Layoffs in United States

Nowadays, a plant-based food startup, has shut down after three years of operation, resulting in the layoff of its entire team. The company, which had developed novel extrusion technology and launched products in retail with Whole Foods Market, cited the challenging market conditions as a key factor in its closure. This decision reflects broader struggles within the alternative protein industry, where even innovative ventures face difficulties sustaining operations. The shutdown occurred recently, as announced by founder Max Elder, who expressed gratitude for the team's efforts and continued commitment to the sector.

Hooray Foods representing approximately 100% of its workforce on 2023-09-17.

Cisco laid off 350 employees on 2023-09-17.

Sage Therapeutics copy laid off 290 employees on 2023-09-15.

R3 representing approximately 20% of its workforce on 2023-09-14.

Project44 laid off 116 employees on 2023-09-14.

Airtable laid off 237 employees representing approximately 27% of its workforce on 2023-09-14.

VideoAmp laid off 40 employees representing approximately 10% of its workforce on 2023-09-14.

Akili Labs representing approximately 40% of its workforce on 2023-09-13.

Google is conducting a new round of layoffs in the Bay Area, planning to eliminate dozens of positions. This move, revealed in late October 2023, is part of the tech giant's ongoing efforts to streamline operations and manage costs. While the exact number of affected employees is not specified as a precise figure or percentage of its total global workforce, the cuts are described as impacting multiple dozens of workers. As a leading company in the technology industry, Google continues to adjust its staffing in response to broader economic conditions and strategic priorities.

Denver-based vacation rental property manager Evolve is laying off approximately 175 employees, representing 20% of its workforce, as announced in a letter from co-founder and CEO Brian Egan. This marks the company's second major round of cuts in 2024, following a 14% reduction (164 employees) in May, which was attributed to a market oversupply leading to lower rates and revenue. The latest layoffs, reported in late 2024, are part of a strategic effort to scrutinize all costs, including both payroll and non-payroll expenses, to transform the company into a highly profitable enterprise. The decision reflects a shift from the defensive, volume-driven cuts in May to a more proactive restructuring, with elements of the layoffs linked to offshoring support and AI-induced efficiencies.

Cyber insurance unicorn At-Bay has laid off 27 employees, representing almost 10% of its total workforce of 305 people. The company, which achieved a $1.35 billion valuation in 2021, stated the layoffs in September 2023 were a structural adjustment to ensure long-term success, primarily affecting support roles like recruitment. At-Bay, operating in the insurtech and cybersecurity industry, combines insurance policies with active security services to reduce client risk. Despite the cuts, the company emphasized its financial strength and commitment to future growth.

Oyster on 2023-09-11.

In September 2023, Bonterra, a technology company serving progressive and Democratic causes, implemented layoffs as part of a broader reorganization. The cuts notably affected NGP VAN, a key subsidiary, with reports indicating that approximately 50% of developers at ActionKit, an online fundraising and volunteer CRM platform, were let go. The exact total number of employees laid off and the company's overall workforce size were not officially disclosed. The layoffs, occurring under the ownership of private equity firm Apax Partners, sparked concern within the political tech industry that essential digital infrastructure for the 2024 election cycle could stagnate. Critics argued the move jeopardized core platforms relied upon by hundreds of progressive candidates and organizations.

Chargebee, a Chennai-based SaaS unicorn in the fintech industry, has laid off approximately 10% of its global workforce, affecting 100 to 120 employees. This marks the company's second round of layoffs within ten months, following a similar reduction of 142 employees in November 2022. CEO Krish Subramanian attributed the decision to "market shifts" and the need to focus on fewer priorities for efficient growth, emphasizing customer experience and core products. The company, valued at $3.5 billion and backed by investors like Tiger Global, will provide severance packages according to local labor laws. These layoffs reflect broader challenges in the Indian startup ecosystem, where over 28,000 employees have been let off since 2022 due to strained funding and a shift toward profitability amid economic uncertainties.

Grabango laid off 34 employees representing approximately 40% of its workforce on 2023-09-11.

Divvy Homes, a fintech startup in the real estate tech industry, laid off 94 employees in September 2023, marking its third round of job cuts within a year. This reduction affected nearly half of the company's workforce, which was estimated to be just under 200 employees prior to the layoffs, representing a cut of about 50%. The terminations, effective November 7, impacted various roles including vice presidents and engineers across the U.S. The company, once valued at $2 billion with backing from investors like Andreessen Horowitz and Tiger Global, attributed the layoffs to challenging macroeconomic conditions, high interest rates that disrupted its business model, and the need to conserve cash. This follows earlier layoffs in February and September 2022, reflecting ongoing struggles in the high-interest-rate environment.

ChargePoint, a leading electric vehicle charging network company, announced in September 2023 that it is restructuring and will lay off 10% of its global workforce. This decision, part of a broader reorganization, aims to achieve annual operating expense savings of approximately $30 million. The layoffs were disclosed alongside the company's second-quarter earnings report, which revealed adjusted EPS and revenue figures that fell short of Wall Street estimates. The disappointing financial performance and a revenue outlook below analyst expectations for the full year contributed to the cost-cutting measures. The company expects to incur about $8 million in charges related to the reorganization, primarily in the third quarter of 2023.

In September 2023, market intelligence firm Sensor Tower, which provides data for the app economy, laid off an estimated 40 employees, representing roughly 15% of its 270+ workforce. The layoffs, part of a corporate reorganization to "right-size" the business, notably included several C-suite executives such as the CFO and CMO, and impacted departments like finance and nearly all of marketing. The company, which had grown significantly after a $45 million investment in 2020 and the acquisition of Pathmatics in 2021, stated the move was to position itself for continued growth and profitability.

Drift laid off 100 employees representing approximately 25% of its workforce on 2023-09-07.

Blue Origin on 2023-09-06.

iSpecimen, a Lexington, Massachusetts-based company in the healthcare and life sciences sector, announced on Wednesday that it has laid off approximately 20% of its workforce effective immediately. This workforce reduction is part of a strategic effort to cut costs and drive profitability amid financial challenges, as reflected in the company's stock, which has declined nearly 53% year-to-date. The layoffs, impacting a significant portion of its employees, underscore the company's focus on streamlining operations to navigate current market conditions.

Streaming platform Roku is laying off 10% of its workforce, affecting approximately 360 employees, as part of a significant cost-cutting initiative announced in late 2023. This marks the company's third round of layoffs within a year, following cuts of 200 workers each in March and November. With a total workforce of around 3,600, the move aims to reduce operating expense growth. Alongside the layoffs, Roku is consolidating office space, slowing hiring, and reviewing its content portfolio, incurring substantial restructuring charges. Concurrently, the company raised its third-quarter revenue and EBITDA guidance, signaling a strategic shift toward improving profitability after a period of heavy investment.

Roku conducted layoffs and removed streaming content as part of cost-cutting measures, marking another round of workforce reductions.

Absci laid off 30 employees representing approximately 15% of its workforce on 2023-09-05.

Hodinkee laid off 24 employees representing approximately 20% of its workforce on 2023-09-05.

AI computer vision startup Nexar laid off 17 employees on September 4, 2023, representing 14% of its 120-person workforce. This marks the company's third round of layoffs in ten months, following cuts in November 2022 and July 2023, cumulatively reducing headcount by over 30%. Nexar, which provides AI-powered visual data and digital twins of road networks, had raised a $53 million Series D in late 2021. The layoffs reflect broader challenges in the tech sector, as the company adjusts its operations amid market pressures.

Roku, a TV streaming hardware and software company, announced layoffs affecting approximately 10% of its workforce, which translates to more than 300 employees, as part of efforts to reduce operating expenses that have been growing rapidly. The company, which had around 3,600 full-time employees at the end of 2022, is also consolidating office space, reviewing its content portfolio, and limiting new hires. This follows a previous round of layoffs in March 2023, where about 200 employees were let go. Roku expects to incur significant costs related to severance and impairment charges due to these changes, with its revenue primarily driven by advertising from its platform, including The Roku Channel, despite reporting a net loss in the second quarter of 2023.

Gated, an email management startup, is shutting down at the end of September, resulting in layoffs for its entire team. The company, which had helped filter half a billion emails and raised funds for charity, cited a smaller-than-expected market for its inbox focus tools as the reason for closure. While the exact number of employees affected wasn't disclosed, the shutdown implies a 100% reduction. Operating in the SaaS/email productivity industry, Gated will open-source its code and assist users in migrating their data before closing.

Clearcover representing approximately 28% of its workforce on 2023-09-01.

Pegasystems laid off 240 employees representing approximately 4% of its workforce on 2023-08-31.

Cybersecurity firm Malwarebytes laid off approximately 100 to 110 employees globally in late August 2023 as part of a major strategic reorganization. The layoffs, which primarily affected corporate staff, were implemented to rationalize expenditures ahead of a planned split of the company into two separate business units: one focused on consumer tools like identity protection and VPN, and the other on enterprise-facing software. This move follows a previous round of layoffs a year earlier and comes after the departure of several top executives. CEO Marcin Kleczynski confirmed the restructuring but denied any plans to sell parts of the business, stating that Malwarebytes remains healthy and profitable.

In August 2023, AI-driven digital health firm Biofourmis laid off 120 employees globally, including 48 in the U.S., as part of a strategic shift to accelerate growth in the US market. This workforce reduction, primarily affecting operational and administrative roles, occurred roughly a year after the Boston-based company achieved unicorn status with a $1.3 billion valuation. Merely a month following these layoffs, co-founder and CEO Kuldeep Singh Rajput abruptly resigned. The company has since established an interim "Office of the CEO" overseen by new board member Ben Wanamaker while it searches for a permanent chief executive.

Expedia on 2023-08-31.

SkyKick laid off 140 employees on 2023-08-30.

San Francisco-based software startup Zeplin has laid off 37 employees, representing about 35% of its workforce, in late August 2023. The company, which builds collaboration tools for designers and engineers, cited a challenging fundraising environment and increasing competition from rivals like Figma as key reasons for the cuts. The layoffs, announced during an all-hands meeting, particularly affected the sales and marketing teams, with reductions also in design, product, support, and HR. Founded in 2014 and a Y Combinator alum, Zeplin joins many tech firms resorting to workforce reductions to navigate post-pandemic economic pressures and customer attrition.

Clockwork representing approximately 100% of its workforce on 2023-08-28.

Zebra Technologies, a global leader in enterprise asset intelligence and tracking solutions, announced in late August 2023 that it would eliminate approximately 700 positions. This workforce reduction represents a significant cut for the technology company, which employs around 10,000 people globally, meaning roughly 7% of its workforce was affected. The decision was driven by a need to streamline operations and reduce costs in response to challenging macroeconomic conditions and a slowdown in customer spending within the industrial automation and enterprise mobility sectors. The layoffs are part of a broader restructuring plan aimed at improving operational efficiency and positioning the company for future growth amid market uncertainties.

HackerRank, a Y Combinator-backed technology hiring platform, laid off 53 employees globally in late August 2023. The layoffs were attributed to prolonged poor financial performance and ongoing economic uncertainty, prompting a strategic shift to prioritize protecting existing customers over new business. Co-founder and CEO Vivek Ravisankar announced the restructuring, which involved role eliminations and organizational redesign. The company, which has assessed over 7 million developers worldwide, is providing severance packages including extended pay and health insurance support to affected staff.

Fortinet, a leading cybersecurity vendor based in Sunnyvale, California, has conducted layoffs affecting employees in sales, business development, and channel partner roles. While the exact number of impacted workers is not specified, the cuts come amid broader industry downsizing and follow Fortinet's lower-than-expected earnings for the quarter ending June 30. The company, which reported having 13,677 employees and contractors as of that date, attributed the sales decline to enterprise customers postponing deals due to economic uncertainty. Affected individuals, including channel development specialists and managers, shared news of the layoffs on LinkedIn in August 2023, highlighting reductions in key teams that support Fortinet's entirely channel-driven sales model.

Captiv8, an influencer marketing platform, has laid off approximately 20% of its workforce, affecting around 20 employees. The company, which operates in the competitive marketing technology industry, cited a strategic restructuring aimed at improving operational efficiency and focusing on core business priorities. This move reflects broader challenges within the ad tech and influencer marketing sectors, where companies are adjusting to shifting market demands and economic pressures. The layoffs occurred as part of efforts to streamline operations and position the company for sustainable growth amid a rapidly evolving digital landscape.

Atlas laid off 150 employees representing approximately 30% of its workforce on 2023-08-23.

BlackLine laid off 95 employees representing approximately 5% of its workforce on 2023-08-23.

Rivos laid off 24 employees representing approximately 6% of its workforce on 2023-08-23.

Tempo Automation on 2023-08-22.

Unite Us on 2023-08-21.

Recur on 2023-08-21.

Embrace, a startup in the technology sector, has conducted a layoff as part of a strategic realignment to focus on marketing and product innovation. The decision, announced by CEO Eric Futoran, reflects the challenging economic climate and the company's need to allow its long-term strategies more time to develop. While the exact number of employees affected was not disclosed, the move aims to streamline operations toward core growth areas. Embrace continues to grow with investor support but is adjusting its team structure to navigate current market conditions and ensure sustainable progress.

Zylo representing approximately 10% of its workforce on 2023-08-18.

In May 2023, Intel initiated a new round of layoffs, primarily targeting its client computing and data center groups, following earlier workforce reductions in October 2022. The company is cutting 140 research and development positions in California, with 89 employees affected at its Folsom campus and 51 in Santa Clara. These cuts are part of Intel's broader restructuring efforts to streamline operations and reduce costs amid shifting market demands and competitive pressures in the semiconductor industry. As a major player in the tech sector, Intel continues to adjust its workforce while investing in strategic areas like AI and advanced packaging to maintain its market position.