Scooter startup Bird cut almost a third of its workforce in an online call on Friday morning, as the cash-guzzling startup prepares for the 'black swan' event to dry up funding.
The three-year old company, based in Santa Monica, Calif., did not say how many employees were affected by the layoffs but told Business Insider they amounted to 30% of the company's staff. Bird said the affected employees, who have been working at home because of the pandemic, were notified of the layoffs on a web call on Friday morning. But Bird said that the video feature on the web call was switched off.
"Each individual then received a call or email from Bird's talent team as a follow up," the company added. "Due to the financial and operational impact of the ongoing COVID-19 crisis, we are saying goodbye to about 30% of our team," the memo, which was obtained by Business Insider, said. Bird said it is providing four weeks of pay, three months of health coverage and an extended time frame of 12 months for laid-off workers to exercise their stock options. The coronavirus outbreak has caused financial markets and the economy to reel, and has already prompted startups like Wonderschool and TripActions to begin laying off workers in an effort to cut costs.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
techinsider All those scooters are trash and anyone dropping them off should be fined for littering
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Venture startups may not qualify for stimulus' small business loans - Business InsiderOne of the most generous provisions of the stimulus package provides loans to small businesses. But startups may not qualify. SAI Silicon Valley has had it pretty damn good for plenty of time. SAI Oh no! What are we ever going to do without Silicon Valley's hyperinflated startups! I need my connected 5G toaster oven pronto!
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Here's how to balance a hybrid workforce of office and remote staff - Business InsiderHow to balance a hybrid workforce of office and remote staff, according to the cofounder of a fintech startup who uses monthly in-person meetings to strengthen her team's connections
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
10 things in tech you need to know today - Business InsiderNine Tesla employees criticized the company's response to the novel coronavirus in interviews with Business Insider.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Knotel cuts employees as coronavirus hits flexible office industry - Business InsiderThe coronavirus has shuttered offices across the country, leading to layoffs at other companies including Convene and WeWork. But Amzon adding 100k jobs Pizza companies 80k Deliveries companies 600k jobs Sams club, all are Adding ..
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Coronavirus: McDonald's cuts back on menu, ends All-Day Breakfast - Business InsiderMcDonald's is cutting down its menu and will no longer serve breakfast all day due to the coronavirus outbreak. Yao.. the Burger Bag like Santa. hhhahha take that FAN box... Handlez.. cook them first automatic ukno.w... micro- ice ceram fries... trucx and Bments... - Boof. So McDonalds isn't giving out free Happy Meals during the coronavirus crisis like the mom Facebook groups say?
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »