Techstars Implements Workforce Reductions and Concludes Major Initiative
In a significant move, Techstars has announced the reduction of its workforce by 17%. This decision comes alongside the conclusion of its Advancing Cities Program, which received substantial backing from J.P. Morgan to the tune of $80 million. The program will be fully wrapped up once all available funds have been allocated.
This strategic shift marks a noteworthy pivot for Techstars as it seeks to streamline operations and focus on core initiatives moving forward.
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