Breaking: Casper lays off 78 corporate employees, winds down Europe business

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The embattled mattress startup is the latest brand to announce layoffs during the COVID-19 crisis, releasing a third of its HQ staff and closing its Europe business. Casper is the latest direct-to-consumer startup to announce significant layoffs in the midst of the COVID-19 crisis. Today, the six-year-old brand laid off 78 employees from the corporate team, which makes up 21% of its total corporate workforce. The company is also winding down its European operations and its 31-person headquarters in Germany, according to a person familiar with the matter. The other employees who were laid off came from various departments, including marketing and product development. According to a statement from the company, this will result in “more than $10 million in annualized savings, and are part of the company’s overall focus on achieving profitability.” Greg Macfarlane, Casper’s CFO and COO, will depart the company in May. Read Full Story

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Now you can share your Netflix account just by sending a link

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DoNotPay lets you share subscriptions without exposing your passwords. DoNotPay is a startup that seems to delight in corporate trolling. Among its patchwork of services are a virtual credit card that can generate endless free trials, a fast food receipt scanner that automatically fills out surveys for free food, and an automated complaint system that secures reimbursements for shoddy in-flight wi-fi. Read Full Story

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