https://techcrunch.com/2023/04/25/rapidapi-valued-at-1-billion-last-year-cuts-staff-by-50/

Rapid (previously known as RapidAPI), a startup that built out an API marketplace valued at $1 billion last year, is cutting 50% of its staff TechCrunch has learned.

According to an email to employees from CEO Marc Friend viewed by TechCrunch, the move is part of “a significant restructuring” in an effort to “right-size the company.”