Layoffs in United States

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.

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

Coherent, a global leader in materials, networking, and lasers, laid off 196 employees at its Fremont, California facility in June 2023. This location houses its subsidiary Finisar, which manufactures optical communications components. The layoffs were part of a broader restructuring due to shifting business needs, contributing to a total of over 304 job cuts announced by the company in the Bay Area in 2023. These reductions occurred within the wider tech industry downturn, which saw tens of thousands of layoffs across the region throughout 2022 and into 2023.

Edgio laid off 134 employees representing approximately 12% of its workforce on 2023-06-06.

Flyhomes on 2023-06-05.

Azibo, a fintech startup, recently conducted a layoff as part of a reduction in force to move the business forward, a decision not made lightly. The impacted roles spanned product design, product management, data analytics, software development, and customer service. While the exact number of employees laid off and the percentage affected were not disclosed, the company's leadership expressed a commitment to helping these talented individuals find new opportunities quickly, sharing a list of those who opted in for networking and job referrals. This move reflects broader challenges in the tech industry, where many companies are adjusting their workforce to navigate economic pressures and strategic shifts.

Meati Foods, a fungi-based alternative meat startup, laid off 17 employees, representing 5% of its workforce, this week. The company, which recently opened a large production facility in Thornton, Colorado, stated the layoffs were part of strategic resource reallocation to support scalability and future growth, not due to weak demand. This move follows broader industry challenges, as U.S. retail sales of meat alternatives have declined. Despite the cuts, Meati emphasized strong commercial relationships and plans for national expansion, remaining optimistic about capturing a significant share of the growing market. The layoffs occurred in the context of similar reductions at competitors like Impossible Foods and Beyond Meat.

Zume representing approximately 100% of its workforce on 2023-06-02.

Fractal Software, a New York-based venture studio, has laid off at least 28 employees, representing about 25% of its staff, as it shifts its strategy away from creating new startups. The layoffs, which began in December and affect recruiters and research analysts, are part of a broader move to focus resources on supporting its existing portfolio of around 130 companies. This strategic pivot comes amid a challenging market downturn that has made fundraising difficult for startups. The company confirmed the layoffs and noted that affected employees will stay on until September 1, while it continues to hire for a few final startup launches before fully transitioning to portfolio support.

CloudTrucks on 2023-06-01.

Outbrain, an Israeli-founded internet recommendation platform, laid off approximately 90 employees, representing 10% of its global workforce, in June 2023. This marked the company's second round of layoffs within a year, following a reduction of 38 staff in July 2022. The decision was driven by challenging macroeconomic conditions that weakened advertising demand, impacting revenue. In Q1 2023, Outbrain reported a 9% year-over-year revenue decline to $231.8 million and a net loss of $5.6 million. The company, which went public in 2021, has seen its market valuation drop significantly amid industry-wide pressures.

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Haven Technologies laid off 280 employees representing approximately 70% of its workforce on 2023-06-01.

Away laid off 22 employees representing approximately 8% of its workforce on 2023-05-31.

ZipRecruiter laid off 270 employees representing approximately 20% of its workforce on 2023-05-31.

Vendr laid off 100 employees representing approximately 25% of its workforce on 2023-05-31.

Zendesk, a customer service software company, announced a workforce reduction of 8% on May 31, 2023. CEO Tom Eggemeier explained the layoffs were necessary because the company's hiring from 2020 to 2022 had outpaced its business realities, and anticipated improvements in macroeconomic conditions had not materialized. The decision, described as very difficult, impacts employees globally, with severance packages including salary continuation, career support, and benefits. While the exact number of affected employees was not specified, the 8% cut reflects broader industry trends in the tech sector as companies adjust to economic pressures.

Coupa Software, a business spend management company, is implementing layoffs as part of a "company reset strategy" announced on May 30, 2023. While the exact number of employees affected was not disclosed, the cuts are aimed at creating a leaner organizational structure by reducing duplication of roles and layers of management. Interim CEO Charles Goodman cited a shifting macroeconomic environment that demands a balance between growth and profitability, rather than the company's recent acquisition by private equity firm Thoma Bravo, as the driving force behind the restructuring. This move follows Coupa's transition to a privately held entity after its $8 billion acquisition earlier in the year.

PacketFabric, a leading Network-as-a-Service provider, recently underwent layoffs to strengthen its business and maintain its cost structure, ensuring continued growth and support for its customers. While the exact number of employees affected was not disclosed, the company acknowledged parting ways with many cherished staff members. These changes are part of broader organizational adjustments aimed at sustaining innovation and service quality in the competitive tech industry. PacketFabric emphasized that customer services remain unaffected and reiterated its commitment to delivering unparalleled network connectivity.

Vacation rental property manager Evolve is laying off 164 employees, representing 14 percent of its workforce. The company's CEO, Brian Egan, cited a challenging market environment where supply growth has significantly outpaced demand, leading to increased volatility. This reduction is part of Evolve's efforts to navigate the dynamic conditions within the travel industry.

Project44 laid off 130 employees representing approximately 10% of its workforce on 2023-05-26.

DHI Group laid off 53 employees representing approximately 10% of its workforce on 2023-05-26.

Kabam, the developer behind Marvel Contest of Champions and Disney Mirrorverse, laid off 12% of its workforce in May 2023 as part of a restructuring effort. This follows a previous round of layoffs in November 2022, when 7% of employees were let go. The company cited current economic conditions and industry market realities as reasons for the decision, aiming to gain financial flexibility to invest in new growth areas while streamlining existing teams. The layoffs affected various positions, including creatives, QA, and liveops. This move reflects broader trends in the mobile gaming and tech industries, which are facing post-pandemic adjustments and economic pressures.

Guild laid off 172 employees representing approximately 12% of its workforce on 2023-05-24.

WillowTree, a Charlottesville-based digital product consultancy, has laid off approximately 120 employees as part of a company-wide restructuring following its acquisition by TELUS International earlier this year. The layoffs, announced in 2023, affect teams across the nation and represent a significant workforce reduction, though the exact percentage relative to the total employee count is not specified. Company leadership stated the move is intended to sharpen focus on core service areas like marketing, digital product development, and AI solutions to position for long-term growth. This contrasts with earlier post-acquisition assurances of job creation. The tech industry firm is providing affected employees with severance packages and transition support.

Western Digital, a major hard drive manufacturer, is laying off 60 employees in Israel, representing about 7% of its 800-person workforce in the country. This move, reported on May 24, 2023, marks the company's second round of layoffs in Israel within six months, reflecting broader challenges in the tech industry. The layoffs affect various offices across Israel, including locations in Kfar Saba, Tefen, and Omer. Western Digital had significantly expanded its presence in Israel following its $19 billion acquisition of SanDisk in 2016, which included established R&D operations.

U.S. chip giant Qualcomm is laying off around 30 employees in Israel, representing approximately 5% of its local workforce there. This move, reported in May 2023, is part of a broader series of cutbacks at the semiconductor company. Qualcomm maintains two R&D centers in Israel and continues its activity in the country through investments and acquisitions, such as the recent purchase of Autotalks. The layoffs reflect ongoing adjustments within the tech industry amid economic uncertainties.

FemTech Health representing approximately 100% of its workforce on 2023-05-22.

Daylight, an LGBTQ+ focused neobank in the fintech industry, is shutting down entirely, ceasing operations on June 30, 2023. The closure follows significant turmoil, including a lawsuit from former employees alleging discrimination and misconduct by the CEO, as well as a reported inability to sustain its services profitably. The startup, which had raised $20 million in venture capital, is effectively laying off its entire workforce as it winds down. CEO Rob Curtis cited the challenge of covering costs and suggested that serving the LGBTQ+ community might be better suited for larger banks.