Warning sign: Tech companies of all sizes and ages are starting to have layoffs
Oct 19, 2015, 06:40 IST
Old guard vs vanguard
- Flipagram, a photo-storytelling app backed by marquee investors Sequoia Capital and Kleiner Perkins Caufield & Byers cut 20 percent of its staff, as Business Insider's Biz Carson reported.
- Zomato, the $1 billion India-based restaurant discovery startup that took over Urban Spoon, is reportedly cutting 300 workers from its staff, many in the US.
- Snapchat shuttered a group developing original content, and reportedly will lay off the dozen or so members of the group (although the company noted that some may be re-assigned to different roles).