Kickstarter loses nearly 40 percent of its workforce after layoffs and buyouts

Photo by Amelia Holowaty Krales / The Verge

Crowdfunding platform Kickstarter is the latest company to resort to layoffs during the economic downturn caused by the coronavirus pandemic. The company filed a regulatory notice in New York last week revealing it had laid off 25 employees, or about 18 percent of its workforce. But Kickstarter tells The Verge its workforce reduction is more than twice that, as close to 30 employees decided to take voluntary buyouts as negotiated between the company’s management and Kickstarter’s employee union.

“The filing is correct, however, it does not reflect an international employee that was affected, nor does it take into account further staff reduction via the voluntary buyouts offered to staff. In total, we’ll see a 39 percent reduction in…

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via The Verge – All Posts

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