Layoffs in United States

LeafLink laid off 80 employees representing approximately 31% of its workforce on 2022-12-15.

Apollo representing approximately 15% of its workforce on 2022-12-15.

BigCommerce laid off 180 employees representing approximately 13% of its workforce on 2022-12-15.

Freshworks, a Nasdaq-listed SaaS unicorn in the enterprise tech industry, has laid off approximately 90 employees, which represents less than 2% of its workforce of over 4,000 people. The layoffs, occurring across sales, marketing, and engineering teams, are part of an organizational reshuffle aimed at fueling business growth and aligning resources with critical initiatives amid macroeconomic pressures. This move reflects broader industry challenges, including inflationary pressures and reduced software spending, which have prompted similar actions by other SaaS companies. The affected employees have reportedly received severance packages, and the company has integrated its HR management system, Freshteams, with another product as part of these changes.

Headspace laid off 50 employees representing approximately 4% of its workforce on 2022-12-14.

Online ordering company ChowNow is laying off 40 employees, representing about 10% of its staff, as demand for delivery services stabilizes post-pandemic. This follows a previous round of cuts in July, when the company reduced its workforce by 20% from about 500 employees. The Los Angeles-based firm, which partners with around 20,000 independent restaurants, cites the need to ensure long-term sustainability amid shifting consumer dining habits and a tightening investment climate. Founded in 2012, ChowNow positions itself as a restaurant-friendly alternative to larger delivery platforms. This move reflects broader downsizing trends in the restaurant technology sector this year.

Quanergy Systems laid off 72 employees on 2022-12-14.

Landing on 2022-12-14.

In December 2022, Edgio, Inc., an IT services and consulting company, approved a restructuring plan to reduce operating costs and optimize its business model. As part of this initiative, the company announced a reduction in force affecting approximately 95 employees, which represents about 10% of its global workforce. The layoffs are expected to be implemented through the second quarter of 2023 and are projected to result in approximately $14 million in net annual savings. Concurrently, the company's Chief Growth Officer departed, with his duties being assumed by the CEO.

Viant, a publicly traded digital advertising technology company, announced plans in December 2022 to lay off 46 employees, representing 13% of its workforce. The layoffs are part of a cost-reduction strategy aimed at sharpening the company's focus on key growth priorities amidst an adverse macroeconomic environment and a broader downturn in digital advertising. This move aligns with similar workforce reductions across the adtech industry, as companies like Meta and Google also faced declining ad sales. Viant, which operates a demand-side platform and owns properties such as MySpace, cited a deceleration in advertising spend from key verticals like automotive and retail as a contributing factor.

Komodo Health, a healthcare data analytics startup valued at $3.3 billion, laid off 78 employees, representing 9% of its workforce, in December 2022. The restructuring occurred amid a frigid IPO market, with the company aiming to improve profitability ahead of a potential public debut. This move followed the departure of its CFO and came alongside a $200 million equity infusion from investors Dragoneer and Coatue. The co-founders described the layoffs as a step to ensure capital efficiency in a changing economic environment, marking the company's second round of cuts since 2020.

TaxBit on 2022-12-13.

Pluralsight, a technology workforce development platform, laid off approximately 400 employees in early 2024, representing about 20% of its workforce. The layoffs were part of a restructuring effort to streamline operations and focus on core business priorities, including its AI-driven learning tools. This move follows the company's acquisition by Vista Equity Partners and reflects broader adjustments in the edtech and corporate training industry.

Caribou on 2022-12-12.

Balto laid off 35 employees on 2022-12-12.

Freshly laid off 329 employees on 2022-12-12.

Convene, a company in the workplace and hospitality industry, laid off a number of its team members this week as part of a reassessment of its organizational structure. The decision, described as incredibly tough by CEO Ryan Simonetti, was driven by the need to position the business for future growth in a challenging and dynamic macroeconomic environment. While the exact number of employees affected and the total workforce size were not specified, the layoffs reflect a strategic shift. Simonetti expressed regret, noting in hindsight that the company would have ramped up more slowly post-pandemic and been more cautious with R&D investments in certain areas. The company is offering support and seeking to connect the impacted individuals, who were instrumental to its culture and success, with new opportunities.

In December 2022, the edtech unicorn Outschool conducted its second round of layoffs for the year, letting go of 43 employees, which represented a quarter of its staff. The company, which was last valued at $3 billion, cited a dramatic slowdown in growth as students returned to in-person schooling and a challenging funding environment marked by recession fears and higher investor demands for profitability. This followed an earlier layoff in July that affected 18% of its workforce, underscoring the broader struggles within the once high-flying edtech sector.

Autobooks, a financial technology company, has laid off an unspecified number of employees amid a broader wave of tech industry job cuts. The layoffs occurred in December 2022, reflecting the challenging economic environment and strategic adjustments within the tech sector. While exact figures regarding the total workforce and percentage affected were not disclosed, this move aligns with a trend of cost-cutting and restructuring seen across many technology firms during this period.

C2FO laid off 20 employees representing approximately 2% of its workforce on 2022-12-09.

ZenLedger representing approximately 10% of its workforce on 2022-12-09.

In December 2022, Israeli cybersecurity unicorn Armis laid off 25 employees, representing about 3.5% of its 670-person workforce. The company, which had raised $300 million at a $3.4 billion valuation the previous year, stated the layoffs were part of a streamlining process and adjustments to its work plan. Armis cited the need to shift budgets between departments and prepare for a potential future economic slowdown, even while reporting strong demand and expecting to double its revenue that year. This move was positioned as a strategic step to build a leading global cybersecurity company for the long term.

Nerdy representing approximately 17% of its workforce on 2022-12-08.

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Airtable, a no-code software company last valued at $11 billion, laid off approximately 254 employees on December 8, 2022, affecting about 20% of its workforce. The cuts impacted teams including business development and engineering, as the company shifts its strategy from a bottoms-up product to focusing on connected apps for larger enterprises. This move, part of broader 2022 tech industry layoffs driven by economic concerns, coincided with the departure of its chief revenue officer, chief people officer, and chief product officer. Affected employees were offered at least 16 weeks of severance, accelerated equity vesting, and immigration support.

Lenovo on 2022-12-08.

Inscripta laid off 43 employees on 2022-12-08.

Blue Apron representing approximately 10% of its workforce on 2022-12-08.

Vanta representing approximately 14% of its workforce on 2022-12-08.

FireHydrant, a company focused on software reliability, has undergone a restructuring that resulted in layoffs affecting several employees. While the exact number of impacted individuals and the total workforce size were not disclosed in the announcement, the company described the decision as difficult and part of a major organizational change. The layoffs were announced via a LinkedIn post, with the company expressing hope that other organizations would hire the affected talented professionals and offering an alumni directory to facilitate their job search. The event highlights ongoing adjustments within the tech industry.

TechTarget laid off 60 employees representing approximately 5% of its workforce on 2022-12-08.

Israeli cybersecurity startup CyCognito has laid off approximately 30 employees, representing about 15% of its workforce of around 185 people. The layoffs, announced in December 2022, affect staff in both Israel and the U.S., with an estimated half of the impacted roles based in Israel. Co-founder Dima Potekhin cited the need to reduce cash burn and prepare for an anticipated difficult recession as the primary reasons, aiming to avoid raising new capital during the market downturn. This move comes just one year after the company secured a $100 million Series C funding round at an $800 million valuation.

Bakkt representing approximately 15% of its workforce on 2022-12-08.

Commercial real estate finance startup Lev laid off approximately 30 employees last week, representing less than 30% of its workforce, as part of a broader industry trend. The company, which operates a digital lending platform and had raised significant funding, made these cuts primarily within its sales and operations teams. CEO Yaakov Zar cited over-hiring in anticipation of stronger 2023 growth, which now seems unlikely due to rising interest rates slowing CRE financing. The layoffs occurred in early December 2022, amid widespread cutbacks in both the technology and real estate sectors.

Motive laid off 237 employees representing approximately 6% of its workforce on 2022-12-07.

On December 7, 2022, the software company Relativity laid off 150 employees. The Chicago-based firm, which specializes in legal technology and e-discovery software, cited a need to restructure and adapt to changing market conditions as the reason for the workforce reduction. While the exact total number of employees and the percentage affected were not disclosed in the report, this move reflects broader adjustments within the tech industry during a period of economic uncertainty.

Recur Forever laid off 235 employees on 2022-12-07.

Fintech decacorn Plaid announced layoffs of 260 employees, representing 20% of its workforce, on December 7, 2022. CEO Zach Perret stated the company had hired aggressively during the COVID-19 pandemic amid rapid customer growth and revenue acceleration. However, macroeconomic shifts led to slower-than-expected growth among its customers, causing Plaid's cost growth to outpace revenue. The layoffs affected teams across the company, with recruiting and engineering among those impacted. Departing employees received 16 weeks of base pay severance, extended healthcare coverage, accelerated equity vesting, and career support services.

CircleCI representing approximately 17% of its workforce on 2022-12-07.

Lithic laid off 27 employees representing approximately 18% of its workforce on 2022-12-07.

Integral Ad Science laid off 120 employees representing approximately 13% of its workforce on 2022-12-07.

Zywave on 2022-12-07.

Houzz, a U.S.-based home design and renovation platform, laid off nearly 100 employees globally in December 2022, representing about 8% of its workforce. The company cited challenging macroeconomic conditions in the home improvement and interior design industry as the reason for the cuts. Following these layoffs, Houzz's total employee count was reduced to approximately 1,100, down from 1,800 in 2019, reflecting a broader trend of workforce trimming over recent years. Founded in 2009 and headquartered in Palo Alto, California, Houzz operates internationally with offices in locations including Tel Aviv, London, Berlin, and Sydney. The company, which has raised significant venture funding, has also postponed plans for an IPO due to market conditions.

Cannabis-tech firm Weedmaps is laying off up to 175 employees, representing about 25% of its workforce, as the broader cannabis industry faces a significant downturn. The majority of these cuts occurred in early December 2022, following a previous 10% reduction in August. The layoffs come amid a leadership transition, with co-founder Doug Francis serving as interim CEO after Chris Beals stepped down in November. Facing a steep decline in its stock price and market value, the company cited the need to achieve profitability and positive cash flow in 2023. Its clients, cannabis businesses, are reducing spending due to regulatory uncertainty, falling sales, and a tough economic climate.

Stash laid off 32 employees representing approximately 8% of its workforce on 2022-12-06.

In December 2022, African fintech unicorn Chipper Cash laid off approximately 12.5% of its workforce, affecting over 50 employees out of a total of about 400. The layoffs impacted multiple departments, with the engineering team bearing the brunt, accounting for around 60% of the cuts. The company, valued at $2.2 billion in 2021 and operating in the cross-border payments sector across Africa and the U.K., had raised significant funding, including a $150 million extension led by FTX just months prior. This restructuring occurred amid broader market challenges, reflecting strategic adjustments within the high-growth fintech startup.

Intel, the Santa Clara-based semiconductor giant, has initiated layoffs in California, cutting 201 positions as part of a broader effort to reduce costs by up to $10 billion by 2025. The layoffs, set to begin on January 31, affect 111 employees in Folsom and 90 in Santa Clara, where the company is headquartered. While the total number of employees at Intel is not specified in this report, the layoffs represent a small fraction of its global workforce. The company is also implementing a voluntary unpaid leave program for thousands of factory workers worldwide to manage short-term expenses amid an unpredictable economy and a significant decline in net income and sales. This move reflects the challenges in the competitive chip market, with Intel aiming to streamline operations while positioning itself for long-term growth.

In December 2022, digital media company BuzzFeed laid off approximately 180 employees, representing 12% of its workforce, as part of a significant cost-cutting measure. The layoffs, announced on December 6, were driven by challenging macroeconomic conditions, including a pullback in advertising spending, the completion of its integration of Complex Media, and a strategic shift toward monetizing short-form vertical video. CEO Jonah Peretti stated the move was necessary to adapt to an economic downturn expected to extend into 2023. With around 1,522 employees at the end of 2021, the publicly traded company, which went public in late 2021, faced a widened net loss in Q3 2022 despite revenue growth, prompting a focus on optimizing its cost structure.

OneStudyTeam, a clinical trial workflow platform under parent company Reify Health, laid off 160 employees in December 2022, representing about a quarter of its workforce. The company cited a need to restructure and streamline operations after a period of extremely rapid growth and hiring. This move came despite Reify Health having secured significant funding earlier in the year, including a $220 million Series D round in April that valued the company at $4.8 billion. OneStudyTeam operates in the health tech industry, providing cloud-based software to accelerate clinical trials.

Doma laid off 515 employees representing approximately 40% of its workforce on 2022-12-06.