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After announcing plans to lay off a fifth of its workforce because of the coronavirus crisis, flexible workspace provider Convene is readying to furlough hundreds more. The company told 421 people this week that they would be furloughed starting March 30, Bisnow has learned.
This is one of the messages in ABI Research’s whitepaper that looks at the current and future ramifications of COVID-19 across technologies and verticals, including smart cities.
Lyric, the Airbnb-backed hospitality startup, is drastically downsizing — just a month after laying off 20 percent of its staff. With the coronavirus pandemic bringing travel to a standstill, the San Francisco-based company gave pink slips to the majority of its 100 employees on Friday, sources said.
With people across the country stuck indoors as the coronavirus spreads, they're turning to video calls to chat with friends, family members, colleagues, classmates and customers. There are any number of free services at their disposal, but Zoom is increasingly the one they're choosing.
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.