Author: Taylor Lyles
Image: Yelp
Yelp laid off 1,000 employees and furloughed an additional 1,100 workers today as it struggles with reduced spending from restaurants.
Yelp co-founder and CEO Jeremy Stoppelman sent out an email to employees on Thursday announcing that, due to the impact of the pandemic, the company would need to decrease the number of employees through a combination of layoffs and furloughs. At the same time, some of its staff would have its work hours reduced. Yelp declined to comment on which of its employees were affected by the workforce reduction.
Stoppelman will not take a salary or vest any of his 2020 stock
“Yelp connects people with these great local businesses,” Stoppelman said in the company-wide email. “These businesses are understandably...
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Yelp laid off 1,000 employees and furloughed an additional 1,100 workers today as it struggles with reduced spending from restaurants.
Yelp co-founder and CEO Jeremy Stoppelman sent out an email to employees on Thursday announcing that, due to the impact of the pandemic, the company would need to decrease the number of employees through a combination of layoffs and furloughs. At the same time, some of its staff would have its work hours reduced. Yelp declined to comment on which of its employees were affected by the workforce reduction.
Stoppelman will not take a salary or vest any of his 2020 stock
“Yelp connects people with these great local businesses,” Stoppelman said in the company-wide email. “These businesses are understandably...
Continue reading…
Continue reading...