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Tech Companies Are Hiring Staff… Then Rescinding the Offers

Tech.Co

A number of tech companies have made the headlines this week for hiring new members of staff, only to rescind such offers before they start. A False Start. Get all the latest tech news straight to your inbox. Sign up for Tech.co's newsletter today. Mass Layoffs Taking Place. Please fill in your name.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. However, he did confirm to TechCrunch that he had to reduce staff due to the COVID-19 pandemic. The company’s No.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Even a million users on your social media site won’t pay the bills until you sell some advertising or a premium service. Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term.

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Entrepreneurship Is A Compulsion, Not A Choice

InfoChachkie

It is not rational to put oneself into the uncertain, stress-filled environment of a startup. If it were a decision to be an entrepreneur, then most right-minded individuals would decide to turn back when they encountered the first inevitable startup crises. Your smaller, more nimble part-time startup can outperform BDCs.

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

Both Sides of the Table

This money is administered by the SBA (small business administration) and is obtained through an approved bank who reviews your application. 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. The goal of the program is in the name?—?payroll