Upstart Layoffs 2024. The layoffs represent about an 8% cut of its video gaming staff. The month of may 2024 has witnessed a wave of job cuts across the tech industry.
The layoffs represent about an 8% cut of its video gaming staff. San francisco, ai lending platform upstart has laid off 7 per cent of its total workforce (around 140 employees), as it faces weakening demand for loans in the us due to significant hikes in interest rates.
Marking The Latest Wave Of Layoffs In The Bay Area Tech Industry.
Efficient marketing spending is great.
Data Current Up To January 23Th, 2024.
1,191 tech companies w/ layoffs ∙ 263,180 employees laid off 1,064 tech companies w/ layoffs ∙ 165,269 employees laid off.
Upstart Expects The Layoffs To Yield Savings Of $57 Million Over The Next 12 Months And $42 Million More In Stock Compensation Through 2025, It Said In A Government Filing.
Images References :
The Layoffs Represent About An 8% Cut Of Its Video Gaming Staff.
The lending platform which has about 2,000 employees, notified its affected employees about the layoff on tuesday, reports.
Last Year Was Brutal For The Tech Sector With 1,186 Companies Laying Off About 262,242 Employees In 2023.
Upstart expects the layoffs to yield savings of $57 million over the next 12 months and $42 million more in stock compensation through 2025, it said in a government filing.
Wayfair, An Online Retailer Specializing In Home Goods, Recently Announced The Layoff Of About 1,650 Employees 3 Weeks Into January 2024.