AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Startup Europe — The Sifted Podcast
More layoffs at European scaleups as the tech slowdown bites
Nov 30, 2023
This week's podcast discusses layoffs at Micromobility giant Tier and edtech Multiverse, Cradle's $24m Series A funding for AI biotech, the top takeaways from Atomico's State of European Tech report, and the lack of investment announcements from the European Investment Fund's fund of funds.
26:10
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Multiverse, an edtech company, is laying off a third of its US staff due to underperformance in the US market, while Tier, a micro-mobility platform, is laying off 22% of its workforce but has achieved profitability in the last five months.
- Cradle, a Dutch biotech startup, has raised $24 million in a series A investment round to scale up its generative AI biotech business, which significantly reduces research and development time and costs in the biotech industry.
Deep dives
Layoffs at European scale-ups: Multiverse and Tier
London-based edtech company Multiverse and German micro-mobility platform Tier both announced layoffs this week. Multiverse, founded by the son of former UK Prime Minister Tony Blair, will lay off up to a third of its US staff due to underperformance in the US market. Tier, a popular e-bike and e-scooter rental company, will lay off 22% of its workforce. Despite the layoffs, Tier's CEO mentioned improvements in their EBITDA and achieving profitability in the last five months.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode