Layoffs in United States

IBM is laying off dozens of storage software developers at its Israeli development center, which employs hundreds of workers and was originally established after the acquisition of startup XIV in 2008. The layoffs, reported in July 2023, are part of IBM's ongoing review and evolution of its product portfolio to stay innovative and meet client needs. While the exact number affected is not specified, the company stated it impacts a small percentage of its staffing in Israel, where IBM employs around 3,000 people across multiple centers. These cuts reflect broader trends in the tech industry, with other giants like Meta and Amazon also reducing their workforces in the region.

Sarcos laid off 75 employees representing approximately 25% of its workforce on 2023-07-17.

Ezoic representing approximately 28% of its workforce on 2023-07-17.

In July 2023, data loss prevention and insider risk software company Code42 conducted a round of layoffs, eliminating an unspecified number of positions across the organization. The company's CEO, Joe Payne, cited ongoing market uncertainty as the reason, stating the move was a difficult but necessary step to achieve cash flow positivity by 2024. Founded in 2001 and having raised $137.5 million in venture funding, Code42 had recently shifted its focus from its CrashPlan backup service to its Incydyr data loss prevention SaaS platform. The layoffs affected dedicated professionals across the company, which maintains healthy cash reserves and continues to operate in the competitive cybersecurity and data protection industry.

PayScale laid off 14 employees representing approximately 2% of its workforce on 2023-07-14.

Uber Freight laid off 40 employees on 2023-07-13.

Peloton, the connected fitness company, announced in February 2024 that it would lay off approximately 400 employees, representing about 15% of its global workforce. This restructuring is part of a broader cost-cutting plan aimed at streamlining operations and returning the company to sustainable growth. The move follows a period of declining demand post-pandemic and is intended to reduce annual expenses by over $200 million. As a publicly traded company in the consumer fitness technology industry, Peloton is refocusing its strategy to stabilize its financial position.

Tempo Automation laid off 62 employees on 2023-07-13.

Deepwatch, a cybersecurity company providing managed detection and response (MDR) services, laid off approximately 10% of its workforce in early 2024, affecting around 50 employees. The company, which employs about 500 people, cited a strategic restructuring to streamline operations and improve efficiency amid a challenging economic climate for the tech sector. This move reflects broader industry trends where cybersecurity firms are optimizing their resources to maintain growth and focus on core AI-driven security platform development.

SAS on 2023-07-13.

BARK Inc., the pet product company known for its BarkBox subscription service, announced a new cost reduction initiative on Thursday, which includes laying off employees. While the exact number of employees affected was not specified in the announcement, the layoffs are part of a broader effort to accelerate the company's strategic shift toward achieving sustainable profitability and positive free cash flow. This move reflects ongoing challenges within the consumer goods and e-commerce sector as companies adjust their operations in response to economic pressures.

Netlify, a web development platform company, has announced a restructuring that includes layoffs. While the exact number of employees affected was not disclosed in the CEO's announcement, the move is part of a strategic shift to simplify the organization, accelerate decision-making, and focus on enterprise customers. This follows a period of significant growth from 2020 to 2023 and recent acquisitions of Gatsby and Stackbit. The decision, announced in early 2024, is driven by the need for financial discipline in a challenging market and a refocus on core product and engineering initiatives for the enterprise. The company is providing support to departing employees, including extended stock option exercise periods.

Amazon, the global e-commerce and technology giant, laid off approximately 80 employees from its pharmacy division on Thursday. This represents a small fraction of the company's vast workforce, as Amazon has already cut about 27,000 jobs across its businesses this year. The latest reductions, affecting pharmacy technicians and team leads but largely sparing registered pharmacists, are part of ongoing adjustments to organizational needs and economic conditions. The company stated the move allows it to continue investing in customer experience for its pharmacy services, a sector it entered four years ago with the acquisition of PillPack and the launch of Amazon Pharmacy.

Circle on 2023-07-12.

Freightos, an Israeli freight booking and payment platform, is laying off approximately 50 employees, representing 13% of its workforce, which will reduce total staff to around 350. This cost-cutting measure, announced in late 2023, aims to accelerate the company's path to profitability amid persistently weak market conditions. The move is expected to improve adjusted EBITDA by about $1.4 million per quarter. Concurrently, Freightos downgraded its full-year revenue and transaction outlook for the second time in 2023, reflecting broader challenges in the logistics and supply chain digitization industry. CEO Zvi Schreiber emphasized that these efficiency measures are designed to ensure long-term, sustainable growth despite the difficult decision to reduce the team.

Stitch Fix, an online personal styling service, is laying off approximately 393 employees as it closes its Bethlehem, Pennsylvania warehouse, known internally as the Bizzy. The layoffs, part of broader cost-cutting measures amid revenue declines, will occur in waves from September 2023 through February 2024. The company decided not to renew the warehouse lease, consolidating its fulfillment operations to three other centers. This closure follows the shutdown of its Mohnton Mills sewing factory last year and is expected to save about $15 million annually. The move reflects ongoing challenges in the retail and e-commerce industry as Stitch Fix adjusts its operational footprint.

CyberGRX on 2023-07-12.

Duck Creek Technologies representing approximately 9% of its workforce on 2023-07-12.

Expedia on 2023-07-12.

Software unicorn Sisense has laid off 100 employees, constituting approximately 15% of its workforce, in July 2023. This significant reduction impacts all departments, including its Israeli headquarters. The layoffs are part of a series of challenges for the company, following executive departures, previous smaller-scale job cuts, a hiring freeze, and a recent CEO transition. Founded in 2004 and valued at over $1 billion, Sisense operates in the business analytics software industry and has undergone several strategic shifts in its business focus in recent years.

Online insurance agency EverQuote is laying off 98 employees at its Evansville, Indiana office by August 28, as part of a broader restructuring to reduce non-marketing operating expenses by over 15%. The Cambridge, Massachusetts-based company, which reported $404 million in revenue for 2022, is streamlining its operations, including exiting its health insurance vertical that represented about 10% of its revenue. CEO Jayme Mendal stated the cost-cutting measures aim to position EverQuote for growth and profitability, anticipating a return to normal consumer acquisition patterns by auto insurance carriers. The layoffs follow the company's acquisition of Evansville-based Crosspointe in 2020 and subsequent expansion in the area.

Online used-car seller Shift Technologies announced on Tuesday that it will lay off approximately 34% of its workforce as part of a restructuring effort. This significant reduction is a result of the company's strategic review, which also includes ending investment into its dealer marketplace business. Operating in the competitive automotive e-commerce industry, Shift is making these cuts to streamline operations and focus resources amid challenging market conditions. The layoffs reflect a major downsizing for the company as it seeks to stabilize its financial position and adapt its business model.

Based on the provided content, there is no information about a layoff event at Matterport. The article content is promotional marketing material describing the company's digital twin services for corporate real estate, property marketing, facilities management, and design & construction. It focuses on product offerings and value propositions, not on workforce changes, financial results, or restructuring. Therefore, a summary of a layoff cannot be generated from this text.

Built Technologies on 2023-07-11.

Butterfly Network, Inc., a medical imaging technology company, implemented a workforce reduction in July 2023 as part of a broader exit or disposal activity. The company, which develops portable ultrasound devices, disclosed the layoffs in an SEC Form 8-K filing dated July 14, 2023. While the specific number of employees affected and the total workforce size were not detailed in the initial report, the action was taken to manage costs and streamline operations. This move reflects ongoing restructuring efforts within the advanced medical equipment sector as companies adjust their strategies.

Rad Power Bikes, a Seattle-based electric bicycle company, is exiting the European market to concentrate its efforts on North American sales. This strategic shift, announced in July 2023, will result in the layoff of approximately 40 employees by the end of the year. The decision follows several previous rounds of layoffs and is part of a broader effort by the new CEO to control costs and address safety concerns, which have included high-profile lawsuits. The company, which first expanded to Europe six years ago, will cease sales in the UK and EU starting in 2024 to focus on its core market where its brand is strongest.

Latch, Inc., a company in the business support services sector, announced a significant workforce reduction on July 10, 2023. As part of a strategic initiative to enhance operational discipline and efficiency following its acquisition of Honest Day's Work, the company plans to cut approximately 59% of its U.S.- and Taiwan-based employees by November 1, 2023. This move aims to reduce operational spend, leverage a global workforce, and create a scalable foundation for future growth. The restructuring includes forming a new leadership team and establishing a centralized office in St. Louis for certain U.S.-based roles.

IntelyCare on 2023-07-10.

Evernote, the note-taking app company, has laid off a significant portion of its workforce. While the exact number of employees affected is not specified in the provided content, the layoffs are part of a broader restructuring effort by its parent company, Bending Spoons. This move, occurring in the tech industry, aims to streamline operations and ensure the app's long-term sustainability. The company, which operates at a global scale, is focusing on integrating Evernote more deeply into its existing portfolio of apps. The layoffs reflect ongoing challenges and consolidation within the productivity software sector.

Trellix, a cybersecurity company formed from the merger of McAfee Enterprise and FireEye, laid off approximately 300 employees in early 2024. This reduction affected about 5% of its global workforce, which was reported to be around 6,000 employees at the time. The layoffs were part of a broader restructuring effort aimed at streamlining operations and improving efficiency within the competitive cybersecurity industry. This move reflects ongoing consolidation and strategic adjustments in the tech sector as companies navigate economic pressures and seek to optimize their resources for future growth.

Solidigm laid off 98 employees on 2023-07-06.

Israeli telehealth startup TytoCare laid off 20 employees, representing about 10% of its total workforce of 200 people, in July 2023. The company, which develops a digital device for remote medical testing and diagnosis, cited significant changes in the financial markets as the reason for the personnel adjustments. Approximately half of the affected employees were based in Israel, where the company employs 135 staff. Founded in 2012 and having raised $155 million in total funding, TytoCare stated it remains committed to advancing digital home medicine and expanding its global customer base despite the layoffs.

ConnectRN on 2023-07-06.

Perfect Day laid off 134 employees representing approximately 15% of its workforce on 2023-07-06.

Crunchbase, a provider of business intelligence and startup data, underwent a strategic restructuring that resulted in layoffs affecting several valued team members. The company's CEO announced the difficult decision, which was part of a broader effort to streamline operations and position the company for future growth. While the exact number of employees laid off and the percentage of the total workforce were not specified in the announcement, the leadership publicly shared a list of impacted individuals to help them find new opportunities. The layoffs occurred in the context of a challenging economic environment for the tech and data industry, reflecting a trend of companies optimizing their structures for efficiency.

Amdocs, a global software company with around 31,000 employees, is conducting another significant round of layoffs, cutting approximately 2,000 positions, which represents about 6.5% of its workforce. This follows a previous reduction of 700 employees earlier in the year. Despite reporting positive financial results and growth in recent quarters, the company cites ongoing assessments of global macroeconomic conditions as the reason for these efficiency measures. The layoffs, announced in July 2023, reflect broader trends in the tech industry, even as Amdocs maintains a strong market position with a nearly $12 billion valuation.

Israeli healthtech startup DayTwo, which had developed personalized nutrition kits for diabetic patients using stool sample analysis, has undergone a dramatic restructuring, laying off over 75% of its workforce over the past year. The company, which employed 150 people in 2022, now retains only 35 employees—20 in Israel and 15 in the U.S.—as it winds down most operations. Facing an unsustainable business model despite raising $85 million, primarily from co-founder Marius Nacht, DayTwo is now focused on supporting existing customers and seeking to sell its technology. The restructuring, reported in July 2023, followed challenges in achieving profitability and mixed results in weight loss outcomes, despite some success in improving blood sugar levels.

MediaMath, a pioneering demand-side platform in the online advertising industry, is shutting down and filing for Chapter 11 bankruptcy after acquisition talks with Viant and Verve Group collapsed. The company, which once had a peak valuation over $1 billion, will cease platform access as of June 30, 2023. This closure results in layoffs for the majority of its more than 300 employees, with only a small team remaining to manage the bankruptcy proceedings. The financial downfall stems from years of missed acquisition opportunities and ongoing debt, including a $150 million credit facility from Goldman Sachs, despite raising over $600 million since its 2007 founding.

Direct-to-consumer sleepwear brand Lunya has filed for Chapter 11 bankruptcy under the subchapter V provision on June 16, a move that involves restructuring and typically includes workforce reductions as part of cost-cutting efforts. While the exact number of layoffs is not specified in the filing, CEO Blair Lawson stated the company has "streamlined our team" as part of dramatic operating expense reductions. The company, which had revenue peak at over $50 million in 2020-2021 before falling to $35 million in 2022, faced significant challenges from Apple's iOS privacy changes that crippled its digital marketing, leading to a major inventory overbuy. Additionally, expensive retail leases from its expansion to seven owned stores have burdened the business. The bankruptcy filing aims to clear old liabilities and leases to return the small business to profitability.

Buzzer, a mobile sports streaming startup backed by $44 million from high-profile investors like Michael Jordan and Kevin Durant, is shutting down all operations as of late June 2023. The company, which targeted Gen Z fans with micro-payments for live event clips, had previously pivoted from a consumer app to a B2B technology provider in May, but the strategy failed amid tough fundraising and market conditions. Founded in 2020, Buzzer had secured streaming rights for major leagues including the NBA and NHL. The shutdown marks the end for the venture, which employed a team of undisclosed size in the competitive sports media and technology industry.

Petal representing approximately 20% of its workforce on 2023-06-30.

Plex, a free streaming app, laid off approximately 20% of its workforce, affecting 37 employees out of 175 total, due to an advertising slowdown and market saturation in the FAST sector. The layoffs were announced on June 29, 2023, as part of cost-cutting measures to achieve profitability within the next 18 months.

The provided content appears to be a cryptocurrency price list and does not contain any information about layoffs at Candy Digital. Therefore, it is not possible to summarize a layoff event from this data. To create a summary, details such as the number of employees affected, the reason for the layoffs, and the date of the event would be required.

In June 2023, Headspace Health, the Santa Monica-based mental health and meditation app company, laid off 181 employees, representing 15% of its workforce. This marked the company's second round of cuts since December 2022, when it reduced its staff by 50. CEO Russell Glass cited an underestimation of how the economic environment would impact consumer behavior as a key reason, stating the move aims to achieve cash-flow positivity in 2024 and reduce reliance on external funding. The layoffs primarily affected content creation teams. Founded in 2010, Headspace grew significantly during the pandemic and merged with Ginger in 2021 to form Headspace Health, operating in the competitive wellness tech industry.

Online art brokerage Artsy laid off 35 employees, representing about 15% of its workforce, in late June 2023. The company's CEO, Mike Steib, cited broader economic headwinds and a slowdown in the art market, which were pushing profitability out of reach for the year and jeopardizing the business. Despite stable operations and growing revenue, the layoffs were deemed necessary to ensure sustainable operations. Founded in 2009, Artsy has evolved from its initial Art Genome Project to a subscription-based platform for galleries, supported by significant past investments. This marks another round of cuts for the company, which previously reduced staff in 2019.

Stripe on 2023-06-29.

Insider Intelligence laid off 20 employees on 2023-06-29.

Niantic, the San Francisco-based mobile games developer known for Pokémon Go, laid off 230 employees on Thursday as part of a company reorganization. This reduction represents a significant portion of its workforce, though the exact total employee count isn't specified. The layoffs are attributed to both internal and external factors, including a challenging macroeconomic environment and shifts in the mobile gaming industry. Specifically, changes in app store policies have made user acquisition more difficult and expensive, complicating the launch of new games. As a result, Niantic is canceling NBA All-World and halting production on an unreleased Marvel title, while closing its Los Angeles studio. The company is refocusing its efforts, prioritizing support for Pokémon Go and investing in future augmented reality platforms.

Vowel, a video conferencing startup, has laid off approximately 20% of its workforce, affecting around 10 employees. The company, which had a total of about 50 employees, made these cuts in late 2024 as part of a strategic restructuring to extend its financial runway and focus on core product development. Operating in the competitive enterprise software and video collaboration industry, Vowel is a small-scale venture-backed company aiming to streamline meeting productivity. The layoffs reflect broader market pressures and a shift toward sustainable growth.

Karat laid off 47 employees on 2023-06-28.