Progress makes layoffs at Chef after $220M acquisition, says it remains committed to roadmap

Progress CEO Yogesh Gupta

Business application platform Progress is making an unspecified number of job cuts at Chef after completing its previously announced $220 million acquisition of the Seattle-based enterprise automation technology company this week.

People impacted by the cuts include a portion of Chef’s engineering team, including employees in Seattle and other locations, prompting former colleagues and others in the developer community to rally around them on the #cheffriends hashtag on Twitter.

In an interview with GeekWire this week, Progress CEO Yogesh Gupta said the 40-year-old Boston-area company remains committed to Chef’s product roadmap, open-source projects and business customers, calling Chef a strong cultural match for Progress and “a perfect fit from an overall strategy perspective.”

“We continue to see tremendous potential moving forward with the folks from Chef that have come on board, and the Progress team working together,” he said.

Gupta said Chef’s strengths in enterprise automation

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Minority tech startups in the US have seen almost no progress in VC funding

Black and Latinx tech startup founders have made almost no progress in securing venture capital (VC) funding over the past seven years in the US, a Crunchbase study released today found. During that period, startups helmed by Black and Latinx founders received just 2.4% of VC investments; so far this year, that figure is slightly higher at 2.6%.

Reasons cited for the persistent low percentage derive from the greater poverty among those groups relative to the White population. Black and Latinx would-be founders have much less access to their own seed capital and to resources from family and community members to launch their firms, yet such “bootstrapping” is considered an essential first step before investors will join in. And they often lack the professional or college networks that can be crucial to connecting with initial “angel” investors or to the venture capital community that typically funds later rounds.

That reality

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Seven studies describe progress thus far and challenges ahead for a revolutionary zero-emissions power source — ScienceDaily

Two and a half years ago, MIT entered into a research agreement with startup company Commonwealth Fusion Systems to develop a next-generation fusion research experiment, called SPARC, as a precursor to a practical, emissions-free power plant.

Now, after many months of intensive research and engineering work, the researchers charged with defining and refining the physics behind the ambitious reactor design have published a series of papers summarizing the progress they have made and outlining the key research questions SPARC will enable.

Overall, says Martin Greenwald, deputy director of MIT’s Plasma Science and Fusion Center and one of the project’s lead scientists, the work is progressing smoothly and on track. This series of papers provides a high level of confidence in the plasma physics and the performance predictions for SPARC, he says. No unexpected impediments or surprises have shown up, and the remaining challenges appear to be manageable. This sets a

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Conagra Brands Taps into Footprint’s Materials Science to Continue Progress Towards Meeting Sustainability Goals | News

CHICAGO and GILBERT, Ariz., Sept. 29, 2020 /PRNewswire/ — Conagra Brands (NYSE: CAG) announced new products featuring bowls made from plant-based fibers for Healthy Choice Power Bowls, new Hungry-Man Double Meat Bowls and P.F. Chang’s Ramen single-serve meals. By using plant-based fibers instead of plastic, the carbon footprint of manufacturing the bowls is reduced by 50 to 70 percent1 across select product lines. The expansion will help to decrease Conagra’s carbon footprint by 34,117 metric tons, equivalent to avoiding the greenhouse gas emissions of driving around the planet 3,399 times or 84 million miles2. This progress aligns with Conagra’s January 2020 announcement that the company is striving to make 100 percent of its plastic packaging renewable, recyclable or compostable by 2025.

The plant-based fiber bowl is designed by Footprint, a sustainable materials science technology firm that designs alternative solutions to single-use plastic. Conagra initially partnered with

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Conagra Brands Taps into Footprint’s Materials Science to Continue Progress Towards Meeting Sustainability Goals

Conagra expands use of bowls made from plant-based fibers through collaborative partnerships

CHICAGO and GILBERT, Ariz., Sept. 29, 2020 /PRNewswire/ — Conagra Brands (NYSE: CAG) announced new products featuring bowls made from plant-based fibers for Healthy Choice Power Bowls, new Hungry-Man Double Meat Bowls and P.F. Chang’s Ramen single-serve meals. By using plant-based fibers instead of plastic, the carbon footprint of manufacturing the bowls is reduced by 50 to 70 percent1 across select product lines. The expansion will help to decrease Conagra’s carbon footprint by 34,117 metric tons, equivalent to avoiding the greenhouse gas emissions of driving around the planet 3,399 times or 84 million miles2. This progress aligns with Conagra’s January 2020 announcement that the company is striving to make 100 percent of its plastic packaging renewable, recyclable or compostable by 2025.

Conagra Brands, Inc., headquartered in Chicago, is one of North America's leading branded food companies. (PRNewsfoto/Conagra Brands)
Conagra Brands, Inc., headquartered in Chicago, is one of North America’s leading branded
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Vascular Stent Market 2020 New Innovations, Technology Progress- Abbott Laboratories, Boston Scientific Corporation

The MarketWatch News Department was not involved in the creation of this content.

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Company Analysis – Abbott Laboratories, Boston Scientific Corporation, Cardinal Health,

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Govt committed to promote science and technology for progress in country: PM

Prime Minister Imran Khan says the government is committed to promote science and technology for progress in the country.

He was addressing the inaugural ceremony of Pak-Austria Fachhochschule Institute of Applied Sciences and Technology in Haripur today (Thursday).

The institute will offer courses in artificial intelligence, engineering, food technology and various other disciplines.

The Prime Minister said we are moving in the right direction with a focus on education, science, technology and knowledge economy.

He expressed the confidence that the institute will prove to be a major step in promotion of science and technology in the country.

Imran Khan said the government is going to collaborate with five Chinese and three Austrian universities for technological advancement in Pakistan.

He said in the second phase of CPEC, special economic zones will be established and industry will be relocated in Pakistan.

Earlier, Prime Minister Imran Khan inaugurated Pak-Austria Fachhochschule Institute of Applied

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Jerome Powell Testifies on Economy’s ‘Marked’ Progress: Live Updates

Credit…Anna Moneymaker/The New York Times

Treasury Secretary Steven Mnuchin offered an upbeat view of the economic recovery on Tuesday, describing it during a congressional hearing as the fastest rebound from any crisis in American history.

Yet Mr. Mnuchin acknowledged that more than half of the jobs that had been lost as a result of the pandemic had yet to be restored.

His comments came in a joint appearance before the House Financial Services Committee with Jerome H. Powell, the chair of the Federal Reserve.

Both officials projected optimism about the economic recovery so far, but Mr. Powell made clear that many of those gains were predicated on strong fiscal support, including additional jobless benefits and stimulus checks.

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