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  • Upwork posts $28M profit while axing 21% of workforce
Bay Area tech company announces $28M profit, slashes staff by 21%
Layoffs
Upwork posts $28M profit while axing 21% of workforce
Founder News Team Aug 28, 2026 0

Upwork announced a 21% workforce reduction, about 160 jobs, despite a $28 million quarterly profit on $194 million in revenue.…

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‘Walk on water’ or return to the office, Bay Area tech CEO says
Layoffs
Broadcom CEO Scraps Remote Work After $69 Billion VMware Takeover
Founder News Team Aug 26, 2026 0

Broadcom has confirmed 1,267 layoffs at VMware’s Palo Alto operations, with terminations set for January 26, 2024, following its $69…

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Struggling Bay Area tech company lays off hundreds of workers
Layoffs
Chegg slashes 441 jobs as ChatGPT decimates its homework empire
Founder News Team Aug 26, 2026 0

Chegg is laying off 441 employees, nearly 25% of its workforce, as the education technology company struggles against free AI…

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Biotech giant Gilead lays off 104 from Bay Area HQ, including execs
Layoffs
Gilead slashes 104 Bay Area jobs, axing six vice presidents
Founder News Team Aug 24, 2026 0

Gilead Sciences is eliminating 104 positions at its Foster City headquarters, including five vice presidents and a senior vice president,…

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Near-bankrupt Bay Area tech company once worth $9B plots 290 layoffs
Layoffs
SunPower’s collapse threatens 290 California jobs as solar pioneer nears bankruptcy
Founder News Team Aug 14, 2026 0

A solar industry pioneer is on the verge of bankruptcy, putting 290 California workers at risk. SunPower's financial unraveling signals…

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Luxury Bay Area carmaker Lucid to lay off 18% of staff
Layoffs
Lucid Slashes Entire Arizona Production Shift and COO Role After $15.6 Billion Deficit
Founder News Team Aug 10, 2026 0

Lucid just eliminated an entire production shift and dissolved its COO position following staggering financial losses in the billions. The…

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Calif. tech giant Qualcomm lays off 1,250 workers, 194 in Bay Area
Layoffs
Smartphone Slump Forces Qualcomm to Ax 1,250 Workers Including Senior Executives
Founder News Team Aug 10, 2026 0

Qualcomm is shedding 1,250 jobs, and this time the cuts are climbing all the way into the executive ranks. The…

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Bay Area biotech firm once worth more than $3B lays off 30% of staff
Layoffs
Biotech Firm Once Valued at $3 Billion Slashes 30% of Workforce to Stay Afloat
Founder News Team Aug 10, 2026 0

A biotech unicorn is eliminating nearly a third of its staff just to keep the lights on. The layoffs signal…

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Google lays off hundreds in Bay Area, shuts child care center
Layoffs
Google Slashes Hundreds of Jobs and Shuts Its Child Care Center
Founder News Team Aug 9, 2026 0

Google just laid off hundreds of employees and permanently closed its on-site child care facility for Bay Area workers. The…

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Tech company ditches Bay Area office, moves HQ to Texas
Layoffs
Solar Shingle Maker GAF Energy Shutters San Jose Plant, Axes 138 Jobs for Texas
Founder News Team Aug 8, 2026 0

A residential solar company is dismantling its Silicon Valley production line and moving operations to Texas, cutting 138 California jobs…

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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

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