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Do you know how much you’re spending on your marketing tech stack? If you haven’t recently done a tech spending audit, you might be surprised. The newest solutions may seem cool and have tons of promise, but soon you’ll be left wondering where your precious marketing dollars are going. Enter tech-debt. Companies come down with this problem when the tech and supporting tools they’ve invest...
With travel at a standstill, venture-backed hospitality company Sonder has cut one-third of its staff. The San Francisco-based company has laid off or furloughed 400 people, The Information reported.
As the new coronavirus (COVID-19) pandemic sweeps the globe, micromobility companies face tough choices to balance operational targets with the threats of a growing health crisis, and cities weigh whether the transportation options could pose as a source for the spread of disease.
OAKLAND, Calif. — While the rest of the economy is tanking from the crippling impact of the coronavirus, business at the biggest technology companies is holding steady — even thriving. Amazon said it was hiring 100,000 warehouse workers to meet surging demand. Mark Zuckerberg, Facebook’s chief executive, said traffic for video calling and messaging had explode...
IWG has begun approaching UK landlords to ask for a rent freeze to help mitigate the impact of the novel coronavirus on its business, and has sought to sweeten the pill for those that offer new terms, Bisnow can reveal. The London-listed firm has sent landlords a letter, seen by Bisnow, outlining changes that would help it absorb any potential loss of revenue while the public in the UK is tol...
As news of COVID-19 and its impact rapidly unfolds, tech companies, their employees and investors are reviewing guidance regarding the financial future[1] of their startups/growth companies and how investors are seeking insight into how the venture markets will behave.
Billions of dollars have flowed into startup investing this decade, but the era appears to be closing with the coronavirus pandemic. Limited partners are saying no to younger venture firms who are still out raising, while cutting back on weaker existing firms in their portfolios, Connie Loizos reports on TechCrunch this week.
FUTURE PropTech 2020, part of the CREtech real estate technology event series, has been rescheduled to 28-29 October, due to the coronavirus, and will continue to take place at Magazine London. “The wellbeing and safety of our community will always be our number one priority so postponing the event was ultimately an easy decision to make,” said Gary Chimwa, founder and MD of FUTURE PropTech. ...
Japan’s SoftBank Group Corp., 9984 18.95% which poured nearly $100 billion into pricey, cash-burning startups in the last years of the bull market, said Monday it would sell billions of dollars in assets to prop up its plunging stock price and shore up its debt-laden balance sheet following the threat of a ratings downgrade.
Compass laid off 15 percent of its staff on Monday, The Real Deal has learned. With the economy reeling from the coronavirus pandemic, the Softbank-backed brokerage said it was projecting a 50 percent drop in revenue over the next six months.