As government and defense sectors increasingly lean on commercial services, opportunities for startups in dual-use technology have never been more promising. Yet, for young, agile companies, the challenge of entering such a highly regulated and traditional landscape is significant. How can emerging businesses compete with established primes for contracts and attention? And how can investors […]
Security compliance unicorn Drata lays off 9% of its workforce
Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has laid off 9% of its workforce, amounting to 40 people. Founded in 2020, Drata integrates with dozens of clouds, SaaS apps, developer tools, security systems, and more, helping businesses collate the necessary evidence to prove that their data privacy and security […]
SeekOut, a recruiting startup last valued at $1.2 billion, lays off 30% of its workforce
SeekOut, an 8-year-old recruiting startup that uses AI to find candidates, has cut about 30% of its workforce on Thursday, TechCrunch has learned. “Lately, we have been spending roughly $ 2 to earn $ 1, and this last fiscal year, we incurred significant cash burn,” SeekOut’s CEO Anoop Gupta and CTO Aravind Bala wrote in […]
Peloton announces 400 layoffs, 15% of the workforce, as CEO Barry McCarthy departs
Peloton, the exercise equipment maker and creator of online fitness classes, has announced that it’s laying off 15 percent of its workforce — 400 people — as CEO, president, and board director Barry McCarthy steps down after two years in the role. McCarthy, who was previously CFO at Spotify and Netflix, was coerced out of […]
Virtual physical therapist Hinge Health lays off 10% of its workforce
Hinge Health, a nine-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, cut approximately 10% of its workforce on Thursday, TechCrunch has exclusively learned. The company said people who were laid off worked across various functions; according to employees posting on LinkedIn, some were engineers. Before the layoffs, Hinge had more […]