Layoffs in United States

Twitter laid off 200 employees representing approximately 10% of its workforce on 2023-02-25.

Poshmark, a secondhand fashion marketplace based in Redwood City, California, laid off less than 2% of its workforce in late February 2023, just two months after its $1.2 billion acquisition by South Korean internet giant Naver. The cuts primarily affected U.S. employees within the company, which had over 800 staff. The layoffs were attributed to the broader economic slowdown and the company's strategic realignment as it returned to being a private entity. This move reflects a wider trend of cost-cutting and downsizing across the tech and e-commerce sectors during the economic downturn.

EQRx, a biotechnology company focused on reimagining drug pricing, is laying off 18% of its workforce as part of a restructuring effort to conserve cash and improve operational efficiency. The cuts, approved by the board on February 24, 2023, will reduce the company's headcount to about 300 employees. This move follows a strategic shift after the FDA requested additional trial data for its lead cancer drug, leading EQRx to abandon U.S. approval plans. The biotech industry is facing market turbulence and tighter financing, prompting similar workforce reductions across the sector. EQRx aims to lower operating expenses and extend its financial runway into 2028 with approximately $1.4 billion in cash.

Eat Just laid off 40 employees on 2023-02-24.

Velodyne Lidar, a San Jose-based provider of laser-based lidar technology for autonomous vehicles and other applications, laid off 220 employees in February 2023. These job cuts were part of a broader wave of nearly 600 Bay Area reductions announced by tech and life science firms at the time. The layoffs at Velodyne followed its recent merger with another lidar company, Ouster, as the combined entity streamlined operations. This move reflected ongoing consolidation and cost-cutting pressures within the competitive lidar and automotive technology industry.

Stax laid off 24 employees on 2023-02-24.

EVgo laid off 40 employees on 2023-02-23.

On February 23, 2023, StrongDM, a cybersecurity company specializing in Universal Privileged Access Authorization (UPAA), laid off 40 employees. The layoffs were a result of strategic growth missteps and the need to refocus the company's product and revenue strategy amid broader economic challenges affecting the tech sector. CEO Tim Prendergast stated that cost optimizations, including vendor reviews, were insufficient, as employee compensation was the largest expense, necessitating a team restructuring. The company, which serves clients ranging from Fortune 100 companies to startups, is focusing on its long-term plan to revolutionize traditional Privileged Access Management (PAM).

Vibrent Health representing approximately 13% of its workforce on 2023-02-23.

Crypto intelligence firm Messari laid off 15% of its global workforce in February 2023 as part of a restructuring effort to navigate challenging market conditions. The company, led by CEO Ryan Selkis, cited market headwinds in the broader crypto and tech sectors as the reason for this difficult decision, which followed a $35 million Series B funding round the previous year. Messari stated the move was a long-term realignment to better serve customer data needs and that it still planned to hire for open roles. This made Messari another prominent crypto company, alongside firms like Coinbase and Polygon Labs, implementing job cuts during the ongoing crypto winter.

Locomation representing approximately 100% of its workforce on 2023-02-22.

Arch Oncology on 2023-02-22.

Jounce Therapeutics, a clinical-stage biotechnology company focused on cancer immunotherapies, announced a significant restructuring on February 22, 2023, reducing its workforce by approximately 57 percent. This difficult decision stems from the company's assessment that its key clinical programs, JTX-8064 and vopratelimab, require more funding and a broader scope than Jounce can pursue independently. While data from the SELECT and INNATE trials showed promise, it was not sufficient for the company to advance the programs alone. Jounce will now seek business development opportunities to potentially continue this work. The restructuring, to be substantially completed by March 31, 2023, will result in a non-recurring charge of about $11.2 million.

TaskUs, a business process outsourcing (BPO) company, has laid off approximately 3% of its global workforce, affecting around 300 employees out of a total of about 10,000. The layoffs, which occurred in early 2023, are part of a strategic restructuring effort to improve operational efficiency and align resources with evolving client demands in the competitive technology and customer service support industry. As a publicly traded company, TaskUs aims to streamline its operations amidst shifting market conditions.

Basis Technologies, a provider of cloud-based workflow automation and business intelligence for the ad-tech industry, laid off approximately 40 employees, representing about 4% of its workforce, in a restructuring move around early February 2023. The layoffs primarily affected sales and service groups, including several senior team members. The company, which recently integrated programmatic guaranteed buying into its platform, cited restructuring as the reason, reflecting broader challenges in the technology and advertising sectors.

Ethos Life laid off 50 employees on 2023-02-21.

In February 2023, ride-hailing platform Bolt laid off 17 employees from its Nigerian operations as part of a restructuring effort to improve operational processes in the country. This reduction affected 24% of its 70-person workforce in Nigeria, primarily impacting junior and mid-senior staff. The layoffs occurred despite Bolt's recent announcement of global hiring plans and a significant investment initiative in Africa. Affected employees received severance packages based on tenure, along with additional support such as extended health insurance and career coaching. This move highlights the strategic adjustments within the competitive ride-hailing industry, even as the company, valued at $8.4 billion, continues to expand its global footprint.

PeerStreet on 2023-02-21.

Digital assets infrastructure unicorn Fireblocks is laying off 30 employees, representing 5% of its workforce, as part of a small restructuring to optimize for its next wave of growth. The company, which had raised $550 million at an $8 billion valuation in early 2022, announced the layoffs in February 2023. This marks its first workforce reduction since the tech downturn began. Despite the challenging crypto market, Fireblocks had recently reported surpassing $100 million in annual recurring revenue. The layoffs, affecting about half of its Israeli staff, are intended to better position the company to serve new verticals and meet business objectives in the coming year.

HP is laying off approximately 100 employees in Israel as part of broader workforce reductions, impacting its local workforce of about 2,600. The layoffs, announced in February 2023, primarily affect HP Indigo, the company's largest division in Israel focused on digital printing press manufacturing, with additional cuts in marketing and local headquarters operations. This move reflects ongoing adjustments within the technology and printing industry, as HP, a global tech giant, streamlines its operations amid market challenges.

Chipper Cash laid off 100 employees representing approximately 33% of its workforce on 2023-02-17.

In February 2023, Evernote, the note-taking and task management app, laid off 129 employees following its acquisition by Milan-based app developer Bending Spoons. The layoffs, which occurred on February 17, affected a wide range of teams including product design, engineering, HR, sales, customer service, and marketing. A company spokesperson stated the decision was difficult but necessary, citing Evernote's long-term unprofitability as unsustainable. This move appears aimed at restructuring the company for profitability under its new corporate parent, despite Bending Spoons' own strong financial position, including a recent $340 million funding round. The layoffs reflect ongoing challenges for Evernote in a competitive market against rivals like Notion.

Micron Technology, a major semiconductor manufacturer based in Boise, Idaho, announced in February 2023 that it expects to cut its global workforce by approximately 15%, exceeding its initial December 2022 announcement of a 10% reduction. This adjustment, affecting a company with about 48,000 employees, is a response to a severe market downturn and weakened demand for its DRAM and NAND memory products. The layoffs are part of broader cost-cutting measures, including reduced capital expenditures and executive pay cuts, aimed at aligning the company's operations with challenging 2023 market conditions. The exact number of layoffs at its Idaho headquarters remains unspecified.

Based on the provided content, there is no information about a layoff event at a company named "Reserve." The text appears to be a generic sign-up or login interface for LinkedIn, containing no news, article content, or details about any company's workforce changes. Therefore, it is not possible to generate a summary of a layoff event from this material.

Digimarc on 2023-02-17.

In February 2023, Seattle-based digital freight network Convoy announced another round of layoffs and the closure of its Atlanta office as part of a restructuring, marking the third workforce reduction in less than a year. While the exact number of affected employees was not disclosed, the cuts are tied to the company's shift toward an automated customer service model, which CEO Dan Lewis stated changes staffing needs. This move follows previous layoffs in June 2022, when Convoy cut 7% of its workforce, and again in October 2022. The company, which operates in the transportation and logistics technology industry and was valued at $3.8 billion in 2022, aims to streamline operations and enhance its shipper experience through increased automation.

Smartsheet laid off 85 employees representing approximately 3% of its workforce on 2023-02-16.

Pico Interactive laid off 400 employees representing approximately 20% of its workforce on 2023-02-16.

The RealReal laid off 230 employees representing approximately 7% of its workforce on 2023-02-16.

DocuSign, the e-signature software company, announced a new round of layoffs on Thursday, planning to cut around 10% of its workforce, which equates to approximately 700 employees. This follows a previous reduction of 9% last September. The company, which had about 7,461 employees in early 2022, stated the cuts are intended to support its growth, scale, and profitability goals, with the restructuring mainly affecting its worldwide field organization. This move is part of a broader trend in the tech industry, where companies are reducing costs amid economic concerns like rising interest rates and slowing demand. DocuSign expects to incur an impairment charge of $25 million to $35 million and aims to complete the restructuring by the end of the second quarter.

Tackle representing approximately 15% of its workforce on 2023-02-15.

Betterment, a digital wealth management firm and robo-advisor, laid off 28 employees on February 15, 2023, citing rising operating costs due to record inflation and ongoing market volatility. The layoffs affected roles across marketing, sales, and engineering. Based on a previous report from August 2022 stating the company had 450 employees, this reduction represents approximately 6% of its workforce. CEO Sarah Levy noted that the firm had already tightened spending and slowed hiring in 2022, but further cuts were necessary. Betterment, which manages $32 billion in assets for 775,000 customers, is also closing its small Philadelphia office and sub-leasing space in its New York headquarters. The move reflects broader economic challenges impacting the finance and technology sectors.

DigitalOcean, a cloud infrastructure provider, laid off approximately 200 employees on February 15, 2023, representing about 11 percent of its workforce. The company, which reported over $152 million in revenue for Q3 2022, cited a restructuring effort aimed at streamlining operations and reducing costs. This move includes a management reorganization and a shift toward hiring in lower-cost regions like Pakistan and Mexico to prioritize global talent acquisition. Despite the layoffs, DigitalOcean emphasized its goal to avoid further reductions, focusing instead on stabilizing its business. The tech industry has seen similar cuts as companies adjust to economic pressures, with DigitalOcean's stock price rising 7 percent on the day of the announcement, reflecting investor optimism about cost-saving measures.

Religion of Sports on 2023-02-15.

ServiceTitan laid off 221 employees representing approximately 8% of its workforce on 2023-02-15.

Divvy Homes, a San Francisco-based rent-to-own startup in the real estate technology industry, conducted another round of layoffs on February 15, 2023, affecting high-ranking employees such as the head of growth marketing, IT manager, and senior product manager. This follows a previous layoff in September 2022, where about 40 employees, or 12% of the workforce, were cut due to worsening economic conditions. The company, which had raised significant funding and was valued at $2 billion in 2021, cited ongoing macroeconomic challenges and the need to adjust headcount for the volatile environment. The layoffs reflect broader struggles in the startup sector amid a tightening market.

In February 2023, customer experience software company Sprinklr conducted a workforce reduction, laying off approximately 4% of its global employees, which amounted to over 100 people. This decision was part of a strategic realignment in response to the broader economic slowdown, as the company shifted from a capacity-driven to a productivity-driven business model. The layoffs, initiated in early February, affected staff in key regions including the United States and India, but did not involve any C-level executives. Sprinklr, a New York-based enterprise firm, had reported a total workforce of 3,245 employees as of January 2022. The move aimed to streamline operations and focus on profitable growth amid market uncertainties that were pressuring client spending on marketing and social media management services.

SurveyMonkey, a prominent online survey and forms company in the SaaS industry, conducted a workforce reduction in early 2023, laying off approximately 11% of its employees. This decision, which affected around 100 staff members from a total of roughly 900, was part of a broader restructuring effort to streamline operations and improve profitability amid challenging economic conditions. The layoffs reflect the company's strategic adjustments to navigate market pressures and align its resources with key business priorities.

Vicarious Surgical, a medical technology startup developing a robotic surgery system to compete with Intuitive Surgical's da Vinci, announced layoffs on February 15, 2023, as part of cost-cutting measures to extend its financial runway. The company is reducing its workforce by 14%, affecting approximately 23 employees out of a total of 165, primarily in sales, marketing, and administrative roles. This decision aims to conserve cash, providing the company with an estimated two years of operating funds, while simultaneously increasing investment in research and development to accelerate product development. The layoffs reflect broader challenges in the medtech sector and the competitive pressures faced by smaller companies like Vicarious Surgical as they navigate the costly process of bringing innovative surgical robots to market.

Udemy representing approximately 10% of its workforce on 2023-02-14.

CommerceHub laid off 371 employees representing approximately 31% of its workforce on 2023-02-14.

HackerEarth, a tech-focused skilling and hiring startup, has laid off approximately 17 employees, representing over 8% of its workforce, which the company clarified totals 190 employees. This reduction, attributed to challenging macroeconomic conditions such as an economic downturn, funding crisis, and impending recession in the US market, was announced in February. CEO Sachin Gupta explained that after strong growth in 2020 and 2021, a hiring slowdown in late 2022 led to lower business growth than anticipated, necessitating these cuts for long-term sustainability. Alongside the layoffs, the company implemented organization-wide pay adjustments, with leadership taking the largest cuts, and provided severance packages including eight weeks of pay to impacted employees.

Blackbaud laid off 500 employees representing approximately 14% of its workforce on 2023-02-14.

EMX Digital, an adtech firm owned by Big Village, laid off nearly all of its roughly 100 employees this week following Big Village's Chapter 11 bankruptcy filing. The mass layoffs, which represent close to 100% of the workforce, occurred after private equity owner Lake Capital Partners failed to find a buyer for the company. Former employees expressed shock and anger, as they were not provided severance, unlike those laid off in a previous round last year. The bankruptcy stems from Big Village owing millions to major media companies like Google and NBCUniversal. The layoffs were announced in mid-February 2024, shortly after the departure of Big Village's global CEO, leaving staff feeling abandoned by leadership.

Twilio, a cloud communications software company, announced on Monday that it is laying off approximately 1,500 employees, which represents about 17% of its workforce based on its reported total of 8,992 employees as of September 2022. This marks the second round of significant job cuts for the tech firm, following a previous reduction of around 11% in September as part of an ongoing restructuring effort. CEO Jeff Lawson stated that the layoffs are necessary to reorganize the company into two more efficient business units—Twilio Data & Applications and Twilio Communications—and to address the company having grown "too big," particularly in its communications segment. The move reflects broader trends of workforce reductions across the technology industry in recent months.

Roomba maker iRobot is laying off approximately 85 employees, representing about 7% of its workforce of 1,254. Announced in February 2023, these cuts are part of a broader effort to reduce costs amid challenging market conditions, including muted orders and a $84.1 million loss in the fourth quarter. This follows a previous round of layoffs in August 2022 and occurs while the company awaits regulatory approval for its $1.7 billion acquisition by Amazon. The move aligns iRobot with other tech firms trimming staff due to economic pressures like rising interest rates and slowing consumer demand.

Collective Health, a healthcare technology company, laid off 54 employees in a workforce reduction. The layoffs were announced by CEO Ali Diab, who expressed gratitude for the impacted colleagues and highlighted their alignment with company values. While the exact percentage of the workforce affected and the total employee count were not specified in the announcement, the move reflects broader adjustments within the company. The industry is health tech, and the event occurred as part of the company's strategic restructuring efforts.

Electric laid off 141 employees representing approximately 25% of its workforce on 2023-02-13.

LinkedIn on 2023-02-13.

The provided content appears to be a list of cryptocurrency prices and does not contain any information about layoffs at Magic Eden. 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.