San Francisco-based Yelp, which relies on users to pen restaurant and small business reviews, said it’s laying off 1,000 people this week and furloughing another 1,100 – in all, about a third of its workforce. — Dreamstime/TNS
A flurry of job cuts announced this week by Yelp Inc, Eventbrite Inc and Toast Inc serves as a stark reminder of the deepening toll that the global coronavirus pandemic is taking on parts of the technology industry dependent on the people-to-people interaction that’s now come to a standstill.
San Francisco-based Yelp, which relies on users to pen restaurant and small business reviews, said it’s laying off 1,000 people this week and furloughing another 1,100 – in all, about a third of its workforce. Ticketing company Eventbrite cut as many as 500 jobs Wednesday, roughly 45% of its total, while another 1,300 people were fired from Boston-based Toast Inc, a maker of software for restaurants. In February, Toast raised US$400mil (RM1.72bil) in new venture capital funding.
Limited time offer:
Just RM5 per month.
