Layoffs in United States

Bonterra, a fundraising software company formed from the merger of Social Solutions, CyberGrants, EveryAction, and Network for Good, laid off 140 employees, representing 10% of its workforce, on January 13, 2023. The cuts, affecting all levels and legacy entities, were announced via email by new CEO Mark Layden, who cited a strategic restructuring to streamline operations after the company's growth to over 1,000 employees. The layoffs follow recent leadership changes and private equity-backed acquisitions, with the company aiming to reshape its business for future growth in the nonprofit technology sector.

Jellyfish representing approximately 9% of its workforce on 2023-01-13.

GoCanvas, a construction technology company, conducted a reduction in force this week, resulting in layoffs of an unspecified number of employees. The announcement, made by a company executive, emphasized the contributions of those affected and highlighted the company's commitment to supporting both current team members and alumni in their career transitions. While exact figures regarding the total workforce, percentage impacted, and specific reasons were not disclosed, the move reflects broader adjustments within the tech industry. The company, known for its mobile platform for field data collection, operates in the construction and field service sectors.

Carvana on 2023-01-13.

CoSchedule on 2023-01-13.

Mapbox, a mapping and location data platform provider, conducted a layoff in early 2024, affecting approximately 28 employees, which represented about 10% of its workforce at the time. The reduction was part of a broader restructuring effort to streamline operations and focus on core business priorities amid a challenging economic environment for the tech industry. The company, which operates in the software and geospatial technology sector, has scaled back as it navigates market pressures and aims for sustainable growth.

Lending Club laid off 225 employees representing approximately 14% of its workforce on 2023-01-12.

Career Karma, an edtech startup providing a learning navigation platform, laid off 22 employees in January 2023, following a previous cut of 60 staff five months earlier. This latest reduction, confirmed by CEO Ruben Harris, reflects ongoing challenges in the edtech sector as companies adjust to a tougher macroeconomic climate. The layoffs are part of a strategy to extend the company's financial runway to five years, shifting from a more typical three-year plan, amid slower enterprise sales cycles and investor caution. The move underscores the industry-wide pressure to right-size operations and adapt to uncertain demand from large corporate customers.

Lattice, an HR software company, is laying off approximately 15% of its workforce as part of a reorganization to adapt to changing economic conditions. CEO Jack Altman announced the difficult decision, citing that while revenue has grown fivefold since the pandemic, costs increased even more in anticipation of continued rapid growth that now seems unlikely. The shift from a low-interest-rate environment in 2020-2021 to a 2023 landscape where customers are cutting spending has forced Lattice to prioritize efficiency over expansion. This restructuring means the company will maintain a relatively flat headcount for FY'24, moving away from previous aggressive hiring practices to build a more sustainable business focused on long-term strategy and customer experience.

Definitive Healthcare laid off 55 employees representing approximately 6% of its workforce on 2023-01-12.

Akili Labs laid off 46 employees representing approximately 30% of its workforce on 2023-01-12.

In January 2023, the fintech startup Greenlight, which provides debit cards and financial education tools for kids, laid off 104 employees. This reduction represented over 21% of its then total workforce of 485 people, leaving the company with 381 staff. The layoffs were implemented to optimize operating expenses and better align with the challenging macroeconomic environment and ongoing economic slowdown. The Atlanta-based company, which had raised significant venture funding, stated it remains committed to its mission of improving financial literacy for families while focusing on serving its growing customer base in the year ahead.

Life360 representing approximately 14% of its workforce on 2023-01-12.

Rock Content, a Brazilian content marketing and technology company, began 2023 with an internal "adjustment," laying off 15% of its workforce. Based on its reported LinkedIn headcount of 929 employees, this translates to approximately 139 people being let go. The layoffs were communicated on January 11, 2023, and affected various departments, including technology and sales, with some long-tenured employees among those dismissed. CEO Diego Gomes stated the difficult decision was necessary to make the company more sustainable and focused, aiming to return to profitability after efforts to streamline operations throughout 2022. This move reflects broader challenges within the tech and startup sector.

Supply chain software startup Flexport is laying off approximately 640 employees, representing 20% of its global workforce, as announced by co-CEOs Ryan Petersen and Dave Clark. The company, which was valued at $8 billion and topped CNBC's Disruptor 50 list last year, is responding to a global macroeconomic downturn and softening trade volumes that have reduced demand and volume forecasts for 2023. Like many tech firms that expanded rapidly during the pandemic, Flexport now faces the need to streamline operations and improve efficiency. The layoffs, announced in early 2023, aim to position the company for long-term success by becoming more nimble and fiscally responsible as it navigates challenging economic conditions.

Verily laid off 250 employees representing approximately 15% of its workforce on 2023-01-11.

On January 12, 2023, the crime-reporting and neighborhood safety app Citizen laid off 33 employees. The company, which operates in the consumer technology and social networking industry, confirmed the staff reduction, noting that impacted employees received a severance package including career support and extended benefits. While the exact percentage of the workforce affected was not disclosed, at least 10 engineers were among those let go. Founded in 2016, the private company had most recently raised a $73 million Series C in early 2021. The layoffs come as Citizen, which has seen over 14 million downloads, has faced ongoing criticism and controversy regarding its approach to crime reporting and user safety.

Intrinsic laid off 40 employees representing approximately 20% of its workforce on 2023-01-11.

Carta, a $7.4 billion equity management platform, has laid off approximately 10% of its workforce, affecting around 200 employees, in January 2023. CEO Henry Ward cited the broader downturn in the tech and venture ecosystem, stating that customer struggles directly impact the company. This reduction follows similar cost-cutting measures in travel and vendor spending. The layoffs coincide with a lawsuit against its former CTO for alleged misconduct and reported customer dissatisfaction with service continuity. Severance includes 2.5 months of pay plus additional weeks per year of service, with support for visa holders and mental healthcare.

Jumio, an identity verification provider, has laid off over 100 employees, representing less than 6% of its approximately 1,500-strong workforce. The downsizing, confirmed in January 2023, affected teams in the U.S., international, and India offices. The company cited the lagging economic impact of COVID-19 and current market challenges as reasons, stating it needed to focus on core business areas and reduce spending on underperforming investments to remain competitive. Jumio is offering placement services and support to those impacted, emphasizing the difficult decision was made to ensure the company's strategic future growth in the biometrics and digital identity industry.

Embark Vet, a pet genetics and personalized care company, conducted a workforce reduction yesterday as part of its response to a challenging business environment over the past year. The layoffs were a difficult decision aimed at positioning the company to become a leader in the growing personalized pet care market in the coming years. While the exact number of affected employees and the percentage of the total workforce were not disclosed in the post, the company expressed gratitude for the contributions of the talented team members impacted. Embark Vet focuses on helping pet owners, veterinarians, and breeders improve dog health and longevity through its services.

Israeli fintech unicorn Tipalti laid off 123 employees in January 2023, representing 11% of its then 1,086-person workforce. The company, which provides accounts payable automation software, cited a need to adjust its operational scale following a period of rapid expansion. This restructuring occurred over a year after Tipalti's significant $270 million funding round in late 2021, which had quadrupled its valuation to $8.3 billion. The layoffs affected 37 of its 410 employees based in Israel.

Qualtrics laid off 270 employees representing approximately 5% of its workforce on 2023-01-11.

Limeade representing approximately 15% of its workforce on 2023-01-11.

Cloud infrastructure company HashiCorp conducted layoffs in early 2023, affecting an unspecified number of its approximately 2,400 employees. The cuts were part of broader industry challenges, with former employees sharing their experiences on LinkedIn. While the exact percentage is not detailed, the layoffs reflect a period of restructuring and economic uncertainty impacting the tech sector. HashiCorp, known for its DevOps and cloud automation tools, faced tough decisions amid shifting market conditions, leading to job reductions across various teams as the company adjusted its strategy.

Oyster on 2023-01-11.

Esper representing approximately 21% of its workforce on 2023-01-10.

Cloud Software Group, the enterprise software company formed by the merger of Citrix and Tibco, has laid off 15% of its workforce, affecting thousands of employees. The layoffs, confirmed by CEO Tom Krause in January 2023, are part of a restructuring plan following the company's formation after private equity firms Vista Equity Partners and Evergreen Coast Capital took Citrix private in a $16.5 billion deal. The move is aimed at cost-cutting and streamlining the combined entity in the competitive enterprise software industry.

ConsenSys, the Ethereum software firm behind the MetaMask wallet, is planning to lay off upwards of 100 employees. With a current workforce of about 900, this represents a cut of over 11%. The New York-based company is finalizing the layoffs, which contribute to a broader downturn in crypto employment, as seen with Coinbase's significant cuts the same week. This move is part of an industry-wide trend, with an estimated 27,000 crypto jobs lost since April of the previous year. The layoffs were reported in January 2023.

Coinbase, a major cryptocurrency exchange, is laying off approximately 950 employees, which represents about 20% of its workforce. This follows a previous 18% reduction in June 2022. The company, which had around 4,700 employees as of September, is implementing these cuts to preserve cash amid a severe crypto market downturn exacerbated by the collapse of FTX and broader industry contagion. CEO Brian Armstrong cited the need to reduce expenses and discontinue lower-probability projects to ensure the company's resilience. The layoffs, announced in January 2023, are part of a restructuring effort expected to lower operating expenses by 25% in the first quarter.

Parler's parent company, Parlement Technologies, conducted a significant layoff in late 2023, cutting approximately 75% of its staff over several weeks from late November through December. This drastic reduction left only about 20 employees across both the Parler social media platform and its related cloud services venture. The layoffs also included most of the company's chief executives, raising serious questions about the future of this conservative-alternative social media platform. The move appears to be a sudden purge, with the company providing no public comment, leaving the industry to speculate about its underlying financial or strategic reasons amidst a competitive social media landscape.

Mortgage and title insurance technology provider Blend Labs Inc. announced a fourth round of layoffs in less than a year on January 10, 2023, cutting approximately 340 employees, which represents about 28% of its U.S. workforce. This drastic measure is part of an ongoing effort to reduce costs and stem cumulative losses exceeding $1 billion. The company also announced the resignations of its President and heads of Finance and Legal. This latest restructuring follows previous layoffs in April, August, and November 2022, with the combined cuts aimed at achieving over $100 million in annualized savings.

Wearable fitness technology company Whoop has laid off 4% of its corporate workforce, primarily affecting its enterprise sales team known as Whoop Unite. This strategic reduction, announced in January 2023, marks the startup's second round of layoffs within just six months as it aims to sharpen its business focus. The cuts reflect broader industry trends, with many tech companies scaling back after a period of rapid growth. Founded in 2011 and backed by SoftBank's Vision Fund, Whoop had achieved a $3.6 billion valuation in 2021 and had recently expanded its target market from individual consumers and athletes to include enterprise clients.

Informatica laid off 450 employees representing approximately 7% of its workforce on 2023-01-10.

In January 2023, esports and lifestyle brand 100 Thieves conducted another round of layoffs, eliminating approximately 30 positions. This followed a significant reduction in its social media and content teams in mid-2022. The cuts primarily affected the editing and VFX departments, and included high-profile staff such as Chief Revenue Officer Matty Lee. The layoffs reflect ongoing restructuring within the competitive gaming and entertainment industry, as organizations like 100 Thieves adjust their operations amid broader economic pressures.

Century Therapeutics on 2023-01-09.

Scale AI, a leading AI data platform company, has announced a significant workforce reduction, laying off 20% of its team. This difficult decision, made by the CEO who took full responsibility, was driven by a need to realign the company's investments with a dramatically changed economic environment. The company had aggressively expanded its headcount in recent years, anticipating sustained high growth from enterprise and government AI interest, particularly during the pandemic's boost to sectors like e-commerce. However, facing a market correction and uncertain conditions for its clients, Scale AI concluded this restructuring was necessary for its long-term health. The layoffs were announced in a company update, with departing employees offered severance, extended healthcare, and other transition support.

Editas Medicine, an early gene-editing biotech company, laid off 20% of its workforce in January 2023 as part of a strategic restructuring to streamline its pipeline and operations. The layoffs coincided with the departure of its Chief Scientific Officer and were announced ahead of the J.P. Morgan Healthcare Conference. The company, which has faced challenges in advancing its clinical programs, made these cuts to prioritize key research and development efforts and extend its financial runway in a difficult market for the biotechnology industry.

Fate Therapeutics, a clinical-stage biopharmaceutical company based in San Diego, is laying off 315 employees, representing more than half of its workforce. This reduction will leave the company with 220 employees after the first quarter of 2023. The layoffs, which affect all departments including senior leadership and R&D, are part of a major restructuring following the termination of a key collaboration agreement with Janssen Biotech. The company is also discontinuing several natural killer cell programs to focus its pipeline on multiple myeloma and CAR T-cell therapies for solid tumors. Despite the cuts, Fate Therapeutics reports sufficient cash reserves to sustain operations through 2025.

WalkMe, a publicly traded software company, laid off 43 employees, representing 3% of its workforce, in January 2023. This strategic reduction was part of a shift to focus exclusively on enterprise clients with over 500 employees, moving away from the small and medium-sized business sector. The company, which went public in 2021, implemented these cuts to reduce its cash burn and aim for profitability, expecting annual savings of $6-7 million. This restructuring also included changes in executive roles, with the co-founder stepping back from the presidency.

Integrate, a marketing technology company, recently underwent a restructuring that resulted in layoffs affecting an unspecified number of its global team members. The company's leadership acknowledged the difficult decision, taking responsibility and offering support to those impacted through severance packages and assistance in finding new roles. While exact figures on the total workforce, percentage affected, and specific date were not disclosed in the announcement, the move reflects broader challenges within the tech and martech sectors. The CEO publicly shared a list of affected employees seeking opportunities, emphasizing the company's effort to handle the situation with compassion during this restructuring period.

Carbon Health, a primary and urgent care provider in the healthcare industry, laid off approximately 8% of its workforce, affecting around 200 employees, as part of a restructuring effort to streamline operations and focus on core markets. The layoffs occurred in early 2024, following a period of rapid expansion, as the company adjusted its strategy to improve financial sustainability and operational efficiency.

Lantern, a cannabis delivery technology company based in Massachusetts, is winding down its business by the end of January, resulting in layoffs for its entire team. The company grew to account for over half of the cannabis delivery market in Massachusetts, but faced challenges expanding beyond the state due to slow legalization and complex regulatory frameworks in key markets like New York. Lantern's closure reflects broader industry difficulties for ancillary cannabis tech companies, despite its success in facilitating early legal adult-use deliveries and advocating for social equity policies in the cannabis sector.

Aware on 2023-01-06.

On January 6, 2023, the crypto NFT marketplace SuperRare laid off 30% of its staff. CEO John Crain announced the cuts via a Slack message, citing unsustainable aggressive growth during the recent bull market and taking responsibility for over-hiring. The company, which focuses on working with artists and had raised a $9 million Series A in 2021, is facing broader industry headwinds, similar to larger competitor OpenSea, which also conducted layoffs. This move reflects the ongoing challenges in the crypto and NFT sector during a market downturn.

CreateMe on 2023-01-06.

CareerArc, a company specializing in employer branding and recruitment technology, recently underwent a reorganization that resulted in layoffs, affecting a number of smart and talented employees. While the exact number laid off and the percentage of the workforce impacted are not specified in the post, the announcement highlights the ongoing challenges within the tech industry, particularly for B2B SaaS, social media, and HR tech firms. The layoffs occurred as part of the company's restructuring efforts, reflecting broader trends of adjustment and consolidation in the sector. CareerArc, with a following of over 9,000 on LinkedIn, operates at a scale that serves numerous clients in recruitment and employer branding, emphasizing the human aspect of these difficult business decisions.

In January 2023, augmented reality hardware startup Mojo Vision announced a major restructuring, laying off 75% of its workforce. The California-based company, which had been developing AR smart contact lenses, cited significant challenges in raising capital due to economic headwinds and an unproven market for advanced AR products. As a result, production of the Mojo Lens was put on hold. The company pivoted to focus its remaining resources on the underlying micro-LED display technology, which it believes has broad disruptive potential. This drastic staff reduction impacted roles across the startup as it decelerated its flagship project.

Cue laid off 388 employees on 2023-01-05.

Twitter laid off 40 employees on 2023-01-05.