Private Companies Show Signs of Stress

A rash of startups funded by hedge funds and venture capital funds have announced major layoffs.

John Taggart/Bloomberg

John Taggart/Bloomberg

New woes may be on the horizon for unicorns and other venture capital-backed private companies.

A growing number of companies that had previously secured financing from hedge funds and other high-profile investors are announcing sizable layoffs, suggesting that business may not be as strong as investors had thought when they plunked down their capital.


To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.