Automation startup CreateMe Technologies lays off most Bay Area staff, relocates - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Fresh off East Bay expansion news, CreateMe Technologies Inc. is laying off almost all of its R&D employees in S.F.

A New York-based automated clothing production startup is laying off most of its Bay Area employees before it moves into a new 35,000-square-foot research and development lab in the East Bay next week.

Several employees referenced the layoffs on social media and another confirmed them to me with a message received from the company's health care provider. Employee benefits are set to expire at the end of this month and any commuter program and flexible spending account balances would be forfeited immediately, it said.

An employee told me that CreateMe's plans as of late November were to shutter the San Francisco lab in February 2023. They said the company backed this up with offers of additional commuter benefits and a retention bonus for employees to stay with the company through 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines