Layoffs in United States

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.

CloudKitchens, the ghost kitchen startup founded by former Uber CEO Travis Kalanick, laid off approximately 30 employees from its recruiting team in early November 2022. This represents a small fraction of its workforce of over 5,000. The cuts were part of a broader effort to control costs and move toward profitability, as the pandemic-driven surge in online food delivery subsides and economic pressures mount. The company, valued at $15 billion after raising $850 million in 2021, is among many startups adjusting to a tougher funding environment and shifting market conditions in the food tech industry.

Shippo, a shipping software company for e-commerce, has laid off approximately 20% of its workforce as part of its end-of-year planning. The decision, announced in late 2022, was driven by a significant shift in the macroeconomic environment over the preceding year, including slowed e-commerce growth. While the company remains well-capitalized and views shipping as mission-critical, it made this difficult move to adapt to the new conditions, ensure it can weather a potential recession, and continue making strategic investments. The layoffs affected a portion of its team, with the company encouraging other employers to reach out to its recruiting team to connect with the departing employees.

LiveRamp Holdings, Inc., a data connectivity platform in the software industry, announced a workforce reduction on November 3, 2022, as part of a strategic restructuring. The company laid off approximately 10% of its full-time employees to streamline operations and improve profitability. This headcount reduction, combined with a downsizing of its real estate footprint, is expected to yield annual operating expense savings of $30 million to $35 million. The move reflects a broader effort to simplify business processes and focus resources more efficiently.

Chime laid off 156 employees representing approximately 12% of its workforce on 2022-11-02.

In November 2022, agtech startup Iron Ox laid off 50 employees, representing nearly half of its then workforce of just over 100 people. The Bay Area-based company, which had raised over $100 million to develop automated robotic greenhouses, made the cuts to extend its cash runway amid broader economic headwinds. Leadership stated the decision was part of a renewed focus on core engineering and technology competencies, leading to a comprehensive reduction across various departments. While the layoff was a significant setback for the well-funded robotics and agriculture technology firm, the company indicated it had no plans to wind down operations and remained open to additional funding or a potential sale.

Opendoor laid off 550 employees representing approximately 18% of its workforce on 2022-11-02.

In May 2023, Digital Currency Group (DCG), a major crypto venture capital firm and parent company of Grayscale and CoinDesk, laid off around 10 employees, representing nearly 13% of its workforce and reducing total staff to about 66. This restructuring, which coincided with the promotion of Mark Murphy to president, was part of broader industry-wide cutbacks driven by a severe market downturn. The crypto sector had seen significant job losses since early 2022, with DCG's subsidiary Genesis also facing substantial layoffs following losses linked to the collapse of hedge fund Three Arrows Capital.

In November 2022, enterprise SaaS startup Chargebee, backed by investors like Tiger Global and Sequoia Capital India, laid off 142 employees, representing 10% of its workforce. The company, which provides subscription and revenue management solutions and is headquartered in Chennai and San Francisco, cited ongoing global macroeconomic challenges and a need to address operational debt as reasons for the reorganization. CEO Krish Subramanian explained the decision was part of efforts to align hiring and reduce expenses amid a gap between revenue and spending. Affected staff received three months of pay, extended benefits, and career support.

Oracle, a major enterprise software and cloud computing company, laid off as many as 200 employees within its crucial Oracle Cloud Infrastructure (OCI) unit on Tuesday, November 1, 2022. This move is significant because the cloud unit had previously been largely protected from the company's broader cost-cutting efforts throughout the year. While the layoffs represent a small percentage of OCI's approximately 10,000 employees, they signal a shift, impacting teams across OCI including Object Storage, operations, and engineering. This follows earlier layoffs in another cloud unit and reflects ongoing restructuring amid low morale following wider job cuts earlier in the year.

Help Scout on 2022-11-01.

In November 2022, fintech lending giant Upstart laid off approximately 140 employees, representing 7% of its then 2,000-strong workforce. The company, which operates a cloud-based AI lending platform, attributed the staff reduction to ongoing economic challenges and a significant decline in loan demand, driven largely by the Federal Reserve's interest rate hikes to combat inflation. This downturn led to a sharp drop in Upstart's loan volumes and a dramatic 84% fall in its share price over the year. The layoffs, focused on roles processing loan applications, were described as a difficult but necessary step for the company's long-term health, with no further cuts anticipated at that time.

Argo AI laid off 259 employees on 2022-11-01.

Gem laid off 100 employees representing approximately 33% of its workforce on 2022-11-01.

Brightline representing approximately 20% of its workforce on 2022-11-01.

EquityZen laid off 30 employees representing approximately 27% of its workforce on 2022-10-31.

Notarize laid off 60 employees on 2022-10-31.

Equitybee, an Israeli-founded startup that operates a marketplace for employees to exercise stock options with investor backing, laid off 25 employees in October 2022. This represented 20% of its then approximately 130-person workforce across Israel and the United States. The company, which had raised $85 million in venture capital, cited significant market changes as the reason for the restructuring. To streamline operations, Equitybee decided to sharpen its focus on the U.S. market and on serving employees at companies in high demand among its investor community. While maintaining its service in Israel, the layoffs were part of a strategic shift to navigate the tougher economic climate affecting the tech industry at the time.

Amazon laid off 150 employees on 2022-10-28.

Fifth Season laid off 100 employees representing approximately 100% of its workforce on 2022-10-28.

Advata laid off 32 employees representing approximately 21% of its workforce on 2022-10-28.

Elon Musk reportedly ordered company-wide layoffs at Twitter, indicating a restructuring effort, but specific numbers and dates were not mentioned in the article.

Spreetail, an ecommerce acceleration company, announced layoffs on October 27, 2022, as part of a restructuring to align with its brand partners' long-term needs in a post-pandemic landscape. While the exact number of employees affected was not disclosed, the move aimed to reduce team size, eliminate management redundancies, and adopt a flatter organizational structure. The decision reflects the company's focus on evolving its capabilities to support partners in a competitive market, ensuring future readiness for 2023 and beyond.

In October 2022, Recharge, a subscription management platform, announced a workforce reduction of 17%, affecting 84 employees. The layoffs were driven by challenging market conditions, including macroeconomic headwinds, weaker industry trends, and slower consumer spending. Leadership stated the decision was part of a reorganization to focus resources and ensure a longer, more sustainable runway for building merchant solutions. The company emphasized its commitment to supporting departing team members with severance, extended benefits, and job transition services.

In October 2022, amid a broader economic downturn affecting the 3D printing industry, the double-unicorn startup Carbon conducted a worldwide reduction in its workforce. While the exact number of employees laid off was not publicly disclosed, the company, known for its digital light synthesis (DLS) technology and partnerships with major brands like adidas, saw several experienced staff, including senior sales and management roles, announce their departures on LinkedIn. This move reflects the challenges Carbon and other firms in the sector face as they scale operations and navigate increased competition, despite having raised significant funding and achieving a high valuation. The layoffs highlight ongoing pressures in the advanced manufacturing industry as companies adjust to market realities.

Israeli cybersecurity unicorn Cybereason laid off 200 employees in October 2022, representing 17% of its workforce. This marked the company's second round of cuts that year, following the dismissal of around 100 staff in June. The layoffs, affecting mostly international offices with 50 in Israel, were driven by a significant shift in market conditions, including a closed IPO market. The company, which had about 1,500 employees prior to the cuts, stated it needed to prioritize financial efficiency over growth despite sustained demand for its technology. Backed by major investors like SoftBank and Google Cloud, Cybereason had previously filed for a U.S. IPO that could have valued it at over $5 billion.