Layoffs in United States

Stack Overflow, the popular coding help forum, has laid off 28 percent of its staff, affecting over 100 employees. This reduction comes just over a year after the company doubled its workforce to more than 500 people in a significant hiring push. CEO Prashanth Chandrasekar announced the cuts on October 16, 2023, citing efforts to move toward profitability, with significant reductions in go-to-market, support, and other teams. The layoffs occur amid the ongoing generative AI boom, which has introduced AI coding assistants that challenge traditional developer forums. Stack Overflow has faced issues with AI-generated answers, including a temporary ban and moderator strikes, reflecting broader industry shifts as the company navigates its position in the tech landscape.

On October 16, 2023, LinkedIn, the Microsoft-owned professional networking platform, announced it would lay off 668 employees. This follows a previous round of 716 layoffs in May 2023, bringing the total job cuts for the year to 1,384. The majority of the latest reductions, about 563 positions, are within research and development, affecting engineering, product, talent, and finance teams. The company, which reported over 950 million members and $15 billion in revenue, stated the layoffs are part of adapting its organizational structure and streamlining decision-making while continuing to invest in strategic priorities. This move aligns with a broader trend of over 242,000 layoffs in the tech sector in 2023 and reflects LinkedIn's ongoing shift, including a focus on integrating more AI-powered tools and talent into its operations.

C2FO laid off 80 employees representing approximately 3% of its workforce on 2023-10-16.

Bandcamp, an online music platform known for supporting independent artists, has recently undergone layoffs affecting a significant portion of its workforce. While the exact number of employees impacted has not been officially disclosed, reports indicate that the cuts are substantial, potentially affecting around half of the staff. This restructuring follows Bandcamp's acquisition by Songtradr, a music licensing company, from Epic Games in late 2023. The layoffs are part of Songtradr's integration efforts to streamline operations and focus on core business areas within the competitive digital music and licensing industry. As a mid-sized company in the tech and music sectors, these changes reflect broader challenges in the industry as companies adapt to evolving market demands and ownership transitions.

Kayak and OpenTable, both brands under Booking Holdings, laid off 80 employees. The layoffs were part of a broader restructuring effort within the parent company, reflecting ongoing adjustments in the online travel and restaurant reservation industry. While the exact percentage of the workforce affected and the total employee count were not specified, the move highlights the competitive and evolving nature of the travel tech sector. The announcement was made recently, as reported by Skift, indicating a strategic shift to streamline operations and focus on core business priorities amid market challenges.

Supply chain software startup Flexport is laying off about 20% of its global workforce, affecting roughly 700 employees based on a reported total of around 3,500. The job cuts, announced by CEO Ryan Petersen on October 12, 2023, are part of a restructuring effort following his return as CEO last month. Petersen cited a need to reduce overspending and overhiring from the previous leadership to steer the company back toward profitability, aiming for a turnaround by the end of next year. This move adds to recent internal turmoil, including executive overhauls and cost-cutting measures, as the tech industry faces ongoing challenges.

Uno Health, a healthcare technology company, conducted a layoff in October 2023, affecting at least 16 employees as indicated in a leaked list dated October 13. The impacted roles spanned operations, engagement, recruitment, and application coordination, primarily at entry to mid-level positions, with staff located in New York City and Salt Lake City working in remote or hybrid arrangements. While the exact percentage of the workforce and total employee count are not specified in the provided data, the layoffs reflect broader challenges in the health tech sector, where companies often adjust staffing to manage costs and streamline operations amid shifting market conditions.

MariaDB laid off 84 employees representing approximately 28% of its workforce on 2023-10-12.

Lending Club laid off 172 employees representing approximately 14% of its workforce on 2023-10-12.

Qualcomm, a major semiconductor manufacturer, is laying off approximately 1,258 employees in California, affecting its offices in San Diego and Santa Clara. These cuts, representing about 2.5% of its roughly 51,000-person workforce, are set to take effect around mid-December 2023. The company cites macroeconomic uncertainty and a challenging demand environment as reasons, framing the layoffs as part of broader restructuring efforts to focus on key growth areas. No facility closures are planned at the impacted locations.

Deepgram laid off 20 employees representing approximately 20% of its workforce on 2023-10-11.

In October 2023, fintech startup Braid, a San Francisco-based consumer payments company, announced it had shut down in September. The company, which had raised $10 million from investors like Index Ventures and Accel, aimed to popularize shared wallets for group savings and spending. Founder Amanda Peyton cited the business model's lack of viability as the primary reason, compounded by a critical loss of its sponsor bank in mid-2022 that left the company inoperable for months. While the exact number of employees laid off wasn't specified, the closure resulted in the entire team being let go as the four-year-old venture wound down operations.

Stitch Fix, an online personal styling service, is laying off 558 employees at its Dallas distribution center as part of a broader restructuring plan announced in June. The layoffs, which will occur between December 2023 and April 2024, result from the closure of this facility and another in Bethlehem, Pennsylvania, reducing the company's distribution network from five to three locations. This consolidation is expected to save $10-15 million annually. While most affected are warehouse associates, Stitch Fix may rehire some employees at its remaining centers in Atlanta, Phoenix, and Indianapolis. The company is also exiting the U.K. market, reflecting its shift toward optimizing operations and focusing on core markets.

Blue Origin laid off 40 employees on 2023-10-09.

Carbon Health laid off 114 employees representing approximately 5% of its workforce on 2023-10-09.

In October 2023, Product Hunt, a popular platform for discovering new tech products and startup projects, conducted a significant round of layoffs impacting approximately 60% of its staff. The cuts, announced by CEO Rajiv Ayyangar on October 10, affected multiple functions including design, product, and sales, as the company sought to streamline operations for greater speed and focus. While the exact number of employees laid off wasn't specified, the drastic percentage indicates a major restructuring for the small to mid-sized tech company, which retained its engineering, ads, and community teams. The layoffs reflect broader challenges in the tech industry as companies adjust to economic pressures and prioritize core functions.

In late September, Florida-based vacation rental property management company VTrips laid off approximately 75 employees, representing over 9% of its full-time workforce. Founder and CEO Steve Milo described the cuts as "seasonal layoffs" and "planned synergies," citing a strategic shift following rapid expansion through acquisitions in 2021 and 2022. The company, like others in the U.S. property management industry, faced a downturn in 2023, with average daily rates and occupied nights falling about 10% below budget. This move reflects broader challenges within the sector as companies adjust to post-pandemic market realities.

InvestCloud laid off 80 employees representing approximately 5% of its workforce on 2023-10-06.

The provided content appears to be a list of cryptocurrency prices and does not contain any information about a layoff event at Yuga Labs. Therefore, it is not possible to summarize a layoff from this data.

Juniper Networks laid off 440 employees representing approximately 4% of its workforce on 2023-10-06.

Dash, a fintech startup in Africa's digital wallets industry, laid off most of its staff in early October 2023 as the company began winding down operations. The layoffs affected over 70 employees, representing nearly the entire workforce, following months of internal uncertainty. This drastic move came after Dash raised over $80 million in venture capital but ultimately failed to sustain its business model, leading to its unraveling and leaving stakeholders bewildered by the rapid decline.

In October 2023, Brave Software, the company behind the privacy-focused Brave Browser and Search, laid off 9% of its workforce across several departments. While the exact number of affected employees was not disclosed, the cuts were attributed to cost management measures in response to a challenging economic climate. The layoffs occurred as Brave was actively working to diversify its revenue streams, including transitioning its search engine to its own indexing solution, launching a paid Search API, and developing a native AI assistant called Leo for its browser.

Shift representing approximately 100% of its workforce on 2023-10-06.

Enovix laid off 185 employees on 2023-10-05.

SeekOut laid off 16 employees representing approximately 7% of its workforce on 2023-10-05.

Edtech startup SchoolMint conducted its second round of layoffs this year last week, cutting 29 full-time employees, which represents 14.5% of its staff. This follows a similar reduction in March, and the company cited a "rapidly-changing market" as the reason. Before these cuts, SchoolMint had over 250 employees. The layoffs occurred across all departments and reflect broader uncertainty in the edtech sector, which has seen a significant slowdown in venture funding after a pandemic boom. Founded in 2013 and later acquired by private equity firm BV Investment Partners, SchoolMint provides enrollment management solutions for public and charter schools.

Meta on 2023-10-04.

Qualtrics laid off 780 employees representing approximately 14% of its workforce on 2023-10-04.

Block, the US-based financial technology company and parent of Afterpay, has initiated layoffs affecting an unspecified number of employees. The company, which operates in the fintech and payments industry, is implementing these cuts as it contends with internal performance targets and a declining share price. The move, reported in early October 2023, reflects broader challenges within the tech and fintech sectors as companies adjust to economic pressures and shifting market conditions. While exact figures on the total workforce and percentage impacted are not detailed, the restructuring underscores Block's efforts to streamline operations and improve financial stability amid a turbulent period for the company.

Bird, the shared micromobility company, conducted a round of layoffs in early October 2023, following its recent acquisition of e-scooter operator Spin. While the exact number of affected employees was not disclosed, the cuts were aimed at reducing redundancies and creating a more efficient integrated team after the merger. This move comes as Bird, which was delisted from the New York Stock Exchange the prior week, has struggled with profitability since going public in 2021. The company faced challenges from a high-cost, low-return business model and a previous growth-at-all-costs strategy, leading to significant cash burn and loss of investor confidence.

Twitch, the live-streaming platform owned by Amazon, has conducted a second round of layoffs this year, affecting an unspecified number of employees within its customer experience organization. This follows a larger reduction in March that saw over 400 staff let go as part of Amazon's broader plan to cut 9,000 jobs. The latest cuts are significantly smaller and are attributed to a strategic shift toward outsourcing customer experience roles. The move reflects ongoing efforts to streamline costs amid economic uncertainty, as highlighted by Amazon CEO Andy Jassy. Twitch operates in the digital media and streaming industry and is a major player in the gaming and content creation space.

Sendoso, a SoftBank-backed gifting startup, has conducted its fourth round of layoffs in the past 16 months, affecting an undisclosed number of employees across departments like engineering, HR, accounting, and customer success. This follows a previous round in June 2022, where about 100 employees, or 14% of its then 700-person workforce, were cut. The company, which offers a platform for sending corporate gifts, is restructuring amid a challenging funding environment and broader economic uncertainty. Many startups, including Sendoso, are reducing headcount as venture capital investment has significantly declined, forcing cost-cutting measures to sustain operations.

Chia Network, a blockchain and cryptocurrency company, laid off 26 employees on October 2, 2023, representing over a third of its 70-person workforce. This significant staff reduction stems from a delayed initial public offering (IPO) process, primarily caused by the loss of its banking partner, Credit Suisse. While the company has secured a new bank, the extended timeline and uncertain regulatory review by the U.S. Securities and Exchange Commission (SEC) have created financial strain. To extend its operational runway, Chia is considering its first-ever sales of a limited portion of its XCH token holdings, a move it had previously avoided due to regulatory concerns. The layoffs, focused on ecosystem support roles, reflect the broader challenges crypto firms face in a difficult funding environment as they navigate compliance and market pressures.

Chainalysis laid off 150 employees representing approximately 15% of its workforce on 2023-10-02.

IronNet, a cybersecurity startup founded by former NSA director Keith Alexander, has ceased operations and laid off its remaining staff as it files for Chapter 7 bankruptcy. The company, which had raised over $400 million and once served fewer than 100 corporate customers, had already cut 17% of its workforce in June 2023. Following its public listing in 2021, IronNet struggled to maintain traction, leading to its eventual shutdown in October 2023. The Virginia-based firm, which provided threat intelligence and infrastructure protection solutions, will liquidate assets to pay debts, with no returns expected for stockholders.

In October 2023, the fintech and banking-as-a-service startup Synapse laid off 86 employees, which constituted approximately 40% of its workforce. This significant reduction followed a previous round of layoffs in June 2023, when the company cut 18% of staff, citing challenging macroeconomic conditions that impacted client growth. The latest cuts were reported amid industry speculation, including claims that a major client, Mercury, was planning to leave its platform. Founded in 2014 and backed by Andreessen Horowitz, the San Francisco-based company had raised over $50 million in venture capital and provided infrastructure for banks and fintechs to build financial services.

Cowbell laid off 28 employees representing approximately 12% of its workforce on 2023-09-29.

Epic Games, the creator of Fortnite, announced layoffs on September 28, 2023, cutting 16% of its workforce, which affects approximately 870 employees. The company, operating in the video game and technology industry, made this decision after acknowledging it had been spending significantly more than it earns while investing heavily in expanding Fortnite into a metaverse ecosystem. CEO Tim Sweeney stated that despite prior cost-cutting measures like a hiring freeze and reduced marketing, the financial situation remained unsustainable, necessitating these layoffs to stabilize the company. Concurrently, Epic is divesting Bandcamp and spinning off most of SuperAwesome to streamline operations. The layoffs primarily impact teams outside core development, with the company aiming to maintain focus on key projects like future Fortnite seasons while striving for long-term profitability and leadership in the metaverse space.

On September 28, 2023, online education company 2U announced a round of layoffs as part of significant organizational changes. While the exact number of employees affected was not disclosed, the cuts were implemented to better align the company's operations with its strategic shift toward becoming a unified platform business centered on edX. This restructuring aims to focus resources on areas with the greatest impact for learners and partners, ensuring long-term sustainability. The company, which operates in the edtech industry, emphasized its commitment to supporting departing employees with severance, benefits, and job transition assistance.

Lululemon laid off 120 employees from its Lululemon Studio team, which operated the Mirror fitness device, as part of a strategic shift announced in late September 2023. This move follows the company's decision to discontinue selling the Mirror hardware, acquired for $500 million in 2020, after struggling to grow sales and taking a significant impairment charge. The layoffs, representing a portion of the team dedicated to this segment, coincide with a new five-year partnership with Peloton, making Peloton the exclusive digital fitness content provider for Lululemon. This restructuring reflects Lululemon's pivot away from hardware toward digital content and partnerships in the retail and fitness industry, with the company's leadership for Lululemon Studio also set to depart in early 2024.

Fit Analytics representing approximately 100% of its workforce on 2023-09-28.

Snap, the parent company of Snapchat, laid off approximately 170 employees as part of winding down its AR Enterprise business. This decision, announced by CEO Evan Spiegel on September 27, 2023, was driven by the need for significant incremental investment to compete, the rise of generative AI making it harder to differentiate, and a strategic refocus on the core advertising business. While the exact percentage of total employees affected isn't specified here, the cuts are confined to this specific division. The company will continue supporting its broader AR platform and Sponsored AR advertising. This move reflects the challenges in the competitive tech and social media industry as companies streamline operations.

Flexe laid off 131 employees representing approximately 33% of its workforce on 2023-09-26.

Talkdesk, a San Francisco-based AI customer service software company once valued at $10 billion, has conducted its third round of layoffs in less than 14 months. The latest cuts, confirmed in late September 2023, affected at least 140 employees, many based in Portugal, though the company declined to provide an official number. Following previous layoffs in August 2022 and February 2023, when Talkdesk had around 2,100 staff, the total current workforce is unclear. These reductions are part of a cost-cutting effort due to lower revenue projections. Despite the layoffs, CEO Tiago Paiva stated the company remains strong and will continue investing in strategic areas like AI and U.S.-based R&D, emphasizing that innovation will not be impacted.

Lucid Software, a provider of visual collaboration software, has laid off approximately 75 employees, representing about 7% of its workforce. The decision, announced via an internal email, is part of a restructuring effort aimed at ensuring the company's long-term success. Leadership cited the need to focus on profitable growth and rebalance investments in a dynamic market, shifting resources toward emerging opportunities while reducing costs in other areas. The layoffs, which occurred across various teams, are accompanied by measures to streamline operations and reduce non-headcount expenses. Affected employees received severance and support.

Eat Just, a privately held company specializing in cultivated chicken and plant-based egg products, has laid off approximately 40 employees. This reduction comes less than a month after the company secured $16 million in funding. The layoffs were implemented to accelerate the path to profitability, specifically aiming for the Just Egg product line to cover operating expenses sooner. While the exact percentage of the workforce affected is not specified, the cuts reflect ongoing financial challenges as neither side of Eat Just's business is currently profitable. The company operates in the alternative protein industry, focusing on sustainable food technology.

Appsmith, a US and India-based open-source low-code software startup, laid off 35 employees earlier this week, representing about 25% of its workforce. The company attributed the decision to challenging market conditions, a slowdown in business, and a strategic shift toward sustainable growth over rapid expansion. In an internal communication, CEO Abhishek Nayak cited a dip in growth rates and the need for operational efficiency, aiming to build a leaner team focused on revenue and R&D investment. Impacted employees are receiving a two-month severance package, outplacement support, and their office laptops. Appsmith, which raised $41 million in a Series B round led by Insight Partners last July, operates in the enterprise tech industry, providing tools for developers to build custom applications quickly.

Roblox, the popular gaming platform, laid off approximately 30 employees from its talent acquisition team in September 2023 as part of a strategic shift to align hiring with reduced growth targets. The company, which had seen rapid expansion in prior years, decided to scale back its recruitment efforts to better control costs and ensure cash compensation growth matched its bookings growth. This move reflects a broader industry trend of tech companies adjusting their workforce strategies in response to changing economic conditions, focusing on efficiency over aggressive expansion.

Robinhood, the online brokerage and fintech company, is conducting further layoffs and reorganizing internal teams as part of a strategic pivot toward credit card products, a move driven by efforts to counter a shrinking user base. Following its $95 million acquisition of credit card startup X1 in June, the company is integrating X1 into its Robinhood Money division. While a spokesperson confirmed only a "very small number" of layoffs among the 60 employees who joined from X1, the company has been reducing headcount more broadly, including a cut of 150 full-time employees in June. These ongoing reductions, alongside the reorganization, come as Robinhood's monthly active users fell by 400,000 to 10.6 million between July and August 2023, prompting internal concern and a renewed focus on higher-margin credit offerings to stabilize its business.

Outreach representing approximately 12% of its workforce on 2023-09-20.