Layoffs in United States

CoverMyMeds laid off 800 employees on 2023-03-29.

Mammography AI company iCAD laid off 23 employees, representing 28% of its workforce, in a restructuring announced in late March 2023. The Nashua, N.H.-based medtech firm, which specializes in breast cancer detection and risk evaluation tools, made the cuts to reduce operating expenses following a 17% decline in quarterly revenue and a net loss. The layoffs, primarily in the cancer detection unit, coincided with leadership changes, including the appointment of a new CEO, and a strategic shift to focus solely on its AI detection business while exploring alternatives for its radiation therapy subsidiary. The company cited challenging industry and macroeconomic conditions as reasons for the reset.

Online used-car marketplace Shift Technologies laid off approximately 30% of its workforce in the first quarter of 2023. The cuts followed its December 2022 merger with CarLotz, as the company sought to reduce costs, eliminate duplicate roles, and restructure its sales organization. This downsizing occurred amid a sharp revenue decline and expanding operating losses, prompting strategic moves to exit some East Coast markets and focus on core West Coast operations. The layoffs were part of a broader effort to rightsize the company's expenses after the challenging integration.

Drizly laid off 100 employees on 2023-03-29.

Seagate laid off 480 employees on 2023-03-29.

Electronic Arts laid off 780 employees representing approximately 6% of its workforce on 2023-03-29.

Blue Nile, the direct-to-consumer diamond retailer owned by Signet Jewelers, is laying off 119 employees in Seattle as it permanently closes its local fulfillment center. The layoffs, effective from July 14, 2023, are part of the post-acquisition integration process to centralize fulfillment services at Signet's existing center in New York City, eliminating duplicate operations. While the exact percentage of Blue Nile's workforce affected isn't specified, the company is offering outplacement support and relocation packages to some impacted employees. This restructuring occurs as Signet navigates a challenging retail environment, with recent quarterly sales declines, aiming to streamline operations and leverage economies of scale within the jewelry industry.

On March 28, 2023, lidar technology company AEye, Inc. announced a significant restructuring, reducing its workforce by approximately one-third. This layoff, effective April 3, 2023, is part of a revised strategic plan aimed at focusing the company on key products and critical customer engagements to improve long-term results. The decision, preluded in a March 15 earnings call, reflects broader challenges within the automotive and tech industries as companies streamline operations. Based in Dublin, California, AEye is a publicly traded firm on the Nasdaq, operating in the competitive lidar sensor industry for autonomous vehicles and advanced driver-assistance systems.

Lucid Motors, the U.S.-based luxury electric vehicle manufacturer, announced on March 28, 2023, that it is laying off 1,300 employees, representing 18% of its workforce, as part of a major restructuring effort. The layoffs, which will affect positions across the organization including executives, are set to be completed by the end of the second quarter. CEO Peter Rawlinson cited evolving business needs, productivity improvements, and cost-reduction initiatives as reasons for the move, which follows the company's lowered production targets and disappointing earnings. Lucid expects to incur $24 million to $30 million in related charges and aims to strengthen its long-term resilience while still planning to launch its Gravity SUV in 2024.

Rackspace laid off 275 employees on 2023-03-27.

Disney reportedly eliminates its metaverse division in the first round of layoffs, as part of restructuring efforts.

Better Therapeutics, a prescription digital therapeutics company focused on cardiometabolic diseases, laid off approximately 35% of its workforce in late March 2023 as part of a cost reduction initiative. The company, which had gone public via a SPAC in 2021, faced financial challenges with significant net losses and a declining stock price. The layoffs aim to extend the company's financial runway to reach key milestones, including potential FDA marketing authorization for its BT-001 product for Type 2 diabetes. This move reflects broader struggles within the digital therapeutics industry, where companies like Akili Interactive and Pear Therapeutics have also implemented workforce reductions or explored strategic alternatives amid profitability pressures.

The Meet Group, a Pennsylvania-based online dating and social networking company, is undergoing layoffs as part of a broader reorganization by its German parent company, ParshipMeet Group. While the exact number of affected employees has not been officially confirmed, the layoffs primarily impact the U.S. operations, particularly in the video department, with roles in legal and technical teams also affected. The parent company, which had a global workforce of about 700 at the end of last month, including 230 at The Meet Group, stated the restructuring aims to streamline operations and reduce redundancies. This reorganization also coincides with the departure of co-founder and co-CEO Geoff Cook and co-founder Catherine Connelly, marking a significant leadership change for the company following its $500 million acquisition in 2020.

Aspiration laid off 170 employees on 2023-03-24.

In March 2023, data protection company Veeam, owned by private equity firm Insight Partners, laid off 200 employees, representing approximately 3.8% of its workforce, which stood at over 5,000 post-layoffs. The company described the move as a strategic decision to drive efficiency and reallocate investments, particularly accelerating hiring in research and development. Despite being a profitable and fast-growing firm with over 450,000 customers, Veeam cited the need to prioritize its market approach. The layoffs occurred amid a competitive industry landscape, where Veeam had recently been recognized as a joint leader in the data protection market alongside Dell.

Glassdoor laid off 140 employees representing approximately 15% of its workforce on 2023-03-22.

Indeed laid off 2,200 employees representing approximately 15% of its workforce on 2023-03-22.

Roofstock, a proptech company valued at $1.9 billion, has laid off approximately 27% of its workforce in its second round of job cuts within five months. The layoffs, announced on March 22, 2023, affect an unspecified number of employees from a team that was previously reported to be over 400. CEO Gary Beasley cited the challenging macroeconomic environment and its negative impact on the business as the reason, stating the move was necessary to reduce cash burn and extend the company's capital runway. Roofstock, which operates an online marketplace for investing in single-family rental homes, had raised significant funding, including a $240 million round led by SoftBank Vision Fund 2.

Influencer-marketing platform Grin conducted a significant round of layoffs on Tuesday, March 21, 2023, impacting staff across marketing, engineering, and other teams, with the sales department reportedly taking a particularly brutal hit. This marks the company's second layoff in recent months, following a November round that cut 60 employees, about 13% of its staff at the time. Former employees described the latest cuts as "unfair and unexpected," noting they were abruptly logged out of company systems. While the exact number laid off this time was not officially disclosed, it was described as "significantly larger" than the previous round. The layoffs are attributed to the challenging state of Grin's business and the broader economic climate. The creator-economy startup, which has raised $145 million, provides software for brands to run influencer campaigns.

Expedia on 2023-03-21.

Marvell laid off 320 employees representing approximately 4% of its workforce on 2023-03-21.

Amazon is laying off an additional 9,000 employees in the coming weeks, as announced by CEO Andy Jassy in March 2023. This follows a previous round of 18,000 layoffs from November to January, bringing the total recent cuts to 27,000. The latest reductions will primarily impact the cloud computing (AWS), advertising, human resources, and Twitch units, with about 400 positions being eliminated at Twitch specifically. These layoffs, part of the largest workforce reduction in Amazon's history, aim to streamline costs amid economic uncertainty and slowing growth. The company, which had over 1.6 million employees globally at its peak, is focusing on operating leaner while continuing to invest in key long-term customer experiences.

Candor Technology, a mortgage AI firm specializing in automated underwriting, has conducted layoffs as part of a strategic shift to adapt to the challenging mortgage market. While the exact number of affected employees is undisclosed, the company is estimated to have between 51 and 200 total staff, with 65 listed on LinkedIn. CEO Tom Showalter cited the need to optimize personnel levels amid industry headwinds, as lenders are cutting costs. The Georgia-based tech startup, which serves about 40 lenders and raised $12.5 million in 2021, aims to continue developing new products to provide value in a changing environment.

In March 2023, edtech company Course Hero, a former unicorn valued at $3.6 billion, laid off 42 employees, representing 15% of its workforce. This marked the company's first significant layoff in its 17-year history. The cuts occurred under new CEO John Peacock, who described the move as a strategic effort to position the business for future growth in a rapidly evolving sector. The layoffs followed a major restructuring months earlier, which saw co-founder Andrew Grauer step down as CEO and the creation of a parent company, Learneo. Course Hero provided several months of severance and transition support to affected staff and stated it did not anticipate further layoffs.

Leafly laid off 40 employees representing approximately 21% of its workforce on 2023-03-16.

Bonusly on 2023-03-16.

Freshworks, a Nasdaq-listed SaaS company with approximately 5,200 employees globally, conducted a new round of layoffs in March 2023, affecting staff in India and the US. While the exact number of impacted employees was not disclosed, the company described it as a "small number" and stated the move was aimed at improving organizational efficiency and eliminating duplicated efforts, not related to the Silicon Valley Bank collapse. This followed a previous layoff three months earlier, where about 90 employees (2% of the workforce) were cut due to performance issues and staffing redundancies amid macroeconomic pressures in the software industry.

Coherent, a manufacturer of high-tech lasers and optical equipment, is laying off 108 employees at its Finisar subsidiary in Fremont, California, as part of a restructuring effort. The job cuts, which are permanent and scheduled for May 15, 2023, are attributed to weakening business conditions and a decline in demand, prompting the company to reduce operational costs. This move reflects broader layoffs within the tech sector, where Bay Area companies have announced over 23,000 job eliminations since mid-2022. The affected employees were notified in March 2023.

In March 2023, the e-commerce marketing automation platform Klaviyo conducted companywide layoffs, letting go of 140 employees across all teams, including engineering and design. This reduction impacted roughly 10% of its workforce, as the Boston-based, venture-backed company sought to reduce redundancy and recalibrate its areas of investment for the future. The layoffs placed Klaviyo among the many tech companies that implemented workforce cuts in 2023, reflecting a period of strategic adjustment even as the business continued to serve over 100,000 users and had recently received a significant strategic investment from Shopify.

Hometap on 2023-03-15.

E-commerce firm Boxed is laying off 25% of its workforce as it seeks a buyer, a move announced in March 2023. The company, operating in the competitive online retail and wholesale industry, is reducing staff significantly amid strategic shifts to streamline operations and attract acquisition interest. While the exact number of employees affected wasn't specified, the percentage indicates a substantial cut as Boxed navigates challenges in the tech and e-commerce sector, reflecting broader market pressures.

Anchorage Digital laid off 75 employees representing approximately 20% of its workforce on 2023-03-14.

Kaleidoscope laid off 15 employees representing approximately 30% of its workforce on 2023-03-14.

Meta, the parent company of Facebook, announced a significant workforce reduction as part of its "Year of Efficiency" initiative. In March 2023, CEO Mark Zuckerberg informed employees that the company plans to lay off approximately 10,000 workers and eliminate 5,000 open roles. This restructuring, which will unfold through the spring and into late 2023, aims to flatten the organization, cancel low-priority projects, and improve financial performance in a challenging economic environment. The layoffs, impacting the tech and business groups, represent a major strategic shift for the social media and technology giant to streamline operations and focus on long-term goals.

Samsung laid off 30 employees on 2023-03-14.

Fetch laid off 100 employees representing approximately 10% of its workforce on 2023-03-14.

Microsoft laid off the team responsible for teaching employees how to make AI tools responsibly, as part of a restructuring effort.

Neoleukin Therapeutics representing approximately 70% of its workforce on 2023-03-09.

Morning Brew laid off 40 employees on 2023-03-09.

Bonusly, an employee recognition software company, has conducted a round of layoffs affecting multiple teams. While the exact number of employees impacted was not disclosed in the post, the cuts were significant across departments including People Operations, Marketing, Customer Success, Product & Design, Engineering, Sales, and Operations. The layoffs occurred in early 2023, as indicated by the social media post from a company employee. This move appears to be part of broader restructuring or cost-cutting efforts within the tech industry, which saw widespread layoffs during this period. The post primarily served to connect the affected professionals with new job opportunities in the community.

Toucan, a language learning technology startup, is winding down operations after over three and a half years. This decision by the board, made to deliver value to shareholders after exploring all alternatives, effectively results in the layoff of its entire team. The co-founders expressed deep appreciation for their users, team, and investors, noting the company's significant accomplishments. They are actively facilitating introductions for their talented employees to find new roles. The industry context is edtech, and while the exact team size isn't specified, the shutdown indicates a full workforce reduction as the company closes.

Gopuff laid off 100 employees representing approximately 2% of its workforce on 2023-03-09.

Appcues representing approximately 15% of its workforce on 2023-03-08.

Zulily on 2023-03-07.

Take-Two Interactive on 2023-03-07.

Catch representing approximately 100% of its workforce on 2023-03-07.

Zwift, the virtual cycling and running platform, announced a restructuring on March 7, 2023, resulting in layoffs of about 80 employees, which represents 15% of its workforce. The decision, driven by new Co-CEO Kurt Beidler, who joined from Amazon in December 2022, shifts focus toward investing in product fundamentals over marketing and brand spending. The cuts primarily affect marketing and HR teams in the UK and US, with impacted employees receiving severance and bonus packages. This follows a previous round of layoffs in spring 2022, reflecting ongoing adjustments in the competitive sports technology industry.

SiriusXM, the satellite radio and audio streaming company, laid off 475 employees, representing 8% of its workforce, in March 2023. CEO Jennifer Witz announced the cuts as part of a wide-ranging restructuring, citing economic uncertainty and a need to operate with greater agility and efficiency to maintain sustainable profitability. The layoffs affected nearly every department and followed a period of expansion through acquisitions like Pandora and Stitcher. This move positioned SiriusXM among other media companies reducing headcount amid challenging economic conditions.

UserTesting laid off 63 employees on 2023-03-03.

Accolade on 2023-03-03.