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Technology Glitch lays off ‘substantial number of employees’ to cut costs

00:58  23 may  2020
00:58  23 may  2020 Source:   theverge.com

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Glitch laid off at least 18 employees in an effort to ensure "long term viability." The quirky coding platform led by CEO Anil Dash had recently launched Glitch said it had to “significantly cut operating costs ” due to market conditions. At least 18 people were laid off , according to two former employees

Post- layoffs , Atlantic Media will focus on growing subscriptions, setting a target of hitting 1 million paying customers by December 2022, according I had thought that I would spend some substantial part of this memo explaining the reasoning behind our decision. But, I think it may speak for itself.

Glitch laid off “a substantial number of employees” on Thursday in an effort to cut costs and ensure “long term viability,” the company confirmed in an email to The Verge. Glitch said it had to “significantly cut operating costs” due to market conditions.

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At least 18 people were laid off, according to two former employees who asked to remain anonymous. Glitch had about 50 employees before the layoffs, the sources said. Glitch declined to comment on how many employees were laid off. The company said it is offering “severance, health insurance, and support in finding new employment” to employees who were laid off.

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The burger chain is laying off 63 people at its company headquarters in Oak Brook, Ill., following a long sales slump that has left McDonald's scrambling Hopefully, these cost - cutting and quality-enhancing efforts will help McDonald's turn around its dismal sales in 2015. As of the chain's last monthly earning

Many former employees see job cuts as a way to keep promises about becoming profitable. We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising Uber’s talent directory — an idea borrowed from Airbnb, which also recently made substantial job cuts

Glitch CEO Anil Dash tweeted that the layoffs came as a result of being a “small company in a fiercely competitive space in a tough economy.”

Glitch is a coding platform that launched in 2017 under what was then known as Fog Creek Software. The platform has a quirky look and emphasizes its ease of use — anyone is supposed to be able to jump in, remix someone else’s code, and launch a bite-sized app that will run on Glitch’s servers.

The service has been completely free to use nearly all of the past three years, though. It wasn’t until one month ago — about a month into the pandemic — that Glitch launched a subscription service, offering users the ability to pay $10 per month for expanded capabilities. The service had a slow start, according to both sources, with one describing the launch as “underwhelming.”

In March, Glitch employees voted to form a union under the Communications Workers of America, making them one of the first tech companies to organize. Glitch agreed to voluntarily recognize the union, but the union had not yet negotiated a contract with the company. The Verge has reached out to the union for comment.

Glitch raised $30 million in funding in 2018. It said the funding would allow the company to “build the kind of platform and community that fits” its ambitious vision.

Dispute over inheritance reduces inheritance tax .
© INA FASSBENDER If you lose a legal dispute over a supposed part of your inheritance, you can at least deduct the costs from the rest of your inheritance to reduce your taxes. Even then, these are deductible so-called estate liabilities, as the Federal Fiscal Court decided. If you lose a legal dispute over a supposed part of your inheritance, you can deduct the costs from the rest of your inheritance to reduce your taxes.

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