Cruise lays off 8% of workforce amid COVID-19, puts resources toward engineering

Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member workforce today as it tries to reduce costs during the COVID-19 pandemic. The layoffs will affect employees in Cruise’s product, marketing and … Continue reading Cruise lays off 8% of workforce amid COVID-19, puts resources toward engineering

The intersection of small business, tech and our financial system is more important than ever

The nation is rooting for our 30 million small businesses. They employ more than half of the country and create most net new jobs, and 80% of them have less than 60 days cash on hand. The world has never experienced dislocation of labor and business activity at this scale and speed. We applaud Congress … Continue reading The intersection of small business, tech and our financial system is more important than ever

Tesla’s furlough calls begin with delivery and sales taking a hit

Tesla started Friday to furlough its sales and delivery workforce — with the least experienced employees bearing the brunt of the action — days after a companywide email announced salary cuts and reductions due to the COVID-19 pandemic. Several employees, who work in sales and delivery and spoke to TechCrunch on condition of anonymity, reported … Continue reading Tesla’s furlough calls begin with delivery and sales taking a hit

Yelp lays off 1,000 employees and furloughs 1,100 more

Yelp co-founder and CEO Jeremy Stoppelman announced in an internal email that the company is going through difficult times. Yelp has to cut expenses, which means a large round of layoffs and some additional measures — 1,000 employees have been laid off. According to an SEC filing, Yelp had 5,950 employees as of December 31, … Continue reading Yelp lays off 1,000 employees and furloughs 1,100 more