Lyft laid off about 50 employees who worked in its bikes and scooters division this week, people familiar with the matter said. Many of the people let go came over to Lyft from Motivate, the nearly 300-person bike-sharing company the ride-hailing firm bought in December, and helped lead key markets like San Francisco and Boston. Lyft spokeswoman Julie Wood characterized the layoffs as part of...
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On the Market: The Founders Who Joined Microsoft, Spotify, Coinbase and Twitter
Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley. That means managers and engineers who also have the entrepreneurial bug are now on the market. Twitter’s most recent round of job cuts included at least four such founders, including the entrepreneurs behind...
FDIC Sets Deadline for SVB Bids
China Investigates Former Head of Top Chipmaking Firm for Graft
Rippling Raises $500 million to Ease SVB-Linked Payroll Crunch
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