Layoffs in United States

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.

Splunk laid off 325 employees representing approximately 4% of its workforce on 2023-02-01.

Sports-betting giant DraftKings is laying off 140 employees, representing approximately 3.5% of its total workforce, as part of a broader reorganization aimed at improving operational efficiency. The company, which operates in the online gambling and sports betting industry, is shifting its investment focus from business-to-business initiatives toward mobile development. The job cuts, announced in early February 2023, primarily affect roles in the Europe, Middle East, and Africa segment, as well as engineering and talent acquisition teams in the U.S. and internationally. This move comes as DraftKings prepares to report its quarterly results and follows a recent marketing partnership announcement with Molson Coors.

Cyren laid off 121 employees on 2023-02-01.

In mid-January 2023, digital media company TheSkimm laid off nearly 10% of its workforce, affecting approximately 17 employees across writing, editing, production, and marketing roles. This reduction comes amid a challenging economic climate that has triggered widespread layoffs across the media industry, including at major outlets like The Washington Post and BuzzFeed. Founded in 2012 and based in New York, TheSkimm, which targets millennial women with its newsletters and expanded content, last conducted significant layoffs in 2020 during the pandemic. The company, backed by investors such as GV and Disney, continues to operate but is navigating the same advertising and economic pressures impacting the broader digital media sector.

Bustle Digital Group (BDG) is laying off approximately 40 employees, representing 8% of its total staff, as part of a broader restructuring announced on February 1, 2023. This decision coincides with the shutdown of the revived Gawker site, which BDG had operated for 18 months. CEO Bryan Goldberg stated the move was a business necessity to prioritize better-monetizing digital media properties within the company's portfolio. This marks the third round of layoffs at the digital media company in six months, significantly reducing its unionized workforce.

Rivian is laying off 6 percent of its employees, marking another round of job cuts at the company.

Workday, a cloud-based business planning software company, laid off approximately 525 employees, representing 3% of its workforce of over 17,500 as of late 2022. The cuts, announced in early 2023, primarily affected technology and product units. The co-CEOs cited a challenging global economic environment as the reason, while emphasizing the layoffs were not due to overhiring and that the company plans to continue hiring throughout fiscal 2024. Affected employees received severance packages including three months of base pay plus additional compensation based on tenure.

NetApp, a data storage and management company, announced layoffs affecting approximately 8% of its global workforce in late January 2023. This reduction translates to around 960 employees out of a total of about 12,000. CEO George Kurian attributed the decision to a challenging macroeconomic environment that has led to more conservative IT spending by customers, necessitating cost structure adjustments. The layoffs, part of a broader trend across the tech industry, are expected to be completed by the close of NetApp's fiscal 2023. Despite reporting increased revenue and profit in its previous fiscal year, the company is realigning to focus on areas with the best commercial returns. The storage industry, unlike some tech sectors, did not experience the same rapid pandemic growth and now faces a reckoning amid economic pressures.

National Instruments representing approximately 4% of its workforce on 2023-01-31.

HubSpot laid off 500 employees representing approximately 7% of its workforce on 2023-01-31.

Upstart laid off 365 employees representing approximately 20% of its workforce on 2023-01-31.

Tilting Point, a mobile game publisher, has laid off over 60 employees, representing 14% of its global workforce of 440, as part of a restructuring effort and shift in strategy. The layoffs, confirmed in early January 2023, affected teams including those behind Star Trek Timelines, as well as roles in product management and the company's web3 division. The company cited the need to adapt to evolving market conditions and industry upheaval, emphasizing a focus on new opportunities while making difficult decisions to eliminate positions that no longer align with its future vision.

Wish laid off 150 employees representing approximately 17% of its workforce on 2023-01-31.

Groupon is laying off approximately 500 employees, which represents about 15% of its global workforce. The online marketplace and local deals platform, operating in the e-commerce and technology industry, announced this significant workforce reduction in late January 2023. This move is part of a broader restructuring effort aimed at streamlining operations and reducing costs to improve profitability amid ongoing challenges in its core business model. The company, once a high-flying startup, continues to adjust its strategy in a competitive digital landscape.

Oyster, a global employment platform, recently underwent a company-wide reorganization that resulted in layoffs, though the exact number of affected employees was not specified. The company's CEO, Tony Jamous, announced the restructuring, noting that while 12 impacted employees were transitioned into new roles, many talented individuals were let go. The move was part of a strategic shift to reallocate resources, with Oyster adding new roles in key areas while eliminating others. The layoffs occurred in early 2023, reflecting broader adjustments in the HR tech industry. Oyster, which operates at a global scale, emphasized its commitment to supporting affected employees by waiving platform fees for companies that hire them and publicly sharing their profiles to aid in job searches.

Impossible Foods copy laid off 140 employees representing approximately 20% of its workforce on 2023-01-30.

Intel has initiated a new round of layoffs, affecting an unspecified number of employees as part of its ongoing restructuring efforts to streamline operations and reduce costs. The exact scale and percentage of the workforce impacted have not been publicly detailed, but the move aligns with the company's broader strategy to enhance competitiveness in the semiconductor industry. This adjustment reflects the challenging market conditions and Intel's focus on optimizing its business structure for future growth.

In late January 2023, crypto services company Prime Trust laid off approximately one-third of its workforce as a cost-cutting measure. The layoffs, which occurred on a Tuesday, significantly impacted the communications and compliance departments. This move followed a period of public difficulties for the Las Vegas-based firm, including the suspension of its business operations in Texas after withdrawing a money transmitter license application and a prior regulatory fine. The company, which provides payment, custody, and regulatory infrastructure for other crypto businesses, was also undergoing leadership changes, having appointed an interim CEO in late 2022.

SoFi on 2023-01-30.

The provided content is a standard corporate webpage for BM Technologies, a digital banking platform, detailing its products, services, and corporate initiatives. It does not contain any information regarding a layoff event. There is no mention of workforce reductions, the number of employees affected, reasons for such actions, or a related date. The article focuses on promotional material about banking solutions, a CEO profile, a scholarship program, and security information. Therefore, a summary of a layoff event cannot be generated from this content.

Quantum SI representing approximately 12% of its workforce on 2023-01-30.

CoinTracker laid off 19 employees on 2023-01-28.

Ruggable, a 13-year-old direct-to-consumer rug brand, laid off 100 employees on January 27th as part of an internal restructuring to navigate a challenging economic environment. This reduction affects its global corporate team and represents a significant portion of the workforce, as LinkedIn lists the company with over 440 employees, including part-timers. The layoffs align with a broader trend in the e-commerce and home goods industry, where companies like Stitch Fix and Wayfair are also cutting jobs. Factors such as high inflation, reduced consumer discretionary spending, and a decline in home sales have pressured the sector, which had previously boomed during the pandemic. Ruggable, known for its washable rugs and venture-backed growth, aims to strengthen its position amid these economic headwinds.

Nate on 2023-01-27.

Decent, a health insurance startup focused on affordable coverage for small businesses, underwent significant layoffs in early 2023 after a major partnership collapsed unexpectedly. The company was forced to wind down most of its operations, retaining only a core team. While the exact number of employees affected wasn't specified, the move followed the abrupt withdrawal of a key partner that derailed their planned nationwide expansion. This setback left Decent without a marketable product in the near term, leading to the difficult decision to let go of staff across various departments, including Finance, Health, Operations, and Engineering, with the founders committed to providing notice and severance. The incident highlights the challenges faced by startups in the competitive insurance industry when critical business dependencies fail.

Synopsys, a semiconductor design software company, has announced layoffs affecting over 100 employees in the Bay Area, specifically at its Mountain View and Sunnyvale offices, with the cuts effective March 31, 2023. The majority of those impacted are tech engineers, designers, and software specialists. This move is part of a broader trend of workforce reductions across the tech industry, as companies adjust to shifting post-pandemic demand and economic conditions. While the exact percentage of Synopsys' total workforce affected isn't specified, the layoffs reflect the ongoing recalibration within the technology sector.

In February 2023, fintech company DriveWealth conducted layoffs as part of a broader industry trend affecting even well-funded firms. While the exact number of employees impacted was not specified in the article, the layoffs reflect the challenging macroeconomic environment that prompted cost-cutting measures across the sector, including at larger peers like PayPal. The move underscores the ongoing pressures within the fintech industry during this period.

The provided content does not contain any information about a layoff event at Confluent. It appears to be promotional marketing material for the company's data streaming platform and related services, highlighting product features, customer case studies, and recent blog posts. There is no mention of workforce reductions, employee numbers, or a specific date for such an event. Therefore, a layoff summary cannot be generated from this text.