The Alphabet subsidiary has reportedly laid off 8% of its overall team, all of which worked in its investor operations area.
GV, a corporate venturing subsidiary of US-based internet and technology conglomerate Alphabet, has laid off seven members of its investor operations team, Axios reported on Wednesday.
The unit’s investor operations activities focus on adding value for portfolio companies through expertise in areas outside capital, such as research, design or human resources. The cuts equate to 8% of GV’s overall staff.
David Krane, GV’s chief executive, told Axios: “In this rapidly changing market, we are constantly evolving GV’s operational services to…
