Layoffs in United States

FullStory representing approximately 12% of its workforce on 2022-09-13.

Karbon, a company providing practice management software for accounting firms, has conducted a layoff affecting approximately one in four employees, as indicated in a LinkedIn post by CEO Stuart McLeod. The reduction is part of a strategic shift to support customers, product vision, and growth amid current economic uncertainty. While the exact number of employees laid off and the total workforce size were not specified, the post emphasized support for the impacted team members and mentioned creating a list of available talent for other employers. The announcement was made in 2021, reflecting challenges in the tech industry during a period of economic unrest.

Rent the Runway representing approximately 24% of its workforce on 2022-09-12.

Based on the provided article content, there is no mention of any layoff event at Sama. The content is promotional and focuses on the company's B Corp recertification, its 2024 impact report, its services in AI data annotation, and various blog resources. Therefore, a summary describing a layoff cannot be generated from this material.

Mode Analytics, a business intelligence and data analytics platform, has conducted a layoff affecting an unspecified number of its employees. The exact scale of the reduction, including the total workforce, percentage impacted, and precise date, was not detailed in the available report. The layoffs occur within the competitive data analytics and SaaS industry, where companies often adjust headcount to optimize operations and focus resources. As a venture-backed startup, Mode is navigating market pressures to streamline its business and achieve sustainable growth.

CommonBond, a fintech company specializing in student loans and solar financing, is winding down its operations after a decade, resulting in layoffs for its entire workforce. The company, which had grown to serve over 1 million users and employed hundreds, faced insurmountable challenges following the COVID-19 pandemic. The federal pause on student loan payments severely impacted its core student refinance business, leading to its exit from that sector earlier this year. While its newer solar financing division showed strong growth, CommonBond was still scaling and not yet profitable, requiring new capital that ultimately could not be secured. This inability to pivot the business quickly enough led to the decision to wind down, marking the end for the company once recognized among Fast Company's 50 Most Innovative Companies in 2018.

DreamBox Learning on 2022-09-09.

In the summer of 2022, cannabis technology startup Flowhub laid off approximately 15% of its workforce, affecting about a dozen employees, primarily in operations, sales, partnerships, and customer service. The cuts, which took place in June and early July, were driven by a slowdown in legal cannabis sales in key markets like Colorado and California, increased competition, and a challenging fundraising environment for tech startups. Flowhub, founded in 2015 and backed by investors including Jay-Z, provides inventory tracking and sales processing services for cannabis retailers. The company cited restructuring due to its new product direction and macroeconomic conditions as reasons for the layoffs, aiming to ensure long-term market leadership. This move reflects broader struggles in the cannabis industry, where multiple firms have recently reduced staff amid declining venture capital investment.

In September 2022, Patreon, a membership platform for content creators, laid off its entire security team, confirming five employees were let go. The company did not disclose the total size of the security team prior to the layoffs or the specific reasons behind the decision, though it noted it works with external organizations for security capabilities. This occurred amid broader tech industry layoffs in 2022, attributed partly to over-hiring. Founded in 2013, Patreon reported having 250,000 creators on its platform. The layoffs drew attention from the security community, which responded by sharing job opportunities for the affected professionals.

Genome Medical laid off 23 employees on 2022-09-08.

Pharmacy startup Medly is cutting nearly half its workforce, laying off around 200 employees as part of a restructuring effort. The company, which operates in the health care and technology industry, had grown rapidly but is now scaling back to streamline operations and focus on profitability. This significant reduction, announced in September 2022, reflects broader challenges in the startup sector amid shifting market conditions.

Intercom laid off 49 employees representing approximately 5% of its workforce on 2022-09-07.

Uber is closing its engineering office in Vilnius, Lithuania, impacting approximately 60 software engineers. The decision, announced on September 7, 2022, is due to a lack of local senior leadership and challenges in hiring managers at the site. The closure is scheduled for June 2023, giving employees nearly a year's notice. Uber is handling the transition considerately, with no immediate layoffs, offering relocation support to other offices, and ensuring performance reviews and bonuses are completed. The Vilnius office, which focused on infrastructure and developer tooling, will see its teams and projects, such as Devpods, transitioned or discontinued.

Pendo laid off 45 employees representing approximately 5% of its workforce on 2022-09-07.

Based on the provided content, there is no information about a layoff event at the company Medium. The text appears to be a generic sign-up or login interface snippet, likely from LinkedIn, and contains no details regarding layoffs, company size, industry, or any related news. Therefore, a summary of a layoff event cannot be generated from this material.

Brave Care laid off 40 employees representing approximately 33% of its workforce on 2022-09-06.

In September 2022, proptech firm Juniper Square laid off approximately 14% of its workforce, equating to about 66 employees based on its reported total of 469 staff. The San Francisco-based company, which provides software for commercial real estate investment management, cited changing macroeconomic trends as the reason for the cuts, which primarily targeted the sales organization and other ancillary functions. Despite the layoffs, Juniper Square emphasized its strong financial position and plans to continue hiring aggressively in customer service teams. The move reflects broader challenges in the proptech sector, where rising interest rates and reduced real estate transactions have dampened demand and made capital raising more difficult.

Healthtech unicorn Innovaccer, backed by Tiger Global and valued at $3.2 billion, laid off 90 employees on September 1, representing less than 8% of its workforce. The layoffs primarily affected the tech team, including managers and leads, and were attributed by the CEO to optimizing the cost structure amid current economic conditions. This move comes just nine months after the company doubled its valuation with a $150 million funding round. Impacted employees were offered a three-month severance package. The decision surprised many staff, as leadership had recently indicated strong performance.

Apartment List, a real estate technology company, made the difficult decision to lay off approximately 10% of its workforce. The announcement was made by company leadership, who expressed gratitude for the contributions of the impacted employees, referred to as "A-Listers." While the exact number of affected employees and the total company size were not specified, the layoffs were framed as a necessary organizational change. The company emphasized its confidence in its ongoing strategy and commitment to innovation within the rental industry, while also offering to connect affected talent with new opportunities.

GoodRx, a U.S.-based healthcare technology company known for its prescription discount platform, conducted a layoff affecting approximately 16% of its workforce in early 2023. This reduction, impacting around 140 employees, was part of a broader restructuring effort aimed at improving operational efficiency and reducing costs amid a challenging economic environment for the tech sector. The move reflects ongoing adjustments within the digital health industry as companies seek sustainable growth paths.

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.