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Y Combinator cuts nearly 20% of staff, scales back growth stage investments

March 13, 2023

Y Combinator will be writing less checks toward late-stage companies, a scale back that also cost 17 team members – or roughly 20% of the accelerator’s employees – their jobs, according to a statement released on Monday. The accelerator told TechCrunch that Silicon Valley Bank’s failure was not a factor and that they have been […]

Y Combinator cuts nearly 20% of staff, scales back growth stage investments by Natasha Mascarenhas originally published on TechCrunch

Volkswagen and PowerCo to build North American battery factory in Canada

March 13, 2023

Volkswagen Group and its battery company PowerCo have picked Canada for its first overseas battery cell factory. The plant, located in St. Thomas, Ontario, will produce battery cells beginning in 2027, according to the German automaker. PowerCo, a VW company that launched in July 2022, will handle the automaker’s global battery business including sourcing raw […]

Volkswagen and PowerCo to build North American battery factory in Canada by Kirsten Korosec originally published on TechCrunch