Convene Furloughs More Than 400 Employees After Closing All Its Locations

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.

Pandemic to reshape city resilience and technological investment, says report

Another bloodbath: Lyric to slash jobs, drop units

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.

Why Zoom has become the darling of remote workers during the COVID-19 crisis

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.

Be Smart About Your Marketing Tech Purchase

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 invested in aren’t delivering the functionality needed in a budget-friendly way. Sometimes it’s not a problem you’v…

Hospitality startup Sonder slashes workforce

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.

Will scooters survive the COVID-19 crisis?

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.

Big Tech Could Emerge From Coronavirus Crisis Stronger Than Ever

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 exploded. Microsoft said the numbers using its software for online collaboration had climbed nearly 40 percent in a week….

The World’s Largest Serviced Office Company Asks Landlords For A Rent Freeze

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 told by the government to work from home where possible

Guidance For Startups/VCs From VCs Around The Globe During COVID-19

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.