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Dec 21, 2019

Vicis lays off more than 100 employees in latest blow to troubled football helmet maker

Seattle startup Vicis officially eliminated the jobs of more than 100 employees on Friday, including its interim CEO, in the latest sign of problems at the high-tech football helmet maker. Previously, the company had furloughed employees, putting a majority of its 110-person staff on temporary leave while its board explored options including a potential sale. But in an employee webinar on Friday, the company informed employees that they are being officially let go, GeekWire has learned. It’s the most significant sign of problems yet at the startup, which has abruptly run out of cash after raising more than $85 million… Read More

Oct 04, 2019

Who is Maven? Seattle-based media company under microscope after Sports Illustrated layoffs

Facing protests against its plans to cut staff at Sports Illustrated, Seattle-based media startup Maven defended what it called efforts at “revitalizing and strengthening” the publication. The Wall Street Journal reported Thursday that 40 employees, or 20 percent of the workforce, were being cut from the iconic sports publication and that its new owner, Maven, would hire 200 contract workers to cover sports. The employees received the news from former owner Meredith, which said Maven had officially taken over Sports Illustrated and made the decision to cut staff. Earlier this year, Maven purchased the rights to publish Sports Illustrated from… Read More