Layoffs in United States

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.

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Rigetti Computing representing approximately 28% of its workforce on 2023-02-10.

TripleLift, an advertising technology company, laid off over 100 employees, representing one-fifth of its workforce, on February 9, 2023. The cuts, affecting only U.S. and Canadian staff, were a course-correction due to lower-than-expected growth amid economic challenges like inflation and reduced ad spending. CEO Dave Clark cited a failure to adapt quickly to a shifting market. Following the layoffs, the company's headcount returns to roughly its level after acquiring 1plusX. This marks TripleLift's second workforce reduction in under three years, reflecting broader turmoil in the ad tech industry, where firms like Yahoo and EMX have also faced significant cuts or closures.

Wonderschool, a company in the education technology industry that provides a platform for early childhood educators, conducted a layoff affecting approximately 7 employees, which represented about 10% of its workforce. This reduction occurred in early 2024 as part of a restructuring effort to streamline operations and extend the company's financial runway amid broader economic challenges in the tech sector. The move reflects a strategic adjustment to focus resources on core business areas and achieve sustainable growth.

Misfits Market laid off 649 employees representing approximately 33% of its workforce on 2023-02-09.

In February 2023, Microsoft-owned GitHub announced it would lay off approximately 10% of its workforce as part of new budgetary realignments. The cuts, affecting employees through the end of the fiscal year, were aimed at protecting the company's short-term health while freeing up resources to invest in long-term strategy, including its AI-powered initiatives like GitHub Copilot. Concurrently, GitHub decided to transition to a fully remote model, citing low office utilization, and plans to close all offices as leases expire. The tech company, a leading platform for developers, did not specify the exact number of employees impacted but framed the move as necessary to focus on customer needs and future growth in the evolving software development industry.

Quillt on 2023-02-09.

Oportun Financial, a consumer finance company providing personal loans, announced on Thursday a plan to streamline its operations, which includes a workforce reduction of approximately 10%. This layoff impacts about 155 employees out of its total workforce. The decision is part of broader cost-cutting measures that also involve reducing expenditure on external contractors. The move reflects the company's efforts to improve operational efficiency in the competitive financial services industry.

Yahoo laid off 1,600 employees representing approximately 20% of its workforce on 2023-02-09.

GitLab, a provider of collaborative software development services, announced a workforce reduction of 7%, affecting approximately 130 employees, as part of its response to a challenging macroeconomic environment. The company, which had around 1,860 employees, cited slower software investment decisions by clients and a need for responsible spending alignment. CEO Sid Sijbrandij communicated the layoffs to staff on Thursday, noting that previous cost-saving measures were insufficient. The move follows similar cuts across the tech industry, with GitLab offering severance including four months' base salary and extended health benefits. The announcement led to a roughly 12% drop in the company's stock price.

Olive AI laid off 215 employees representing approximately 35% of its workforce on 2023-02-09.

Bark laid off 126 employees representing approximately 12% of its workforce on 2023-02-09.

Beam Benefits laid off 31 employees representing approximately 8% of its workforce on 2023-02-08.

Gusto laid off 126 employees representing approximately 5% of its workforce on 2023-02-08.

Gong, a conversation analytics unicorn, has laid off 80 employees, representing 7% of its workforce, as part of a restructuring effort driven by slower-than-expected growth amid challenging macroeconomic conditions. CEO Amit Bendov stated that the company is adapting to its projected income, with the cuts primarily affecting support, sales, and administrative roles, while core R&D remains intact. This follows a smaller layoff of 15 employees three months prior. Despite the reduction, Gong continues to onboard new clients and anticipates no further layoffs this year. The company, valued at $7.25 billion after a 2021 funding round, operates in the AI and sales tech industry.

Affirm laid off 500 employees representing approximately 19% of its workforce on 2023-02-08.

On February 8, 2023, GoDaddy announced it would lay off approximately 530 employees, representing 8% of its global workforce of about 6,611. The web hosting and domain registration company cited a decline in customer demand amid a global economic slowdown as the reason for the cuts. Affected employees were offered transition packages, extended healthcare benefits, and, in the U.S., 12 weeks of paid administrative leave. This move was part of a broader wave of layoffs across the technology sector in early 2023, as companies adjusted to shifting market conditions.

Equitybee, an Israeli fintech startup that operates a marketplace for startup employee stock options, conducted its second round of layoffs in just over three months, cutting 25% of its workforce in February 2023. This amounted to 24 employees out of a total of approximately 100 across its Israel and U.S. operations. The company, which had previously laid off around 25 staff in October 2022, cited a challenging macroeconomic climate that forced a strategic shift to focus on a more targeted market segment in the U.S. Founded in 2018 and having raised $85 million, Equitybee is adjusting its operations amid broader market pressures affecting the tech industry.

Medly, a once-prominent pharmacy startup in the healthcare industry, is permanently shutting down in February 2024 after declaring bankruptcy in December 2023. The company is laying off all remaining employees as it closes its 22 pharmacies, with staff being let go by the end of the month. While the exact number of affected employees isn't specified, the shutdown follows months of financial turmoil, with Medly burning through cash due to overly rapid expansion in a competitive, low-margin sector. Its patient data and drug inventory were sold to Walgreens, which has expressed interest in hiring some former Medly staff, though no severance will be paid due to the Chapter 11 bankruptcy.

Zoom announced plans to lay off approximately 1,300 employees, representing about 15% of its workforce, as part of a restructuring effort to adapt to post-pandemic economic uncertainty. CEO Eric Yuan cited the need for sustainable growth and acknowledged past missteps in team management. Affected employees will receive severance packages, while Yuan will reduce his salary by 98% and forgo his bonus. This move aligns with broader tech industry layoffs, reflecting shifting market demands as remote work trends normalize.

SecureWorks laid off 212 employees representing approximately 9% of its workforce on 2023-02-07.

Salesloft laid off 100 employees representing approximately 10% of its workforce on 2023-02-07.

Sana Benefits, a health insurance startup, has laid off approximately 19% of its workforce as part of a restructuring effort to adapt to the current challenging macroeconomic and funding environment. The layoffs, announced by CEO and Co-Founder Will Young in a message to employees, come despite the company's recent growth, strong customer retention, and a $60 million Series B funding round raised in May. Leadership stated that while past investments focused on accelerating growth and product development, the company now needs to reorient for leaner times to ensure long-term sustainability and continue its mission of reducing healthcare costs. The decision impacts valued colleagues, with the company emphasizing support for departing team members.

In early February 2023, the revenue-software unicorn Clari, valued at over $2.6 billion, conducted its second round of layoffs within a year, cutting more than 20 roles. This followed a previous reduction in August 2022. The layoffs were part of a broader wave of job cuts across the tech industry, which saw over 84,000 positions eliminated in January 2023 alone. Clari, backed by major investors like Sequoia and Blackstone, made these cuts abruptly, catching many employees by surprise. The move reflects ongoing adjustments as tech companies, including fellow unicorn Workato which also laid off staff, brace for economic uncertainty and shift focus toward profitability after periods of rapid growth.

Dell laid off 6,650 employees representing approximately 5% of its workforce on 2023-02-06.

VinFast US laid off 80 employees on 2023-02-06.

Drift laid off 59 employees on 2023-02-06.

Kyruus laid off 70 employees on 2023-02-05.

Protocol Labs laid off 89 employees representing approximately 20% of its workforce on 2023-02-03.