Source: Brex told employees it is cutting 282 jobs, or about 20% of its staff, saying it grew too quickly and its CTO and COO are giving up their positions (The Information)

The Information:
Source: Brex told employees it is cutting 282 jobs, or about 20% of its staff, saying it grew too quickly and its CTO and COO are giving up their positions  —  Brex is cutting 20% of its workforce and shaking up senior management ranks in a new effort to slash its cash burn, as the fintech firm grapples with slower revenue growth.



from Techmeme https://ift.tt/1fXkOd8

Comments

Post a Comment

Popular posts from this blog

5G Playbook

Image
Matt Chinworth for Insider Whether you're aware of it or not, 5G technology is shaping your world every day. Like 4G before it, the fifth generation of cellular wireless technology powers high-speed internet on our phones. But because it can support many devices reliably with low lag times and fast download speeds, it's also powering things like long-distance synchronous music-making, faster electric-vehicle charging, and innovative mental-health care. It's also forward compatible — meaning it's built to support technologies that are still in development or don't even exist yet. Insider's  5G Playbook  is built for anyone who wants to know what's possible with this tech — how it can take your business to new heights, expand your creativity, or enliven your world. We're your one-stop resource for captivating profiles, informative how-tos, and exciting interactive features.   Credits: Series Editors : Stephanie Hallett, Ashley Davis, Lily...
Read more

'How much can you send on Cash App?': It depends on whether or not your account is verified — here's what you need to know

Image
You can send up to $250 on a basic Cash App  account in a 7-day period, and receive up to $1,000 over a 30-day period. Once you've verified your Cash App , you can send up to to $7,500 per week and receive an unlimited amount. Verifying your Cash App account requires sharing your full name, date of birth, and the last four digits of your social security number. Visit Business Insider's homepage for more stories . You can set up and start using a Cash App account in about three minutes. All you need to do is download the app, connect it to your phone number, email address, and bank account, and then transfer some funds to start sending and receiving money. How much money you can send on Cash App depends on account verification You can't send large amounts of money with an unverified Cash App account. Cash App limits unverified accounts to a $250 send limit in a 7-day period, regardless of whether that's one lump sum or spread out over myriad transactions...
Read more

Upward and onward

The future is very much yet to be written about vertical farming. In many ways, the technology presents hope in the midst of rising food safety concerns, aging populations and potential environmental collapse. It’s also an intensely hard row to hoe, as it were. Early companies in the space are going to be the ones focused on driving down unit economics (hopefully) to a point where the technology makes sense from a price perspective. But sometimes being early to a party means you’re among the first to leave. Last January, we covered what looked to be an important next step for Upward Farms, as the company announced plans to open a 250,000-square-foot farm in Northeastern, Pennsylvania early this year. The Brooklyn-based firm recently announced , however, that it has closed up shop. “We found that vertical farming is almost infinitely complex — as we tackled challenges, new ones emerged,” founders Jason Green, Ben Silverman and Matt La Rosa said in an open letter. “Our team faced thes...
Read more