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Archive for March 2023

Months after completing new HQ move, Klaviyo cuts 140 roles

By | March 16, 2023

Months after completing a move to a new downtown Boston headquarters, marketing software firm Klaviyo joined the long list of tech companies cutting jobs in a realignment of their priorities. Read More

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Wu moves to adopt new building code to reduce emissions

By | March 16, 2023

While the code would allow for fossil fuel use in new construction, city officials are leaving the door open to a future ban. Read More

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Viewpoint: Protecting all bank depositors will cost almost everyone

By | March 16, 2023

Something had to be done to calm the psychology of all bank depositors across the world. So, the federal government stepped in with a directive. But is it good for the long term? Read More

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Somerville Starbucks workers walked out after union T-shirt dispute

By | March 16, 2023

A dispute over a Starbucks Workers United T-shirt has become the latest local flashpoint in a months-long battle between local Starbucks workers and management over their efforts to unionize. Read More

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Questions swirl around Silicon Valley Bank sale ahead of Friday auction deadline

By | March 16, 2023

Traditional lenders are reportedly being given an edge over private equity firms by regulators who would prefer to sell the bank to a single buyer rather than break it into pieces. Read More

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Silicon Valley Bank swag is up for grabs

By | March 16, 2023

Banking is a highly regulated industry. Selling corporate swag of a defunct bank is not. Read More

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State’s first cannabis receivership, selloff shows lack of options for struggling businesses

By | March 16, 2023

The state’s Cannabis Control Commission approved the acquisition of Ermont, Inc.’s assets last week, the first cannabis company to be liquidated through a court-appointed receivership—demonstrating what the fate of financially insolvent companies may look like in an industry where filing for bankruptcy is not an option. Read More

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Inno Madness update: Time to vote for the quarterfinalists

By | March 16, 2023

Here comes the last 16. The voting in round two of Inno Madness has drawn to a close, with nearly 3,000 votes cast by BostInno readers. Read More

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GE Aerospace will power Saudi Arabian airlines’ fleet of 121 Boeing aircraft

By | March 16, 2023

Jet engines from GE Aerospace will power $37 billion worth of aircraft purchased by two Saudi Arabian airlines. Read More

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Silicon Valley Bank fallout spells additional trouble for commercial real estate industry

By | March 16, 2023

The fallout from the collapse of Santa Clara, California-based Silicon Valley Bank and other lenders in recent days is rippling across the U.S. economy, including commercial real estate, a sector disproportionately reliant on the banking sector. Read More

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