If some companies like Netflix or other Internet players are taking advantage of the Covid-19 crisis, others like Kickstarter are accusing the blow, reports The Verge . The crowdfunding platform sees its revenues melt because of the drop in projects posted by Internet users, the only sources of remuneration for the company.
Aziz Hasan, the boss of the company, did not conceal the economic problems which his company encounters, in a letter sent to its 140 employees, in April, and which the American media obtained. “The number of projects is about 35% lower than it was at the same time last year, with no clear signs of rebound. Consequently, the volume of our pledges and our income are also dropping sharply, "said the official. Result: job cuts are currently being considered.
A signed redundancy plan
At the beginning of May, the Office and Professional Employees International Union (OPEIU), the union that represents 60% of employees, issued a press release in which it said that an agreement on a redundancy plan had been reached. Employees targeted by this departure plan will be able to obtain four months' termination indemnity, with the release of the non-competition clauses. The company will continue to cover health care for workers made redundant for up to six months depending on salary.
According to the majority union, 45% of employees could be affected. The group's spokesperson, interviewed by The Verge , did not confirm this.
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- Covid 19
- Crisis
- World
- Coronavirus
- Crowdfunding
- Dismissal
- Kickstarter