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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

“There has been a real interest in emergency services,” Ramot told me, adding he expects to see more demand for the software platform and the flexibility it provides as the pandemic unfolds. Via isn’t the only company shifting its attention to emergency services. ” Layoffs in a time of COVID-19.

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Coda Automotive Lays Off 50

socalTECH

It looks like Southern California's emerging electric automobile industry has definitively hit the skids, as Santa Monica-based electric auto developer Coda Automotive laid off 50 employees Tuesday. The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff.

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Three questions to answer about your COVID response

Berkonomics

Apply to the SBA for an Emergency Loan or through your bank for the new “PPP” loan program. Act boldly to address painful layoffs, reductions in salaries, cuts in trade shows already contracted (even if cancelled or reset to the fall months.) Plan for reductions in fixed overhead, salaries, and other costs now.

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Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more. The company’s financing troubles began in 2017 but a new crisis emerged last year after a fallout with Evergrande.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Get outside the company regularly to get feedback on future customer needs, emerging technologies, and the views of influencers and experts in the field. This means identifying initiatives early, communicating openly with your team, and asking for their help on the dilemmas of production cuts and layoffs.

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Latest Post-COVID Trends in the Telecom Sector

Southern California Edison Blog

Customers in the new normal may face lingering challenges brought on by the pandemic, such as layoffs or other financial struggles, which directly affect their ability to consistently pay for service. Offer Greater Service Flexibility.

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10 Cash-Flow Surprises That Could Kill Your Startup

Startup Professionals Musings

If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Unanticipated expenses and emergencies drain cash. Every dollar in inventory is a dollar less in cash available, maybe even two dollars less if your gross margin is 50%.

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