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Online staffing firm RigUp lays off more than 100 workers; raised $300 million last October (Inno Austin)

April 06, 2020

RigUp laid off more than 100 workers, Inno Austin reported last week. RigUp is an Austin, Texas-based online staffing platform for the energy industry and had raised $300 million in a series D funding round last October. Inno Austin reported the company had a valuation of $1.9 billion. The founders are foregoing their salaries and have shifted to minimum wage during this time.