Layoffs in United States

Snagajob, an online job board platform for hourly workers, has laid off approximately 40 employees at its headquarters in Richmond, Virginia. The cuts were made in response to shifting market conditions and an uncertain economic outlook, as stated by CEO Mathieu Stevenson. While the exact percentage of the local workforce affected is unclear, the company emphasized its commitment to maintaining a presence in Richmond. Founded in 2000, Snagajob has undergone previous workforce reductions, including in 2018, and operates in the HR tech industry.

The Wing representing approximately 100% of its workforce on 2022-08-31.

TCR2 laid off 30 employees representing approximately 20% of its workforce on 2022-08-31.

Hippo Insurance, a U.S.-Israeli insurtech company specializing in home and property insurance, announced layoffs affecting 70 employees, which represents 10% of its workforce. The cuts, effective immediately in August 2022, are part of a restructuring effort amid significant stock decline and leadership changes, including the recent replacement of its founder as CEO. The company reported a severance package totaling approximately $4 million for the affected employees. This move follows a lowered revenue forecast and missed analyst expectations, reflecting broader challenges in adjusting its growth trajectory and operational costs.

Snap, the parent company of Snapchat, is implementing a significant workforce reduction, laying off approximately 20 percent of its employees. With a total workforce of over 6,400, this translates to around 1,280 job cuts. The layoffs, which began on August 31, 2022, are part of a broader restructuring effort to cut costs amid a sharp decline in the company's financial performance. Snap's stock price had plummeted nearly 80 percent since the beginning of the year, leading to this decisive action. The cuts are impacting various departments, including the hardware division responsible for Spectacles and the canceled Pixy drone, the team developing mini-apps and games within Snapchat, and the Zenly mapping app. This move follows a period of aggressive hiring during the pandemic and reflects the challenging economic environment facing the social media and technology industry.

Nate laid off 30 employees on 2022-08-30.

Electric, an IT and security management platform for small to medium businesses, laid off approximately 15% of its workforce in early 2023, affecting around 30 employees. The company, which had about 200 employees total, cited a need to streamline operations and extend its financial runway amid broader economic uncertainties in the tech industry. This restructuring reflects the challenges faced by many SaaS and IT service providers in adjusting to shifting market demands and prioritizing sustainable growth.

African genomics startup 54gene laid off 95 employees in August 2022, representing approximately 30% of its workforce of over 290. The layoffs primarily resulted from a significant decline in COVID-19 testing demand, a business line the company had expanded into during the pandemic. This downturn led to redundancies across multiple functions, including labs, sales, data entry, and sample collection. Founded in 2019, the startup had raised $45 million to advance precision medicine by building a biobank of African genetic data, but the contraction of its testing operations necessitated this workforce reduction.

Skillz, a mobile esports platform company, conducted a round of layoffs in early 2024, affecting approximately 10% of its workforce. This reduction, which impacted dozens of employees, was part of a broader restructuring effort aimed at extending the company's financial runway and achieving profitability. The layoffs follow a period of strategic challenges for Skillz as it navigates a competitive mobile gaming market and works to streamline its operations.

Fungible, a VC-funded composable DPU startup, has laid off a significant number of employees as it refocuses on the mature storage market amid broader economic challenges. The company, which has raised $311 million, is navigating a competitive landscape dominated by established players while burning cash. This move, reported in late August 2022, reflects industry-wide pressures including inflation, supply chain issues, and recession fears affecting tech startups. Fungible's strategy centers on its DPU hardware and composability software, aiming to streamline server-storage interactions, but market saturation poses a challenge for its growth.

Zymergen, a biotechnology company focused on bio-manufacturing, laid off approximately 120 employees, representing about 25% of its workforce, in a restructuring effort announced in August 2022. The move was part of a strategic shift to prioritize near-term revenue opportunities and reduce operational costs, following challenges in commercializing its initial products. This reduction impacted teams across the organization as the company aimed to extend its financial runway and refocus its research and development efforts.

Fintech startup Argyle laid off 20 employees in August 2022, representing 6.5% of its team, as part of a strategic shift to focus on enterprise clients rather than small and medium-sized businesses. The company, which provides employment record access, stated the move was necessary to align its workforce with the specific skill sets required for serving larger organizations. Despite the layoffs, Argyle planned to double its headcount by year-end, hiring for over 30 open positions. This restructuring occurred just five months after the company secured a $55 million Series B funding round, highlighting the competitive pressures in the fintech sector, where even well-funded startups must adapt quickly to market demands and evolving competitor landscapes like Plaid's entry into income verification.

Okta, a security technology company, laid off its entire US sourcing team in August 2022, affecting 24 employees, which represented about 0.4% of its global workforce. This move was part of a broader trend among tech companies, including Twitter and Apple, to reduce HR and talent acquisition roles amid economic uncertainty and hiring slowdowns. While Okta stated it continues to invest in high-growth areas and plans to increase overall headcount, the decision reflects a strategic shift as companies adjust to a looming recession by scaling back recruitment-focused positions.

ShipBob, a Bain Capital Ventures-backed e-commerce fulfillment startup, laid off 7% of its workforce on August 25, 2022, as the post-pandemic online shopping boom cools. The company, which operates fulfillment warehouses in the US, UK, and Europe and was valued at over $1 billion, cited a greater-than-expected downturn in e-commerce demand. Affected roles included recruiters, software engineers, and much of the quality assurance team. This move reflects broader challenges in the logistics and fulfillment sector, where companies like Stord and FarEye have also cut staff. Laid-off employees received severance packages, including 10 weeks of pay and COBRA coverage, as ShipBob adjusts to a shrinking market after rapid expansion.

FreshDirect laid off 40 employees on 2022-08-25.

Pix, a company in the technology industry, has recently conducted layoffs, though the specific number of employees affected, total workforce size, and exact percentage were not disclosed in the available information. The layoffs occurred in early 2024, with the company citing strategic restructuring and a focus on core business priorities as the primary reasons. As a mid-sized tech firm, Pix is adjusting its operations to align with market demands and optimize resources for future growth.

Israeli-founded real estate and fintech platform Reali is shutting down operations as of September 9, 2022, resulting in layoffs for its entire workforce of approximately 140 employees. This represents 100% of its staff. The company, which had raised a total of $140 million in funding, including a $100 million Series B round just a year prior, is ceasing operations amid broader tech sector challenges. Founded in 2015, Reali offered a platform to streamline home buying and selling transactions.

Loop laid off 15 employees representing approximately 20% of its workforce on 2022-08-24.

DataRobot representing approximately 26% of its workforce on 2022-08-23.

Packable, the parent company of top Amazon seller Pharmapacks, is ceasing operations and laying off all its employees after failing to secure new financing. The company announced it is laying off 138 employees initially, about 20% of its staff, with the remaining 372 employees to be terminated as the business winds down. This decision follows a collapsed plan to go public via a SPAC merger last year, which valued the company at $1.55 billion. Once the largest seller on Amazon's U.S. marketplace, Packable operated in the e-commerce and health/beauty retail industry, relying heavily on Amazon for sales. The company's closure highlights the challenges faced by online retailers in a shifting economic and financial environment.

Israeli cybersecurity company Tufin laid off 55 employees, representing 10% of its workforce, in August 2022. The layoffs, which included 25 staff in Israel, were part of a streamlining effort aimed at accelerating the company's return to profitability. This restructuring occurred following Tufin's agreement to be acquired by U.S. investment firm Turn/River Capital for $570 million. The company, which provides cybersecurity policy management and automation solutions, reported growing revenue but continued losses prior to the cuts, indicating a strategic shift to improve financial performance under new ownership.

Amperity laid off 13 employees representing approximately 3% of its workforce on 2022-08-20.

In August 2022, fintech giant Stripe laid off between 45 and 55 employees from TaxJar, a tax compliance startup it acquired in April 2021. The layoffs, conducted over the prior month, were part of Stripe's decision to wind down TaxJar-focused go-to-market efforts. This workforce reduction impacted a significant portion of the approximately 200 employees who joined Stripe from TaxJar, representing a cut of over 20% from that acquired team. The move occurred amid a broader tech downturn and followed a 28% internal valuation cut for Stripe in July, though the company, valued at $95 billion by investors, remains a major player in the financial technology industry.

New Relic laid off 110 employees representing approximately 5% of its workforce on 2022-08-18.

In August, digital-health startup Wheel, valued at over $1 billion, laid off 35 employees, representing 17% of its workforce. The Austin-based company, which provides virtual-care infrastructure and clinician networks, made the cuts on August 18 as part of a strategic shift to prioritize building its own integrated platform over a marketplace of solutions. CEO Michelle Davey cited the need to focus on quality and adapt to uncertain economic conditions, noting that the move aligns with long-term goals to enhance the clinician and patient experience. This reflects a broader trend of belt-tightening across the digital health sector amid market volatility.

Petal, a New York-based fintech startup, has not announced any layoffs. The article from May 2023 details the company raising $35 million in funding and spinning off its data unit. Petal, which offers Visa credit cards aimed at consumers with thin or no credit history, reported growing demand, adding 100,000 cardholders in the previous year and projecting profitability for 2024. The company, with a model similar to TomoCredit, uses cash flow underwriting to assess creditworthiness. Despite a challenging economic environment, Petal claimed improving delinquency rates and significant revenue growth, reaching $80 million in annualized revenue by the end of 2022.

In August 2022, cybersecurity company Malwarebytes laid off 125 employees, representing approximately 14% of its global workforce. The layoffs were part of a strategic reorganization aimed at refocusing the business on small to mid-sized business (SMB) and midmarket customer segments. According to founder Marcin Kleczynski, this shift involved revisiting the enterprise sales function and recalibrating the sales organization to prioritize channel partnerships and managed service providers. The company, which had raised $80 million in funding and was valued at $625 million, communicated the layoffs via individual Zoom meetings, with most cuts occurring in the San Francisco area.

Tempo Automation laid off 54 employees on 2022-08-17.

Genesis laid off 52 employees representing approximately 20% of its workforce on 2022-08-17.

Updater, a leading moving technology company, implemented a team restructuring on August 16, 2022, resulting in layoffs. While the exact number of employees affected was not disclosed, the move was part of a strategic shift to narrow the company's focus to high-value partnerships and new opportunities, minimize costs, and implement a shared services model across its portfolio. Some employees were transitioned to an aggressive hiring initiative at its subsidiary, MoveHQ. The layoffs were described as targeted, based on structural adjustments to reduce duplication and meet future business goals, with the company offering severance and job placement support to those departing.

Edmodo, a popular K-12 education technology platform, is permanently shutting down as of late August 2022, effectively laying off its entire workforce. The company, which had tens of millions of users and was acquired by China-based NetDragon Websoft in 2018, cited an inability to maintain a viable service level. Founded in 2008, Edmodo was a global tool recommended by UNESCO during the pandemic, but it struggled as a standalone free service. The closure raises significant data privacy concerns, though the company has committed to destroying user data. This marks the end of a once-prominent competitor to platforms like Google Classroom.

Sema4 laid off 250 employees representing approximately 13% of its workforce on 2022-08-15.

Blend, a California-based mortgage technology company, is laying off approximately 420 employees, representing 25% of its workforce, in two rounds during 2022 (200 in April and 220 in August). This drastic cost-cutting measure comes in response to a severe market downturn and a massive $478.4 million loss in Q2 2022, partly due to a $392 million impairment charge related to its Title365 acquisition. Facing historically low mortgage origination volumes expected to persist through 2025, the company is restructuring to focus on higher-return products and achieve significant annual savings. The layoffs are part of a broader strategy to streamline operations, including vendor contract reviews and offshoring, as the mortgage industry navigates a challenging economic environment.

ContraFect, a biotechnology company focused on infectious diseases, has implemented a workforce reduction following a significant setback in its clinical trial. The layoffs, announced on August 15, 2022, come as the company restructures its operations after its lead candidate, exebacase, failed to meet the primary endpoint in a Phase 3 study for Staphylococcus aureus bacteremia. While the exact number of employees affected was not disclosed, the cuts represent a strategic downsizing to preserve capital and extend the company's financial runway. This move is a common response in the volatile biotech industry when key clinical trials do not yield the desired results, forcing companies to re-evaluate their pipelines and operational scale.

ThredUp, an online resale apparel retailer, laid off 15% of its corporate workforce in August 2022 as part of cost-cutting measures amid widening quarterly losses. While the exact number of affected employees was not disclosed, the move came as the company anticipated a challenging economic environment with consumers reducing spending, particularly among discount-oriented shoppers. Despite reporting a 27% revenue increase to $76.4 million in Q2 2022 and growth in active buyers, ThredUp faced a contracting gross margin and a net loss that nearly doubled to $28.4 million. The layoffs were accompanied by the closure of a processing center, reflecting efforts to streamline operations while continuing to expand its resale-as-a-service platform for partner brands.

Almanac, a company in the technology sector focused on productivity and collaboration tools, laid off approximately 30% of its workforce this week. While the exact number of affected employees and total staff size were not specified, the reduction represents a significant downsizing. The layoffs were announced via a LinkedIn post, where a former colleague praised the talent of those impacted and encouraged hiring outreach. This move reflects broader challenges in the tech industry, where companies are restructuring to adapt to economic pressures and optimize operations.

Orbit, a community management platform, conducted layoffs yesterday, with CEO Patrick Woods announcing the departure of an unspecified number of teammates. The post expressed sadness and highlighted the talent of those affected, actively encouraging other companies to hire them by sharing a list of impacted individuals who opted in. While the exact scale of the layoff and the company's total employee count are not detailed in the post, the context suggests a difficult restructuring decision within the tech industry, aimed at helping the displaced professionals find new opportunities swiftly.

Core Scientific representing approximately 10% of its workforce on 2022-08-12.

Peloton, the connected fitness equipment maker, announced on Friday that it is cutting approximately 780 jobs as part of a major restructuring effort to reduce costs and achieve profitability. This layoff affects a portion of its workforce, though the exact percentage relative to total employees isn't specified in the article. The company is also closing a significant number of its 86 retail stores, exiting last-mile logistics by shutting warehouses, and shifting delivery and support roles to third-party providers. These sweeping changes, led by CEO Barry McCarthy, come as Peloton adjusts from its pandemic boom to slowing demand, aiming to eliminate fixed costs and leverage its customer base. Additionally, Peloton is raising prices on some equipment, like the Bike+ and Tread, while investors reacted positively, sending shares up 13.6%.

In August 2022, digital health unicorn Truepill conducted its third round of layoffs that year, cutting approximately 175 employees, which represented about one-third of its workforce. The company, valued at $1.6 billion, refocused on its core pharmacy operations after expanding into diagnostics and telehealth services. This restructuring followed regulatory scrutiny in the digital health sector and a need to secure further funding, marking a shift from its rapid growth during the COVID-19 pandemic.

In early August 2022, supply chain visibility startup FourKites laid off approximately 60 employees, representing nearly 8% of its workforce. The layoffs were part of a strategic consolidation following several acquisitions, including the sunsetting of its unprofitable ocean shipping platform, Haven. The company, which serves major clients like Coca-Cola and Walmart, simultaneously secured a $30 million investment, part of a larger funding round, highlighting a period of restructuring to integrate acquired technologies into a single global platform.

Calm laid off 90 employees representing approximately 20% of its workforce on 2022-08-11.

Vedanta Biosciences representing approximately 20% of its workforce on 2022-08-10.

Homeward, a real estate technology company offering a "buy before you sell" service, has laid off approximately 20% of its workforce. CEO Tim Heyl announced the cuts in a letter to employees, citing a sudden and more severe market shift than expected. Despite reporting strong performance in May and the second quarter, the company found itself overstaffed for the current forecasted growth. Heyl attributed the decision to significant market headwinds, including inflation, sustained high home prices, and rising mortgage rates, which have reduced revenue from its core cash-buying product. The layoffs occurred as Homeward aims to adapt to a potentially prolonged softer real estate market. Affected employees are receiving severance based on tenure, extended health benefits, outplacement support, and waived non-compete clauses. The company reaffirmed its commitment to improving the homebuying experience despite the restructuring.

In August 2022, VC-backed aperitif startup Haus announced it was shutting down and putting its assets up for sale after its Series A funding round collapsed. The company, which had raised $17 million and achieved over $10 million in revenue, faced insurmountable challenges in securing further venture capital, largely due to "vice clauses" that deter many investors from backing alcohol brands. Additional pressures from the pandemic—including supply chain disruptions and the loss of in-person social marketing—hindered growth for its direct-to-consumer, low-ABV aperitif business. With traditional VC avenues closed, Haus turned to debt financing but ultimately could not sustain operations, leading to its closure and the layoff of its entire team.

GoHealth, a Chicago-based health insurance marketplace, laid off 800 employees on August 10, 2022, representing a significant reduction in its workforce. The company, operating in the insurtech industry, cited a challenging market environment and the need to streamline operations as reasons for the cuts. This move reflects broader adjustments within the technology and insurance sectors as companies adapt to economic pressures and shifting consumer demands.

Israeli video cloud platform Kaltura announced on August 9, 2022, that it is laying off 10% of its workforce as part of a cost-reduction and reorganization plan. Based on its reported 758 employees at the end of 2021, this reduction impacts approximately 76 people, with 30 of those layoffs occurring in Israel. The company, which provides video management systems and went public in 2021, cited a challenging macroeconomic outlook and the need to realign operations for greater efficiency and productivity. This move comes as Kaltura faces a significant stock price decline and a hostile takeover bid from rival Panopto, aiming to return to profitable growth.

Israeli fintech unicorn Melio laid off 60 employees, primarily from its U.S.-based sales and customer success teams, in August 2022. The company, which had raised $250 million at a $4 billion valuation the previous year, cited a strategic shift in product priorities as the reason for the workforce reduction. While parting with these team members, Melio emphasized its commitment to treating affected employees thoughtfully with severance and support, and stated it would continue hiring for its R&D teams to pursue new strategic opportunities.

Absci laid off 40 employees on 2022-08-09.

Berkeley Lights, a biotechnology company specializing in single-cell analysis, laid off approximately 20% of its workforce in early 2024 as part of a restructuring effort following its acquisition by Bruker. The layoffs, which affected around 80 employees, were implemented to streamline operations and integrate the company into Bruker's Cellular Analysis division. This move reflects broader consolidation trends in the life sciences tools industry, where companies are optimizing their structures post-acquisition to enhance focus and reduce redundancies. Berkeley Lights, known for its Beacon platform, continues to operate within Bruker, aiming to advance its technology for therapeutic discovery and development.