Fear and loathing return to tech start-ups
The tech wreck is back and this time it is ruining the valuation of many start-ups.
Source: afr.com
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Fear and loathing return to US tech startups
Fear and loathing return to US tech startups
Source: bdnews24.com
See Fintechs Cutting Jobs As the Tech Bubble Bursts.
Robinhood cut 300 jobs in April, citing a slowdown in retail trading. Other financial tech companies to slash headcount include Better and Blend.
Source: businessinsider.com
Major Layoffs Hit Mortgage Startups and Traditional Lenders Like Wells Fargo
Traditional lenders and mortgage startups staffed up during the housing boom. Now the fastest rate spike in decades has led to industry-wide job loss.
Source: businessinsider.com
Blend is cutting 10% of its workforce
The tech firm cited an expected 60 to 70% drop in refinance volume as reason for the layoffs, which affect employees in the company’s title business and general administrative duties.
Source: nationalmortgagenews.com