Layoffs in United States

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.

Paperless Parts on 2023-05-22.

AppFolio laid off 62 employees on 2023-05-22.

Nuance Communications, the Burlington-based speech-to-text pioneer acquired by Microsoft in a nearly $20 billion deal, is laying off an unspecified number of employees as part of its ongoing integration with the tech giant. The cuts, announced internally in late February 2024, come as the company sharpens its focus on the healthcare market amid broader macroeconomic pressures and shifting customer needs. While the exact scale of the layoffs wasn't disclosed, Nuance had approximately 7,000 employees at the time of the acquisition announcement in 2021. The move reflects strategic adjustments within the technology and healthcare IT sectors as Microsoft consolidates its operations post-purchase.

Krebs Stamos Group, a cybersecurity consulting firm founded by Alex Stamos and Chris Krebs, laid off six employees last week. The firm had 18 employees in April, and the layoffs were attributed to a shift in client needs, reducing the team to 14 members. This event highlights ongoing layoffs in the cybersecurity industry despite predictions of resilience.

dbt Labs, a data transformation software company, laid off 15% of its global workforce in May 2023. This decision came after a review of Q1 2023 financials, where growth, while continuing, fell short of the company's ambitious plans. CEO Tristan Handy cited the need to reset expectations in a challenging economic environment for the software sector. The layoffs impacted every business function. Prior to this, dbt Labs had grown rapidly from about 50 employees in early 2021 to over 440, driven by strong demand for its dbt Cloud product. The company, which serves over 20,000 businesses, offered a 12-week severance package and other support to affected employees.

Pie Insurance laid off 63 employees representing approximately 14% of its workforce on 2023-05-18.

On May 18, 2023, Clearbit, a B2B data intelligence company, conducted a layoff affecting a number of its employees. The decision was announced by returning CEO Matt Sornson, who cited the need to create a faster, flatter organization closer to customers and to reduce costs to ensure profitable growth and continued innovation. While the exact number of employees laid off and the total workforce size were not disclosed, the move was described as a difficult but necessary step to reallocate resources toward improving core data products. The affected team members were offered support including severance pay, extended healthcare, and career assistance. This restructuring reflects broader pressures in the tech industry to streamline operations and focus on sustainable business models.

TuSimple, an autonomous trucking company that went public in 2021, is laying off about 30% of its global workforce, primarily affecting its U.S. operations. This reduction will cut its U.S. staff from approximately 550 to 220 employees. The layoffs are part of a restructuring effort aimed at preserving cash and maintaining operations amid financial challenges, including a delisting notice from Nasdaq for failing to file timely quarterly reports. Announced in May 2023, this marks the company's second major workforce reduction in five months, following a 25% layoff in December 2022 after a key partnership with Navistar dissolved. Concurrently, TuSimple plans to retain its China-based subsidiaries, which are advancing autonomous vehicle projects, despite potential regulatory concerns.

Nextbite, a virtual restaurant brand platform in the food technology industry, conducted another round of layoffs in mid-May 2023, affecting an undisclosed number of employees. Based on LinkedIn posts from over 20 former staff, including senior roles, the cuts appear significant, with some employees stating the majority of the workforce was eliminated and indicating a potential full wind-down or major restructuring of the company. This follows at least two prior layoff rounds in 2022. Despite recent expansions, such as partnerships with IHOP and Nathan's Famous, the company has not secured new funding since its Series C round in February 2021, contributing to its financial strain. Several affected employees reported being terminated without severance.

Formstack, a software company specializing in form and workflow automation, has conducted a layoff affecting an unspecified number of employees as part of a restructuring plan. The decision, announced by CEO Chris Byers, aims to streamline internal processes and simplify the operating model to ensure long-term growth and profitability. While the exact number of impacted employees and the percentage of the workforce were not disclosed, the company emphasized its commitment to supporting the departing staff by creating an alumni directory to help them find new opportunities. This move is positioned as a strategic adjustment to navigate economic challenges while maintaining a 17-year strategy of debt-free, profitable growth. The layoffs occurred in the context of a broader effort to continue delivering innovation and a strong customer experience.

Stash laid off 40 employees representing approximately 10% of its workforce on 2023-05-17.

Oracle, following its $28 billion acquisition of health IT giant Cerner in June 2022, has laid off over 3,000 employees from Cerner's original workforce of 28,000, representing a reduction of over 10%. These layoffs, part of a broader cost-cutting effort that also includes a freeze on raises and promotions through 2023, have occurred across various teams including marketing, engineering, and product, with cuts reported as recently as May 2023. The restructuring, while common post-acquisition, has severely impacted morale within the Cerner unit, exacerbated by leadership changes and the sale of Cerner's Kansas City buildings. The health IT industry giant, now integrated into Oracle Health, is undergoing significant transformation under its new parent company.

DroneUp, a Walmart-backed drone delivery startup, laid off a small percentage of its workforce in early 2024 as part of a strategic shift. The company, which now has 418 total employees, is moving away from enterprise services like construction monitoring to focus more intensely on its core drone delivery hubs. This restructuring reflects the competitive pressures and ongoing challenges in scaling commercial drone delivery within the tech and logistics industry. The layoffs coincide with a broader trend of downsizing in the tech sector, though DroneUp stated it plans to hire more people than were let off over the following six months.

Insurtech company Lemonade is laying off about 45 employees, representing 3% of its total workforce, as part of a restructuring effort aimed at improving personnel alignment and advancing toward profitability. The layoffs, announced in May 2023, primarily affect research and development departments, with approximately 30 of the impacted employees based in Israel—about 10% of the company's workforce there. Lemonade described the move as a periodic audit to ensure the right talent is in place, noting it continues to recruit for other roles. This follows a similar round of cuts a year earlier that focused on U.S. customer service.

In May 2023, beverage technology startup Cana shut down and laid off all of its employees after failing to secure crucial funding. The company, which had developed a prototype appliance capable of creating customized drinks, was unable to raise the capital needed to establish a production line and begin shipping devices. Despite having raised $30 million in early 2022 and enlisting a high-profile brand ambassador, Cana ultimately succumbed to the challenging funding environment, particularly tough for consumer hardware startups. The closure marked the end of its ambitious vision for an on-demand beverage system.

E-Discovery software provider Everlaw conducted a layoff in May 2023, reducing its staff by approximately 10%. This move reflects broader trends of workforce adjustments within the legal technology industry during that period, as companies navigated economic uncertainties. The reduction impacted a significant portion of the company's employees, aligning with cost-cutting measures seen across the tech sector.

Slickdeals laid off 79 employees representing approximately 33% of its workforce on 2023-05-12.

Autonomous delivery robot startup Nuro is laying off 30% of its workforce, approximately 340 employees, in May 2023 as part of a major restructuring to extend its capital runway. This marks the company's second significant round of layoffs in less than a year, following a 20% reduction in November. The move involves shifting resources away from commercial operations and toward research and development, including pausing plans to scale commercial activities and delaying volume production of its flagship Nuro bot. The restructuring is intended to provide the company with enough capital to operate for another three years without additional fundraising. Affected employees will receive severance packages and healthcare support.

Tessera, a Paradigm-backed NFT ownership platform, is shutting down entirely, effectively laying off all employees. The company, which had raised $20 million in a Series A round led by Paradigm in 2022, made the decision after analyzing market scenarios, its structure, and financial situation. Co-founder Andy Chorlian announced the wind-down on May 12, 2023, stating that targets for profitability for its projects, including the Escher marketplace, did not make business sense. This closure occurs amid a struggling NFT market and follows recent legal charges against Chorlian related to an alleged securities manipulation scheme. The entire team is impacted as operations cease over the coming weeks.

On May 11, 2023, e-discovery and legal technology company CS Disco Inc. conducted its second round of layoffs for the year, reducing its workforce by 8%. The company, which provides software for the legal industry, disclosed this staff reduction in a filing with the U.S. Securities and Exchange Commission. This move reflects ongoing adjustments within the legal tech sector as companies aim to streamline operations and improve financial efficiency amid broader economic pressures.

Varo Bank has laid off 97 employees as part of a restructuring effort to reduce costs and move toward profitability. The cuts primarily affect the contact center and remote deposit capture group, which are being outsourced. This reduction represents a streamlining of operations for the digital banking company, which remains well-capitalized and focused on product innovation and customer growth. Impacted staff have been notified and will receive transition support. The layoffs were announced in early 2023 as Varo aims to strengthen its financial position while continuing to serve its customer base.

Microsoft laid off 158 employees on 2023-05-10.