The Morning After: Kickstarter and COVID-19

Tech companies around the world are facing the same difficulties in maintaining their businesses as everywhere else. Over the weekend, crowdfunding site Kickstarter has discussed layoffs as the COVID-19 pandemic ravages both projects and backers. The company has confirmed plans to cut a large portion of its workforce after the union representing Kickstarter employees said…

The Morning After: Kickstarter and COVID-19

Tech companies around the world are facing the same difficulties in maintaining their businesses as everywhere else. Over the weekend, crowdfunding site Kickstarter has discussed layoffs as the COVID-19 pandemic ravages both projects and backers. The company has confirmed plans to cut a large portion of its workforce after the union representing Kickstarter employees said it had ratified a layoff agreement on May 1st. Layoffs could affect up to 45 percent of Kickstarter staff. Last week, Lyft laid off nearly 1,000 of its employees, and rumors suggest Uber may have to address its headcount, again, soon. GoPro and Magic Leap have also adjusted their staffing levels due to the COVID-19 pandemic. It’s a time of mixed fortunes. We’re in the middle of earnings season, and tech companies like Microsoft, Facebook and Apple have had mixed fortunes. The latter has suffered from reduced hardware sales — that happens when your stores are closed — while Microsoft saw ‘minimal’ impact on its business and Facebook has seen a jump in its audience figures as people stay indoors and connect to their screens.-MatTesla has applied for a license to become a UK energy provider The company may bring its PowerPack battery technology to Britain.Mark Brake via Getty Images Tesla has reportedly applied for a license to become an energy provider in the UK. That means it might bring its PowerPack battery technology to Britain, much as it did with its 100-megawatt installation in South Australia. It may a
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