The union for Kickstarter employees reached an agreement with management on Friday which provides protections for laid-off workers, the union said in a press release. The crowdfunding company announced in an internal memo April 20th it would likely seek layoffs, along with other cost-cutting measures. CEO Aziz Hazan wrote in the memo that Kickstarter had seen a 35 percent drop in new crowdfunding projects on the site in the past several weeks, with “no clear sign of rebound.”
Kickstarter United, the union that represents 60 percent of the company’s 140 employees, said the agreement includes four months of severance pay for all laid-off employees, a release from any non-compete agreements for anyone who accepts severance, and recall...
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