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Take advantage of the good times to build stakeholder loyalty.

Berkonomics

If there is no closer connection to the corporation, when times are tough for any reason, it is these employees that make it tough for management to gain understanding and consent for actions that must be made such as missing payrolls, making layoffs, or abandoning pre-announced plans. Investor loyalty is most tenuous of all.

Layoffs 240
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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

If you do massive layoffs (RIFs) you can assume that you will need to repay your loan since the intent of the loan is to protect jobs. How do I amend my legal documents so that the Affiliate Rule doesn’t stop me from applying for a loan? Below lists how the loan program is calculated. Do I need to rush my application?

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Kofax To Sell Hardware Business, Cut Staff

socalTECH

Irvine-based Kofax , a provider of document management software and hardware, said Sunday that it is selling its hardware business to a German private equity firm, and cutting staff. Kofax said it is selling the business to Hannover Finanz, in a deal expected to be worth approximately $20M after tax.

Equity 145
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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability. The company filed registration documents in California in June 2018. Heyward did not respond to a request for comment.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Founder and CEO Kevin Czinger didn’t provide specific numbers. However, he did confirm to TechCrunch that he had to reduce staff due to the COVID-19 pandemic.

Startup 251
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Freelancers Are The New Entrepreneurs For Services

Startup Professionals Musings

Whether you are in manufacturing or software, you need experienced writers who can document your latest technology, write patents, and efficiently manage the multitude of data formats required by printing companies and advertisers. Now some never see the people they support, but are experts on the technology involved. Writing specialists.

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Entrepreneurs Can Thrive on Services or Products

Startup Professionals Musings

Whether you are in manufacturing or software, you need experienced writers who can document your latest technology, write patents, and efficiently manage the multitude of data formats required by printing companies and advertisers. Now some never see the people they support, but are experts on the technology involved. Writing specialists.