Like many businesses, Kickstarter isn’t in good shape these days:
Crowdfunding platform Kickstarter is the latest company to resort to layoffs during the economic downturn caused by the coronavirus pandemic. The company filed a regulatory notice in New York last week revealing it had laid off 25 employees, or about 18 percent of its workforce. But Kickstarter tells The Verge its workforce reduction is more than twice that, as 30 employees decided to take voluntary buyouts as negotiated between the company’s management and Kickstarter’s employee union.
“The filing is correct, however, it does not reflect an international employee that was affected, nor does it take into account further staff reduction via the voluntary buyouts offered to staff. In total, we’ll see a 39 percent reduction in staff,” a Kickstarter spokesperson tells The Verge. “The majority of those leaving chose voluntary separation packages, and everyone affected is staying on through this week through the transition.”
On the positive side, it’s cool to see interesting wearables projects that have launched in response to the COVID-19 pandemic.
I hope Kickstarter doesn’t go away. From a quick scan through the site, there looks to still be a lot of interesting projects launching on their platform.