Sydney cultivated meat startup Vow, creator of the “woolly mammoth meatball“, has been forced to slash staffing by nearly a third, with 25 jobs being made redundant as it seeks a new round of investmen. Vow has been developing lab-grown cell-based animal products being served in high-end restaurants in Asia. It is still awaiting regulatory approval… Read more »
A startup developing cheaper, copper-based solar panels, and backed by Australian tech royalty, has shed jobs and changed its executive leadership as part of a major restructure of the business SunDrive’s investors include Atlassian founder Mike Cannon-Brookes, VCs Blackbird and Main Sequence, the federal government-backed Australian Renewable Energy Agency (ARENA) and Clean Energy Finance Corporation,… Read more »
Up to 2,800 Telstra workers will be retrenched by year’s end, with Australia’s largest telecommunications carrier announcing plans to pare its workforce in an AI-driven “reset” of its enterprise arm including an overhaul of its Telstra Purple services business. The package of reforms is designed to contribute to $350 million in cost savings as the… Read more »
When Finder shed around 60 roles last month – 17% of its workforce – turns out one of them was the comparison site’s Australia CEO, Chris Ellis. SmartCompany’s Tegan Jones revealed Ellis was among the company’s cost savings, pointing out he’s disappeared from Finder’s leadership page and will leave the business at the end of… Read more »
Financial comparison site Finder has cut its workforce by 17% in a fresh round of redundancies, the third major staffing reduction in the past 12 months. Around 60 people have lost their jobs globally in the latest cuts. It may be the fourth time HR handed out redundancy notices in the past year, with SmartCompany… Read more »
Blackbird-backed Melbourne food waste recycling startup Bardee has cut most of its workforce, around 30 employees, who are waiting for outstanding payments, as it struggles to raise more capital amid a range of issues. Staff lost their jobs in May, with The Australian reporting the job losses last week. Bardee was founded in 2019 by… Read more »
Most of Australia’s startup founders launch their businesses with the best of intentions, but the past year has been challenging with consistent and widespread redundancies. It’s understandable that signs the VC funding market might be starting to thaw would inspire hope that the worst of the tech wreck is over. However, we think founders should… Read more »
Link-in-bio startup Linktree has cut staffing again, with 27% of its workforce, mostly in Australia and New Zealand, to depart as the company turns its attention to the US. Cofounder and CEO Alex Zaccaria told staff in an email that with the US being their largest market, with the White House and the Denver Nuggets… Read more »
Electric delivery bike startup Zoomo has cut staffing for the second time in six months, making 27 roles redundant, just weeks after the collapse of major client Milkrun. “Zoomo has made the difficult decision to reduce its overall headcount by 8%. The restructure will accelerate our path to company-wide profitability in 2024,” a statement from… Read more »
ASX-listed jobs marketplace Airtasker is the latest tech company to swing the scythe through its workforce, cutting 45 jobs – around 20% of its overall headcount – as part of a drive to become cashflow positive in the 2024 financial year. The redundancies are primarily in non-revenue generating functions the company (ASX: ART) said, releasing… Read more »
Melbourne software company Culture Amp has followed in the footsteps of Atlassian, Mr Yum and several US tech giants in shedding staff, with around 90 people finishing up next week. With around 1000 working for the HR platform, the cut amounts to around 9% of the team. Founder and CEO Didier Elzinga wrote to his… Read more »
The dream is over for rapid delivery startup Milkrun, which shuts down this week after 18 months of operations, having raised $86 million in the last two years. Cofounder Dany Milham emailed staff today after the Easter break to say “we have made the difficult decision to wind down the business, and as a result,… Read more »
Hospitality ordering and payments platform Mr Yum has cut another 40 jobs, just seven months after shedding 40 more jobs – 17% of its then global workforce. CEO and cofounder Kim Teo posted the email she sent to staff today on LinkedIn saying they’d made “the strategic decision to get to profitability with our current… Read more »
Workplace software giant Atlassian is cutting around 5% of its workforce – 500 staff – with co-CEOs Scott Farquhar and Mike Cannon-Brookes say they “are deeply sorry”. The job losses comes just four months after Farquhar embarked on a high-profile national tour last October to recruit more than 1000 people for new R&D roles. In… Read more »
NFT gaming startup Immutable, has cut its staffing for a second time in six months, shedding another 11% of its team. Another 32 roles will go, on top of 20 positions cut in July last year, less than a year after the Sydney startup burst to prominence as fast-growing tech unicorn. In March last year… Read more »
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