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Atlassian plans to cut 500 jobs, or ~5% of its workforce; a filing says the company will incur about $70M to $75M in restructuring costs through the end of June (Brody Ford/Bloomberg) 07-03-2023

Brody Ford / Bloomberg: Atlassian plans to cut 500 jobs, or ~5% of its workforce; a filing says the company will incur about $70M to $75M in restructuring costs through the end of June  —  Atlassian Corp. will cut about 5% of its workforce, or 500 full-time employees, becoming the latest software company to eliminate jobs. Lees verder op Tech Meme

French expense management software maker N2F raised €24M from PSG Equity, and says it processes 1M+ expense reports a month for 10K+ businesses in 86+ countries (Dan Taylor/Tech.eu) 07-03-2023

Dan Taylor / Tech.eu: French expense management software maker N2F raised €24M from PSG Equity, and says it processes 1M+ expense reports a month for 10K+ businesses in 86+ countries  —  According to the startup, they’re processing over one million expense reports per month for more than 10,000 businesses in over 86 countries. Lees verder op Tech Meme

A report by Ireland's DPC: 17 large inquiries concluded in 2022, resulting in €1B+ fines; 10K+ cases concluded in 2023, including 246 cross-border complaints (Vish Gain/Silicon Republic) 07-03-2023

Vish Gain / Silicon Republic: A report by Ireland’s DPC: 17 large inquiries concluded in 2022, resulting in €1B+ fines; 10K+ cases concluded in 2023, including 246 cross-border complaints  —  Helen Dixon said the DPC issued two-thirds of fines issued across Europe last year on foot of ‘detailed and comprehensive investigations’. Lees verder op Tech Meme

FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares (The Block) 07-03-2023

The Block: FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares  —  – FTX’ debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin … Lees verder op Tech Meme

Investor document: Stripe seeks to raise ~$2.3B to cover Q1 tax withholdings and plans to withhold an additional $500M in 2022 and $700M in 2023 (Bloomberg) 07-03-2023

Bloomberg: Investor document: Stripe seeks to raise ~$2.3B to cover Q1 tax withholdings and plans to withhold an additional $500M in 2022 and $700M in 2023  —  Stripe Inc., one of the world’s most valuable startups, told investors it plans to use money it receives in its latest round of fundraising to help cover a roughly $3.5 billion tax bill. Lees verder op Tech Meme