Layoffs in United States

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.

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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.

Plus One Robotics, a company in the robotics and automation industry, conducted a layoff affecting approximately 10% of its workforce. The announcement was made by CEO Erik Nieves, who described the day as difficult, emphasizing the personal impact on employees who were valued team members. While the exact number of employees laid off or the total company size was not specified, the reduction was framed as a necessary step amid broader market challenges. The post encouraged other employers to reach out to the affected individuals for new opportunities.

Quora on 2023-01-26.

CareRev, a healthcare staffing technology platform, laid off an unspecified number of employees on January 25, 2023, as part of a strategic refocusing effort. The company, which connects over 22,000 healthcare professionals with more than 600 health systems, is prioritizing its technology development to build self-service tools and a new workforce model over the next three years. CEO Will Patterson cited the need to adapt to difficult economic conditions and help health systems improve financial health by moving away from inefficient traditional staffing. The layoffs, described as a hard but necessary decision to execute long-term priorities, affected colleagues who contributed to the mission, with the company providing severance packages.

Personalized photo products leader Shutterfly is laying off 360 employees, as confirmed by an internal company email. This latest round of staff reductions, effective by the end of March, follows a previous cut of about 800 employees last year. The layoffs are part of the company's ongoing struggles to stabilize after acquiring Lifetouch in 2018 and going private in 2020, compounded by reported losses of $35-$45 million in Q3 last year. CEO Hilary Schneider cited "choppy times" ahead, attributing the cuts to lackluster consumer spending, rising costs, and lower margins, despite post-pandemic growth plans. The layoffs include 97 positions at its Shakopee, Minnesota warehouse, where photo book production is being transferred to other facilities. This move reflects broader tech industry trends, as companies adjust to economic pressures.

Guardant Health laid off 130 employees representing approximately 7% of its workforce on 2023-01-25.

IBM laid off 3,900 employees representing approximately 2% of its workforce on 2023-01-25.

Lam Research laid off 1,300 employees representing approximately 7% of its workforce on 2023-01-25.

Digital weight loss and behavioral health company Noom confirmed a new round of layoffs in January 2023, marking its third workforce reduction in less than a year. While the exact number for this latest cut was not disclosed, previous rounds were significant, including a layoff of about 500 employees, or 10% of its staff, in the fall of 2022. The company, which was valued at $3.7 billion in 2021, cited tough economic headwinds as the reason, stating it needed to ensure long-term momentum after a period of extraordinary growth. This series of layoffs coincides with broader challenges in the digital health sector and internal shifts, including a search for a new CEO.

Clear Capital laid off 250 employees representing approximately 25% of its workforce on 2023-01-25.

SirionLabs, a Tiger Global and Sequoia-backed contract management SaaS startup, laid off approximately 130 employees, or about 15% of its workforce of over 900, in mid-January. The job cuts, announced by CEO Ajay Agrawal on January 17, impacted teams globally, including DevOps, analysts, and support. This restructuring, aimed at achieving profitability amid a challenging macroeconomic environment, came just days after the company raised $25 million in an extended Series D funding round, bringing its total Series D to $110 million. The Washington-headquartered startup, which has raised about $170 million to date, offered a two-month severance package to affected employees.

Bolt laid off 50 employees representing approximately 10% of its workforce on 2023-01-24.

Vacasa laid off 1,300 employees representing approximately 17% of its workforce on 2023-01-24.

PagerDuty representing approximately 7% of its workforce on 2023-01-24.

Innovaccer laid off 245 employees representing approximately 15% of its workforce on 2023-01-24.

Corvus Insurance representing approximately 14% of its workforce on 2023-01-24.

Icon on 2023-01-24.

OFFOR Health, a tech-enabled healthcare delivery company, recently conducted a layoff, reducing its team size due to macroeconomic pressures. While the exact number of employees affected and the total workforce size were not disclosed in the announcement, the company described the decision as extremely difficult. The impacted individuals worked across software development, clinical recruiting, sales, HR, and IT, having contributed to expanding services to five states and launching multiple care lines for pediatric and adult patients. This restructuring reflects broader economic challenges within the healthcare technology industry as companies adjust their operations.

Innovid laid off 40 employees representing approximately 10% of its workforce on 2023-01-23.

Israeli cloud security startup Ermetic laid off 30 employees on January 23, 2023, representing 17% of its workforce. The cuts, part of a restructuring to focus on core technological development amid market challenges, affected marketing, sales, and HR departments, with no R&D staff impacted. A third of the laid-off employees were based in Israel. Ermetic, which had raised $100 million in total funding, operates in the cybersecurity industry, providing multi-cloud protection for enterprise customers.

Uber Freight laid off 150 employees representing approximately 3% of its workforce on 2023-01-23.

Yext representing approximately 8% of its workforce on 2023-01-23.

Gemini representing approximately 10% of its workforce on 2023-01-23.