Money management app Pocketbook will shut down next month after a decade in business. The company, now owned by the embattled ASX-listed BNPL Zip Co., announced yesterday that it will close on August 5. In a note on its website, Pocketbook, which was reportedly used by 800,000 people, did not give a reason for its… Read more »
Parcels delivery challenger brand Sendle is the latest startup to trim its sales, cutting 12% – around 26 positions – from its team. The eight-year-old company, which pitches itself as the pugnacious alternative to Australia Post, raised $45 million 12 months ago from the likes of ASX-listed AP Ventures and NRMA Insurance. In the past… Read more »
Over the past few weeks, you’ve probably seen a flurry of news stories popping up around fast-growing, sexy startups all of a sudden going through layoffs. For a lot of young talent who began their careers post-GFC, this is our first time navigating the world of work in a significant market downturn (and particularly one… Read more »
HealthMatch, a five-year-old medtech that’s like Tinder for clinical trials, matching researchers with patients, has been forced to halve its team, shedding 18 jobs, as the local tech sector braces for a long startup winter. The cuts come 18 months after Paul Bassat’s Square Peg Capital led an $18 million round in the Sydney-based startup, which… Read more »
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