{"id":9204,"date":"2020-05-04T20:40:00","date_gmt":"2020-05-04T20:40:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2540118"},"modified":"2020-05-04T20:40:00","modified_gmt":"2020-05-04T20:40:00","slug":"kickstarter-may-cut-up-to-45-percent-of-its-workforce","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/05\/04\/kickstarter-may-cut-up-to-45-percent-of-its-workforce\/","title":{"rendered":"Kickstarter may cut up to 45 percent of its workforce"},"content":{"rendered":"

The pandemic-related slump could hit particularly hard.<\/strong><\/p>\n

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Kickstarter has discussed layoffs<\/a> as the COVID-19 pandemic ravages its crowdfunding business, and it now looks like those job cuts may be particularly severe. In a message to Gizmodo<\/em>, the company has confirmed<\/a> plans to cut a large portion of its workforce after the OPEIU (the union representing Kickstarter employees<\/a>) said it had ratified a layoff agreement on May 1st. The union said layoffs could affect up to 45 percent of the workforce, according to a notice sent to Engadget, although Kickstarter disputes that number when it doesn’t factor in voluntary buyouts.<\/p>\n

The terms could ensure a relatively soft landing for those who leave. The arrangement provides four months of severance pay and either six (for those earning $110,001 or less) or four (for those above $110,001) months of healthcare coverage. They’ll be free to work for competitors the moment they accept severance, and they’ll have “recall rights” to return to Kickstarter if a job similar to theirs opens up within the next year.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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As with other tech industry layoffs<\/a> during the pandemic, this comes down to a matter of basic survival. It’s not clear when it’ll be safe for crowdfunding projects that depend on human-to-human interaction, and cuts like this may help Kickstarter endure that period of uncertainty.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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See Campaign: <\/strong>https:\/\/www.engadget.com\/kickstarter-new-projects-plunge-233748000.html<\/a>
Contact Information:<\/b>
JON<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n

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Contact Information:<\/h3>\n

JON<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The pandemic-related slump could hit particularly hard.   Kickstarter has discussed layoffs as the COVID-19 pandemic ravages its crowdfunding business, and it now looks like those job cuts may be particularly severe. In a message to Gizmodo, the company has confirmed plans to cut a large portion of its workforce after the OPEIU (the union representing Kickstarter employees) said it had … Continue reading Kickstarter may cut up to 45 percent of its workforce<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-9204","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"\nKickstarter may cut up to 45 percent of its workforce - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/05\/04\/kickstarter-may-cut-up-to-45-percent-of-its-workforce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kickstarter may cut up to 45 percent of its workforce - Business\" \/>\n<meta property=\"og:description\" content=\"The pandemic-related slump could hit particularly hard.   Kickstarter has discussed layoffs as the COVID-19 pandemic ravages its crowdfunding business, and it now looks like those job cuts may be particularly severe. 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