Layoffs in United States

Tricida representing approximately 57% of its workforce on 2022-11-14.

Real estate proptech startup Ribbon has laid off approximately 170 employees, representing about 85% of its remaining staff, in a major round of cuts on November 19, 2022. This drastic reduction leaves the company with fewer than 30 employees. The layoffs follow a previous cut of 40% of its workforce in July 2022, which had reduced headcount to around 200. Founded in 2017 and backed by investors like Goldman Sachs, Ribbon provides software and temporary financing for homebuyers making all-cash offers. The company cited the need for a "re-balance" amid a severe downturn in the housing market, driven by soaring interest rates and falling demand, which has battered the proptech and mortgage sectors. This event is part of a wider wave of layoffs across the tech and real estate industries in late 2022.

iFIT, the Logan, Utah-based fitness technology company, has conducted another round of layoffs, reducing its global workforce by 20%. This follows previous job cuts and is attributed to ongoing supply chain challenges and a decline in consumer demand as the pandemic-driven home fitness boom subsides. The company, known for interactive exercise equipment like NordicTrack treadmills, is restructuring to navigate a post-pandemic market adjustment.

Science 37 laid off 90 employees on 2022-11-14.

Illumina laid off 500 employees representing approximately 5% of its workforce on 2022-11-14.

Amazon reportedly plans to lay off 10,000 employees this week as part of cost-cutting measures.

Juniper, a B2B commerce company under International Market Centers (IMC), announced layoffs in 2022 as part of a downsizing and reorganization. While the exact number of employees affected was not specified, the restructuring was significant enough to prompt the CEO, Bill Furlong, to step down and transition to a Senior Advisor role. The layoffs impacted many talented individuals, reflecting the tumultuous business climate of that year. Despite the reduction in team size, IMC aims to remain a leader in connecting manufacturers and brands with retail stores.

Offerpad representing approximately 7% of its workforce on 2022-11-11.

Veev, a proptech startup specializing in technology-enabled homebuilding, laid off approximately 100 employees in November 2022, representing about 30% of its workforce. This reduction occurred just eight months after the company raised a $400 million Series D round, bringing its total funding to $600 million and achieving unicorn status. The layoffs were attributed to a strategic shift to focus on developing low-rise housing units, leading to cuts in the team working on high-rise solutions. Prior to the layoffs, Veev employed around 350 people globally, including 100 in Israel.

Juul Labs announced on Thursday that it is laying off approximately 400 employees, which represents about one-third of its global workforce. This significant restructuring is part of a broader effort to reduce operating costs by 30-40% and stave off bankruptcy, following years of severe financial strain from legal challenges and regulatory actions. The e-cigarette maker, operating in the tobacco industry, secured emergency financing from early investors to maintain operations and continue its appeal against the FDA's marketing denial order. The company has faced numerous lawsuits and a declining market position, particularly after the FDA moved to ban its products earlier in the year.

Coinbase laid off 60 employees on 2022-11-10.

In November 2022, voice AI company SoundHound laid off approximately 10% of its workforce, affecting around 45 employees out of a total of 450. The Santa Clara-based firm, which had gone public via SPAC earlier that year, cited challenging market conditions and the need to streamline operations and focus investments on growth areas. The layoffs were accompanied by salary cuts for some remaining staff. SoundHound, founded in 2005, provides its voice AI platform to major clients like Mercedes-Benz and Hyundai and operates in the competitive artificial intelligence and automotive technology industry.

Wistia, a video hosting and marketing platform, laid off 40 employees across sales, engineering, operations, and marketing. This decision, announced by co-founder Chris Savage, was driven by a challenging economic environment. While the exact percentage and total workforce weren't specified, the layoffs represent a significant reduction for the company, which operates in the SaaS and video technology industry. The announcement was made with the aim of helping the affected, highly talented team members find new opportunities.

Reforge, a professional education company focused on product and growth, has laid off an unspecified number of employees across engineering, product, marketing, recruiting, operations, and content development. CEO Brian Balfour announced the difficult decision, attributing it to the challenging macroeconomic outlook. He expressed deep personal responsibility for the layoffs and emphasized efforts to support the impacted team members through the Reforge network. While the exact scale of the reduction and total employee count were not disclosed, the company stated it is well-positioned to continue its mission of helping professionals advance their careers during volatile times.

ZenBusiness on 2022-11-10.

Ocavu, a Utah-based tech company partnering with BYU on NFTs, has laid off 200 employees, representing a significant reduction from its workforce. The CEO described the cuts as eliminating "underperformers" to balance staffing, while also mentioning the company is receiving "major buyout offers." This restructuring follows a period where the company was valued at $1.9 billion last year, indicating a strategic shift in the competitive NFT and blockchain industry.

Blend, a California-based fintech company in the mortgage software industry, laid off employees in late 2022 as part of a restructuring effort. The layoffs, affecting approximately 10% of its workforce, were a response to significant financial challenges. The company reported a third-quarter loss of $133.98 million, driven by a sharp decline in mortgage banking and title insurance revenue amid a 63% drop in overall mortgage market volume. Despite growth in its consumer banking segment, the difficult housing market conditions necessitated cost-cutting measures to streamline operations and focus on core platform growth and product diversification.

Avast representing approximately 25% of its workforce on 2022-11-10.

Wavely representing approximately 100% of its workforce on 2022-11-10.

Redfin, a major real estate technology company, announced significant layoffs on November 9, 2022, cutting 862 employees, which represents 13% of its total workforce. This decision is part of a broader strategic shift to wind down its home-flipping business, RedfinNow, as the company faces a prolonged housing market contraction expected to last into 2023. The move follows earlier job cuts in June and comes amid a sharp decline in homebuying demand, with the company's quarterly losses widening. CEO Glenn Kelman noted the housing market in 2023 is projected to be 30% smaller than in 2021, necessitating these reductions to align with the challenging economic outlook. This reflects broader struggles within the iBuyer industry, where tech-driven home-flipping models have faced profitability issues.

Faze Medicines representing approximately 100% of its workforce on 2022-11-09.

RingCentral representing approximately 10% of its workforce on 2022-11-09.

AvantStay, a Los Angeles-based next-generation hospitality platform, laid off 144 employees on November 9, 2022, representing 22% of its workforce. This marked the company's second round of layoffs in 2022, following 43 job cuts in July. Co-founders Sean Breuner and Reuben Doetsch attributed the difficult decision to over-hiring based on overly optimistic growth forecasts, noting they hired for four times growth but achieved three times, with over $200 million in bookable revenue. They cited operational inefficiencies and ballooning costs as key factors. The hospitality industry company provided severance, extended healthcare, career support, and other assistance to affected employees while focusing on controlled future growth.

Root Insurance laid off 137 employees representing approximately 20% of its workforce on 2022-11-09.

Meta, the parent company of Facebook and Instagram, announced a significant layoff of over 11,000 employees on Wednesday, representing 13% of its workforce. CEO Mark Zuckerberg described this as one of the most difficult changes in the company's history, attributing the decision to rising costs and a need for greater efficiency. The move follows investor concerns after Meta's lukewarm fourth-quarter guidance and a 19% year-over-year increase in expenses to $22.1 billion in the third quarter. As a major player in the tech industry, Meta is also extending its hiring freeze and cutting discretionary spending while continuing its heavy investment in the metaverse.

Coursera laid off an unspecified number of employees on November 9, 2022, as part of a workforce reduction impacting all organizations and regions to some extent. The online education platform, operating in the edtech industry, made this difficult decision to slow its rate of spending amid a deteriorating macroeconomic environment, lower growth rates, and environmental uncertainty. CEO Jeff Maggioncalda explained that while the long-term outlook remains promising, the company needed to sharpen its focus, prioritize investments, and optimize its structure and operations, marking a shift from the aggressive expansion experienced during the pandemic in 2020. Impacted employees were notified through one-on-one conversations, with support provided during the transition.

Amobee, a digital advertising technology company, laid off an unspecified number of employees in early 2023 as part of a restructuring effort. The layoffs were attributed to broader economic challenges and a strategic shift within the advertising technology industry. While exact figures regarding the number of employees affected and the total workforce were not publicly disclosed, the move reflects ongoing consolidation and adaptation in the tech sector, particularly among mid-sized adtech firms navigating market volatility.

Cameo laid off 80 employees on 2022-11-09.

Flyhomes laid off 300 employees representing approximately 40% of its workforce on 2022-11-09.

In November 2022, mobile gaming company Kabam laid off approximately 35 employees, representing about 7% of its workforce, which totaled over 500 people. The Vancouver-based developer, known for titles like Marvel Contest of Champions and Disney Mirrorverse, stated the cuts were made to better align its resourcing structure with strategic priorities. This move occurred amid a broader economic slowdown affecting the tech industry, following Kabam's acquisition by Netmarble in 2016 and a subsequent merger of North American operations earlier that year.

NanoString representing approximately 10% of its workforce on 2022-11-08.

Repertoire Immune Medicines laid off 65 employees representing approximately 50% of its workforce on 2022-11-08.

SADA, a cloud consulting and technology services company, has laid off 11% of its workforce, a difficult first-time decision for the company as announced by CEO Tony Safoian. While the exact number of affected employees wasn't specified, the reduction impacts roles across customer success, engineering, sales, marketing, and project management. The layoffs, announced in a LinkedIn post, are attributed to a broader workforce reduction. The company is offering support to the departing team members and has asked its network to assist these talented individuals in finding new opportunities.

EverBridge laid off 200 employees on 2022-11-08.

Code42 representing approximately 15% of its workforce on 2022-11-07.

Zendesk, a customer service software company, laid off approximately 300 employees, representing about 8% of its workforce, in November 2022. The layoffs were part of a broader restructuring effort to streamline operations and improve profitability amid challenging economic conditions. This move affected teams across the organization as the company aimed to focus on its core product offerings and long-term growth strategy.

Domino Data Lab representing approximately 25% of its workforce on 2022-11-07.

Salesforce, a major enterprise software company in the tech industry, laid off fewer than 1,000 employees this week, representing just over 1% of its workforce of 73,541. The move comes as the company faces longer sales cycles and heightened scrutiny from clients, leading to softened demand in certain regions and industries like communications and retail. This follows a period of rapid hiring growth and reflects broader economic pressures, including rising interest rates, that are prompting tech firms to adjust their headcounts.

Cybersecurity firm Varonis laid off 110 employees in November 2022, representing 5% of its then 2,270-strong workforce. Half of the cuts affected its R&D center in Israel. The publicly traded company, which develops enterprise security software, made the decision following disappointing third-quarter results that caused its share price to drop over a third. Despite holding substantial cash reserves and projecting annual revenue growth, Varonis faced market pressure after reporting lower-than-expected forecasts and an operating loss. The layoffs were part of a broader trend of cutbacks within the cybersecurity industry at the time.

Exodus laid off 59 employees representing approximately 22% of its workforce on 2022-11-04.

Twitter laid off 3,700 employees representing approximately 50% of its workforce on 2022-11-04.

Benitago Group, an e-commerce aggregator that acquires and operates brands on Amazon, laid off 14% of its staff in early November 2022. The company, which had raised $380 million in equity and debt financing the previous year, confirmed the workforce reduction was primarily in its mergers & acquisitions and talent acquisition departments. This decision followed a strategic shift back toward brand incubation and operations, a move co-founder Benedict Dohmen described as a return to the company's roots. The layoffs were attributed to underestimating the impact of an e-commerce market downtrend and rising pressure for profitability, reflecting broader cooling in the once-hot aggregator sector.

Mythical Games representing approximately 10% of its workforce on 2022-11-04.

LendingTree, a major online lending marketplace in the financial technology industry, has conducted a round of layoffs affecting approximately 140 employees, which represents about 12% of its workforce. This workforce reduction, announced in early 2024, is part of a strategic restructuring effort aimed at streamlining operations and reducing costs to improve profitability amid a challenging market environment characterized by higher interest rates and reduced mortgage activity. The company, which operates at a significant scale in the fintech sector, is refocusing its resources on core growth areas.

Affirm representing approximately 1% of its workforce on 2022-11-03.

Alcohol-ordering startup Provi has conducted a round of layoffs, reducing its workforce as part of a broader restructuring effort. The company, which operates in the technology and beverage distribution industry, made these cuts in early November 2022. While specific numbers regarding the total employees affected or the percentage reduction were not disclosed, the move reflects ongoing challenges and adjustments within the startup sector amid shifting market conditions.

Lyft laid off 700 employees representing approximately 13% of its workforce on 2022-11-03.

Stripe laid off 1,000 employees representing approximately 14% of its workforce on 2022-11-03.

Studio, a tech company, has implemented significant layoffs, impacting a number of talented employees. While the exact number of affected staff and the total workforce size are not specified in the announcement, the cuts are described as drastic. The layoffs were announced recently, with a shared alumni list indicating those seeking new opportunities. The context suggests these job cuts are part of the broader trend of tech industry layoffs. The company appears to be in the technology sector, though its specific scale is not detailed.

Rubius representing approximately 82% of its workforce on 2022-11-03.