“As of late Tuesday, more than 5,000 startup employees are out of a job as the coronavirus wreaks havoc on the economy. (…) For now, the layoffs are affecting largely companies with a high cash-burn rate (…) or companies that haven’t raised money in the last year or two (…) and thus lack a big cash cushion, or both. But many industry watchers expect the job cuts to spread as the lockdown continues.”

(Source: Bloomberg)