TechnologyUS
Techstars Layoffs
August 2024
Techstars announced a layoff affecting 17 employees (17% of its workforce) in August 2024. The company operates in the Technology sector.
People Affected
17
Percentage
17%
Announced Date
Aug 7, 2024
About
Techstars is laying off 17% of its workforce, citing overbuilding and overhiring, with most cuts in engineering, support services, and sales/partnerships. The layoffs follow a 7% reduction in January and coincide with the end of its J.P. Morgan-backed AdvancingCities program, which is shutting down after the fund is deployed by year-end.
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