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Tag: layoffs

Tech-enabled healthcare company Kepro is laying off nearly 100 NC workers

CARY – A provider of technology-enabled services in the healthcare sector is laying off nearly 100 workers in North Carolina. Kepro, which partners with government sponsored...

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What IPOs Can Tell Us About The Medical Market

Last week, Third Harmonic Bio announced a healthy debut on the stock market, becoming one of few companies in the health space to do...

Crypto.com Has Let Go of Hundreds of Workers

More crypto companies appear to have laid off their staff members. The only difference between them and Gemini and Coinbase is that they apparently...

What’s Spurring Tech Layoffs Today? July Wasn’t Good

Who has the power right now, startups or their employees? If you ask Brian Walsh, head of San Francisco-based Wind Ventures, what he’s seeing at...

More NC layoffs as Coats American to close Hendersonville facility, lay off 51 workers

HENDERSONVILLE – According to a required notice sent to the North Carolina Department of Commerce under the WARN Act, Coats American, Inc. will lay off...

North Carolina solar company lays off 500; CEO blames faulty equipment

CHARLOTTE – Solar panel company Pink Energy, based in Mooresville, has announced another round of job cuts, with about 500 people being laid off.  The...

Pendo lays off 5% of workforce, including a few dozen in Raleigh

RALEIGH – More layoffs have swept across the Triangle and North Carolina, with Pendo layoffs affecting some workers in the region.  The Raleigh-headquartered tech unicorn...
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VCs Step Back: Global Funding In August Hits Lowest Point In 2 Years

Global venture funding reached $25.2 billion in August 2022, the lowest monthly funding amount recorded in the two years since August 2020, according to...

SoftBank’s Vision Fund To Cut Staff—Report

After seeing significant losses in the first half of the year, SoftBank will cut about 20% of staff at its Vision Fund investment arm,...

Gopuff Seeks To Borrow As Much As $300M—Report

Philadelphia-based startup Gopuff is itself looking for a special delivery—of money. The instant delivery service—that just last year closed funding rounds totaling more than $2...

More layoffs hit North Carolina workers as Keter to lay off 68 workers in Gaston County

STANLEY – A manufacturer of outdoor and patio storage devices and furniture will lay off 68 workers at a Gaston County facility in Stanley, according...

Can A Sale Stave Off Layoffs? VCs Say ‘No’

Headlines of tech-related layoffs are even more prevalent than reports of the drop in venture funding. As of mid-August, more than 38,000 workers in the...

More layoffs: Wayfair is cutting 5% of its global workforce

By Jordan Valinsky, CNN Business Wayfair is cutting nearly 900 jobs, or about 5% of the once-hot online retailer’s global workforce, as it looks to regain...
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