TechCrunch
Startups Weekly: Ups, downs, and silver linings
As the end of 0% interest rates keeps taking its toll, SoftBank-backed Norway-based online supermarket delivery startup Oda has confirmed 150 layoffs and a refocus on Norway and Sweden, where it hopes to reach profitability next year. People being let go is never good news, but Oda co-founder Jon Kåre Stene, now a partner at VC firm Skyfall Ventures, hopes that this “could spark off the birth of several new startups in the Norwegian tech scene or strengthen companies already set out on a journey.” Europe already has several startup factories — think Skype — and now it could be Norway’s turn.
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