Live coronavirus updates: Coronavirus effects on private markets

The Tribeca Drive-In is a monthlong temporary theater next to the Rose Bowl. The stadium in Pasadena, Calif., was one of dozens of venues statewide to scrap its annual Fourth of July fireworks. (David McNew/Getty Images)

Shifting VC landscape marked by layoffs, dip in deals

Since March 11, nearly 45,000 employees have been laid off across more than 370 venture-backed companies. That’s just one of many startling statistics from the past several months. But it may be the starkest indication of the widespread changes the pandemic has wrought across the startup scene.

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