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?
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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