Layoffs in United States

Bestow laid off 41 employees representing approximately 14% of its workforce on 2022-06-24.

Sunday laid off 90 employees representing approximately 23% of its workforce on 2022-06-24.

Give Legacy on 2022-06-24.

Ethos Life laid off 40 employees representing approximately 12% of its workforce on 2022-06-24.

In June 2022, text message marketing startup Voyage SMS laid off eight employees, representing over 10% of its roughly 60-person workforce. The cuts included the chief operating officer and affected the full-time sales department and some contractors. CEO Rev Reddy cited the challenging macroeconomic climate and a shift in strategy toward growth efficiency as key reasons. The Santa Monica-based company, which had recently raised $10 million and acquired a rival, faced indirect pressure as consumer discretionary spending on ecommerce declined amid rising inflation, impacting its business integrated with platforms like Shopify.

Israeli-US startup Pipl, a fake profile detection platform, laid off 22 employees on June 23, 2022, affecting operations, sales, maintenance, and customer service roles. This represents about 13% of its workforce of 160-170 employees. The layoffs are part of a strategic shift toward full automation of its product, which helps social networks like Twitter identify fake profiles. Concurrently, Pipl is hiring 50 new employees in development, product, data, and automation fields to support this transition. The company, founded in 2005 and profitable with $19 million in funding, expects sales to remain stable or even increase following the launch of its automated ranking product.

Orchard, a real estate technology company, laid off 10% of its workforce due to mounting economic uncertainty and a challenging market climate. The decision, announced in a LinkedIn post, was described as one of the hardest the business has made, aimed at ensuring the company has sufficient runway to continue its mission. While the exact number of employees affected wasn't specified beyond the 10% figure, the company expressed deep gratitude for their contributions and committed to supporting them, including by sharing a list of impacted employees open to new opportunities.

Esper representing approximately 12% of its workforce on 2022-06-23.

Netflix is laying off approximately 300 employees, representing about 3% of its workforce, as confirmed in June 2022. This follows an earlier round of 150 layoffs a month prior, both driven by the company's first subscriber loss in a decade and a strategic shift to align costs with slower revenue growth. The streaming giant, part of the technology and entertainment industry, had warned investors it would moderate spending growth while still investing heavily in content. These cuts reflect broader adjustments as Netflix explores ad-supported tiers and addresses password sharing to reignite subscriber growth amid challenging market conditions.

In June 2022, healthcare unicorn Ro laid off 18% of its workforce to manage expenses and align resources with its strategy, despite having raised $150 million at a $7 billion valuation months earlier. The cuts, which notably affected much of the recruiting team, were announced abruptly via Zoom, with impacted employees receiving two months of severance and healthcare benefits. This move followed executive departures and internal tensions, as the company struggled to generate significant revenue from newer products beyond its established ED line. Ro had been preparing for a potential downturn by narrowing its focus and securing additional capital solely from existing investors.

Aura laid off 70 employees representing approximately 9% of its workforce on 2022-06-23.

Mark43, a New York-based public safety software startup valued over $1 billion, laid off approximately 100 employees in late June 2022. The cuts affected various roles, including sales, community operations, and program management, as the company restructured. Mark43, which provides cloud-based records and dispatch systems to police departments globally, had raised $101 million in a funding round the previous year. The layoffs, while unexpected for staff, were part of broader adjustments within the tech industry, impacting a significant portion of its workforce at the time.

Balto laid off 30 employees on 2022-06-22.

IronNet, a cybersecurity company founded by former NSA director Keith Alexander, is laying off approximately 90 employees, which represents 35 percent of its workforce of 250. This significant reduction follows a previous 17 percent layoff in June and comes as the company raises a "going concern" warning, stating it may not have sufficient cash to support operations for the next year. The layoffs, announced in late 2022, are part of a restructuring effort to cut costs amid mounting net losses, which reached $28.4 million in the second quarter. The firm, which went public in 2021 with a $1.2 billion valuation, is also replacing its CFO and eliminating one of its co-CEO positions as it faces severe financial challenges and a plummeting stock price.

Sprinklr, a publicly traded customer experience software company in the martech industry, laid off at least 50 employees from its global marketing department in late June. This restructuring, which occurred under the leadership of its new CMO, Arun Pattabhiraman, is part of a broader effort to drive more efficient and profitable growth. The cuts, representing a small fraction of its workforce of over 4,000, reflect ongoing challenges in the tech sector, where companies are adjusting to economic pressures like slowing growth and rising costs. Despite recently reporting a 31% year-over-year revenue increase, Sprinklr joins numerous other tech firms in streamlining operations to navigate the current market environment.

On June 22, 2022, the online education platform MasterClass laid off approximately 120 employees, representing 20% of its then 600-person workforce. CEO David Rogier cited the need to adapt to a worsening macroeconomic environment and accelerate the company's path to financial self-sustainability. The layoffs affected staff across all teams, though no C-suite executives were included. The startup, which gained popularity during the pandemic for its celebrity-taught video classes, offered a severance package including 11 weeks of base pay, extended healthcare, and career support.

In June 2022, amid widespread startup layoffs and an industry-wide struggle for profitability, the micromobility company Superpedestrian reduced its global workforce by 7%, laying off 35 employees. This move was part of a company-wide effort to cut costs and accelerate its path to profitability, reflecting the challenging environment for growth capital at the time. Superpedestrian, which operates shared scooter fleets, emphasized its continued commitment to serving its cities despite the staff reduction.

Community, a creator economy startup that enables influencers and brands to text their fans directly, laid off approximately 40 employees earlier this month amid a broader economic downturn. The company, which has raised $90 million in venture funding and serves notable clients like Paul McCartney and Addison Rae, made these cuts as part of industry-wide challenges affecting tech and media firms. While the exact percentage of its workforce impacted isn't specified, the layoffs reflect tightening conditions in the startup sector, following similar moves by companies like Cameo and Jellysmack. Community differentiates itself by offering SMS-based marketing tools that bypass social media algorithms, but it now faces headwinds like many others in the creator economy space.

In June 2022, code intelligence platform Sourcegraph conducted a downsizing, laying off 8% of its team. The layoffs were executed with transparency and care, described as the complete opposite approach to secretive layoffs seen at other tech firms like Tesla. While the exact number of employees affected wasn't specified, the move was part of a broader trend of adjustments within the tech industry during a period of market uncertainty. The company, a high-growth startup in the developer tools sector, handled the process in a way that industry observers suggested could serve as a model for other companies.

SummerBio laid off 101 employees representing approximately 100% of its workforce on 2022-06-20.

Sports media startup Buzzer laid off approximately 20% of its staff in June 2022, affecting seven full-time employees along with six contractors and part-timers. The company, which had recently grown to about 65 employees, cited the need to be disciplined with resources amid wider economic uncertainty and to focus on key partnerships and product development. Founded in 2021 and backed by notable investors and athletes, Buzzer offers notifications and micro-transactions for live sports moments. Concurrently, the company was raising at least $20 million in new capital, indicating a strategic shift to streamline operations and prioritize its core sports media platform.

Finite State laid off 16 employees representing approximately 20% of its workforce on 2022-06-17.

Socure laid off 69 employees representing approximately 13% of its workforce on 2022-06-17.

Tesla layoffs reportedly affect hourly workers, too, as reported in the article.

In June 2022, online rental platform Zumper laid off approximately 45 employees, representing 15% of its roughly 300-person workforce. The San Francisco-based startup, operating in the proptech industry, made the cuts primarily in sales, customer service, and art departments, citing budget constraints amid broader economic challenges. The layoffs occurred as rising interest rates and inflation dampened venture capital investment, affecting numerous tech and real estate firms. Despite being a privately held company in the resilient residential rental segment, Zumper joined the wave of tech layoffs as market conditions forced a strategic pullback in spending.

In June 2022, on-demand grocery delivery startup JOKR announced its exit from the U.S. market, ceasing operations in New York and Boston to concentrate on Latin America. This strategic shift resulted in layoffs affecting approximately 50 employees from its 950-person office staff, representing about 5% of its workforce. The company stated that the U.S. market had only contributed around 5% of its business, deeming it a differently structured opportunity compared to the vast potential in Latin America's $1.2 trillion retail market. JOKR, which had achieved unicorn status with a $1.2 billion valuation, decided to reallocate investments to expand its footprint and service offerings in Latin America, where online grocery penetration was still below 10%. The closure involved nine micro-fulfillment centers in the U.S. out of its global network of roughly 200.

Circulo Health representing approximately 50% of its workforce on 2022-06-16.

Weee!, the SoftBank-backed online grocer specializing in Asian and Hispanic foods, laid off approximately 150 employees in late June 2022, representing about 10% of its workforce. The cuts primarily targeted corporate roles, including nearly the entire marketing team, and coincided with the departure of several top executives, including the CFO. CEO Larry Liu framed the move as a strategic reorganization to extend the company's financial runway by an additional year as it prepares for a potential IPO, rather than a direct reaction to economic pressures. Despite recently raising $425 million at a $4.1 billion valuation and doubling its revenue to $400 million the previous year, Weee! is navigating a broader slowdown in e-commerce and a tightening funding environment, mirroring retrenchments seen across the grocery delivery industry.

Notarize laid off 110 employees representing approximately 25% of its workforce on 2022-06-15.

Tonkean, an enterprise software startup, laid off 23 employees on June 15, 2022, representing approximately 23% of its workforce. Prior to the cuts, the company employed a total of 100 people, with 49 based in Israel and the remainder in the United States. The layoffs affected 11 employees in Israel and 12 in the U.S. This workforce reduction reflects broader challenges and restructuring efforts within the tech startup sector.

JetClosing representing approximately 100% of its workforce on 2022-06-15.

Cryptocurrency exchange Coinbase is laying off approximately 1,100 employees, which represents 18% of its full-time workforce of about 5,000. Announced via an employee email in June 2022, the drastic cuts are attributed to preparing for a potential recession and a looming "crypto winter," which could severely reduce trading activity. CEO Brian Armstrong stated the company grew too rapidly during the bull market, leading to unsustainable costs, and emphasized the need to manage its burn rate. This move follows a hiring pause and a significant decline in the company's stock price, reflecting broader turmoil in the crypto industry.

Redfin laid off 470 employees representing approximately 8% of its workforce on 2022-06-14.

TIFIN laid off 24 employees representing approximately 10% of its workforce on 2022-06-14.

Compass laid off 450 employees representing approximately 10% of its workforce on 2022-06-14.

Desktop Metal representing approximately 12% of its workforce on 2022-06-13.

Automox, a cybersecurity software company, conducted a layoff in 2023, parting ways with a number of talented employees. The company cited the challenging broader economic climate and macroeconomic environment as the reason, stating that while it remains a growing business in a strong financial position, it is not immune to these external pressures. The exact number of employees affected and the percentage of the workforce were not disclosed in the announcement. The post expressed appreciation for the contributions of those impacted and encouraged the professional community to help them find new opportunities.

Wave Sports and Entertainment, a Santa Monica-based sports media startup, laid off 56 employees in June 2022, representing about one-third of its staff and reducing its workforce to 110 people. The company cited worsening economic conditions and a need to focus on core areas like storytelling and league partnerships, with most cuts coming from supporting functions. This restructuring occurred just months after the company raised a $27 million Series B round in February, with backing from investors and star athletes. WSE produces digital sports content for platforms like Snap and TikTok, reaching over 115 million followers globally.

BlockFi, a cryptocurrency lending platform, announced on June 13, 2022, that it had secured a $400 million revolving credit facility and a potential acquisition option from FTX US, totaling up to $680 million. This move came in response to significant crypto market volatility, including the fallout from Celsius and Three Arrows Capital (3AC), which led to increased client withdrawals and approximately $80 million in losses for BlockFi from its exposure to 3AC. The company emphasized that these losses were absorbed internally without impacting client funds. The deal aims to bolster liquidity and protect client assets, reflecting BlockFi's commitment to maintaining stability amid industry turbulence.

Houston-based IT automation company Liongard has laid off an unspecified number of employees this week, a decision CEO Joe Alapat described as the most difficult he has made at the company. Citing a challenging market for technology companies and a strategic shift toward prioritizing profitability, the layoffs are part of organizational changes aimed at building a more resilient business. While the exact scale of the reduction is not disclosed, the move reflects broader industry pressures as the firm, which serves the MSP community, adjusts its plans based on market and investor feedback.

Keepe on 2022-06-10.

Albert laid off 20 employees representing approximately 8% of its workforce on 2022-06-10.

Stitch Fix, an online personal styling service, announced layoffs on Thursday, cutting 15% of its salaried workforce, which amounts to approximately 330 employees. This represents about 4% of the company's total workforce. The move is part of a cost-cutting effort to address challenges such as high inflation, reduced consumer demand, and rising expenses in supply chain, marketing, and labor. The company expects to save $40 million to $60 million in fiscal year 2023 from these cuts, while also forecasting a revenue decline of up to 15% for the fourth quarter. CEO Elizabeth Spaulding stated the decision aims to position Stitch Fix for profitable growth amid ongoing struggles to attract new users. The layoffs primarily affect corporate and styling leadership roles, reflecting broader trends in the tech and retail sectors as companies adjust to post-pandemic economic shifts.

Convoy laid off 90 employees representing approximately 7% of its workforce on 2022-06-09.

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Starship Technologies, a leader in autonomous delivery robots, announced on June 9, 2022, that it is reducing its workforce by 11% as part of internal changes to navigate the challenging global macroeconomic environment. The company is closing select service locations in the U.S. and Germany over the next two months, impacting staff both at those sites and the corporate level. This restructuring aims to focus on cost savings and improving profitability by concentrating on markets with a strong merchant mix and customer base that align with near-term financial goals. Despite recent funding of nearly $100 million earlier in the year, Starship, like many tech startups, is adapting to shifts in the economy and investment landscape to sustain its long-term success in the autonomous delivery industry.

The Grommet laid off 40 employees representing approximately 100% of its workforce on 2022-06-09.

Truepill, a digital health and pharmacy fulfillment platform, announced layoffs impacting approximately 15% of its workforce on June 8, 2022. The company's CEO cited a need to adapt to shifting market conditions and achieve long-term sustainable growth and profitability. While not disclosing exact figures, the reduction reflects a strategic shift toward greater financial discipline, despite the company's continued belief in its mission and platform value. The move underscores broader adjustments within the healthcare technology sector as companies navigate economic changes.

Sendoso, a SoftBank-backed marketing and corporate gifting startup, laid off approximately 100 employees on Monday, June 6, 2022, representing about 14% of its then 700-person workforce. The cuts affected staff across business units in the United States and Ireland. The company cited market volatility, global crises impacting the tech sector, and the need to adjust operations as reasons for the reduction. This move occurred amid a broader wave of tech industry downsizing, where falling valuations and tightening venture capital have forced many startups to cut costs. Sendoso had recently raised a $100 million Series C round led by SoftBank in September 2021 and was in the process of relocating its headquarters from San Francisco to Phoenix.

Dutchie laid off 50 employees representing approximately 7% of its workforce on 2022-06-06.