another $150 million in funding earlier this month, boosting its valuation to around $3 billion.
But Brex's main source of customers — other startups — have been slammed by the coronavirus and the accompanying downturn. As of Friday, 467 startups had laid off over 61,000 tech workers, according toTaking a leaf from Airbnb's book, Brex's founders have announced the support that laid-off employees will receive from the startup.
Besides eight weeks of pay, Brex said it would waive the equity cliff for laid-off workers who have been at the company for less than a year. The startup extended the exercise period of the stocks for a year, for workers who've been at the company for more than two years. And the employees who spent more than two years at the company have seven years to exercise their options.
Anyone else see Bre-X when they first glanced at this?
Did they not get a PPP loan?
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Tom Brady is selling his highly customized Cadillac Escalade for $300,000 — see inside - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. look like a funeral car In my country this car would be used by Funeral Parlours only 🤣🤣 Looks more like a hearse.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
EasyJet share price reaction after 4,500 job cut announcement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Fed's Powell says downturn has been a 'great increaser of income inequality' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check it out! Do You Want To create advertising video of your brand logo Not increaser, an indicator of preexisting income disparities. The Federal Reserve is the greatest increaser of income inequality.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
LendingArch is expanding to the US - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Cisco is buying 400-employee cybersecurity startup ThousandEyes - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well that has to be in the top 5 creepiest company names all time...
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »