Layoffs in United States

Israeli AI startup Joonko, which developed a platform to help companies with diversity, equity, and inclusion goals, has effectively shut down after filing for Chapter 11 bankruptcy. The company, which employed around 50 people at its peak, laid off its entire workforce last summer following a major scandal. This collapse was triggered by the departure of its former CEO, Ilit Raz, amid serious allegations from the board of "egregious, unethical, and fraudulent conduct." The closure process is now being finalized by the COO, with the company planning to distribute its remaining $4.25 million to investors. Joonko had raised $29.5 million since its founding in 2016 and is currently under investigation by U.S. regulatory authorities.

SeekOut, an AI-powered recruiting startup based in Seattle and last valued at $1.2 billion, laid off approximately 30% of its workforce on Thursday, May 16, 2024. This marks the company's second round of layoffs, following a 7% reduction in October 2023 that left it with about 200 employees. The cuts are a strategic response to unsustainable financials, with leadership citing a cash burn problem where the company was spending roughly $2 to earn $1. To achieve a sustainable trajectory and refocus on high-impact initiatives, SeekOut is reducing staff to strengthen its financial position and maintain competitiveness in the talent acquisition industry, which has faced a tougher environment since the company's high-growth period in 2022.

Gopuff representing approximately 6% of its workforce on 2024-05-16.

Replit laid off 30 employees representing approximately 20% of its workforce on 2024-05-16.

Singularity 6, a video game developer known for titles like "Palia," laid off approximately 30 employees in early 2024. This reduction affected around 30-40% of its workforce, which was estimated to be about 80-100 employees prior to the cuts. The layoffs were part of a broader restructuring effort within the company, reflecting ongoing challenges and strategic shifts in the competitive gaming industry.

Atmosphere laid off 100 employees on 2024-05-15.

Mainvest representing approximately 100% of its workforce on 2024-05-14.

Indeed laid off 1,000 employees representing approximately 8% of its workforce on 2024-05-13.

Rivian, an American electric vehicle manufacturer, announced a workforce reduction in February 2024, affecting approximately 10% of its salaried employees. This move, part of a broader cost-cutting strategy, aims to improve operational efficiency amid a challenging market for EVs. The layoffs follow a previous reduction in 2023 and reflect the company's efforts to streamline operations and achieve profitability. Rivian operates in the automotive industry and is considered a major player in the electric vehicle sector.

Autonomous vehicle company Motional laid off approximately 550 employees, representing around 40% of its workforce, in a major restructuring effort in May 2024. The cuts affected nearly every team and office, including high-level departures like the COO, and led to the winding down of offices in Milpitas and Venice. This downsizing coincides with the company pausing commercial operations and delaying its robotaxi service launch until 2026, as it aims to conserve capital and refocus on improving its core technology and business model.

Vacasa, a property management company in the travel industry, laid off 800 employees, representing 13% of its total workforce, as part of a restructuring effort announced in late May 2024. This marks the fourth round of layoffs since CEO Rob Greyber took over in September 2022. The cuts disproportionately affected corporate and central operations, reducing those teams by 40%, while field staff saw a 6% reduction. The company aims to reorganize its operations to empower local teams to manage their markets more independently, significantly shrinking its central corporate footprint to improve efficiency and accountability.

Arkane Studios laid off 96 employees representing approximately 100% of its workforce on 2024-05-08.

Smart home startup Brilliant has laid off the majority of its workforce and is seeking a buyer after running out of cash, as confirmed by CEO Aaron Emigh in May 2024. The company, which manufactures smart light switches and controllers, failed to secure a Series C funding round or find an acquisition partner, leading to this drastic step. While the exact number of employees affected isn't specified, the layoffs encompass most staff and include the shutdown of the support center. Brilliant's products are no longer for sale, but the company maintains that existing devices will continue to operate as servers are kept online during this transition period.

Enovix laid off 170 employees representing approximately 33% of its workforce on 2024-05-06.

Tesla has laid off more employees as the layoffs continue into the fourth week, but specific numbers, reasons, and dates are not provided in the article.

Cue Health laid off 230 employees representing approximately 49% of its workforce on 2024-05-03.

Rivian, the Irvine-based electric vehicle manufacturer, announced approximately 150 job cuts on May 3, 2024, marking its second round of layoffs this year. This reduction, impacting mostly support and back-office roles, is attributed to challenging market conditions, including high interest rates and lower consumer demand. The move follows earlier cuts focused on product and commercial vehicle teams. Despite these workforce adjustments, the company is simultaneously expanding its operations in Illinois with significant state incentives. Rivian, a major player in the competitive automotive industry, continues to navigate the evolving EV market landscape.

Sprinklr, a New York-headquartered enterprise customer experience management platform, laid off approximately 116 employees, representing about 3% of its global workforce of 3,869, in early May 2024. The company stated the cuts were part of a strategic realignment of its customer operations organization to improve go-to-market efficiencies and better serve clients, with notifications going out in markets including the U.S. and India. This follows a previous reduction of about 4% in February 2023. Despite the layoffs, Sprinklr recently reported strong quarterly revenue growth and a return to GAAP operating income, indicating the move is aimed at restructuring for future growth rather than financial distress.

In May 2024, lidar technology company Luminar announced a major restructuring, laying off approximately 140 employees, which represents 20% of its workforce. The company, which supplies sensors to automakers like Volvo, is shifting to a more asset-light business model to reduce costs and accelerate production scaling. This move includes outsourcing more lidar production to its exclusive manufacturing partner, TPK Holding, and reducing its global facility footprint. CEO Austin Russell cited challenging capital market perceptions and the need for a new cost structure, aiming to cut annual operating costs by $50–65 million while focusing on profitability and faster product commercialization.

Bakkt, a cryptocurrency trading platform, announced layoffs on Friday, cutting 28 employees, which represents approximately 13% of its non-call center, full-time workforce. The company, operating in the fintech and crypto industry, is undertaking this reduction as part of broader cost-cutting measures amid market challenges. This move follows a trend of workforce adjustments in the tech and crypto sectors, with Bakkt's shares rising slightly in response to the news. The layoffs highlight ongoing volatility and restructuring efforts within the digital asset space.

Peloton, the connected fitness equipment company, announced a significant restructuring on Thursday, which includes laying off approximately 400 employees, representing 15% of its global workforce. This move is part of a broader effort to realign the company's cost structure with its current revenue, as it reported disappointing fiscal third-quarter results that missed Wall Street expectations. The layoffs, alongside the departure of CEO Barry McCarthy, aim to reduce annual expenses by over $200 million by the end of fiscal 2025, with half the savings coming from payroll cuts. The hardest-hit departments include research and development, marketing, and international teams. This restructuring is intended to position Peloton for sustained positive cash flow while continuing to invest in innovation.

Assurance laid off 112 employees representing approximately 100% of its workforce on 2024-05-01.

Israeli insurtech startup Sproutt, which specialized in digital life insurance in the U.S., has declared insolvency and is heading for bankruptcy as of early May 2024. The company, which had raised $38 million and once reached a $200 million valuation, is unable to pay its debts, including $2.2 million to Bank Leumi and $740,000 to suppliers, while also owing unpaid employee salaries. Strategic missteps led to heavy expenses and estimated losses of about $33 million, as its subsidiary Aktibo failed to generate sufficient revenue to cover high marketing costs. The company's downfall marks a significant failure in the insurtech sector.

Google, the tech giant under parent company Alphabet, has laid off at least 200 employees from its critical "Core" organization, which handles the technical foundation and security for its flagship products. This move, confirmed in late April 2024, is part of a broader reorganization and cost-cutting strategy. The company is shifting these roles to lower-cost locations, specifically hiring corresponding positions in Mexico and India to operate closer to partners and developer communities. These layoffs, which included at least 50 engineering roles in Sunnyvale, California, continue a trend of downsizing that began in early 2023 when Alphabet cut 12,000 jobs, or 6% of its workforce. Despite a rebound in digital advertising, the company maintains its focus on restructuring and global workforce redistribution to optimize operations.

Peloton announced a new round of layoffs as part of a restructuring effort, coinciding with the CEO's resignation. The exact number of affected employees was not specified in the announcement.

In May 2024, ahead of its annual I/O developer conference, Google conducted layoffs affecting staff from key teams including Flutter, Dart, and Python, as part of broader organizational changes to streamline operations and align resources with major product priorities. While the exact number of employees impacted was not disclosed, the layoffs were described as targeted reorganizations rather than company-wide cuts, with affected individuals offered the opportunity to apply for other roles within the tech giant. Google emphasized these moves aim to reduce bureaucracy and focus investment on significant opportunities, maintaining that teams like Flutter and Dart remain committed to ongoing projects and updates.

Akili Interactive, a digital therapeutics company in the healthcare technology industry, laid off approximately 30% of its workforce, affecting around 40 employees, as part of a strategic restructuring to extend its financial runway and focus resources on commercializing its over-the-counter product, EndeavorOTC™. The layoffs, announced in early 2024, were driven by the need to reduce operational costs amid challenging market conditions, allowing the company to prioritize key growth initiatives in cognitive medicine.

Tesla, the electric vehicle giant, conducted significant layoffs in late April 2024, which notably impacted its Supercharger division. Reports indicate that nearly the entire 500-person team overseeing EV charging, including senior director Rebecca Tinucci, was cut. This move came just weeks after Tesla announced a broader reduction of about 10% of its global workforce, affecting roughly 14,000 employees. The layoffs occurred as Tesla was poised to dominate the U.S. EV charging landscape following the widespread adoption of its North American Charging Standard by other automakers. The decision raises questions about the future of the company's charging network expansion and its industry leadership.

ComplYant, a Los Angeles-based tax-compliance startup, abruptly shut down in September 2023, resulting in the layoff of its entire workforce. The company, which had raised over $10 million in venture funding, furloughed all employees immediately as part of a wind-down process. The exact number of employees affected is not specified, but it involved dozens of staff. The closure occurred amid a broader downturn in venture funding, contributing to a wave of startup failures. Employees faced significant delays, waiting nearly two months to receive their final paychecks and receiving no severance. Founder and CEO Shiloh Johnson cut off communication, deleting social media accounts and leaving staff and partners without answers, highlighting the sudden and disruptive nature of the shutdown in the competitive tech startup landscape.

EV startup Fisker Inc. initiated a new round of layoffs on April 29, 2024, to preserve cash as it faces impending bankruptcy. The exact number of employees affected is unclear, but the company had 1,135 staff as of April 19, following a previous 15% reduction in February. Founder and CEO Henrik Fisker stated the cuts are necessary to explore options like potential transactions or buyers, while the company reported having only $54 million in cash. This move highlights the ongoing financial struggles within the electric vehicle industry.

In late April 2024, space and defense startup True Anomaly laid off approximately 30 employees, representing around 25% of its workforce, and canceled its summer internship program. The Centennial, Colorado-based company, which had over 100 employees as of December 2023, stated the cuts were due to identifying duplication of roles and functions following a period of rapid growth, aiming to sharpen focus on its goals. The layoffs, which began surfacing on April 24, affected teams including sales, business development, and recruiting. This restructuring comes despite the company closing a $100 million funding round in late 2023 and claiming to be well-capitalized, even after an early technical setback in its first orbital mission in March. True Anomaly develops spacecraft and software for space domain awareness and security.

Influencer-marketing platform Grin has laid off many employees in its third round of cuts in recent months, citing ongoing changes in the global economic environment and a need to refocus on customers. While the exact number of affected staffers was not disclosed, the company confirmed the layoffs in April 2024. Grin, a startup in the creator economy that has raised $145 million since its 2014 founding, previously cut 60 roles in November 2022 and several more in March 2023. The latest impacted employees will receive a three-month severance package. The company joins other creator-economy firms like Jellysmack and FaZe Clan in reducing staff amid broader economic pressures in the tech sector.

Expedia on 2024-04-24.

Freenome, a biotechnology company focused on early cancer detection through blood tests, laid off approximately 20% of its workforce in early 2024, affecting around 100 employees. The reduction was part of a strategic restructuring to extend its financial runway and prioritize key clinical and operational goals amid a challenging funding environment for the life sciences sector. The company, which employs about 500 people, aims to streamline operations while advancing its multi-cancer screening programs.

98point6 on 2024-04-23.

Portuguese tech unicorn OutSystems has announced a workforce reduction of 8% of its global team, affecting approximately 150 employees based on a reported headcount of 1,875 from August 2023. The company's CEO, Paulo Rosado, stated the layoffs aim to make the organization more agile at scale, maintain its leadership position in the low-code development platform market, and leverage opportunities in generative AI. The restructuring involves simplifying the company's hierarchy. While specific locations were not confirmed, the layoffs appear to be global, impacting employees in regions including the US. The company, founded in 2001 and operating in the enterprise software industry, achieved unicorn status in 2018.

Homie, a Utah-based real estate technology company that aimed to disrupt the traditional homebuying and selling process, has laid off its remaining real estate agents as it shuts down its brokerage business. The company, which previously employed around 200 people at its peak, did not specify the exact number of agents affected in this final round, but the move effectively ends its direct brokerage operations. This decision, announced in late November 2023, is part of Homie's shift to a referral-based model, where it will connect clients with external real estate agents and contractors instead of employing its own. The layoffs follow a period of financial struggles and leadership changes within the company, reflecting challenges in the competitive proptech industry. Homie, once a growing startup, continues to operate on a reduced scale, focusing on its technology platform and referral services.

Pax8, a Denver-based born-in-the-cloud distributor, has laid off just under five percent of its global workforce, primarily impacting employees in North America. The company, which has experienced strong year-over-year revenue growth in recent years, described the decision as difficult but necessary to optimize operations, increase alignment, and position the business for long-term success. CEO John Street cited an industry-wide shift from unfettered growth to a more cost-efficient model, acknowledging that the company had underestimated the importance of this transition post-pandemic. While the exact number of affected employees wasn't disclosed, the layoffs are part of an effort to create a "fit company," with no further company-wide reductions anticipated in the near term.

Rivian representing approximately 1% of its workforce on 2024-04-17.

Google on 2024-04-17.

ConnectWise, a Tampa-based software vendor with over 3,100 employees, has laid off "significantly less than 100" staffers, with an inside source specifying about 80 positions eliminated globally across multiple departments. The layoffs, announced recently, are part of organizational changes aimed at improving operations and aligning resources with partner growth opportunities. The company cited redundancy from past acquisitions and product adjustments as key factors, noting it is sunsetting some offerings to focus on future opportunities. This move reflects a broader trend in the technology and MSP industry where companies periodically restructure to meet evolving business needs.

AI startup Tome is laying off approximately 12 employees, representing 20% of its 59-person workforce, as part of a strategic restructuring announced in April 2024. The company, which offers a generative AI presentation tool, is shifting its focus from a broad consumer and professional user base to specifically target enterprise sales teams. This move comes as Tome identifies a stronger revenue opportunity in serving paying business customers, leading to cuts in its consumer go-to-market and product development teams. The restructuring will see those roles replaced with enterprise sales staff and developers dedicated to B2B software, aiming to build more sophisticated, revenue-generating products for sales organizations.

Take-Two Interactive, the publisher behind the highly anticipated Grand Theft Auto VI, announced layoffs in April 2024 as part of a major cost reduction program. The company is cutting approximately 5% of its workforce, which translates to about 579 employees, and canceling several in-development projects. This move, expected to incur significant charges, contradicts earlier statements from CEO Strauss Zelnick, who had claimed there were "no plans" for layoffs. The decision is framed as streamlining operations and eliminating projects to optimize costs, with the program set to conclude by the end of 2024. This action places Take-Two within a wider trend of industry-wide layoffs affecting major publishers throughout the year.

Tesla is laying off more than 10% of its global workforce, potentially affecting over 14,000 employees, as part of cost reductions and efforts to increase productivity amid a cooling demand for electric vehicles. The layoffs were announced in an internal email from CEO Elon Musk, following a year-over-year sales drop and lower growth projections for 2024.

Israeli retail technology startup Fabric is laying off approximately 30 employees, representing about 15% of its 200-person workforce, as announced in April 2024. This marks the company's second significant round of layoffs, following a cut of 150 jobs in July 2022. The decision comes as the company, which provides automated fulfillment solutions combining hardware and software, shifts its business model from selling complete robotic warehouse systems to focusing solely on technology and software sales. Founded in 2015 and having achieved unicorn status with over $1 billion valuation, Fabric has raised $375 million to date. The layoffs follow recent leadership changes, including the appointment of a co-CEO, as the company navigates adjustments in its growth strategy within the competitive retail tech industry.

Hinge Health, a virtual physical therapy startup focused on treating chronic musculoskeletal conditions, laid off approximately 10% of its workforce on April 11, 2024. The cuts affected around 170 employees across various functions, including engineering, from a total of over 1,700 staff. The company stated the layoffs were part of an organizational realignment to accelerate its path to profitability, speed up decision-making, and focus investments, as it prepares for a future IPO. Despite the reduction, Hinge Health, last valued at $6.2 billion in 2021, noted it has substantial cash reserves and is not under immediate pressure to go public.

Checkr, a background-screening platform last valued at $5 billion, laid off 382 employees, representing 32% of its workforce, on Tuesday, April 10, 2024, due to economic conditions affecting hiring and to operate more efficiently for long-term business health.

Intel, the semiconductor giant, has initiated a new round of layoffs impacting approximately 62 positions within its Sales and Marketing Group at its Santa Clara, California headquarters. This move is part of an ongoing reorganization aimed at streamlining operations and reducing costs, following CEO Pat Gelsinger's 2022 announcement to cut up to $10 billion in spending by 2025 amid a slowdown in demand. The layoffs, disclosed in an April 4 state filing, are set to take effect starting May 25. While the exact percentage of total employees affected is not specified, Intel emphasizes its commitment to supporting impacted staff and continuing its strategic transformation in the competitive chip industry.

Singularity 6, a Los Angeles-based game developer founded by ex-Riot Games veterans, has laid off approximately 35% of its staff following the release of its MMO Palia on Steam. The studio, which raised $30 million in 2021 and recently surpassed three million players, stated the workforce reduction was a difficult decision made after evaluating the development and business needs required to support the game and its community. The layoffs impacted about one-third of the team, with affected employees receiving severance, career assistance, and retention of company equipment.

Apple laid off 614 employees on 2024-04-04.