Layoffs in United States

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.

Cue Health laid off 94 employees representing approximately 13% of its workforce on 2024-01-05.

In early January 2024, San Francisco-based recruiting software startup Lever, a subsidiary of Employ, conducted layoffs, becoming one of the first tech firms to reduce headcount in the new year. The company did not disclose the exact number of employees affected, but the cuts included customer service roles. This move reflects ongoing challenges in the tech hiring sector, following a difficult 2023 where over 76,000 tech workers were laid off in the Bay Area. Lever, which provides applicant tracking systems for clients like Netflix and KPMG and was valued around $550 million prior to its 2022 acquisition, stated the reductions were made to align its objectives and financial plans for 2024 and beyond.

VideoAmp, a measurement and analytics company in the advertising technology industry, laid off 20% of its workforce in early January 2024. This significant staff reduction coincided with the CEO stepping down, indicating a period of restructuring and leadership transition for the firm. The layoffs reflect broader challenges and adjustments within the competitive ad tech sector.

InVision representing approximately 100% of its workforce on 2024-01-04.

Xerox is laying off approximately 3,075 employees, representing 15% of its workforce of about 20,500, as part of a major restructuring announced in early 2024. The technology and document management company is implementing a new organizational structure and operating model to streamline its core print business, improve global efficiency, and increase focus on IT and digital services. The job cuts are being executed in the first quarter of the year, accompanied by a redesign of the executive team to drive this strategic shift.

The Messenger laid off 24 employees on 2024-01-02.

Frontdesk, a short-term rental and proptech startup, laid off its entire 200-person workforce on January 2, 2024, after failing to secure a necessary bridge round of funding. The company, which managed over 1,000 furnished apartments across the U.S., informed employees of the mass termination via a brief virtual meeting and announced plans to file for a state receivership. Founded in 2017 and having raised approximately $26 million, Frontdesk's collapse highlights ongoing challenges in the proptech sector, coming just months after it acquired rival Zencity. The layoff effectively represents a 100% reduction in staff as the company nears a complete shutdown.

Strake, a technology startup, is shutting down at the end of the year, resulting in layoffs for its entire team. The company's co-founder announced the closure and publicly vouched for the affected employees, listing at least ten individuals specializing in front-end development, backend engineering, data, design, and infrastructure. While an exact total employee count isn't provided, the post confirms a full team wind-down. The closure appears to be a company shutdown rather than a partial reduction, affecting all staff as Strake ceases operations.

Hyperloop One representing approximately 100% of its workforce on 2023-12-21.

Palmetto Clean Technology on 2023-12-21.

Intel laid off 311 employees in California just before the holidays, with 235 positions cut at its Folsom offices and 76 at its Santa Clara headquarters, effective December 31, 2023. This represents a small fraction of its global workforce of about 110,000. The layoffs are part of Intel's broader cost-cutting strategy, aiming to reduce annual spending by $3 billion in 2023 and $10 billion by 2025, following a challenging fiscal year that began with significant losses. The semiconductor giant has also canceled several projects and product lines to streamline operations and accelerate its strategic goals amid competitive pressures.

Kaspien representing approximately 100% of its workforce on 2023-12-19.

Enphase Energy, a solar technology company, announced on December 18, 2023, a workforce reduction impacting approximately 350 contractors and employees, representing about 10% of its global workforce. This layoff is part of a broader restructuring to streamline operations amid a challenging macroeconomic environment for the solar industry. The company cited high interest rates reducing consumer demand in the U.S., market uncertainty from policy changes like California's NEM 3.0, and a slowdown in European demand leading to high inventory. To become leaner and more efficient, Enphase will also cease contract manufacturing in Timisoara, Romania, and Wisconsin, U.S., resize other sites, and extend hiring and travel freezes into 2024, aiming to reduce quarterly operating expenses.

Glowforge laid off 30 employees on 2023-12-15.

Superpedestrian, an e-scooter startup, is shutting down its U.S. shared scooter operations on December 31, 2023, and exploring a sale of its European business. The company, which had raised $125 million just 18 months prior, cited financial difficulties as the reason, despite efforts from investors to keep it afloat. This move follows a series of layoffs and reflects broader challenges in the e-scooter industry, such as market exits and valuation declines. The shutdown will result in minimal staff remaining as scooters are retrieved nationwide.

Duolingo cut around 10% of its contractor workforce at the end of 2023, citing AI models like GPT-4 to streamline content production and translations, with the layoffs announced on December 15, 2023.

Curbio, a PropTech company specializing in home renovation services, recently conducted layoffs due to a challenging home sales market. While the exact number of employees affected and the percentage of the workforce reduced were not specified in the post, the company acknowledged the staff reduction as a response to tough market conditions. The layoffs highlight the broader pressures within the real estate technology sector, where fluctuating home sales can impact demand for related services. This move reflects Curbio's adjustment to current economic realities, aiming to streamline operations amidst a slower housing market.

Stellar Pizza representing approximately 50% of its workforce on 2023-12-14.

Cruise, the self-driving car subsidiary of General Motors, laid off 900 employees in December 2023, representing 24% of its then 3,800-person workforce. This major restructuring aimed to slash costs and revamp the company following a severe safety incident in October where a pedestrian was struck and dragged by a Cruise robotaxi. The layoffs primarily targeted non-engineering roles in field operations, commercial operations, and corporate staffing, as the company refocused its strategy to rebuild its service cautiously in one city. The announcement was made via a company-wide email from the new president and CTO, with affected workers receiving severance packages including extended pay and benefits.

Flyhomes on 2023-12-14.

Bolt representing approximately 29% of its workforce on 2023-12-14.

Flex, a global electronics manufacturing services provider, is laying off 31 employees at its Milpitas, California facility, with the cuts scheduled to take effect on January 6, 2024. This move is part of a broader wave of tech and finance industry layoffs in the Bay Area ahead of the holidays, as companies adjust to ongoing economic uncertainties. While the exact percentage of Flex's total workforce affected is not specified in the state filing, the layoffs are described as permanent. The company operates on a large scale, offering contract manufacturing across various industries.