Kickstarter is laying off 18% of its workforce as crowdfunding projects plummet during the pandemic
Kickstarter is laying off 25 employees, nearly 18% of its 140-person workforce, due to the economic fallout from the coronavirus pandemic,The notice indicates the layoffs will go into effect starting Friday, citing "unforeseeable business circumstances prompted by COVID-19."
In April, CEO Aziz Hasan told employees in an internal memo that the crowdfunding platform had seen projects drop by 35% from the same time a year earlier and, despite having taken several cost-cutting measures already, that it was considering layoffs,As part of a deal reached earlier in May between Kickstarter's union and the company, employees being let go will receive athat includes: four months' pay, four months of healthcare coverage for employees who make more than $110,001 and...
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