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Tag Archives: SAI

GameStop reportedly told employees to wrap their hands in plastic bags while they continued working during the coronavirus outbreak

Ben Gilbert/Business Insider A Manhattan-area GameStop store. Across America, non-essential services and businesses are temporarily shuttered as people stay home to prevent the spread of COVID-19. Embattled retailer GameStop, the world’s largest video game retail chain, argued it was “essential” and stayed open until March 21. While the company is …

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Andreessen Horowitz-backed startup Arweave says its decentralized 'permaweb' is fighting coronavirus misinformation in China

REUTERS/Stringer CHINA OUTA woman uses her mobile phone behind barbed wire at an entrance of a residential compound in Wuhan, the epicenter of the novel coronavirus outbreak, Hubei province, China February 22, 2020.Berlin-based Arweave is a startup which is building a decentralized internet archive that it calls its ‘permaweb.’This permaweb …

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Electric scooter startup Bird has laid off 30% of the company in a scramble to preserve a 'cash runway' to last until the end of 2021

BirdScooter startup Bird cut almost a third of its workforce in an online call on Friday morning, as the cash-guzzling startup prepares for the ‘black swan’ event to dry up funding. “Due to the financial and operational impact of the ongoing COVID-19 crisis, we are saying goodbye to about 30% …

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'It was my decision': TripActions CEO said it's slashing benefits, closing offices, and its cofounders are cutting their pay in half just days after laying off one-fourth of its workforce

The $4 billion corporate travel startup TripActions is making several cuts in addition to laying off employees in an effort to outlast the global halt to travel, cofounder and CEO Ariel Cohen told Business Insider.The Andreessen-backed startup is implementing pay cuts for remaining employees, removing its fitness stipend, and closed …

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Insiders say $2 billion startup Deliveroo is frustrated its Amazon funding is under lengthy competition scrutiny even as it helps fight COVID-19

Reuters / Drew Angerer of Getty ImagesAmazon CEO Jeff Bezos, and Deliveroo CEO Will Shu.UK food delivery unicorn Deliveroo is frustrated that it is still undergoing a competition probe, even as it volunteers its help to the UK government to tackle COVID-19.Deliveroo has been under investigation since 2019, after Amazon …

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The Sequoia investor who left to start his own VC firm says startup founders can table their plans to raise funding. Here's what they need to do instead.

Drive CapitalChris Olsen is a founding partner of Drive Capital.Chris Olsen, a former Sequoia investor who left to start his own VC firm in the Midwest, says startup founders can expect their access to funding to dissipate because of the coronavirus outbreak and its ripple effects.The companies that will survive …

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Days after laying off 20% of its workforce, Brookfield-backed Convene furloughs more than half of remaining employees due to coronavirus closures

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I played a long-distance version of Settlers of Catan, the wildly popular and complex board game, with 3 of my friends. Here’s how you can do it from your own home.

Juliana Kaplan/Business Insider The Catan crew assembles. To practice safe social distancing, my friends and I are staying far apart from each other. That means we won’t be able to play Settlers of Catan, the popular board game, together anytime soon. So we, like many millennials, turned to the Internet …

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TripActions, the $4 billion Andreessen Horowitz-backed corporate travel startup, just laid off 350 employees as the travel industry grinds to a halt

TripActions, the corporate travel startup backed by Andreessen Horowitz’s massive $2.2 billion growth fund, laid off 350 employees across business divisions on Tuesday, Business Insider has learned.The company had over 1,000 employees prior to the cuts, according to startup database PitchBook, which would mean that the layoffs affected roughly a …

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