Layoffs in United States

Expedia laid off 1,500 employees representing approximately 8% of its workforce on 2024-02-26.

Rivian is laying off 10% of its salaried workforce to cut costs amid a tough market for electric vehicles, increasing pressure on its future affordable EV, the R2.

Carbon Health, a primary and urgent care provider, has laid off approximately 8% of its workforce, affecting around 200 employees. This reduction is part of a broader restructuring effort aimed at streamlining operations and achieving profitability amid challenging economic conditions in the healthcare sector. The layoffs occurred in early 2023, impacting various roles across the company as it adjusts its strategy to focus on sustainable growth.

Redesign Health, a company that builds and funds health care startups, has laid off an unspecified number of employees due to a slowdown in venture capital funding. CEO Brett Shaheen announced the staff reductions in an email to employees in late February 2024, citing the challenging national investment climate as the primary reason. The cuts are part of a broader strategic shift to slow the pace of new startup creation. Operating in the health care and venture capital industry, Redesign Health acts as a startup studio, and this restructuring reflects the wider pressures facing tech and venture-backed firms in a tighter financial market.

Vice Media on 2024-02-22.

Affirm laid off 60 employees on 2024-02-21.

BuzzFeed is laying off 16% of its remaining workforce, affecting employees across the company as part of a restructuring effort to improve profitability. This follows the sale of its youth-culture media brand Complex to ecommerce platform Ntwrk for $108.6 million. With a remaining staff of just under 1,000, the cuts are expected to save about $23 million annually. The move, announced in late February 2024, comes after the company shut down its BuzzFeed News division in 2023. As a digital media company, BuzzFeed will now focus on its core brands like BuzzFeed, HuffPost, Tasty, and the retained First We Feast.

Rivian, an American electric vehicle manufacturer, announced layoffs affecting 10% of its salaried workforce on February 21, 2024, as part of a broader cost-cutting effort amid mounting pricing pressure in the EV market. This marks the company's third major workforce reduction since 2022. While Rivian more than doubled its vehicle production in 2023, it reported a significant annual loss exceeding $5.4 billion. To streamline operations and focus on future growth, including the launch of its more affordable R2 model, the company is implementing a cost transformation program that includes these layoffs, manufacturing upgrades, and design changes.

Auctane, a global shipping and delivery management technology company operating brands like Stamps.com and ShipStation, conducted layoffs on a Friday in February 2024. While the company did not confirm exact figures, reports indicate the layoffs impacted between 9% and 22% of its workforce. The decision was attributed to a strategic realignment in a challenging macroeconomic environment, with the company rescoping roles to strengthen its foundation, hiring in crucial areas while reducing investment in others. This follows significant changes under private equity ownership, including a rebranding and a recent overhaul of its executive team. The industry is ecommerce technology, and the company is described as a large, global leader in its field.

In February 2024, alternative protein maker Meati Foods, which produces meat substitutes from mushroom root (mycelium), announced a workforce reduction of 13% as part of a restructuring effort to build a financially sustainable business and achieve profitability. While the exact number of employees laid off was not disclosed, the company had reported having up to 150 employees in 2022. This move coincided with a leadership transition, appointing CFO Phil Graves as the new CEO while co-founder Tyler Huggins shifted to chief innovation officer. Despite the layoffs, Meati was actively scaling production and expanding its retail presence, with products in over 3,600 stores and plans to reach 10,000 locations by the end of 2024. The company, part of the burgeoning food tech industry focused on fungi-based products, had previously raised significant venture capital, including a $150 million round to expand operations.

May Mobility representing approximately 13% of its workforce on 2024-02-15.

In late January, Gro Intelligence, a New York- and Nairobi-based AI-powered agricultural and climate data insights startup, laid off approximately 20 employees, representing 10% of its workforce. The cuts, described as board-mandated "workforce adjustments" to reduce costs, were implemented abruptly, with affected staff notified on a brief company call. While the company, which raised an $85 million Series B in 2021, boasts a strong product and clientele ranging from agribusiness to governments, industry sources suggest challenges in sales execution and focus may be hindering growth. The layoffs occur amid a broader venture capital downturn, with Gro reportedly seeking additional funding through a convertible note as it aims for stability and its next stage of development.

CodeSee, a developer tools startup, is shutting down commercial operations on February 22nd, resulting in layoffs for its entire team. The company, which had grown its user base significantly in 2023, faced inconsistent sales growth and could not achieve the revenue needed to sustain operations. Despite receiving a term sheet for further funding, leadership determined it was insufficient to cover the extensive development required to expand support for complex codebases, multiple IDEs, and various programming languages, especially amid the evolving landscape of generative AI. The company is currently seeking acquisition to preserve its technology and team, but if unsuccessful, the team will disband.

Sonder laid off 106 employees representing approximately 17% of its workforce on 2024-02-15.

Toast laid off 550 employees representing approximately 10% of its workforce on 2024-02-15.

Away representing approximately 25% of its workforce on 2024-02-14.

Cisco, a major networking and technology company, announced plans on Wednesday, February 14, 2024, to lay off approximately 4,250 employees, representing 5% of its global workforce. This decision comes as part of a broader industry trend of cost-cutting in the tech sector. While the company reported strong fiscal second-quarter results, it provided a light revenue and earnings forecast for the upcoming quarters. CEO Chuck Robbins cited a cautious macroeconomic environment and increased customer scrutiny on deals as key challenges. The layoffs are aimed at restructuring and reallocating resources, particularly as Cisco prepares to integrate its pending $28 billion acquisition of Splunk.

Instacart, the grocery delivery service, announced on Tuesday that it is laying off approximately 250 employees, which represents about 7% of its workforce. This restructuring aims to create a flatter organizational structure by reducing middle management and refocusing teams on larger projects, such as advertising initiatives. The announcement coincided with the company's fourth-quarter earnings report, which met analyst revenue estimates. Additionally, three top executives are departing for personal reasons, with only the Chief Technology Officer role being backfilled. As a major player in the gig economy and tech industry, Instacart, which went public in September, continues to navigate challenges in profitability while investing in AI-driven growth.

Impinj laid off 50 employees representing approximately 10% of its workforce on 2024-02-13.

Mozilla laid off 60 employees representing approximately 5% of its workforce on 2024-02-13.

Israeli fintech company Riskified, which provides ecommerce fraud prevention, is laying off 40 employees, representing 6% of its total workforce of 750. The decision, announced on February 13, 2024, stems from a challenging macroeconomic environment that has led to lower-than-expected growth rates since its 2021 IPO. CEO Eido Gal explained the move as a necessary step to adjust expenses to revenue and accelerate progress toward long-term profitability targets. The layoffs will affect departments unevenly, with human resources and recruitment facing more significant cuts, and involve streamlining management layers and combining some teams. Despite a strong start with a $3.3 billion valuation at its public offering, the company's market cap has since declined to around $860 million amid broader tech sector downturns.

Redesign Health laid off 77 employees on 2024-02-13.

SiriusXM is laying off approximately 160 employees, which represents just under 3% of its total workforce. The cuts, announced by CEO Jennifer Witz in a memo to staff on February 12, 2024, are part of an effort to increase efficiency, agility, and flexibility amid a competitive audio streaming and satellite radio landscape. This follows a larger round of 475 layoffs in March 2023. The company, which reported flat revenue in Q4 2023 and saw a net loss of self-pay subscribers for the full year, is restructuring to redeploy resources toward strategic priorities and future subscriber growth, following recent initiatives like a new app and pricing plans.

Target announced on Monday, February 12, 2024, that it is laying off about 500 employees at distribution centers and regional offices as part of a restructuring effort to improve customer experience. The company is reducing store districts and reallocating resources to increase staffing and training in stores.

Grammarly is laying off 230 employees worldwide as part of a business restructuring to advance its focus on the AI-enabled workplace of the future. The layoffs affect most functions and geographies, and the company's financial position remains strong. This decision follows the company's growth from 200 to 1000 employees over the past five years and aims to realign skillsets and organizational design for AI-driven innovation.

Journera representing approximately 100% of its workforce on 2024-02-08.

Pure Storage, a Nasdaq-listed all-flash array supplier in the data storage industry, laid off up to 275 employees globally in early February 2024, representing about 4% of its workforce. This workforce rebalancing, affecting areas like data protection, AI, and alliances, aims to align employees with strategic business priorities amid competitive pressures. The move follows layoffs in the previous year and comes despite the company reporting strong Q3 2024 results with 13% revenue growth. However, a more downbeat Q4 outlook, influenced by a shift to subscription models and delayed shipments, alongside competitive challenges from rivals like Hammerspace in key markets such as AI and large language model training, contributed to the restructuring.

Car-sharing platform Getaround has laid off 30% of its North American workforce as part of a restructuring effort aimed at reducing costs, extending its cash runway, and accelerating its path to profitability. The company, which had 283 full-time employees at the end of 2022, did not disclose the exact number of current employees or those affected in this latest round, following a previous 10% reduction in February 2023. Announced on February 8, 2024, this move is expected to save about $7 million annually, despite up to $1 million in associated restructuring costs. While Getaround has reported revenue growth, including a 42% year-over-year increase in Q3, it remains unprofitable, with significant operating expenses and net losses. The company continues to operate in the competitive transportation and car-sharing industry, emphasizing its global marketplace and expansion into gig carsharing.

Grammarly laid off 230 employees on 2024-02-07.

Tenable representing approximately 5% of its workforce on 2024-02-07.

Blockchain unicorn Fireblocks is laying off 20 employees, representing 3% of its workforce, as part of a restructuring effort announced in February 2024. The company, which provides an enterprise platform for digital assets and was valued at $8 billion in 2022, stated the move aims to streamline its go-to-market and customer support operations for greater efficiency and to facilitate expansion into new regions. This marks the second round of layoffs, following a reduction of about 30 staff in February 2023. Despite the cuts, Fireblocks continues to hire, with approximately 100 open positions, half of which are in Israel, and has reassigned around 20 other employees to new roles within the company.

Amazon is laying off hundreds of employees at its healthcare units, One Medical and Amazon Pharmacy, as part of a broader cost-cutting initiative. The exact number is estimated between 115 and 400 roles. This move follows a company-wide mandate to reduce One Medical's fixed costs, aiming to save an additional $100 million this year after the unit reported a $420 million operating loss in 2022. The layoffs, announced in early February 2024, reflect Amazon's ongoing efforts to streamline operations and exert more control over its healthcare acquisitions, amidst a series of job cuts across other divisions like Twitch and Prime Video at the start of the year.

Glowforge on 2024-02-06.

DocuSign, a leading provider of electronic signature technology, announced a restructuring plan on Tuesday, resulting in layoffs for approximately 440 employees, which represents about 6% of its total workforce of 7,336. The company stated the move is aimed at improving financial and operational efficiency, with the majority of cuts affecting its sales and marketing departments. This decision follows stalled acquisition talks with private equity firms and comes as DocuSign anticipates meeting its fiscal targets. The restructuring is expected to be largely completed by the end of the company's second fiscal quarter of 2025.

Astarte Medical, a venture-backed healthcare technology startup focused on improving care for preterm infants, is shutting down after eight years. The company, which had raised $14 million and employed a small team, is laying off its remaining staff and selling its assets. This decision, confirmed in late December 2023, resulted from a challenging market environment where hospitals, facing slim margins, were slow to adopt new contracts, causing Astarte's revenue to fall short of investor expectations for further funding. Unable to secure the growth needed in the post-2022 downturn, the infant-tech startup ultimately chose to wind down operations.

In February 2024, Zwift, a global fitness and indoor cycling platform, announced a reduction in force, laying off an unspecified number of employees across all areas of the business. While the company did not disclose exact figures, it described the move as necessary to become leaner and focus on sustainable growth. Despite accelerated growth over the past year, Zwift stated that growth had not rebounded quickly enough to justify all ongoing investments. The company emphasized it remains a healthy business with a passionate community and is committed to its sponsorships, including the Tour de France Femmes. Concurrently, Kurt Biedler resigned as co-CEO, leaving Eric Min as the sole CEO.

Healthcare staffing startup Nomad Health conducted its third round of layoffs in less than a year last week, continuing a difficult period for the company. While the exact number of employees affected this time was not disclosed, the startup had previously cut 25% of its nonclinical staff in October 2023 and 17% of its overall workforce in February of that year. These reductions are a response to shrinking hospital budgets and a broader market downturn that has pressured the healthcare staffing sector. Nomad Health, which last raised $105 million in venture capital in June 2022, is among several peers in the industry that have been forced to downsize as funding has tightened and hospital customers face financial constraints.

Uber is laying off 168 employees in Boston this year as it prepares to shut down Drizly, the alcohol delivery service it acquired in 2021 for $1.1 billion. The layoffs, notified to the state last week, will begin in April and continue through August, following Drizly's announcement last month that it will slowly cease operations by the end of March. This move comes after Drizly, founded in 2012 and based in Boston, already laid off about 100 employees in March 2023 during its merger with Uber. The closure reflects Uber's strategy to consolidate its delivery services, redirecting Drizly customers to Uber Eats instead. The layoffs are part of the broader wind-down of Drizly, which saw a sales surge during the COVID-19 pandemic but is now being integrated into Uber's larger operations.

Snap, the parent company of Snapchat, announced layoffs on Monday, February 5, 2024, cutting approximately 500 employees, which represents about 10% of its global workforce. The social media company stated the restructuring aims to reduce hierarchy and promote in-person collaboration. This move is part of a broader trend of cost-cutting within the tech industry, following Snap's major 2022 layoffs. The company anticipates incurring related charges between $55 million and $75 million. Despite recent challenges in digital advertising, Snap had recently broken a streak of revenue declines.

BillGO laid off 80 employees on 2024-02-05.

Meetup, the social networking platform for organizing group events, has undergone significant layoffs as part of a restructuring following its acquisition by Bending Spoons. The company's new parent company, based in Europe, decided to move operations overseas, leading to a reduction in the US-based team. While the exact number of employees affected wasn't specified, the layoff impacted a substantial portion of the staff. This decision, communicated in early 2023, was driven by the need to integrate Meetup fully into Bending Spoons and eliminate overlapping roles. Despite the cuts, Bending Spoons plans to invest $50 million into product improvements and growth, aiming to enhance event discoverability and organizer tools for the community.

Cue Health, a San Diego-based biotechnology company that experienced rapid growth during the pandemic by producing COVID-19 test kits, is laying off approximately 245 employees, representing about one-third of its global workforce. This latest round of cuts, reported in February 2024, follows several previous layoffs totaling 884 workers since June 2022, primarily affecting its San Diego operations. The company, which expanded from 99 employees in early 2020 to over 1,500 by the end of 2022, is reducing staff due to a sharp decline in demand and funding for COVID-19 testing. Cue Health aims to cut costs and improve operational efficiency as it shifts focus to expanding its test menu on its health monitoring system, with the layoffs expected to incur $5 million to $7 million in one-time expenses.

Zoom, the video-conferencing company that surged during the pandemic, is laying off approximately 150 employees, which represents less than 2% of its total workforce. This move, confirmed in early 2024, is part of the company's regular evaluation to align teams with its strategic goals, rescoping roles to add capabilities while continuing to hire in critical areas like artificial intelligence, sales, and product development. The layoffs are not companywide and follow a broader trend of tech industry cuts aimed at efficiency, with over 100 companies reducing about 30,000 jobs to start the year. This comes after Zoom's larger reduction of around 1,300 jobs (15% of its workforce) in February 2023, driven by economic uncertainty as the company adjusts to post-pandemic shifts in remote work demand.

Identity management company Okta announced on Thursday that it is laying off 400 employees, representing approximately 7% of its workforce. CEO Todd McKinnon stated the decision was a difficult but necessary proactive measure to address high costs and achieve long-term profitable growth, emphasizing the need to run the business with greater efficiency and invest more thoughtfully. This marks the second round of layoffs in roughly a year for the tech firm, following a smaller reduction in February 2023. The announcement comes amid a wave of job cuts in the technology industry in early 2024.

Polygon Labs laid off 60 employees, about 19% of its staff, as announced by CEO Marc Boiron on Thursday. The layoffs aim to create a more efficient team with less bureaucracy, following growth during the crypto bull market. Affected employees will receive two months severance and health benefits, while remaining staff get a 15% compensation increase.

Indigo on 2024-02-01.

Illumina, a leading San Diego-based biotech company specializing in DNA-sequencing technology, is laying off 111 employees at its headquarters, effective March 12, 2024. This latest workforce reduction, announced in January, follows a challenging period marked by regulatory battles and shareholder activism. The company, which had approximately 10,200 global employees as of early 2023, is restructuring after losing a federal antitrust case, forcing it to divest Grail, a $7 billion cancer-testing startup it acquired in 2021. These layoffs, which include vice presidents, scientists, and engineers, are part of broader cost-cutting efforts to save $100 million, following several rounds of job cuts in 2023 that eliminated 230 positions in San Diego alone.

Thinx, the period underwear brand, is laying off 95 employees in New York City effective May 1, as part of organizational changes following its integration into majority owner Kimberly-Clark's global portfolio. The layoffs, cited as due to a merger and plant layoff in a WARN notice filed in late January, represent a restructuring effort as the direct-to-consumer brand, founded in 2013, continues to expand its retail presence in stores like Walmart and Target. The move underscores the ongoing evolution of the brand within the broader consumer goods industry under its corporate parent.

The Messenger, a digital news startup launched in May 2023, abruptly shut down on January 31, 2024, resulting in the layoff of its entire staff. The company, which employed approximately 300 people, was forced to close after failing to secure sufficient funding to reach profitability. Founder Jimmy Finkelstein announced the immediate closure in an email to employees, citing an inability to raise the necessary capital despite exhaustive efforts. The shutdown left staff without severance, with their final paychecks issued on the day of closure. The Messenger, which had aimed to provide non-partisan news coverage, ceased operations less than a year after its high-profile launch, highlighting the financial challenges facing media startups.

Trove Recommerce laid off 130 employees on 2024-01-31.