Rapid continues downsizing efforts, lays off additional 70 workers

The US-based startup Rapid (beforehand referred to as RapidAPI), which constructed out an API (Application Programming Interface) market, has laid off one other 70 staff lower than two weeks after letting go of fifty per cent of its employees, the media reported.

According to TechCrunch, citing sources, solely 42 folks stay on the firm, down from 230 in April, representing an 82 per cent lower in headcount.

The newest spherical affected all the firm’s remaining staff in Europe, in addition to some within the US.

Moreover, the report mentioned that the layoffs had been “rushed and messy”, with “no support being offered” and, in some instances, incorrect terminations issued earlier than being rescinded.

In November final 12 months, RapidAPI introduced it had rebranded to Rapid and that greater than 4 million builders used its public API hub.

Rapid was based in 2015 by then-17-year-old Iddo Gino to assist companies discover and combine third-party APIs and handle their inside API utilization.

Meanwhile, e-commerce platform Shopify has introduced to put off 20 per cent of its workforce which can affect greater than 2,000 folks.The firm additionally introduced that the American multinational company Flexport will purchase Shopify Logistics.

“Shopify will be smaller by about 20 per cent and Flexport will buy Shopify Logistics; this means some of you will leave Shopify today. I recognise the crushing impact this decision has on some of you, and did not make this decision lightly,” mentioned the corporate’s CEO Tobi Lutke.

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