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By the afternoon, an old-fashioned run on the bank ensued at an institution that served more than half of the Valley’s venture capital-funded startups, including Pinterest and ZipRecruiter.
Meanwhile, job search engine ZipRecruiter has announced to reduce its global headcount by approximately 270 employees, which represents approximately 20 per cent of the company's total number of employees.
Source: https://www.freepressjournal.in/education/us-marketing-tech-firm-zoominfo-to-fire-3-of-its-workforce
The number of applications per job posting surged by around 40 percent from a year ago on employment platform ZipRecruiter in the second quarter, said the company's chief economist Julia Pollak.