We are excited to host our first virtual pitch showcase on Thursday, April 9th. Submissions are open for company nominations to present at the live event. We are looking for Southern California startups in any industry — especially companies that will have a positive impact on the current COVID-19 climate. Submissions will be evaluated on a rolling basis.
Anna Barber, Managing Director at Techstars LA & Partner at The Fund and Spencer Rascoff, Co-Founder, Executive Chairman at dot.LA will be judging the competition. Nominate your company here >>
ZipRecruiter Slashes Staff by 39% as Job Market Seizes – a Telling Sign as Nation Slides Into Recession
ZipRecruiter, one of the nation's largest websites connecting companies with jobseekers, has slashed nearly 40% of its own staff as the economy buckles in the fallout of the coronavirus crisis that's upended both Wall Street and Main Street.
The Santa Monica-based company cut 492 employees on Friday, with about 49 of them furloughed with only their healthcare benefits and the hope that the company will make good on its intention to bring them back, sources told dot.LA. The biggest hit was at ZipRecruiter's office in Tempe, from its sales team.
Six Los Angeles area startups made venture capital firm Andreessen Horowitz's ranking of the top 100 largest and fastest-growing consumer startups and private companies.
Topping the rankings were some of the usual suspects, including Airbnb, Doordash, Postmates, and Instacart. The VC firm labeled them as "some of the most impactful companies in the word economy."