Layoffs in United States

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.

In October 2022, Zillow, the Seattle-based online real estate marketplace, laid off approximately 300 employees, affecting about 5% of its then workforce of 5,791. The company described this as a difficult but necessary decision to shift resources toward key growth areas, particularly technology-related roles within its housing super-app strategy. The layoffs primarily impacted positions in Zillow Offer advisors, PA sales, and back-end staff at Zillow Home Loans and Zillow Closing Services. This move followed a larger workforce reduction in late 2021, when Zillow cut about 2,000 jobs after shutting down its iBuying service, Zillow Offers. The 2022 layoffs were part of a broader trend of workforce adjustments in the tech industry amid economic uncertainty.

MindBody laid off 400 employees representing approximately 15% of its workforce on 2022-10-26.

Argo AI, an autonomous vehicle startup, is laying off 173 employees in Michigan as the company winds down operations. This move follows the company's shutdown announcement, which came after major backers Ford and Volkswagen shifted their investments away from full self-driving technology. The layoffs, effective in late October 2022, reflect the broader challenges in the autonomous vehicle industry, where high costs and technological hurdles have led to consolidation. Argo AI, once valued at over $7 billion, had received significant funding, including a $1 billion investment from Ford in 2017, but ultimately could not achieve sustainable commercialization.

On October 26, 2022, GoFundMe, a crowdfunding platform, announced a restructuring that resulted in laying off 94 employees, representing approximately 12% of its workforce. CEO Tim Cadogan cited a challenging macroeconomic environment, including inflation-driven budget constraints that led to a decline in donations, as the primary reason. The company is refocusing on its core business and scaling back longer-term investments. Affected U.S. employees received a minimum of 13 weeks' salary, extended stock option exercise periods, and healthcare support through April 2023.

Seagate Technology, a major hard drive manufacturer, announced plans on Wednesday to lay off approximately 3,000 employees, representing 8% of its global workforce. This restructuring, driven by economic uncertainty and a significant decline in demand for PC and cloud server components, follows disappointing fiscal first-quarter earnings that missed revenue and profit expectations. The company, whose customers include cloud providers facing inventory buildups, aims to complete the cuts by the end of its March quarter, anticipating annual savings of about $110 million. The move highlights broader deterioration in the tech hardware industry after pandemic-driven growth.

Embroker laid off 30 employees representing approximately 12% of its workforce on 2022-10-25.

Fintech unicorn Fundbox has laid off 150 employees, representing 40% of its 360-person workforce, with cuts split evenly between its Israeli and U.S. operations. Announced on October 25, 2022, the layoffs are part of a broader restructuring, with CEO Prashant Fuloria citing that the company grew its team too rapidly and now needs to course-correct amid macroeconomic headwinds affecting the small business economy. The Israeli-founded company, which provides AI-powered credit solutions to small and medium-sized businesses, had achieved a $1.1 billion valuation in late 2021.

Convoy on 2022-10-25.

Callisto Media, an independent nonfiction book publisher, conducted another significant round of layoffs on October 24, 2022, following a previous reduction of 140 employees (35% of its workforce) in mid-July. While the exact number from this latest cut is unspecified, former employees estimate as many as 200 staff were let go, dealing a severe blow to the company's ranks. CEO Benjamin Wayne cited an extremely challenging market and a failure to secure new outside investment as reasons, stating the company needed swift restructuring to reach profitability. The layoffs coincided with the temporary closure of its physical offices in New York and Emeryville, California. This series of cuts highlights the severe pressures facing the publishing industry and venture-backed companies amid economic uncertainty.

In October 2022, the telehealth unicorn Cerebral laid off approximately 400 employees, representing 20% of its staff, as part of a push for operational efficiencies and more sustainable growth. The SoftBank-backed digital health company, operating in the mental health care industry, primarily cut clinical staff and care counselors. This restructuring occurred amid ongoing scrutiny, including a Department of Justice investigation into its prescribing practices for ADHD medications like Adderall, which the company had since discontinued. Cerebral stated the layoffs were aimed at prioritizing clinical quality and safety while democratizing access to mental health care.

On October 24, 2022, Israeli-US cybersecurity company Snyk announced a second round of layoffs, cutting 198 employees, which represents 14% of its workforce of approximately 1,400. CEO Peter McKay cited significant market shifts and a need to adapt to economic headwinds, aiming to balance growth with profitability and achieve free cash flow positivity by 2024. This follows a previous layoff of 30 employees in June 2022, as the tech sector slowed. Despite rapid growth—doubling annually with over 2,300 customers—Snyk faced challenges, including a potential drop in valuation from its last $8.5 billion funding round in 2021. The layoffs are part of a restructuring to operate more efficiently amid global economic uncertainties.

Khoros laid off 120 employees representing approximately 10% of its workforce on 2022-10-21.

F5 laid off 100 employees representing approximately 1% of its workforce on 2022-10-21.

Volta representing approximately 54% of its workforce on 2022-10-21.

Loom, a video messaging platform, conducted a layoff in early 2023, affecting approximately 34 employees, which represented about 14% of its workforce at the time. The company cited a need to streamline operations and extend its financial runway amid broader economic challenges in the tech industry. This restructuring aimed to focus resources on core product development and long-term growth.

Sales Boomerang, a mortgage fintech company, laid off at least 20 employees on October 20, affecting roles across marketing, sales, talent acquisition, and engineering. This reduction followed its merger with Mortgage Coach in June, after which the combined entity had 144 employees and initially stated no layoffs were planned. The cuts, representing about 14% of the workforce, were attributed to challenging market conditions as the mortgage industry rightsizes amid rising rates. The company, operating under distinct brands post-merger, declined to comment on the specifics, though former employees expressed surprise given earlier assurances. This move reflects broader cost-cutting trends in the mortgage tech sector during a difficult period for lenders.

Zeus Living laid off 64 employees representing approximately 46% of its workforce on 2022-10-20.

Roofstock, a real estate technology company, laid off approximately 27% of its workforce in early 2023, affecting around 120 employees. This reduction was part of a broader restructuring effort to streamline operations and extend the company's financial runway amid challenging market conditions in the proptech industry. The layoffs followed a period of rapid growth and were aimed at ensuring long-term sustainability. Roofstock, which operates an online marketplace for buying and selling rental properties, had previously raised significant venture capital and expanded its team substantially before this adjustment.

Starry representing approximately 50% of its workforce on 2022-10-20.

Gopuff laid off 250 employees on 2022-10-19.

Based on available information, AtoB, a San Francisco-based fintech company in the trucking payments sector, conducted a layoff in early 2024. The company reduced its workforce by approximately 17%, which affected around 40 employees. This restructuring was part of a strategic shift to extend its financial runway and focus resources on core product development and key growth areas. The move reflects broader challenges and adjustments within the fintech and transportation logistics industries as companies navigate economic pressures.

Clever Real Estate on 2022-10-19.

Side, a venture-backed white-label residential brokerage based in San Francisco, has conducted a new round of layoffs, citing "technology advancements" and the "macroeconomic climate" as reasons. While the exact number of employees affected in this October 2022 round was not disclosed, it follows a previous layoff in June 2022 where the company cut 10% of its workforce. The firm, last valued at $2.5 billion in mid-2021, operates in the competitive real estate technology sector and is part of a broader trend of brokerages like Anywhere Real Estate and Compass reducing staff to cut costs amid a slowing housing market. The recent cuts reportedly had minimal impact on product, engineering, and agent growth teams.

Leafly laid off 56 employees representing approximately 21% of its workforce on 2022-10-18.

Microsoft, the global technology giant, has conducted another round of layoffs, affecting fewer than 1,000 employees. This move, confirmed on Monday, follows a similar reduction three months prior and comes as the company anticipates its slowest revenue growth in over five years, partly due to weaker PC Windows license sales. While the exact percentage is not specified relative to its total workforce of over 200,000, the cuts reflect broader cost-cutting trends in the tech industry, where companies like Meta and Salesforce are also adjusting hiring. Microsoft stated it continues to evaluate business priorities and will keep investing in key growth areas despite these structural adjustments.

Flipboard laid off 24 employees representing approximately 21% of its workforce on 2022-10-16.

Beyond Meat laid off 200 employees, representing about 19% of its workforce, in October 2022 as part of a restructuring effort to drive sustainable growth amid financial challenges. The plant-based meat company, a leader in the industry, also significantly reduced its revenue outlook for the third quarter and full year, citing stagnant growth, missed targets, and substantial losses from new product investments. This marked the second round of layoffs that year, following a 4% reduction in August, reflecting broader struggles within the plant-based meat sector. The cuts, expected to save $39 million, affected all levels of the organization, including senior leadership positions.

Clear Capital, a real estate valuation technology company, laid off approximately 378 employees, representing 27% of its global workforce, in October 2022. The company, which had around 1,400 employees, primarily cut roles from its operational team. CEO Duane Andrews cited a restructuring to reduce expenses and adapt to a challenging housing market, driven by rising interest rates that significantly decreased customer volume in the mortgage industry. The layoffs followed a hiring freeze, with executives noting that anticipated work volume recovery did not materialize, making the cuts a last resort amid uncertain market conditions.

Take-Two Interactive is shutting down its mobile gaming studio Playdots, resulting in 65 layoffs effective January 2023. The closure is part of a strategic shift following Take-Two's acquisition of Zynga, as the company refocuses its mobile efforts on leveraging major franchises like Grand Theft Auto and NBA 2K. While the popular puzzle game Two Dots will continue to be supported by another Zynga studio, the future of other Playdots titles, such as the recently launched Garden Tails on Apple Arcade, remains uncertain. Playdots, which was acquired by Take-Two in 2020 for $192 million, will see affected employees offered opportunities to apply for roles within Zynga, with severance available for those who do not transition.

Salesforce laid off 90 employees on 2022-10-13.

ExtraHop on 2022-10-13.

In October 2022, the US-based AI and sales intelligence platform 6sense conducted a significant workforce reduction, laying off approximately 150 employees globally. This figure represented about 10 percent of its total workforce. The cuts, executed over a few days, impacted teams across content, design, video editing, product, sales, marketing, and engineering, including staff at its offices in Bengaluru and Pune, India. Employees were informed via brief Zoom calls with managers and HR, citing an uncertain macroeconomic environment and a difficult third quarter for the SaaS industry as the primary reasons. The company, backed by investors like Y Combinator and Tiger Global, framed the layoffs as a necessary cost-cutting measure amid broader market challenges.

In October 2022, health tech startup Noom conducted its second round of layoffs in a matter of months, cutting approximately 500 employees, which represented about 10% of its total staff. This reduction primarily impacted the company's coaching team, bringing the number of coaches down to around 1,000, nearly half of what it was at the start of the year. The layoffs occurred amid the departure of the company's CFO and were framed by the company as a restructuring effort to ensure long-term growth, despite Noom having achieved $400 million in revenue in 2020 and being valued at $3.7 billion the previous year. This move signaled a strategic shift away from its core emphasis on personalized coaching services.

Financial technology company MX, a Utah-based "unicorn" valued at $1.9 billion last year, has laid off approximately 200 employees. The layoffs, confirmed by a former manager in October 2022, are part of a reduction and reorganization effort by the company to "better deliver on our mission." While the exact percentage of its workforce affected is not specified, the cuts reflect a broader trend of staff reductions among tech companies, including in Utah. MX operates in the competitive fintech industry from its headquarters in Lehi.

On October 11, 2022, Udacity, an online education platform in the edtech industry, announced a layoff affecting 55 employees, representing approximately 13% of its workforce. The decision was made as part of a strategic review to address increasing market headwinds and create a more sustainable business model amid a challenging macroeconomic environment. Founder Sebastian Thrun communicated the difficult move, noting it was necessary after exhausting other options to reduce fixed and discretionary costs. Concurrently, CEO Gabe Dalporto departed, with Thrun stepping in as Executive Chairman. The company emphasized its commitment to its mission despite the restructuring, aiming for this to be the sole round of layoffs.

Intel is reportedly planning major layoffs, likely affecting thousands of jobs, but specific numbers, dates, and reasons are not detailed in the article.

In October 2022, fintech decacorn Brex, a corporate spend management startup valued at $12.3 billion, laid off 136 employees, representing 11% of its workforce, as part of a restructuring effort. This reduced its total headcount to just over 1,150. The layoffs, affecting all departments, stemmed from the company's strategic pivot earlier in the year to focus exclusively on enterprise clients and early-stage startups, abandoning its small business segment. This shift, combined with a challenging macroeconomic and fundraising environment in 2022, rendered certain roles redundant. The company's CFO also departed during this period.

In October 2022, San Francisco-based proptech unicorn Pacaso laid off 100 employees, representing 30% of its then 300-person workforce. The company, which facilitates co-ownership of luxury second homes, cited a deteriorating economic environment and fears of a pending global recession as the primary reasons. A key factor was a 28% quarterly drop in mortgage rate locks for luxury second homes, signaling reduced demand. The layoffs, described as a proactive measure to align expenses with revenue, returned the company's headcount to just over 200, its level from January 2022. No single department was disproportionately affected, and the company assured that services for existing owners and agent commissions would remain unchanged.

Nyriad representing approximately 33% of its workforce on 2022-10-10.

Meal-kit company HelloFresh is laying off 611 warehouse workers and permanently closing its facility in Richmond, California, with the layoffs effective December 11, 2022. The company, which operates in the competitive meal-kit delivery industry, cited the expiring lease and a strategic shift toward newer, more efficient sites as reasons for the closure. This move comes as HelloFresh and rivals like Blue Apron face profitability challenges amid shifting consumer habits post-pandemic, with the company's EBITDA having declined nearly 23% in the first half of 2022. The Richmond warehouse was one of two U.S. locations where employees had previously attempted to unionize in 2021, though the effort did not succeed.

SurveyMonkey laid off 180 employees representing approximately 11% of its workforce on 2022-10-10.

Redesign Health laid off 67 employees representing approximately 20% of its workforce on 2022-10-10.

Pavilion Data, a startup in the NVMe-over-Fabrics all-flash array industry, ceased operations in October 2022, resulting in the layoff of 96 out of its 100 employees—a 96% reduction. The company, which had raised $45 million and was founded in 2014, faced insurmountable challenges including failed attempts to secure additional funding or find a buyer. External factors like the COVID-19 pandemic, supply chain disruptions, inflation, and economic uncertainty compounded internal issues such as frequent CEO turnover. With cash reserves depleted, investors decided to shut down the company, marking the end of the last major startup in its sector. Operations officially ended on October 12, 2022, with minimal severance offered to employees due to the company's financial state.

BioMarin laid off 120 employees representing approximately 4% of its workforce on 2022-10-07.

Impossible Foods, a plant-based meat alternative company, laid off approximately 20% of its workforce in late 2022, affecting around 130 employees. This restructuring was part of a broader effort to streamline operations and reduce costs amid slowing growth in the alternative protein sector. The layoffs followed a period of rapid expansion and were intended to refocus the company on core product innovation and profitability. As a significant player in the food technology industry, Impossible Foods continues to scale its operations while navigating market challenges.