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Articles Tagged:

staff cuts

24

Evernote cuts 15% of its staff after committing 'too many resources too quickly'

According to a report by TechCrunch, Evernote has just cut 15% of its staff, totaling 54 employees. In a follow-up blog post by CEO Chris O'Neill, this is because the company "committed too many resources too quickly" in its "incredibly aggressive goals." Whatever the cause, combined with the recent mass-departure of executives and O'Neill's vocal focus on self-sufficiency, it's hard not to be concerned with the company's future.

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12

Sphero forced to make staff cuts following disappointing holiday sales

Interactive toy-maker Sphero appeared to all the world as though it was in fine shape as the holiday season approached last year. Thanks to licensing deals with Disney and Marvel spawning a range of remote control Star Wars robots and an app-enabled Spider-Man toy, the company's product portfolio burgeoned in 2017. The more affordable Sphero Mini came out towards the end of the year but apparently wasn't enough to ensure decent holiday sales numbers. As a result, staff cuts have been made and Sphero will release products at a slower rate in 2018.

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