socalTECH

MARCH 27, 2020

Santa Monica-based Bird reportedly let 400 of its employees go on Friday, via a pre-recorded Zoom meeting, according to a report. The on-demand scooter company said it laid off 30% of its staff, saying "Layoffs are never easy or comfortable to do" and saying that the layoffs were done as a result of the COVID-19 pandemic.

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Layoffs Santa Monica News Report 124

TechCrunch LA

APRIL 6, 2020

metro area, San Diego and Santa Monica. A few of the highlights include biking as one of the few bright spots, how some companies have pivoted to providing rides to healthcare workers and insights on how the industry and cities might have reacted had the pandemic occurred two years in the future. A novel rewards program.

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Layoffs Startup Newsletter Santa Monica 136

socalTECH

NOVEMBER 6, 2015

Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M The company said the drop came due to traffic declines to eHow and lower ad monetization yields. The company reported a total, Q3 revenue of $28.5M.

Demand 100

Demand Content eHow Media 100

socalTECH

JUNE 2, 2020

Santa Monica-based on-demand scooter company Bird has shut down its operations in the Middle East, according to reports, shutting down Circ, which it had acquired in January, and laid off all of its employees. Bird had only just acquired Circ in January, shortly before the world was hobbled by the pandemic.

Santa Monica 113

Santa Monica Demand Report Funding 113

socalTECH

JULY 6, 2020

Santa Monica-based on-demand scooter company Bird received a PPP bailout loan worth at least $5 million, according to a report, but laid off nearly 400 employees anyway. According to the report, Bird claims it was "erroneously listed" in the list of companies put out by the Treasury Department today.

Report 113

Report Santa Monica Demand Help 113

socalTECH

JULY 6, 2020

Santa Monica-based on-demand scooter company Bird received a PPP bailout loan worth at least $5 million, according to a report, but laid off nearly 400 employees anyway. According to the report, Bird claims it was "erroneously listed" in the list of companies put out by the Treasury Department today.

Report 113

Report Santa Monica Demand Help 113