Thumbtack, a San Francisco-based online marketplace connecting customers with local service professionals, laid off 250 employees last week, representing 30% of its workforce. The cuts impacted all departments, with sales, people operations, engineering, design, and analytics teams in San Francisco and Salt Lake City being most affected. The company cited a severe business downturn due to the COVID-19 pandemic, with shelter-in-place orders causing its business to fall by over 50% in many markets. This significant reduction highlights the challenges faced by the gig economy and local services industry during the crisis.
