In the first full week of 2020, four companies – Oyo, Rappi, Getaround, and Zume – laid off a combined 2,600 employees.
Sharkey's role swap wasn't the only change at the discount e-commerce platform. Brandless cut 13% of its staff in March,The company struggled with inventory management and profitability when its items were all priced at $3.
Michael Ronen, managing partner of the Vision Fund's US investments, is leaving after expressing concerns about "issues" at SoftBank, the SoftBank told the FT that Fisher was "a valued member of the SoftBank family" and was "not going anywhere." Flexport cut 3% of its staff.A company spokesperson told TechCrunch the cuts came as part of restructuring meant "to move faster and with greater clarity and purpose."
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