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Boston-based remote notarization startup Notarize has laid off 110 of ~440 employees, or 25% of its workforce; Notarize was valued at $760M…

Mary Ann Azevedo / TechCrunch: Boston-based remote notarization startup Notarize has laid off 110 of ~440 employees, or 25% of its workforce; Notarize was valued at $760M in March 2021 — Notarize, a startup that offers remote online notarization services, has let go of 110 people - or 25% of its workforce. Mary Ann Azevedo / TechCrunch: Boston-based remote notarization startup Notarize has laid off 110 of ~440 employees, or 25% of its workforce; Notarize was valued at $760M in March 2021 …

Keel laid for US Navy’s next-generation nuclear missile submarine

The construction of America's next-generation strategic nuclear missile submarine has formally begun as the keel was ceremonially laid for the future USS District of Columbia (SSBN 826) at Electric Boat's facility in Quonset Point, Rhode Island.Though the first steel for the Columbia-class submarines was cut in 2019, the keel laying by the General Dynamics subsidiary, when large sections of the bottom of the vessel are laid down on blocks in the dock as assembly begins, marks a milestone. For submarines, this is purely…

Bolt Loaned Employees Thousands to Buy Stock—Then Laid Them Off

In late May, employees of the fintech startup Bolt saw a message from their CEO on the company’s Slack. It warned them that “restructuring” was coming, and they should look out for a calendar invitation: One group would join a meeting with human resources, meaning they were being laid off, while another would go to a “town hall,” meaning they still had a job.By the end of the day, 250 employees—nearly one-third of the company—had been let go. The mood was sour. Among the bitterness and anger, some employees simply felt…

Lil Keed Laid to Rest at Funeral Service in Atlanta

Following his untimely death earlier this month, Young Stoner Life Records rapper Lil Keed was laid to rest in a funeral service attended by friends and family.As shown through social media posts shared by those close to the rapper, who died at just 24 earlier this month, his funeral was hosted in Atlanta on Wednesday with the pallbearers dressed in all white. Keed’s death was reported earlier this month and confirmed by his record label. Lil Gotit was among the first to break the news.While a cause of death has yet to be…

Netflix Says It Laid Off 2 Percent Staff Due to Slowing Revenue Growth, Loss of Subscribers

Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service."These changes are primarily driven by business needs rather than individual performance, which makes them especially tough, as none of us want to say goodbye to such great colleagues," a spokesperson told AFP.About 150 employees have been laid off, most of them in the United States, the spokesperson said, adding that Netflix also cut spending on contractors.The…

The company behind celebrity cameo videos has laid off a quarter of its workers

Cameo, the company that lets you pay a celebrity to record a custom message or hop on a video call with you, has announced that it’s laying off 87 people, or around a quarter of its staff, according to The Information. According to the report, employees got the news at an all-hands meeting on Wednesday. The company’s co-founder and CEO Steven Galanis says the layoffs are a “course correction” after Cameo grew massively during the pandemic. The company went “from just over 100 to nearly 400” employees during lockdown,…