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LayoffsNewsTheRealDeal

TheRealDeal-3D virtual reality firm Matterport lays off a third of staff11561

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DanSmigrod private msg quote post Address this user
TheRealDeal (17 April 2020) 3D virtual reality firm Matterport lays off a third of staff - VC-backed company, which has raised $155M to date, attributed the move to fallout from the coronavirus

"Even with real estate agents now relying on virtual showings, the 3D video company Matterport has cut one-third of its staff," reports TheRealDeal. "The Sunnyvale, Calif.-based company has slashed 90 jobs, according to the Silicon Valley Business Journal, attributing the layoffs to fallout from the coronavirus pandemic."

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Silicon Valley Business Journal: SVBJ: Matterport Lets Go 90 job: one-third of Matterport Employees
Matterport Employees Seeking New Jobs as a Result of Layoffs

Your thoughts?

Dan
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Garnetwest private msg quote post Address this user
This is a terrible time for even some of the strongest companies around the world. I can't say that I'm surprised by the action that they've taken....and its likely going to help the company stick around a bit longer than if they hadn't. Hopefully when things blow over, folks will be able to get their jobs back!
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ron0987 private msg quote post Address this user
Just a question and a thought now that they laid off that many of their staff does that make them eligible for federal relieve money. If they use the language that layoffs were for covid reasons.
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Hopscotch private msg quote post Address this user
Wow.
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Garnetwest private msg quote post Address this user
Quote:
Originally Posted by ron0987
Just a question and a thought now that they laid off that many of their staff does that make them eligible for federal relieve money. If they use the language that layoffs were for covid reasons.

Yes. Although the $349 billion allocated by Congress for the SBA has already been spent.
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pixelray private msg quote post Address this user
Well...should make for a smooth rollout to the new takeover!
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