Layoffs in United States

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.

Built Technologies copy representing approximately 8% of its workforce on 2023-02-03.

Eightfold AI laid off 90 employees representing approximately 15% of its workforce on 2023-02-03.

Okta laid off 300 employees representing approximately 5% of its workforce on 2023-02-02.

Autodesk laid off 250 employees representing approximately 2% of its workforce on 2023-02-02.

Articulate, a prominent e-learning software company, laid off approximately 90 employees in early 2024, representing about 10% of its workforce. The company, which provides tools for creating online courses, cited a strategic restructuring to streamline operations and focus on core product development amid a shifting market. This reduction follows broader industry trends where tech companies are adjusting their headcounts to improve efficiency and align with current economic conditions.

In February 2023, Seattle-based cryptocurrency exchange Bittrex laid off more than 80 employees, a significant workforce reduction attributed to the severe market downturn and collapse within the crypto ecosystem, including the failure of FTX. CEO Richie Lai cited the need to reset strategy and balance investments in a new economic environment. These cuts affected most departments and were part of a broader wave of layoffs across the crypto industry, which saw tens of thousands of jobs lost as companies like Coinbase and Gemini also downsized in response to declining cryptocurrency prices and adverse market conditions.

Desktop Metal on 2023-02-02.

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

Talkdesk, a cloud contact center and unified communications provider, laid off a significant portion of its workforce in early February 2023 amid broader economic challenges. While the exact number was not officially confirmed, affected employees suggested up to 20% of the staff could be impacted, which would equate to roughly 400 employees from its global team of approximately 2,000. The layoffs primarily affected roles in the United States across customer success, channel management, and solutions engineering. This move occurred as the company, valued at $10 billion in 2021, expanded into the competitive unified communications space, reflecting industry-wide pressures that also saw major cuts at firms like PayPal, HubSpot, Google, and Microsoft during the same period.

On February 2, 2023, Miro, a collaborative online whiteboard platform, announced a layoff affecting 119 employees, representing 7% of its total full-time workforce. The decision was driven by the need to adjust to the macroeconomic environment and align the company's structure with its forward strategy. CEO Andrey Khusid explained that after a period of significant growth and hiring, Miro is moderating recruitment and reducing expenses to invest in future priorities. This resulted in structural changes, particularly impacting the recruiting and go-to-market teams. Despite the layoffs, Miro emphasized its profitable business model and commitment to supporting affected employees during the transition.

Peer-to-peer car-sharing company Getaround laid off 10% of its workforce, affecting approximately 42 employees, as part of a restructuring plan announced on February 2, 2023. With a total of 421 employees, the cuts targeted North American teams across all departments. The move aims to achieve sustainable profitability and long-term growth, responding to an uncertain macroeconomic outlook that has particularly impacted tech firms. This restructuring follows a delisting warning from the New York Stock Exchange due to low stock prices and is expected to save the company $25–30 million annually. Getaround, which went public via a SPAC merger in late 2022, operates in the transportation industry as a mid-sized company facing financial challenges, including a significant cash burn and declining revenue.

Mindstrong laid off 127 employees on 2023-02-02.

Match Group representing approximately 8% of its workforce on 2023-02-01.

Pinterest laid off 150 employees on 2023-02-01.

Frequency Therapeutics representing approximately 50% of its workforce on 2023-02-01.

Wheel laid off 56 employees representing approximately 28% of its workforce on 2023-02-01.

Picnic on 2023-02-01.

Rivian representing approximately 6% of its workforce on 2023-02-01.

MariaDB, the open-source database company, has laid off approximately 26 employees, which represents about 19% of its workforce. This restructuring, announced in early 2024, is part of a strategic shift to focus on its core SkySQL cloud database service and achieve profitability. The layoffs, affecting the broader technology and database software industry, follow a period of financial challenges for the publicly traded company as it adapts to competitive cloud market dynamics.

Chainalysis laid off 44 employees representing approximately 5% of its workforce on 2023-02-01.

Exterro laid off 24 employees representing approximately 3% of its workforce on 2023-02-01.

Appgate laid off 34 employees representing approximately 8% of its workforce on 2023-02-01.