Layoffs in United States

On June 28, 2023, Zapier, a profitable automation software company, announced a workforce reduction of approximately 10% of its team. This decision, made to reposition the company for future challenges, was driven by shifting economic conditions and the rapid emergence of AI and large language models. The layoffs, affecting roles across various departments, aim to reallocate resources toward early product development and AI initiatives, areas deemed critical for future growth. While the exact number of employees impacted wasn't specified, the 10% cut reflects a strategic shift to address new competitive dynamics and ensure the company remains aligned with evolving market demands in the tech industry.

ClickUp, a San Diego-based productivity software startup valued at $4 billion, has laid off approximately 90 employees, representing 10% of its roughly 900-person workforce. The layoffs, which began notifying affected staff in early July 2023, were implemented to increase efficiency and better position the company for a future public listing amid a market slowdown. The cuts impacted software engineering, customer service, and support teams, with the company citing a strategic move to relocate some support roles to lower-cost regions. This marks the second round of layoffs for ClickUp, following a 7% reduction in 2022. The company, backed by investors like Andreessen Horowitz and Tiger Global, provides a unified work management platform to clients including IBM and Netflix.

Plex, a media streaming and server platform, laid off 37 employees on June 28, 2023, which constitutes over 20 percent of its total staff. The cuts impacted every department within the company. CEO Keith Valory cited a significant downturn in global advertising markets, which has severely affected Plex's ad-supported streaming business, as the primary reason. Facing a challenging environment to achieve profitability, the company is restructuring to focus on four main product areas and aims to return to being cash-flow positive within the next 18 months. This move reflects broader difficulties in the streaming industry.

Ludia, a Montréal-based mobile game developer owned by Jam City, has laid off an estimated 55 employees, primarily affecting game production roles, including senior management and veterans. The layoffs, part of a company restructure to optimize title performance, were confirmed following reports from staff on LinkedIn this week. While the company did not disclose the exact number, the cuts represent a significant reduction for the studio known for Jurassic World Alive. The restructuring comes amid a slight revenue decline for its flagship title and follows broader layoffs at parent company Jam City last summer. Affected employees are being offered severance, extended benefits, and career transition support.

New Relic laid off 255 employees representing approximately 10% of its workforce on 2023-06-27.

Honor representing approximately 15% of its workforce on 2023-06-27.

Lordstown Motors, an electric vehicle startup specializing in pick-up trucks, filed for Chapter 11 bankruptcy protection on June 27, 2023. The company, which had previously struggled with production and financial challenges, was forced into this action after its critical partnership and investment deal with Foxconn collapsed. Lordstown has simultaneously sued Foxconn, accusing the Taiwanese manufacturing giant of fraud and failing to fulfill its investment commitments, which the startup claims ultimately destroyed its business. The bankruptcy filing puts the entire company up for sale, marking a dramatic fall for a firm that once aimed to revitalize a former General Motors plant in Ohio.

Google is implementing layoffs at its Waze mapping service as part of a strategic integration with its own mapping products. The cuts, announced in an internal email on Tuesday, affect roles in sales, marketing, operations, and analytics as Waze transitions its advertising system to use Google Ads instead of a separate platform. While the exact number of layoffs was not specified, the Waze unit employs over 500 people. This move follows Google's broader efforts to streamline operations and improve efficiency, including the consolidation of Waze into its Geo division since late last year. The tech giant, which acquired Waze for about $1.3 billion in 2013, aims to create a more scalable ads product, reflecting ongoing adjustments within the competitive mapping and navigation industry.

Robinhood laid off 150 employees representing approximately 7% of its workforce on 2023-06-26.

Payoneer, an Israeli fintech company with a market cap of around $1.7 billion, is laying off 200 employees, constituting approximately 10% of its total workforce of about 2,000. The layoffs, announced in late June 2023, are part of a strategic shift towards profitable growth amid a challenging macroeconomic climate and lower-than-expected transaction volumes on its platform. The cuts, primarily affecting marketing and service departments, follow the appointment of a new CEO four months prior. Payoneer, which provides cross-border payment solutions for small and medium-sized businesses, went public via a SPAC merger in 2021.

Convoy laid off 30 employees representing approximately 5% of its workforce on 2023-06-26.

Israeli AI recruitment startup Joonko is on the verge of closure following a board investigation that uncovered fraudulent conduct by its CEO, leading to extensive layoffs. The company, which had raised $38 million and employed around 50 people at its peak, is dismissing most of its workforce after it was revealed that reported customer numbers were significantly inflated. The board stated in June 2023 that CEO Ilit Raz engaged in unethical and fraudulent activities, harming the company and its shareholders. This scandal has forced the startup, focused on sourcing underrepresented candidates, into a shock closure, with senior executives already departed and remaining employees facing dismissal.

IRL representing approximately 100% of its workforce on 2023-06-23.

Business software company Anaplan has initiated significant layoffs, affecting hundreds of employees following its acquisition by private equity firm Thoma Bravo in a $10.4 billion deal last year. According to reports and insider interviews, at least 300 workers are being let go, with some estimates reaching over 500 across U.S. and UK offices, potentially impacting more than 15% of the workforce. The cuts, which include roles like software engineers and security analysts, are part of broader cost-cutting measures under Thoma Bravo, leading to employee concerns over morale and job security. Notices indicate separations will occur from late June through August, with at least 119 layoffs at the San Francisco headquarters alone.

Illumina on 2023-06-21.

Friday Health Plans on 2023-06-21.

Uber laid off 200 employees on 2023-06-21.

Mutiny representing approximately 30% of its workforce on 2023-06-21.

Los Angeles-based vacation rental property manager AvantStay has laid off 37 employees, representing less than 10% of its staff. This marks the company's third round of job cuts within the past year, part of an ongoing reorganization strategy aimed at improving operational efficiency and reducing costs. The move reflects broader challenges in the vacation rental management sector, which has faced a market reckoning following the pandemic boom.

Panther, a company in the HR tech industry focused on international hiring and payroll, is winding down its operations entirely as of June 2023. This decision effectively results in a 100% layoff of its team, as the company is shutting down. The announcement, made by CEO Matt Redler, cited the immense challenge of the market and the emergence of well-resourced competitors like Remote, to whom Panther is transitioning its customers. The company's platform will cease payments by July 10, 2023, with the team available to assist with the transition until the end of July. This closure marks the end for the startup, which aimed to streamline global employment.

Fuzzy representing approximately 100% of its workforce on 2023-06-18.

Qualcomm laid off 84 employees on 2023-06-16.

Zulily on 2023-06-16.

Electric-truck maker Nikola announced layoffs of 270 employees on June 16, as part of a cost-cutting strategy to sharpen its focus on the North American market. The move affects 150 staff supporting European operations and 120 based at its Phoenix and Coolidge sites, aiming to reduce annual personnel cash spend by $50 million. Amid tough economic conditions and internal disputes with founder Trevor Milton, the company seeks to lower its annual cash usage to under $400 million by 2024. This restructuring reflects broader challenges in the electric vehicle industry, where firms are scrutinizing reserves amid slowing sales.

Oracle laid off hundreds of employees within its Cerner health unit on June 15, 2023, as part of ongoing restructuring following its $28 billion acquisition of the health IT giant. The layoffs, which also included rescinded job offers and eliminated open positions, were largely driven by challenges with a massive electronic health records contract for the U.S. Department of Veterans Affairs. After the VA paused the rollout and renegotiated the contract, Cerner faced reduced government-related work, prompting this workforce reduction. The cuts reflect broader integration struggles within Oracle Health, an industry where Cerner is a major player, as Oracle aims to leverage the unit to prove its cloud capabilities globally.

CareRev laid off 100 employees representing approximately 33% of its workforce on 2023-06-15.

Sonos, the wireless speaker company, announced on Wednesday that it is laying off approximately 130 employees, representing about 7% of its workforce. The company, which last reported having 1,844 employees in October 2022, cited ongoing economic headwinds and a recent significant drop in revenue as reasons for the restructuring. CEO Patrick Spence stated that these challenges necessitated difficult decisions, including job cuts and a reevaluation of spending. The layoffs are part of a broader restructuring effort expected to cost between $11 million and $14 million, covering severance and real estate adjustments. This follows a previous 12% workforce reduction in 2020 during the pandemic.

In June 2023, automotive pricing platform TrueCar announced a major restructuring, laying off 102 employees, which represented 24% of its workforce. The move, aimed at aligning costs with revenue to create a nimbler company, coincided with leadership changes, including the appointment of Jantoon Reigersman as the new CEO. The company, which operates in the online automotive marketplace, reported a dip in Q1 revenue and a growing net loss, prompting this strategic shift to achieve long-term financial stability and anticipated growth later in the year.

Synapse, a financial technology company, has announced a difficult workforce reduction impacting approximately 18% of its employees. This decision, communicated by CEO Sankaet Pathak in June 2023, comes despite the company achieving profitability and positive cash flow the previous year. The layoffs are attributed to challenging macroeconomic conditions that have affected client growth, leading the company to restructure and streamline operations in areas staffed for anticipated expansion that did not materialize. The move is intended to enhance efficiency and ensure the company's long-term sustainability, allowing it to continue investing in future growth while adapting to evolving market needs.

Bitwise Industries, a Fresno-based technology and workforce development company, laid off all 900 of its employees on May 31, 2023, effectively collapsing the entire company. This mass layoff, representing 100% of its workforce, followed temporary furloughs announced just days earlier. The company attributed the action to "unforeseeable business circumstances," signaling a sudden and complete shutdown. Founded in 2013, Bitwise had raised over $150 million and expanded into multiple cities, including Bakersfield, where it had acquired properties and a local business. The collapse left significant questions about the future of its operations and community contracts.

Restaurant technology company Olo is laying off 81 employees, representing 11% of its workforce, as part of a restructuring announced in late June 2024. The New York-based firm, which provides digital ordering and payment systems for major restaurant chains, is streamlining its operations to reduce complexity following its 2021 acquisition of Wisely and the launch of its Olo Pay product. The reorganization consolidates business units into three core segments: Order, Pay, and Engage. CEO Noah Glass described the move as a strategic evolution to focus on growth areas, particularly payments, and not a reflection on team performance. Affected employees will receive severance packages, and the company is simultaneously hiring a new chief operating officer with payments expertise to lead its product and engineering teams. This comes amid a trend of job cuts in the restaurant and tech sectors, even as Olo continues to report revenue growth despite net losses and a declining stock price since its 2021 IPO.

JupiterOne laid off 8 employees on 2023-06-13.

Western Digital laid off 211 employees on 2023-06-13.

Chegg laid off 80 employees representing approximately 4% of its workforce on 2023-06-12.

Grubhub, the food delivery platform, laid off approximately 400 corporate employees, representing 15% of its corporate workforce, as announced by CEO Howard Migdal in a message to employees. The company cited the need to maintain competitiveness in a market where it has struggled to gain share against rivals like DoorDash and Uber Eats. The layoffs occurred in early 2024, with affected employees offered a minimum of 16 weeks of severance. Grubhub, acquired by Dutch multinational Just Eat Takeaway.com in 2021, operates in the competitive food delivery industry and has faced ongoing challenges since the acquisition, including exploration of a potential sale.

TaxBit laid off 80 employees representing approximately 40% of its workforce on 2023-06-11.

23andMe laid off 75 employees representing approximately 9% of its workforce on 2023-06-09.

Cybersecurity company Expel laid off 60 employees, representing approximately 10% of its workforce, in June 2023. The decision was attributed to shifting market conditions, aligning with similar actions taken by other firms in the technology and security industry. Despite the layoffs, the company emphasized its continued growth and strong market position, assuring that service delivery capabilities remain unaffected. Departing employees in the U.S. were offered a minimum of two months of severance pay and extended healthcare benefits, with similar support provided internationally, alongside career transition assistance.

In June 2023, Nasdaq-listed SaaS company Freshworks conducted its third round of layoffs, affecting product, engineering, and go-to-market teams at its US site, citing performance assessments. This follows earlier cuts of about 90 employees (2% of its workforce) in December 2022 and around 114 in March 2023. With a global workforce of approximately 5,000, the company is implementing these cost-cutting measures to navigate macroeconomic pressures and slowing demand growth. The broader SaaS industry, including many startups that overestimated post-pandemic market expansion, is facing similar challenges, leading to widespread workforce reductions to ensure survival.

Israeli cybersecurity startup Opora Technologies, founded by former Shin Bet director Yuval Diskin, has laid off most of its staff and is nearing a complete shutdown. The company, which employed over 20 people at its peak, has significantly reduced its workforce after its core technology failed to mature into a viable commercial product despite initial customer interest. Facing a challenging global market, Opora is now negotiating to sell its intellectual property. The startup, established in 2020 and spun out from Diskin's earlier venture, had raised approximately $10 million in funding, including a $7 million seed round led by Jerusalem Venture Partners. The layoffs and impending closure were reported in June 2023.

Highspot laid off 140 employees representing approximately 15% of its workforce on 2023-06-08.

Branch laid off 186 employees on 2023-06-08.

Cohesity, a data management and protection startup in the enterprise storage industry, has conducted a workforce optimization, resulting in layoffs that include Chief Marketing Officer Lynn Lucas. While the exact number of employees affected was not disclosed, the privately held company had approximately 2,289 staff as of April 2023. The decision, announced in June 2023, aims to increase investment flexibility in strategic customer areas and achieve cash flow positivity by fiscal year 2024. Cohesity, which has raised $660 million in funding and was valued at $2.5 billion in 2020, is providing support and potential redeployment for impacted employees while continuing to recruit in key areas.

Cityblock Health laid off 155 employees representing approximately 12% of its workforce on 2023-06-08.

HashiCorp representing approximately 8% of its workforce on 2023-06-07.

Based on available information, Sumo Logic, a cloud-native SaaS analytics platform in the cybersecurity and observability industry, conducted a workforce reduction in early 2023. The layoff affected approximately 80 employees, which represented about 7% of its total workforce at the time. This decision was part of a broader restructuring effort aimed at improving operational efficiency and extending the company's financial runway amidst challenging market conditions. The move aligned with similar cost-cutting measures seen across the tech sector during that period.

Flatiron Health laid off 39 employees on 2023-06-07.

In June 2023, rocket engine manufacturer Ursa Major conducted layoffs affecting approximately 80 employees, which represented over a quarter of its workforce. The Colorado-based space industry startup, which had around 292 employees listed on LinkedIn at the time, cited budgetary constraints as the reason for the job cuts. The layoffs impacted key roles, including engineers in propulsion and quality analysis, amid broader market headwinds affecting the technology and aerospace sectors. Despite the workforce reduction, Ursa Major was actively developing several engines, such as the Hadley and Ripley, and had recently secured significant contracts for new engine development, including the Draper and Arroway models.

Dragos laid off 50 employees representing approximately 9% of its workforce on 2023-06-06.

Reddit laid off 90 employees representing approximately 5% of its workforce on 2023-06-06.