Kickstarter is laying off almost half of its employees thಌanks to a significant reduction in fundraising projects.
The coronavirus pandemic has wreaked economic havoc 𒀰on this company and so many others, and with no indication of an end-date to the global crisis said c😼ompanies are having to make tough decisions.
Kickstarter’s David Gallagher that “while people are contin🍎uing to support live projects on Kickstarter as normal, the COVID crisis has led to a 35% drop in live projects from a year ago.” And seeing as fees placed on funded Kickstar🔯ter projects are the only source of income for the staff, this has left the company without a large chunk of its usual revenue.
The result was Ki🐎ckstarter's CEO Aziz Hasan announcement o♐f of employees.
This decision will undoubtedꦐly have lasting personal and professional repercussions. However, there are at le💦ast a few terms settled upon after negotiations with the OPEIU - to which Kickstarter employees belong - that will help ease the transition of the workers being laid off.
That includes "four months’ reverence, up to six months’ he🐻alth insurance, and the possibility to ability to return to their current roles within a year if the company is in a position to hire for them."
"We believe this agreement offers security to thos💛e we are letting go, and ensures Kickstarter can weather this crisis and serve its mission,” says Gallagher.
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