge Health, a virtual physical therapist, lays off 10% of its workforce

Biotech & Health /

Hinge Health, a nine-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, cut approximately 10% of its workforce on Thursday, TechCrunch has exclusively learned. The company said people who were laid off worked across various functions; according to employees posting on LinkedIn, some were engineers. Before the layoffs, Hinge had more

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Agility Robotics lays off some staff amid commercialization focus

Robotics /

Agility Robotics on Thursday confirmed that it has laid off a “small number” of employees. The well-funded Oregon-based firm says the job loss is part of a company-wide focus on commercialization efforts. “As part of Agility’s ongoing efforts to structure the company for success, we have parted ways with a small number of employees that

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