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THIS WEEK'S TOP STORIES

Filings: Microsoft job cuts in Seattle area reach 2,184 people, as part of 10,000 layoffs globally

Microsoft gave layoff notices to another 689 people at its Redmond, Wash., headquarters and nearby cities, according to a filing made public by the Washington state Employment Security Department on Monday afternoon.

Seattle VC firms tell startups to assess positions with Silicon Valley Bank amid funding concerns

Follow-up: Regulators close Silicon Valley Bank in stunning downfall for financial mainstay of tech industry Venture capital firms in Seattle are advising portfolio companies to reconsider their positions with Silicon Valley Bank amid potential funding troubles at the tech-focused bank.

Regulators close Silicon Valley Bank in stunning downfall for financial mainstay of tech industry

The rapid collapse of Silicon Valley Bank culminated Friday with news that the California Department of Financial Protection shut down the 40-year-old firm and turned it over to the Federal Deposit Insurance Corporation.

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Deloitte Technology Fast 500: Pacific Northwest CEOs share their journeys to join the nation’s fastest-growing tech companies

The Pacific Northwest’s presence on Deloitte’s ranking of the 500 fastest growing tech companies in the nation is expanding. 27 of our region’s startups made the list in 2022, with 3-year growth rates from 242% to 9,154%! See the list, and listen to a panel featuring 3 CEOs of local winners. Learn about their inspiring journeys plus hear advice for sustaining growth in a very challenging business environment.

Access the list and panel discussion here.

Tech Moves: Former Expedia leader joins Peerspace; Flexport adds another Amazon exec

— Former Expedia executive Preethi Ramani was appointed chief product officer of Peerspace, a San Francisco-based marketplace for hourly venue rentals.

Silicon Valley Bank’s collapse is an ‘absolute meltdown’ of unparalleled scale for many in tech

What was previously a point of pride on Silicon Valley Bank’s website now reads like a warning sign: nearly half of U.S.

Godspeed, Stoke Space! Rocket startup gets John Glenn’s launch pad at the Cape

Kent, Wash.-based Stoke Space says it’s won the go-ahead to take over the Florida launch complex where John Glenn began the trip that made him the first American in orbit in 1962.

‘It’s war. It’s real. Real people die.’ Tech company grapples with loss of colleague in Ukraine

Software engineering company Akvelon, based in Bellevue, Wash., is mourning the loss of a colleague who was killed while serving in Ukraine’s defense against Russia’s war.

Dancing with the cloud: Amazon Web Services CEO Adam Selipsky takes steps to fight homelessness

There’s no dancing around the seriousness of the homelessness crisis in Seattle.

Zulily lays off employees for the second time in a year amid revenue declines

Zulily laid off an undisclosed amount of corporate employees as the Seattle-based online retailer and its parent company Qurate navigate declining revenue.

Biotech giant Moderna will open tech office in Seattle, plans to hire up to 220 workers

Cambridge, Mass.-based biotech company Moderna is opening an office in Seattle to build up its tech capacity, the company announced Friday morning.

Healthcare company Accolade lays off workers and closes offices

Seattle and Philadelphia area-based primary healthcare company Accolade is cutting its workforce and closing or reducing some facilities, according to a recent regulatory filing.

Giant sailing yacht linked to Jeff Bezos spotted undergoing sea trials

A giant sailing yacht rumored to have been built for Amazon founder Jeff Bezos has been spotted undergoing sea trails.

Tech startup leaders concerned about making payroll following Silicon Valley Bank closure

Simply meeting payroll was likely not atop the to-do list for most founders earlier this week.

Lessons from WaMu: Historic financial failure offers clues to what’s next for Silicon Valley Bank

The government takeover and subsequent acquisition of Washington Mutual in 2008 could serve as a potential blueprint for the future of Silicon Valley Bank.

Seattle-area startup using AI for mental health screening tech raises $8M

The news: Seattle-area healthcare startup Aiberry raised $8 million for its AI-powered software that analyzes audio, visual, and language from a short conversation to screen for mental health conditions.

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GeekWire's Most-Read Stories of the Week

THIS WEEK'S TOP STORIES

GEEKWORK: TODAY'S TECH JOBS

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The latest on Silicon Valley Bank's stunning collapse

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