Archive for June 2020
Netflix pledges $100M to financial groups supporting Black communities
Netflix follows in the footsteps of CEO Reed Hastings, who, with wife Patty Quillin, pledged $120 million in mid-June to support institutions dedicated to educating people of color.
400 more jobs cut at SoftBank-backed construction unicorn
The cuts affect about 7 percent of the employees at the Menlo Park-based company that last month replaced founding CEO Michael Marks with Paul Kibsgaard, the former CEO of oil services firm Schlumberger.
Uber dangles buyout offer at Postmates
But the the ride-hailing and delivery behemoth faces competition from a company that could take Postmates public.
California farmers receive $232 million from federal Covid-19 relief program so far
While California farmers may stand to lose up to $8.6 billion due to Covid-19, so far a federal program designed to compensate growers for their losses has only paid out $232 million.
California’s economic development office awards $73.5M in tax credits for high-growth companies
GO-Biz offers future California tax credits as an economic development incentive to companies that pledge to invest in California facilities and to add new employees.
Oakland tech startup raises cash, becomes unicorn amid Covid-19
The company plans to go on a hiring spree for engineers and sales reps.
Folsom eatery closes temporarily after worker’s positive Covid-19 test
When the business eventually reopens, employees will be required to test negative for Covid-19 before returning to work.
#WFH Chronicles: Guilt is in the house
It’s been three months since this #WFH adventure started. Are you feeling guilty? I am.
Prolific commercial real estate broker Jason Gallelli dead at 51
Jason Gallelli, a prolific commercial real estate broker in retail and the president at the brokerage bearing his family’s name, died suddenly on Sunday, Gallelli Real Estate announced. He was 51.
Genentech wins FDA OK for at-home combo of 2 marquee cancer drugs
Genentech did not disclose a price for the drug, a new combination of its legendary drugs Herceptin and Perjeta using time-saving injection just below the skin.