Lever

In early January 2024, San Francisco-based recruiting software startup Lever, a subsidiary of Employ, conducted layoffs, becoming one of the first tech firms to reduce headcount in the new year. The company did not disclose the exact number of employees affected, but the cuts included customer service roles. This move reflects ongoing challenges in the tech hiring sector, following a difficult 2023 where over 76,000 tech workers were laid off in the Bay Area. Lever, which provides applicant tracking systems for clients like Netflix and KPMG and was valued around $550 million prior to its 2022 acquisition, stated the reductions were made to align its objectives and financial plans for 2024 and beyond.

Lever, a San Francisco and Toronto-based company that provides applicant tracking software for recruiting, laid off 86 employees last week, representing 40% of its workforce. The cuts impacted all departments as the recruiting technology sector faces significant challenges due to the coronavirus pandemic, with many companies slowing or freezing hiring. This move aligns with broader trends, as other recruiting startups like ZipRecruiter, AngelList, and Triplebyte have also recently conducted layoffs.