Who else got fired today?

Question

So far I've heard of:* Apartment List (13% per The Information)* Carta (16% per The Information)* Opendoor (35% per The Information)Any others? Interesting that they were all announced on the same day, is it possible that there was some coordination, especially by VCs trying to staunch the blood loss within their portfolios?

smileysteve · Accepted Answer

I don't understand why Carta or Opendoor should be affected by Coronavirus.
Carta: Offering stock options to your employees does not seem to be something short term enough that 2-3 months of slowed business cycle would impact sales.
Opendoor: Anecdotally, I know of multiple people who have sold houses above listing in my market, others buying at or above market, and realtors doing tours (both virtually and in person). And 35% is a drastic cut.
One theory is that this is reducing operating expenses to not have to raise funds this year.

dandanio · Answer

* Groupon (44%) - https://www.chicagobusiness.com/john-pletz-technology/groupo...

llamataboot · Answer

Laid off != Fired

loeg · Answer

Dell (today) announced no raises for the year, no hiring, and for non-exempt, no overtime approval (without a lot of authorization).

oceanghost · Answer

Christie Digital (the makers of the digital movie projectors for AMC among people), is doing layoffs today... I haven't heard anything yet.

abhi3 · Answer

VSCO let go 30% staff today

xwdv · Answer

There&rsquo;s firings everyday, it only looks coordinate because you look at one day.