Techstars is laying off 17%, ending its J.P. Morgan-backed programs
Techstars is reducing its workforce by 17% and will terminate its $80 million AdvancingCities program funded by J.P. Morgan.
MAIN POINTS
- Techstars is cutting 17% of its staff.
- The $80 million AdvancingCities program will end.
- The program was backed by J.P. Morgan.
TAKEAWAYS
- Significant workforce reduction at Techstars.
- Termination of a major investment program.
- Financial backing from a notable institution, J.P. Morgan.