Shopify took a $437 million loss when it sold its robotics division 6 River Systems, Ocado financial docs show
According to Ocado’s mid-year financial report released on July 18, the UK grocery giant Ocado paid only $12.7 million…
Salesforce quietly terminated the employment of a popular diversity executive
Salesforce fired a popular diversity, equity, and inclusion executive in May, according to people familiar with the situation. People…
Union Square Ventures slashed the value of 7 of its funds by 26%. Insiders say this will be the ‘start of a cascade’ of lower valuations for VC funds.
Union Square Ventures, an early investor in Robinhood, Coinbase, and Etsy, is widely regarded as one of the most…
Paper, the online tutoring unicorn, just had a second round of layoffs. The cuts come a year-and-a-half after raising $270 million in Series D funding.
Insider has learned that the Canadian online tutoring startup Paper has laid off 106 employees, or 4% of its…
Dropoff in venture capital funding triggers uptick in pre-emptive deals with investors desperate to back the hottest startups
In 2023, venture capital funding for startups has continued to decline. According to Crunchbase, startups raised $144 billion in…
Hopin, last valued at $7.8 billion, has sold its flagship virtual events business with founder set to step down as CEO
Hopin, one of Europe’s fastest-growing startups in history, announced on Wednesday that it had sold its main events business…
Leaked email shows Jeff Bezos’ Blue Origin is tightening its return-to-office policy: ‘Blue is a work-from-work company
Insider has learned that Blue Origin, the space company owned by Amazon founder Jeff Bezos, is requiring many employees…
Broadcom is planning drastic job cuts at VMware as its acquisition of the cloud company nears completion
According to two sources familiar with the situation, Broadcom intends to make significant job cuts at VMware, with a…
Leaked audio details Shopify’s plans for AI-first customer support as workers fear they’ll be replaced by AI
Earlier this month, Shopify executives unveiled a road map for the company’s support division, putting AI squarely at the…
Shopify has conducted quiet layoffs in recent weeks. Big AI plans have workers worried a larger cut is on the way.
Shopify employees are once again bracing for mass layoffs. Only three months after the Canadian e-commerce behemoth laid off…