“I literally went from worrying about how I was ever going to save for a deposit, to taking home almost twice as much after tax as I was making in my previous role,” explains Samuel*, who, for reasons that will soon become obvious, has chosen not to use his realContinue Reading
One of Australia’s richest people has taken control of an ambitious green energy project after falling out with one of Australia’s other richest people. Mike Cannon-Brookes, the co-founder of software giant Atlassian, now runs the Sun Cable solar export project after a financial tussle with Andrew “Twiggy” Forrest who madeContinue Reading
It was once hailed as Silicon Valley’s most valuable start-up – worth a whopping $US95 billion ($A124 billion) – but payment giant Stripe has been forced to slash billions from its record valuation. The company just raised $US6.5 billion ($9.7 billion) in funding at a $US50 billion ($A75 billion) valuationContinue Reading
Yet another technology firm has become the latest casualty in the “tech wreck” wreaking havoc across the sector amid harsh market conditions. On Thursday, ASX-listed software firm Xero announced that it was going to reduce its headcount by 700 to 800 roles. The company’s CEO Sukhinder Singh Cassidy said theContinue Reading
Another Australian start-up has joined the growing list of casualties in the tech sector as it was forced to lay off staff. On Monday, the CEO of Sydney tech company Kinde revealed to news.com.au that he had to make eight staff redundant. It represented about 28.5 per cent of theContinue Reading