Welcome to the Crunchbase News Weekend Update.
In case you missed it, a number of SoftBank-backed companies faced layoffs this week, from scooter company Lime closing operations in 12 cities to Oyo Hotel, one of India’s biggest hotel chains, reportedly firing thousands.
As I wrote in my piece, the cycle of startups going from landing nine-figure rounds, as well as scooping up other companies, to laying off hundreds of employees is nothing new.
It was a strong end to a good, but not fantastic year, our chief data reporter Jason D.
We also broke out North American venture activity for the end of the year.
More in Last Week In Venture, as always.