Insiders describe whiplash as $3 billion Carta cropped its revenue goal but kept hiring, then cut 16% of its staff as COVID-19 ravaged startups

Business Insider

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· Carta laid off 161 employees in mid-April as layoffs spread through Silicon Valley, but the cuts had more to do with recession preparedness than a direct hit from the coronavirus.
· In the weeks before the layoffs, Carta cut its revenue projection for 2020. One person said it went from around $200 million to between $125...

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