What our Analysts Have Been Reading….
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
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.
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.”
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.
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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