Like many companies during the outbreak, Kickstarter, a well-known crowdfunding platform, has made job cuts to ease the pressure on operations. The company filed a regulatory notice in New York last week showing it had cut 25 jobs, or about 18 per cent of its workforce.
But Kickstarter later revealed to the media outlet The Verge that the actual number of job cuts was more than double that of the documents. Because 30 employees decided to voluntarily participate in the Voluntary Buyouts program in consultation with the company’s management and the Kickstarter employee union.
A spokesman for Kickstarter told The Verge: “The number of redundancies in this document is correct, but it does not really reflect the impact of employees in the international sector, nor does it take into account the number of employees who have voluntarily left. Overall, we’ll see a 39% reduction in employee smaller staff. Most of those who leave opt for a voluntary separation option, and those affected will remain in office through this week’s transition period. “
Business Insider first reported the layoffs on Wednesday. The Verge reported last month that Kickstarter CHIEF executive Aziz Hasan had informed employees in an internal memo that the layoffs were imminent. At the time, Hasan said new projects on the platform had fallen by 35 percent, “showing no clear signs of rebounding.” “
As part of the deal, Kickstarter eventually offered a severance package for departing employees, including four months’ salary, four months of health insurance for employees earning more than $110,001 a year, six months’ health insurance for employees earning less than $110,001 a year, the cancellation of any competing bans that had been signed, and the opportunity to rejoin the company if they re-started within a year.