Layoffs in United States

Stitch Fix, the online personal styling service, is eliminating all full-time positions for its stylists and laying off 10 styling leaders as part of a broader cost-cutting effort. This shift to a fully part-time model, effective March 31, 2024, impacts about a quarter of its roughly 2,620 stylists who were previously full-time. The move comes as the apparel e-commerce retailer faces persistent challenges, including seven consecutive quarters of declining sales and a shrinking active client base. Despite making progress on reducing losses, the company is restructuring its styling workforce to further control expenses in a competitive retail industry.

B2B fashion startup Fashinza has laid off half of its workforce amid significant struggles to find a sustainable business model. The company, which operates in the fashion and manufacturing industry, has seen its gross merchandise value decline from $50 million to $40 million and stagnate over the past 18 months. This downsizing, part of broader organizational restructuring, comes as Fashinza has cycled through three different business models in just three years and faced a series of high-level executive departures. The layoffs, reported in early 2024, were implemented to reduce cash burn, which has been lowered from a peak of about Rs 8-9 crore monthly to around Rs 2.5 crore.

Amazon has laid off approximately 30 employees from its Buy with Prime division, affecting fewer than 5% of the unit's staff, as part of ongoing cost-cutting measures. This follows recent job reductions in other divisions like Prime Video, MGM Studios, Twitch, and Audible, continuing a series of layoffs that began in late 2022 and have totaled over 27,000 positions company-wide. Despite the cuts, Amazon states that Buy with Prime remains a priority and will continue to receive significant investment. The tech giant is assisting affected employees in finding new internal roles and providing pay, benefits, and severance packages.

In January 2024, YouTube, the video-sharing platform owned by Google, announced layoffs affecting 100 employees. This move was part of a broader restructuring effort within Google to streamline operations and reallocate resources toward key product priorities. The cuts specifically targeted YouTube's creator management and operations teams. While impacted staff were given the opportunity to apply for other roles within the company, the layoffs reflect ongoing organizational changes across the tech industry. This event occurred amidst a series of job reductions at Google and other major tech firms in the early weeks of the year.

Google, a major tech company, is laying off several hundred employees from its advertising-sales team as part of a restructuring effort. The cuts, announced in January 2024, primarily affect the large-customer-sales unit, which serves bigger advertising clients. This move aligns with a shift in focus toward the Google customer-solutions team that handles medium-level clients, as larger clients now require fewer dedicated resources. The layoffs reflect ongoing changes in how Google's sales operations are organized, though the company states they are unrelated to its AI automation tools. While the exact percentage of total employees impacted isn't specified, the reductions number in the hundreds globally within the advertising division.

SonderMind, a mental health tech unicorn startup, laid off 17% of its workforce in January 2024. The company, which matches patients with local therapists, reduced staff as part of broader adjustments in the health tech industry. While the exact number of affected employees wasn't specified, the percentage indicates a significant restructuring for the company, reflecting ongoing challenges in the sector.

First Mode laid off 48 employees representing approximately 20% of its workforce on 2024-01-16.

Vendr on 2024-01-12.

Instagram has cut 60 technical program manager positions, eliminating a layer of management as part of a reorganization to focus on new areas like Creation, Creators, and Friend Sharing, aligning with Meta's 'Year of Efficiency' initiative.

Hologram, a company in the IoT connectivity industry, conducted layoffs affecting over 30 employees, as announced in a LinkedIn post. The cuts impacted various departments including sales, product, design, customer success, and marketing. While the exact percentage of the workforce and total employee count were not specified, the layoffs were described as a response to challenging market conditions, with the post noting "a brutal market for us." The event occurred on a Friday, with the announcement made in early 2023. Hologram operates as a SaaS startup providing cellular connectivity for IoT devices, indicating it is a venture-backed, growth-stage company. The layoffs resulted in the departure of key personnel, such as the Head of Product and Design and a Sales Director, who had contributed significantly to the company's recent performance.

Despite achieving record market share and profitability in 2023, data protection company Veeam laid off approximately 300 employees in January 2024 as part of an organizational restructure. This follows a previous layoff of 200 staff in March 2023. With a total workforce of over 5,000 employees, this latest reduction impacts a significant portion of its staff. The company, a major player in backup and ransomware protection with over 450,000 customers, stated the move was to prioritize investments and transition roles, while also ramping up hiring in other areas. The context suggests cost-trimming efforts may be related to preparing for a potential future IPO.

Artifact, the news aggregation and social networking startup founded by Instagram's co-founders, is shutting down in early 2024, resulting in the layoff of its entire team. The company, which had scaled to a small team, decided to wind down operations after determining the market opportunity was insufficient to justify continued investment. Despite pivoting from a simple news reader to a more social, creator-focused platform with AI-powered features, it faced intense competition in a crowded space, including from Meta's Threads. Core news functions will remain available until the end of February, allowing users time to transition. This closure reflects broader challenges in the news aggregation and social media industry, where shifting user behaviors and the rise of AI are reshaping the landscape.

Google laid off over 1,000 employees across multiple divisions, including voice-activated Google Assistant and hardware teams managing Pixel, Nest, and Fitbit, as part of organizational changes to become more efficient and align resources with product priorities. The layoffs were announced on January 11, 2024, and the company had 182,000 employees as of September 30, 2023. Fitbit co-founders also left as part of this restructuring.

Chief on 2024-01-11.

Cloudflare, a major internet infrastructure and cybersecurity company, laid off approximately 40 employees in late 2024. This represented a small fraction of its global workforce, which numbered over 3,800 at the time. The decision was part of a strategic restructuring to streamline operations and reallocate resources toward its highest-priority product areas, particularly artificial intelligence and security. The move reflects ongoing adjustments within the competitive tech industry as companies focus on core growth initiatives.

Audible, the Amazon-owned audiobook and podcast service, laid off just over 100 employees, representing about 5% of its workforce, in January 2024. This move is part of broader cost-cutting efforts across Amazon, impacting divisions like Prime Video and Twitch. CEO Bob Carrigan explained the decision was necessary to become leaner and more efficient amid a challenging business landscape, aiming to ensure long-term success despite the company having a strong 2023. The layoffs did not affect content teams.

Business intelligence unicorn Sisense has laid off approximately 60 employees, representing about 13% of its remaining workforce, in its second round of job cuts within six months. This follows a previous layoff of 100 employees in July 2023. Since 2022, the company's total headcount has been halved from around 800 to about 400 employees. The layoffs, announced in January 2024, are part of a broader restructuring that has included executive departures, a hiring freeze, and several shifts in business strategy, including a renewed focus on integrating analytics tools into other enterprise software. Despite reporting $150 million in annual recurring revenue, the established AI and data analytics firm continues to streamline operations amid market challenges.

Audible, an Amazon-owned audiobook company, announced layoffs affecting 5% of its staff on January 11, 2024, as revealed in a leaked memo from CEO Bob Carrigan. The decision was attributed to an 'increasingly challenging landscape,' despite the company having a strong performance in 2023. This move is part of broader workforce reductions at Amazon, which has seen significant layoffs across its subsidiaries, including Twitch, MGM Studios, and Prime Video, as the tech giant restructures its entertainment divisions amid ongoing cost-cutting efforts in the industry.

Discord, the popular messaging and community platform, is laying off 170 employees, which represents 17 percent of its workforce. The cuts, announced on January 11, 2024, are the company's largest to date and follow a previous reduction of 4 percent in August 2023. In an internal memo, CEO Jason Citron stated that the layoffs are intended to sharpen the company's focus and improve operational agility. He admitted that Discord expanded its headcount too rapidly, growing fivefold since 2020, which led to inefficiency. While not in dire financial straits, the company has yet to achieve profitability and is working to revive user growth after a pandemic surge. This move is part of a broader trend of workforce reductions across the tech industry.

Certinia on 2024-01-11.

Dextrous Robotics representing approximately 100% of its workforce on 2024-01-11.

FreshDirect, the New York City-based online grocery service, has laid off more than 100 employees, representing 3.5% of its workforce of over 3,000, as part of a corporate restructuring. This move comes two months after its parent company, Ahold Delhaize USA, announced the sale of FreshDirect to rapid delivery firm Getir. The company stated the restructuring is necessary for long-term sustainability, affecting various divisions including talent acquisition, transportation, and IT. As one of the U.S.'s pioneering online grocers, FreshDirect has faced challenges expanding beyond its core tri-state region, leading to this strategic shift in early 2024.

Cloud Software Group (CSG), the parent company of Citrix, has laid off approximately 1,000 employees, representing about 12 percent of its global workforce, as part of a streamlining effort to build a stronger foundation for future growth. CEO Tom Krause announced the cuts in a LinkedIn post, noting that many of the affected roles in operations, security, and IT functions are expected to be rehired by partners in an outsourced capacity, potentially impacting around 500 individuals. This move follows a previous 15 percent workforce reduction a year ago and is aimed at simplifying internal processes and better aligning resources with business unit strategies. CSG, formed in 2022 through the merger of Citrix and Tibco, operates in the enterprise software industry and serves over 100 million users globally.

SoFi, a financial technology company, laid off approximately 60 employees, representing about 5% of its workforce, in January 2023. The layoffs were part of a strategic restructuring to streamline operations and improve efficiency amid broader economic uncertainty. The fintech industry has faced significant challenges, and SoFi, as a publicly traded company, made this adjustment to better position itself for future growth.

Instagram, owned by Meta, has begun 2024 by eliminating a layer of management as part of CEO Mark Zuckerberg's ongoing "efficiency" drive. This week, the company informed at least 60 technical program managers (TPMs) at Instagram that their roles are being removed, effectively laying them off. These employees are being offered the chance to reinterview for product manager positions, but if unsuccessful, their employment will end in March. This move aligns with Meta's broader "flattening" strategy to reduce management layers and streamline operations, continuing the trend of restructuring that began with significant layoffs last year. The tech giant aims to adjust its headcount closer to 2020 levels, reflecting ongoing shifts in the social media and technology industry.

Google, a major player in the tech industry, confirmed on January 11, 2024, that it laid off around a thousand employees. The cuts impacted several divisions, including core engineering, Google Assistant, and the hardware team responsible for Pixel, Nest, and Fitbit products, with "a few hundred" roles eliminated in each. This move is part of a broader post-pandemic effort by the company to streamline operations and improve efficiency. While the exact percentage of its total workforce is not specified, these layoffs reflect ongoing organizational changes within the large-scale corporation.

Twitch, an Amazon-owned livestreaming platform, is laying off 500 employees, which represents 35% of its staff, as part of efforts to build a more sustainable business and align its organization size with current business scale and conservative growth predictions.

Amazon announced layoffs affecting 'several hundreds' of employees at Prime Video and MGM Studios, as part of a broader effort to reduce investments in certain areas and focus on high-impact content and product initiatives. The cuts were announced in a memo by senior vice president Mike Hopkins on Wednesday, with notifications beginning in the U.S. and extending to other regions by the end of the week. This follows previous layoffs at Amazon, including 500 at Twitch and thousands across other divisions in 2023.

ChargePoint representing approximately 12% of its workforce on 2024-01-10.

Beam Benefits laid off 74 employees on 2024-01-10.

IAC laid off 330 employees on 2024-01-10.

FullStory laid off 50 employees representing approximately 10% of its workforce on 2024-01-09.

In December 2023, fintech startup Treasure Financial laid off 14 employees, which represented approximately 60% to 70% of its workforce. The San Francisco-based company, which provides cash management software and is a registered investment advisor, cited a need to streamline operations and align with strategic goals and financial realities. This move came just months after the company reported explosive growth in mid-2023, having doubled its client base to about 300 and nearly doubled its assets under management to roughly $500 million following a $7.5 million funding round in July. CEO Sam Strasser attributed the layoffs to market conditions and organizational challenges, noting that severance and extended benefits were provided to affected staff.

Humane, the secretive AI hardware startup founded by former Apple executives, laid off 10 employees this week, representing 4 percent of its workforce, as a cost-cutting measure ahead of the launch of its first product. The five-year-old company, which has raised over $200 million from prominent investors like OpenAI's Sam Altman, is preparing to ship its highly anticipated AI Pin in March. The $699 wearable device, positioned as a smartphone alternative, requires a monthly subscription. CEO Bethany Bongiorno described the layoffs as part of a strategic organizational refresh to align the company for its next growth phase as it transitions from a development startup to a commercial hardware entity.

Uber Freight laid off 40 employees on 2024-01-09.

Twitch laid off 500 employees representing approximately 35% of its workforce on 2024-01-09.

Nevro laid off 63 employees representing approximately 5% of its workforce on 2024-01-09.

Rent the Runway laid off 37 employees representing approximately 10% of its workforce on 2024-01-09.

Discord laid off 170 employees, representing 17% of its staff, due to over-hiring and the need to improve efficiency, as announced on January 9, 2024. The company grew its workforce fivefold since 2020 but is not yet profitable, leading to this restructuring.

Morning Consult on 2024-01-09.

Branch laid off 85 employees on 2024-01-09.

Unity laid off 1,800 employees representing approximately 25% of its workforce on 2024-01-08.

MeridianLink, a provider of software solutions for the financial services and mortgage industries, has conducted a layoff affecting approximately 4% of its workforce. This reduction, which occurred in early 2024, is part of a strategic restructuring effort aimed at improving operational efficiency and aligning the company's cost structure with its long-term growth objectives. The move reflects broader challenges and adjustments within the fintech and mortgage technology sectors.

Lendio, a financial technology company in the small business lending sector, conducted a reduction in force, laying off a number of employees. The announcement was made by a company representative via a LinkedIn post, which expressed regret over letting go of talented engineering staff. While the exact number of affected employees and the percentage of the workforce were not specified in the available post, the layoffs were framed as an unfortunate but necessary business decision. The event occurred approximately two years prior to the current date, based on the post's timestamp.

Ledger Investing representing approximately 25% of its workforce on 2024-01-08.

Flexe laid off 99 employees representing approximately 38% of its workforce on 2024-01-08.

NuScale Power laid off 154 employees representing approximately 28% of its workforce on 2024-01-08.

Here, a Miami-based fractional short-term vacation rental marketplace startup, has shut down its investment platform on January 3, 2024, citing the challenging interest rate environment and economic conditions. While the company did not disclose specific layoff figures, the closure of this core platform suggests a significant operational downsizing. Founded in 2021 and launching in 2022, the proptech/fintech startup had raised $5 million in known funding. The platform, which allowed investors to buy partial ownership in vacation rentals for as little as $1, reported a net loss from its properties in the first half of 2023. The company stated its other business units would continue, but the investment platform's failure reflects broader struggles for proptech ventures in the current financial climate.

LiveVox on 2024-01-07.

NanoString Technologies laid off 50 employees representing approximately 9% of its workforce on 2024-01-06.