San Francisco-based law firm Orrick Herrington & Sutcliffe has laid off about 90 attorneys and staff members and delayed start dates for its incoming first year class, Bloomberg Law reported Tuesday. The firm is laying off 40 associates and 50 staff members, or about 6% of the firm’s global workforce. Orrick is also delaying start dates for incoming first-year workers until January 2024,...
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Creator Economy startups
Beehiiv’s Deal for an Ad Tech Startup Shows Strains on Founders
Let’s kick off this week with some creator economy M&A news. Beehiiv, a newsletter publishing startup, is acquiring Swapstack, an advertising marketplace for newsletters, Beehiiv’s CEO Tyler Denk confirmed to me. Beehiiv is acquiring the smaller firm’s tech and relationships with advertisers. Swapstack co-founder and CEO Jake Schonberger and a Swapstack account manager will join nearly...
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