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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. Get all the latest tech news straight to your inbox. Mass Layoffs Taking Place. The post Tech Companies Are Hiring Staff… Then Rescinding the Offers appeared first on Tech.co.

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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. In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges. Hone your process for due diligence and integrating these new elements.

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Google Confirms Motorola Mobility 4000 Layoffs

Tech Zulu Event

Google will however feel the layoffs. The firm will incur a severance-related charge of over $275 million, and restructuring charges due to the staff’s severance packages and job outplacement services for the 4000 employees its laying off at Motorola Mobility. Motorola annual financial report is here.

Layoffs 63
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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

However, he did confirm to TechCrunch that he had to reduce staff due to the COVID-19 pandemic. Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform. Divergent 3D and Czinger Vehicles are wholly owned subsidiaries under Divergent Technologies. A core team remains, he said.

Startup 251
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Entrepreneurship Is A Compulsion, Not A Choice

InfoChachkie

In your own startup, you might experience lean times, but you never will be crushed in a stampede, like a middle-manager in a corporate layoff. When high-tech businesses, founded by appropriately educated entrepreneurs who received money from sophisticated investors are considered, the survival rates are even more encouraging.

Startup 243
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Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

Despite technical differences and the early nature of the data that made comparison difficult, Wall Street declared Spark this week’s winner. Preventative Services Task Force changed its classification of colorectal cancer screening methods, which has implications for Exact’s diagnostic, Cologuard.

News 55
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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