Layoffs in United States

Aqua Security, a cybersecurity unicorn specializing in cloud-native application protection, has laid off approximately 50 employees, constituting 10% of its 500-person workforce. The layoffs, announced in July 2024, are part of an organizational streamlining effort to focus resources on core customer needs amid the current macroeconomic climate. While the company experienced 30% growth the previous year and recently secured $60 million at a $1 billion valuation, this restructuring aims to ensure sustainable growth. Most affected employees are based outside of Israel, though the cuts proportionally impacted its global operations, including teams in Israel. This marks the second round of layoffs for Aqua since late 2022.

Lex, a queer community social network, laid off most of its staff in June 2024. The startup, which had a full-time team of about eight employees, underwent a pivot from a dating app to a community-focused platform in 2023. Having raised $7 million in total funding, Lex is exploring monetization through premium features and ads while navigating an uncertain path forward. The company remains operational and is seeking partnerships to sustain and grow its platform, which serves around 1 million users in the LGBTQ+ community.

Kaspersky on 2024-07-16.

ON laid off 60 employees representing approximately 100% of its workforce on 2024-07-16.

Salesforce laid off 300 employees on 2024-07-15.

Real estate marketing and technology company MoxiWorks has conducted layoffs, affecting multiple employees including a former director and a software engineer, as confirmed by their LinkedIn posts in July 2024. The cuts come just a month after the appointment of a new CEO with an AI startup background, signaling a strategic shift. While the exact number of employees laid off and the percentage are not disclosed, the company is a significant player in the proptech industry, serving over 800 brokerages and 400,000 agents nationwide. The layoffs appear to be part of broader organizational changes following the leadership transition.

CyberProof, a cloud security solutions provider and subsidiary of India's UST, is laying off approximately 7.5% of its global workforce, affecting about 20 employees in Israel out of its local team of 85. The company employs 650 people worldwide. The layoffs, reported in July 2024, primarily impact cloud and IT infrastructure managers in Israel, with their roles being relocated to the company's offices in India as part of global cutbacks. Cyber experts at the company are not affected. The move reflects broader adjustments within the cybersecurity industry, where companies are restructuring to optimize operations and manage costs.

Redbox laid off 1,000 employees representing approximately 100% of its workforce on 2024-07-10.

Intuit laid off 1,800 employees representing approximately 10% of its workforce on 2024-07-10.

UiPath, a leading automation software company, is laying off approximately 420 employees, representing 10% of its workforce, as part of a major restructuring announced in June 2024. This move follows a significant slowdown in revenue growth post-IPO and a recent reduction in annual revenue guidance. The layoffs, primarily affecting operational and corporate functions, aim to streamline the organization and refocus investments on AI and platform innovation. This is the third round of job cuts since 2022 for the enterprise-scale tech firm, which has also seen recent executive turnover, including the return of co-founder Daniel Dines as CEO.

CNN announces more layoffs as it prepares for a future beyond cable TV, indicating restructuring efforts to adapt to changing media landscapes.

Microsoft on 2024-07-03.

Upside Foods, a cultivated meat startup, has laid off 26 employees as part of a restructuring to reduce top-heavy leadership and narrow its focus toward product launches within the next two years. This follows earlier cuts affecting 16 staff in February, when the company paused plans for a large production plant in Illinois. The layoffs come amid industry-wide challenges, including legislative bans in states like Florida and Alabama, regulatory hurdles, and a downturn in venture capital funding. Upside, one of only two U.S. firms approved to sell cultivated meat, is shifting its scaling efforts from whole-cut chicken to suspension-based products like nuggets and patés. The company, which began selling its chicken in San Francisco in July 2023, aims to preserve resources and achieve critical commercialization milestones despite macroeconomic and political uncertainties.

Priceline laid off 103 employees representing approximately 7% of its workforce on 2024-06-28.

RealPage, a real estate technology company based in Richardson, Texas, is laying off approximately 4% of its workforce, impacting at least 260 employees. The company, which employs over 6,500 people globally, announced the cuts in late June 2024 as part of a plan to refocus on innovation and accelerate business growth. This decision comes during a challenging period for RealPage, as it faces a major class-action lawsuit alleging its revenue management software was used to artificially inflate multifamily rents. While the company attributes the layoffs to strategic restructuring, the timing coincides with its ongoing legal battles over price-fixing allegations in the multifamily housing industry.

Moxion Power, a California-based manufacturer of mobile battery energy storage systems, laid off approximately 50 employees in early 2024, representing about 20% of its workforce. The layoffs, part of a broader restructuring, were driven by challenging market conditions and a need to streamline operations to extend the company's financial runway. Operating in the clean energy and manufacturing industry, Moxion Power, which had raised significant venture capital, is scaling back its growth ambitions to focus on core projects and achieve profitability in a competitive sector.

Earth observation company Planet announced on June 26, 2024, that it is laying off approximately 180 employees, representing 17% of its workforce, as part of a cost-reduction effort to improve operational efficiency and focus on long-term growth and profitability. This marks the second major workforce reduction in less than a year, following a layoff of 117 employees in July 2023. Despite reporting record quarterly revenue of $60.4 million in its fiscal first quarter, the company continues to face net losses, prompting strategic realignment toward higher-return opportunities. Planet, which operates in the aerospace and Earth imaging industry, is concurrently advancing its mission with the planned launch of its first hyperspectral satellite, Tanager-1, in July 2024.

Ginkgo Bioworks, a synthetic biology company, laid off approximately 158 employees, representing about 13% of its workforce, in early 2024. The restructuring aimed to streamline operations and reduce costs amid broader economic pressures in the biotech industry. As a publicly traded firm, Ginkgo continues to focus on its core platforms while adjusting to market conditions.

Ginkgo Bioworks, a Boston-based synthetic biology company, is laying off at least 35% of its workforce, affecting approximately 400 employees out of around 1,200 total. This significant reduction, announced in an SEC filing in May 2024, comes as a direct response to a severe 53% year-over-year revenue drop in the first quarter and lowered annual projections. The life sciences firm, which grew rapidly during the pandemic, is taking decisive cost-cutting measures, including consolidating operations and reducing its real estate footprint. CEO Jason Kelly acknowledged the difficulty of the layoffs, stating the company remains well-capitalized but needed to adjust its labor costs by at least 25% to navigate the current financial challenges.

C2FO laid off 16 employees on 2024-06-18.

Fisker representing approximately 100% of its workforce on 2024-06-18.

Wex laid off 375 employees representing approximately 5% of its workforce on 2024-06-18.

Unit representing approximately 15% of its workforce on 2024-06-17.

Chegg laid off 441 employees representing approximately 23% of its workforce on 2024-06-17.

Stackpath representing approximately 100% of its workforce on 2024-06-17.

LOOP laid off 23 employees representing approximately 77% of its workforce on 2024-06-16.

Loop, a car insurance startup, has laid off staff after struggling to raise funds for 20 months, with an investor pulling out at the last minute. The layoffs were announced on June 16, 2024, impacting roles such as insurance agents, customer care, data analytics, marketing, software engineering, and product, though the exact number of affected employees is unclear.

Care/of, a personalized subscription vitamin company, is shutting down and laying off its entire workforce of 143 employees as of July 3, 2024, due to a complete loss of funding. The company, which was majority-owned by pharmaceutical giant Bayer, announced it is canceling all subscriptions and ceasing new orders. This closure follows Bayer's decision to halt further investment in the venture. Founded in 2016 and part of the health tech and commerce industry, Care/of had raised $46 million and was once valued at $225 million. The company is exploring options for a potential future revival but has no definitive plans at this time.

Running Tide representing approximately 100% of its workforce on 2024-06-15.

Medtronic on 2024-06-13.

VRChat, the social VR platform, has laid off approximately 30% of its workforce. The decision, announced by CEO Graham Gaylor in June 2024, was driven by a need to ensure the company's long-term health and growth after VR market expansion slowed significantly in 2022. While optimistic about its future mission to bring immersive social connection to billions, the company concluded its current team size was unsustainable. This restructuring aims to create a more nimble, focused organization capable of executing its multi-year plans, though it comes at the cost of parting with many talented employees.

SCiFi Foods, a cultivated meat startup, laid off an unspecified number of employees in early 2024 as part of a restructuring effort. The company, operating in the biotechnology and food technology industry, made this difficult decision to extend its financial runway and focus resources on core research and development priorities. While the exact scale of the layoffs relative to total workforce remains undisclosed, the move reflects broader challenges within the alternative protein sector, where many companies are streamlining operations to navigate a tighter funding environment and accelerate their path to commercialization.

Paxos laid off 65 employees representing approximately 20% of its workforce on 2024-06-12.

New York-based electric vehicle startup Revel is laying off over 1,000 staff ride-hail drivers in June 2024, effectively eliminating its employee-based model. The company, which operates an all-Tesla ride-hail service and EV charging infrastructure, is pivoting to a gig worker model similar to Uber and Lyft. This strategic shift follows a pilot program where drivers expressed a preference for greater flexibility over employee benefits. The layoffs represent a significant workforce reduction as Revel abandons a key differentiator to align with industry standards and address recruitment challenges.

MoonPay laid off 30 employees representing approximately 10% of its workforce on 2024-06-05.

Yext representing approximately 12% of its workforce on 2024-06-05.

Microsoft, the global technology giant, announced a restructuring on June 4, 2024, resulting in layoffs affecting approximately 1,000 employees. The cuts specifically targeted teams within the Mixed Reality organization, including those working on the HoloLens 2 headset, and the Azure for Operators and Mission Engineering teams focused on ambitious cloud "moonshot" projects. This move, part of the broader tech industry's ongoing adjustments, follows a larger round of over 10,000 layoffs the previous year. The company stated it remains committed to key defense contracts and the mixed reality ecosystem while continuing to shift its strategic focus, particularly toward significant investments in artificial intelligence.

Jasper Health, a cancer care platform startup, laid off approximately half of its workforce in late May 2024, impacting around 24 employees from its pre-layoff total of about 48. The cuts significantly affected departments including engineering and product design. The company, which had raised $31 million in venture capital led by General Catalyst, operates in the health tech industry as a small-scale startup. The layoffs reflect broader challenges in the sector, even for well-funded ventures, though specific reasons for the downsizing were not disclosed by the company's leadership, who did not respond to requests for comment.

Google has conducted another round of layoffs, this time making sweeping cuts within its Cloud unit in late May 2024. While the exact number of affected employees was not officially disclosed, internal reports suggest close to 100 roles were eliminated in the Asia-Pacific "Go To Market" teams alone, though the company stated the figure was lower. The layoffs impacted several teams, including consulting, partner engineering, and sustainability, and notably affected some recent hires and new recruits. As part of its ongoing business evolution, Google is restructuring to align with customer priorities and long-term strategic goals. These cuts in the technology and cloud computing industry reflect a continued trend within the company, which has been streamlining operations and relocating roles throughout the year.

Gro Intelligence, an agricultural insights platform, is shutting down after failing to secure sufficient capital to continue operations. The company, which had previously laid off 60% of its staff in March during a last-ditch funding effort, informed remaining employees this week of its closure, retaining only a skeleton crew to wind down. Founded in 2012 and once valued with an $85 million Series B round, Gro Intelligence faced challenges including a fundamental mismatch between its product and the market, reliance on a few key clients like Unilever, and unsuccessful attempts to expand its government and international business. The closure follows months of turbulence, including leadership changes, payroll issues, and ongoing investigations by the SEC and lawsuits from former employees over alleged labor law violations. The company, based in New York and Nairobi, operated in the agtech industry and had scaled to become one of TIME's 100 most influential companies in 2021 before its decline.

Tropic, a company in the SaaS industry, has announced a reduction in force affecting 40 employees as part of a restructuring effort. This decision stems from the company's strategic shift from a service-led business to a SaaS-focused model, aiming to accelerate growth and operate with a leaner, more agile team. While the exact total number of employees and percentage impacted aren't specified, the layoffs are described as not performance-based, with the company expressing gratitude for the contributions of those affected and offering support in their transition. The announcement was made recently, reflecting ongoing changes in the competitive tech landscape.

FlightStats laid off 73 employees on 2024-05-30.

In May 2024, the Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit responsible for coordinating the Internet's domain name system, implemented organizational changes, including layoffs, to address a structural financial deficit. Facing persistently high inflation, a 20% rise in travel costs, and stagnant to slightly declining funding, ICANN's projected operating expenses were exceeding its revenue. To ensure long-term financial stability and sustainability, the organization restructured, resulting in an unspecified number of staff reductions as part of broader cost-cutting measures.

Israeli startup Walnut, a developer of a sales and marketing demo experience platform, laid off 15 employees on May 29, 2024, which represents 20% of its total workforce. This follows a previous round of layoffs in 2023, and the company's team has been reduced by approximately 50% since then, from 120 to about 60 people. Walnut cited a need to adjust resource distribution and focus on core operations for efficiency, aligning with trends in the broader high-tech market. The company, which operates in the sales technology industry and has raised $56 million in funding, stated the restructuring impacts roles in Israel and other countries as part of updating its technological focus.

Struggling electric vehicle startup Fisker laid off hundreds of employees in late May 2024 as part of a desperate effort to conserve cash and stay afloat while seeking funding, a buyout, or preparing for potential bankruptcy. The layoffs were announced during an all-hands meeting after the company directed staff to work from home. Following several prior workforce reductions, including a 15% cut in February, estimates suggest only about 150 employees remain from the 1,135 reported in mid-April. The cuts were influenced by a major investor, with the company's restructuring officer having previously warned of over 300 layoffs if cash needs weren't met. Founder Henrik Fisker expressed a determined but somber outlook, emphasizing the continued sale of their Ocean SUV despite the severe downsizing in the competitive automotive industry.

Lucid Motors, an American electric vehicle manufacturer, announced a restructuring plan on May 24, 2024, resulting in layoffs of approximately 400 employees, which represents about 6% of its U.S. workforce. The decision, communicated by CEO Peter Rawlinson, aims to reduce costs as the company prepares for the crucial launch of its Gravity electric SUV later in the year. While the cuts affect various levels including leadership and mid-level management, hourly manufacturing and logistics staff are not impacted. This move, expected to incur $21 to $25 million in charges, reflects the competitive pressures in the EV industry, where several automakers are streamlining operations to improve profitability amidst ongoing financial challenges. Lucid reported increased revenue in Q1 2024 but continues to face operational losses, emphasizing the need for cost vigilance as it invests in future growth.

On May 23, 2024, location technology company Foursquare laid off 105 employees, representing approximately 25% of its workforce. The cuts were announced by CEO Gary Little in an email to staff, citing a need to streamline operations and achieve more sustainable financial footing. The layoffs impacted specific divisions, including Visits, OCF, and the Foursquare City Guide app, with work paused on several other initiatives. This move continues a trend of workforce reductions at the company, which evolved from a consumer check-in app into an enterprise data provider after its 2020 merger with Factual.

Denver-based Guild, an online worker education platform, laid off approximately 300 employees, representing about a quarter of its estimated 1,200-person workforce, on May 22, 2024. This marks the second significant workforce reduction in a year, following a 12% layoff in 2023. CEO Bijal Shah stated the cuts are part of a restructuring to enhance operational efficiency and innovation, despite the company's continued growth and its status as a tech unicorn valued at $4.4 billion. The edtech firm, which partners with major corporations like Walmart and Target, is offering affected employees severance and career transition support.

Silo, a Bay Area food supply chain software startup founded in 2018, laid off approximately 30% of its workforce, affecting over two dozen employees, on May 22, 2024. The company confirmed the across-the-board cuts, attributing them to recent financial difficulties stemming from a lending product issue where a customer defaulted, causing a banking partner to pause the service and impacting revenue. Amid these challenges, Silo is focusing on streamlining operations and is reportedly engaged in merger and acquisition discussions as it aims to stabilize and continue developing its supply chain management solutions for the perishables industry.

Cue Health laid off 180 employees representing approximately 100% of its workforce on 2024-05-22.