Hi, Agen. If you’re a remote or hybrid-work employee, chances are you’re pretty happy with that arrangement. So if your employer told you that you had to move back to work in a physical office ASAP — or else — would you? Grindr found out recently that many employees just aren’t willing to go back to pre-pandemic work arrangements — almost half of the LGBTQ+ dating app’s employees were let go after they refused its return-to-office ultimatum. All told, more than 600 U.S. tech workers lost their jobs last week, with the total so far this year hitting 170,000. Nine companies joined The Crunchbase Unicorn Board last month, with fintech leading the way. More significantly for the startup world, two highly valued unicorns are finally getting ready to leave the board this month in a test for the IPO markets. Speaking of unicorn exits, sometimes those aren’t the magical fairyland these companies had dreamed of. Despite the hype around AI, scores of venture-backed companies touting artificial intelligence technologies have shuttered or seen valuations plummet in the past few quarters, our analysis shows. Venture funding overall may be scarce, but big rounds are apparently in again. Last week, eight U.S. startups each raised $100 million or more — and one reportedly raised $1 billion. Seventeen companies joined our Tech Layoffs Tracker last week, collectively sacking more than 600 employees among them. Along with Grindr, they included a cybersecurity company, tech news publication, and Jeff Bezos’ rocketship company. The No. 1 most active investor in U.S. startups last month has been relatively consistent this year — despite a slowing VC market — ranking first for the second month in a row. We look at the most active startup investors in the U.S. last month, and some of the interesting companies they funded. |
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