Archive for March 2023
Months after completing new HQ move, Klaviyo cuts 140 roles
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
Read MoreWu moves to adopt new building code to reduce emissions
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
Read MoreViewpoint: Protecting all bank depositors will cost almost everyone
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
Read MoreSomerville Starbucks workers walked out after union T-shirt dispute
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
Read MoreQuestions swirl around Silicon Valley Bank sale ahead of Friday auction deadline
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
Read MoreSilicon Valley Bank swag is up for grabs
Banking is a highly regulated industry. Selling corporate swag of a defunct bank is not. Read More
Read MoreState’s first cannabis receivership, selloff shows lack of options for struggling businesses
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
Read MoreInno Madness update: Time to vote for the quarterfinalists
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
Read MoreGE Aerospace will power Saudi Arabian airlines’ fleet of 121 Boeing aircraft
Jet engines from GE Aerospace will power $37 billion worth of aircraft purchased by two Saudi Arabian airlines. Read More
Read MoreSilicon Valley Bank fallout spells additional trouble for commercial real estate industry
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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