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Startups

Tech startup layoffs top 20,000 amid big funding chill

Jobs lost reach 2-year high as venture capital funding dries up

U.S. startup Reef Technology, which counts the SoftBank Vision Fund among its investors, is laying off 750 workers.
TAKENORI MIYAMOTO and KAZUYUKI OKUDAIRA, Nikkei staff writers | U.S.

NEW YORK/PALO ALTO, U.S. -- Layoffs at tech startups across the world have surged to a level not seen in over two years, underscoring a fundraising landscape that is no longer awash in venture capital money.

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