Layoffs in United States

Venture capital firm NFX laid off four employees in September 2024, including one product leader and three engineers, as part of a rebalancing effort to shift resources from its software and product teams to its investing team. The firm plans to use AI to maintain output with fewer people and intends to hire more investors, potentially increasing the overall team size.

Zapata Computing representing approximately 100% of its workforce on 2024-10-07.

PubMatic, a publicly traded adtech company, laid off approximately a dozen employees last week, representing about 1% of its workforce of nearly 950. The move is part of a strategic shift to streamline operations and concentrate resources on high-growth areas like connected-TV advertising, supply path optimization, and commerce media. Despite the layoffs, the company plans to increase its overall headcount by around 15% this year, citing over 50 open positions. This restructuring follows recent financial challenges, including a revised revenue forecast after a key demand-side platform partner changed its bidding practices.

Eaze, a cannabis delivery platform, laid off approximately 30 employees in early 2024, representing around 10% of its workforce. The company cited a strategic restructuring aimed at improving operational efficiency and adapting to a challenging market environment. This move reflects broader pressures within the cannabis industry, where companies are navigating regulatory hurdles and shifting consumer demands. Eaze, which operates at a mid-sized scale, continues to focus on its core delivery services while streamlining its operations for future growth.

Alma representing approximately 9% of its workforce on 2024-10-02.

Tome laid off 12 employees representing approximately 31% of its workforce on 2024-10-02.

Flexport representing approximately 2% of its workforce on 2024-10-02.

Marin Software laid off 27 employees representing approximately 26% of its workforce on 2024-09-30.

In September 2024, enterprise security compliance unicorn Drata laid off 40 employees, representing 9% of its workforce. The San Diego-based company, which automates compliance for frameworks like SOC 2 and GDPR, cited a refinement of its organizational structure to enhance operational efficiency and drive sustainable growth. This move comes despite the company reporting 100% year-on-year revenue growth and rapid customer acquisition earlier in 2024, having also expanded its headcount significantly and made its first acquisitions. Backed by over $300 million in funding and valued at $2 billion, Drata indicated this strategic adjustment is part of its course toward a potential future IPO.

Fintech startup Moov, backed by Andreessen Horowitz, has laid off approximately 50 employees. The company, which has raised $77.5 million from top-tier investors, is likely optimizing its runway amid a challenging funding environment. This move reflects broader industry pressures where later-stage startups are reducing burn rates to extend their financial sustainability, as many approach the typical two-year mark since their last funding round. The layoffs underscore the volatility in the fintech and payments sectors, where market conditions and inflationary pressures are prompting tough operational decisions.

Epic Games announced on Tuesday, September 24, 2024, that it would cut more than 1,000 jobs as a result of declining engagement for its flagship title Fortnite and broader economic challenges. The layoffs are part of cost-cutting measures aimed at stabilizing the company, with CEO Tim Sweeney citing extreme market conditions and difficulties in delivering consistent content. This marks the second major round of layoffs for Epic Games in three years, following a previous cut of about 830 jobs in September 2023.

FreightWaves laid off 16 employees on 2024-09-24.

F5 on 2024-09-24.

Olo representing approximately 9% of its workforce on 2024-09-23.

Notable Labs representing approximately 65% of its workforce on 2024-09-20.

In September 2024, Etsy-owned musical instrument marketplace Reverb conducted a round of layoffs, eliminating a little over 40 roles. This followed previous cuts, bringing total headcount close to its level at the time of Etsy's 2019 acquisition. The layoffs, impacting departments like product design and marketing, occurred amidst activist investor pressure on Etsy to make its "House of Brands" strategy profitable. The departure of Chief Product Officer Bradford Shellhammer shortly after fueled speculation about Reverb's future, which was realized in April 2025 when Etsy announced the divestiture of Reverb to Servco Pacific Inc and Creator Partners LLC.

Luminar representing approximately 15% of its workforce on 2024-09-20.

Qualcomm, a chipmaker for smartphones, announced layoffs of 226 workers in San Diego, effective the week of November 12, as part of a normal course of business to prioritize investments and align resources for diversification opportunities. This follows layoffs of over 1,250 workers less than a year earlier.

IBM has initiated significant layoffs this week, reportedly affecting thousands of employees, particularly in its Cloud division, with efforts to keep the process discreet. While IBM has not disclosed exact figures, the company referenced a "workforce rebalancing" charge of $400 million in early 2024, which could translate to around 5,200 job cuts based on prior patterns. With approximately 288,000 global employees, this represents a low single-digit percentage reduction. The layoffs primarily target senior-level roles in programming, sales, and support, with many positions being relocated to India as part of cost-saving measures. This move aligns with IBM's ongoing strategy to shift jobs offshore and integrate AI, following earlier announcements of replacing thousands of roles with automation. The tech giant's actions reflect broader industry trends of restructuring amid economic pressures and technological advancements.

Amperity representing approximately 13% of its workforce on 2024-09-12.

Microsoft laid off 650 employees from its gaming division on September 12, 2024, as part of ongoing restructuring following its $69 billion acquisition of Activision Blizzard. Xbox chief Phil Spencer stated the cuts primarily affect corporate and support functions, aiming to align the business for long-term success. He clarified that no games, studios, or devices were canceled. This brings the total gaming workforce reductions since the acquisition to 2,550. The layoffs reflect broader consolidation in the video game industry, with Microsoft, a tech giant, streamlining operations to integrate the massive acquisition while supporting affected staff with severance and transition services.

Microsoft laid off 650 employees from its Xbox division.

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Nori representing approximately 100% of its workforce on 2024-09-09.

Center laid off 8 employees representing approximately 4% of its workforce on 2024-09-07.

Gwyneth Paltrow's lifestyle brand Goop is laying off 39 employees, representing 18% of its 216-person workforce, as reported in early September 2024. The company is undergoing a strategic refocus, shifting its efforts toward its core beauty, fashion, and food ventures—including Goop Beauty, Good Clean Goop, the G. Label clothing line, and Goop Kitchen restaurants. This pivot means moving away from previous categories like wellness, home, travel, and sexual wellness. The layoffs are part of an organizational restructuring as the brand, which began as a newsletter in 2008 and grew into a multifaceted media and e-commerce empire, continues to refine its business model in the competitive consumer goods and retail industry.

Motif FoodWorks, a Boston-based foodtech company in the alternative protein industry, is shutting down, resulting in layoffs for most of its employees, with only a skeleton crew remaining to wind down operations. The closure follows a challenging period marked by a costly intellectual property lawsuit with Impossible Foods, which disrupted commercial partnerships and progress despite the company having secured deals and purchase orders. Initially spun off from Ginkgo Bioworks in 2019, Motif raised $345 million, including a $226 million Series B in 2021, but struggled amid declining investor sentiment and retail sales in the alt-meat sector. The resolution of the lawsuit, with both parties covering their own costs, coincided with the shutdown announcement. As a high-profile startup that operated with a corporate mentality, Motif's downfall highlights the intense pressures in the foodtech space.

Lyft is laying off approximately 30 employees, representing about 1% of its workforce of nearly 3,000, as part of a restructuring effort to cut costs. The ride-sharing company announced this move in late 2024, alongside discontinuing its standalone dockless bikes and scooters in certain U.S. cities. This decision follows intense competition from rivals like Uber and a forecast of weak quarterly performance. The restructuring, which includes renaming the division to "Lyft Urban Solutions," aims to save costs and boost adjusted operating income by about $20 million annually by the end of 2025.

ChargePoint laid off 250 employees representing approximately 15% of its workforce on 2024-09-04.

ABL Space Systems conducted layoffs in late August 2024 following a pad fire that destroyed its second RS1 rocket in July, compounding a previous launch failure in January 2023. CEO Harry O'Hanley cited overexpansion after a $370 million Series B in 2021 and consecutive mission setbacks as reasons for the workforce reduction. While the exact number and percentage of employees affected were not disclosed, the company, which has raised over $460 million since 2017, is now refocusing on a leaner team to upgrade its rocket and ground systems amid a tighter funding environment in the space industry.

Brave, the web browser and search startup, has laid off 27 employees, which represents approximately 14% of its estimated workforce of 191. This round of job cuts, confirmed in late August 2024, follows a previous reduction of 9% in October 2023, which the company attributed to cost management in a challenging economic environment. While Brave has not specified the exact reasons for the latest layoffs, the company has been actively shifting its focus toward AI, launching its Leo AI assistant across platforms and introducing premium subscriptions. The tech industry has seen widespread restructuring, and these cuts may reflect ongoing efforts to balance innovation with financial sustainability amid the costs of developing new AI features.

Apple is conducting layoffs affecting around 100 employees in its digital services group, primarily impacting teams working on the Apple Books app and Apple News, indicating a shift away from investment in these areas.

Apple laid off 100 employees on 2024-08-27.

Tome Biosciences, a genetic medicines startup in the biotechnology industry, is laying off 131 employees, which represents essentially its entire workforce of about 130 people. The layoffs, announced via a regulatory notice in late August 2024, are a result of severe funding challenges. The company, which launched publicly in December 2023 with $213 million in funding, has been unable to secure a new financing round amid a tough investment climate for preclinical gene-editing firms. This has forced Tome to scale back operations drastically while it explores strategic options.

Velo3D, a 3D printing technology company, is laying off 42 employees at its Fremont, California location, with the cuts scheduled for October 8, 2024. This action is part of a broader wave of job reductions in the Bay Area's tech and biotech sectors, where several companies have recently announced hundreds of layoffs. While the exact percentage of Velo3D's workforce affected is not specified in the report, the layoffs are permanent and contribute to the ongoing trend of restructuring within the advanced manufacturing and tech industry, as companies navigate economic pressures and strategic shifts.

IBM laid off 1,000 employees on 2024-08-26.

Received representing approximately 100% of its workforce on 2024-08-23.

Redfin, the Seattle-based real estate brokerage, has laid off 82 employees this week, representing less than 2% of its workforce of approximately 4,700. The targeted cuts primarily affect the company's Concierge service, support staff, and sales managers, as Redfin continues to navigate a challenging housing market and shifts its business model. The company reported a net loss of nearly $28 million in the second quarter and is decentralizing its Concierge offering while transitioning more agents to a commission-based pay structure, reducing the need for managerial support. Some affected staff may be offered positions as agents.

Furniture resale platform Kaiyo is abruptly winding down operations as of August 2024, effectively shutting down the company and resulting in layoffs for its entire workforce. The closure has left many sellers without payment for their items, highlighting significant operational and financial challenges. Operating in the online retail and sustainable furniture industry, Kaiyo was a venture-backed startup that aimed to facilitate the buying and selling of pre-owned home furnishings. The sudden shutdown underscores the difficulties faced by direct-to-consumer brands in the competitive resale market.

Five9, a San Ramon, California-based provider of contact center software, is laying off approximately 7% of its workforce, affecting fewer than 200 employees. The company, which had 2,684 full-time employees as of December 31, announced the difficult decision in August 2024 as part of a broader effort to drive profitable growth and improve margins. This restructuring follows a reduction in the company's 2024 revenue guidance and aims to manage expenses, with expected severance and related costs between $12 million and $15 million. The move is seen as a strategic step to increase shareholder value while the company continues to focus on its channel partnerships and investments in AI-driven contact center solutions.

GoPro laid off 139 employees representing approximately 15% of its workforce on 2024-08-19.

Israeli proptech startup Localize, a sister company of Madlan, is shutting down its U.S. operations due to a severe crisis in the American real estate market. The closure, announced on August 19, 2024, results in layoffs for its entire U.S. team, though the exact number of affected employees is not specified. The company, which had raised about $70 million, cited a significant two-year decline in real estate transaction volumes, driven by high interest rates and regulatory changes, as the primary reason for the painful decision. While Localize's activities in the U.S. cease, Madlan's operations in Israel will continue unaffected.

Regrow Ag, an agricultural technology company, has laid off 19% of its workforce following a strategic restructuring to sharpen its focus on core business operations. The decision, announced by CEO Anastasia Volkova, was described as difficult but necessary to position the company for future growth in transforming the food system and enhancing agricultural resilience. While the exact number of affected employees was not specified, the layoffs reflect broader challenges in the AgTech sector. The company emphasized that the move was not performance-related and expressed gratitude for the contributions of departing team members, offering support for their transition.

Loop, a company in the e-commerce and customer retention industry, has undergone a strategic shift, leading to layoffs of an unspecified number of employees, referred to as "Loopers." This restructuring coincides with a leadership change, as CEO Jonathan Poma stepped down and transitioned to an Executive Director role, appointing Hannah Bravo as the new CEO. The layoffs and leadership transition are part of a broader realignment of company priorities and goals for the coming years. Loop serves over 4,000 merchants, indicating it operates at a significant scale within its sector. The announcement was made in a LinkedIn post by Poma, though the exact date of the layoffs and precise figures regarding the workforce reduction were not disclosed.

Formlabs, a leading hardware 3D printing company, has confirmed a "small number" of layoffs, affecting fewer than 40 employees out of a total workforce of just under 750. These staff reductions, amounting to roughly 5% of its employees, occurred in waves over the past two years, with the most recent taking place in the weeks leading up to August 2024. The company stated the layoffs were a difficult but necessary decision to part ways with colleagues in departments that were below efficiency goals or where roles were no longer aligned, even as it continues to hire in other areas and invest heavily in research and development. As an MIT spinoff and a stalwart in the additive manufacturing industry, Formlabs has navigated broader market challenges while expanding its technology portfolio and maintaining a focus on specialized applications like medical and dental products.

PacketFabric, a provider of Network as a Service solutions, recently implemented strategic changes to its team as part of an effort to enhance operational efficiency. While the company did not disclose the specific number of employees affected, these layoffs were a difficult decision aimed at optimizing operations to better serve customers. The company, which operates in the cloud networking and telecommunications industry, emphasized that it remains strong and resilient, continuing to focus on innovation and delivering high-value, scalable network connectivity services.

Sonos, the audio technology company, laid off approximately 100 employees on August 14, 2024, representing about 6 percent of its workforce. The cuts, which affected various departments including marketing, product engineering, and software quality, are part of a restructuring effort to prioritize investment in the company's product roadmap and ensure long-term success. This move comes despite CEO Patrick Spence's recent pledge to focus on resolving the ongoing app crisis, which has significantly impacted the brand's reputation. The layoffs follow a previous reduction of 7 percent in June 2023, reflecting ongoing challenges in the competitive consumer electronics industry.

Israeli healthtech startup DayTwo has permanently shut down, resulting in layoffs for its remaining few dozen employees. At its peak, the company, which specialized in personalized nutrition kits for diabetics, employed hundreds. The closure follows a significant downsizing about a year ago and comes after the company raised $85 million but ultimately failed to navigate market challenges. The shutdown was announced to staff in August 2024.

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Fintech company Tally, which was backed by Andreessen Horowitz and last valued at $855 million, is shutting down entirely after running out of cash, resulting in layoffs for its entire workforce of 183 employees. The closure was announced by the CEO on August 12, 2024, following an unsuccessful search for new funding. The nine-year-old San Francisco-based startup, which had raised $172 million, initially helped consumers manage credit card debt but had recently pivoted to a B2B model. This shutdown represents a 100% reduction in staff for the fintech industry firm, marking the end of its operations.