Many high-profile startups have been hit arduous by the COVID-19 pandemic shutdowns. Large layoffs have occurred throughout many sectors with few startups unscathed.
The graphic under illustrates how coronavirus has precipitated most startups to layoff staff with no promise of jobs being obtainable after the specter of coronavirus is gone.
One-third of the recognizable manufacturers examined have laid off 44% or extra of their staff. Deliv has laid off all of its staff and Fly has let 98% of its workforce go.
Uber has laid off 6,700 employees, which is 25% of its staff. Groupon is shedding 2,800 employees, probably the most of any privately-owned startup.
Vaping system firm Juul has laid off 900 staff and is closing operations in South Korea. The corporate may also cut back manufacturing in France, lowering its workforce by 30 p.c. Vaping was already getting dangerous press earlier than the coronavirus pandemic began and hypothesis within the media a couple of attainable connection between COVID-19 and vaping has additional harm the corporate.
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