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  • Genetic testing firm Invitae slashes 238 San Francisco jobs amid $1.3 billion loss
Unprofitable biotech co. Invitae lays off 238 San Francisco workers
Layoffs
Genetic testing firm Invitae slashes 238 San Francisco jobs amid $1.3 billion loss
Founder News Team Aug 22, 2026 0

Invitae is cutting 238 San Francisco jobs, a 15% staff reduction, as the genetic testing company confronts severe financial distress.…

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  • German startup cuts AI token costs 60% with €7M European-only data layer
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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.

Latest News
Charles Schwab conducting layoffs, shedding SF office space
Charles Schwab cuts jobs and Bay Area offices to save $500 million annually
Aug 22, 2026
Share a tip on a city break in Europe | Travel
Escape overtourism: Share Europe’s best hidden city breaks for £200
Aug 22, 2026
British school dropout-turned-AI chip founder becomes Europe’s youngest self-made billionaire
Dropout’s AI chip startup triples valuation to $3 billion in six months
Aug 22, 2026
amber team
German startup cuts AI token costs 60% with €7M European-only data layer
Aug 22, 2026
New EU rules on sharing of digital evidence put Ireland at centre of crime investigations – The Irish Times
Ireland Becomes Europe’s Digital Crime Evidence Hub Under New EU Deadline Rules
Aug 22, 2026
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