Startups announce layoffs amid chilly funding environment
March 28, 2016
Just last week we saw two startups—on-demand shipping company Shyp and smart-watch maker Pebble—announce headcount cuts, with Pebble’s CEO directly calling out the less-than-ideal fundraising conditions in Silicon Valley. They join marketing platform Optimizely and speaker company Sonos, both of which also reported layoffs in the month of March. With no consensus on when VC will pick back up, be on the lookout for more news about startups having to downsize.