What our Analysts Have Been Reading….
Overview
Carta Lays off 10% of Staff
Whoop Cuts 4% of its Workforce
Instacart to Pay $5.25M Settlement
Impossible Foods Hires its First Chief Demand Officer
Newsela Appoints New CEO
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Carta Lays off 10% of Staff: The layoff was attributed to the pain seen across the entire tech and venture ecosystem. Carta announced the same day that it would also be suing its former CTO.
https://techcrunch.com/2023/01/11/carta-lays-off-10-as-cto-lawsuit-looms/
Whoop Cuts 4% of its Workforce: Whoop’s layoffs are focused on its B2B service, Whoop Unite, which was launched last June. The company claims to be “sharpening its focus.”
https://www.businessinsider.com/whoop-layoffs-wearables-startup-enterprise-sales-unit-2023-1
Instacart To Pay $5.25M Settlement: The settlement between Instacart and San Francisco will be paid out to the company’s drivers for allegedly failing to provide benefits, including health care and sick leave.
https://www.sfchronicle.com/sf/article/instacart-worker-benefits-settlement-17711901.php
Impossible Foods Hires its First Chief Demand Officer: Sherene Jagla has been hired as Chief Demand Officer following the company’s expectations of high growth in 2023. The company says it saw more than 50% growth in dollar sales in 2022.
Newsela Appoints New CEO: Newsela named Pep Carrera as its new CEO. Carrera has significant experience in the EdTech space and recently served as CEO of Nearpod.
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