Layoffs in United States

Ready Robotics on 2024-08-09.

In September 2024, U.S. tech and networking giant Cisco conducted its second major layoff of the year, affecting thousands of employees. This followed an announcement in August that the company would reduce its global workforce by 7%, equating to approximately 5,600 employees, as part of a restructuring effort to invest in key growth areas and improve efficiency. This round came after an earlier layoff in February 2024 that cut about 4,000 jobs. The cuts impacted various units, including the Talos Security threat intelligence team. Notably, the layoffs were implemented despite Cisco reporting nearly $54 billion in annual revenue for 2024, which it described as its second strongest year on record. The company faced internal criticism for a month-long delay in notifying affected staff and for workplace culture concerns raised by employees.

iCIMS, a leading provider of talent acquisition software, conducted a layoff affecting approximately 8% of its workforce in early 2024. This reduction impacted around 100 employees out of a total of roughly 1,250, as part of a strategic restructuring to streamline operations and focus on core product development. The move reflects broader adjustments within the competitive HR technology industry, where companies are optimizing resources to enhance efficiency and maintain growth.

Fastly, a content delivery network company, has announced a restructuring plan that includes reducing its global full-time workforce by approximately 11%. While the exact number of employees affected was not specified, this layoff is part of an effort to streamline operations, with the company estimating related charges between $9.5 million and $10 million. The move reflects broader adjustments within the tech industry as companies aim to optimize costs and improve efficiency amid evolving market conditions.

Submittable laid off 40 employees on 2024-08-08.

Techstars is laying off 17% of its workforce, citing overbuilding and overhiring, with most cuts in engineering, support services, and sales/partnerships. The layoffs follow a 7% reduction in January and coincide with the end of its J.P. Morgan-backed AdvancingCities program, which is shutting down after the fund is deployed by year-end.

LegalZoom representing approximately 15% of its workforce on 2024-08-07.

Eventbrite laid off 100 employees representing approximately 11% of its workforce on 2024-08-07.

Teradata representing approximately 13% of its workforce on 2024-08-06.

Axios Media laid off 50 employees representing approximately 10% of its workforce on 2024-08-06.

Dell Technologies is conducting a significant workforce reduction as part of a reorganization of its sales and marketing teams, with reports indicating up to 12,500 employees, or approximately 10% of its global workforce, could be affected. The exact number remains unconfirmed, as the company has not provided specifics, but the move aims to streamline operations and prioritize investments, particularly in emerging areas like artificial intelligence services. This follows a series of layoffs over the past year, including 6,000 cuts in February 2023, as Dell faces challenges such as competitive pressures and shifting market demands impacting profitability. The tech industry continues to see workforce adjustments, with similar recent actions by companies like Intel.

On August 5, 2024, mobile game developer and publisher Jam City laid off approximately 85 employees, representing about 10% of its workforce. This reduction brings the company's total employee count down from around 1,400. CEO Josh Yguado cited that the anticipated industry recovery in 2024 did not meet expectations, with challenging conditions projected to persist until the latter half of 2025. This marks the studio's second major round of layoffs, following a 17% cut in 2022, despite the company being profitable. Jam City, known for titles like Disney Emoji Blitz and Harry Potter: Hogwarts Mystery, operates in the competitive mobile gaming industry.

Avaya, a prominent player in the unified communications and collaboration industry, laid off approximately 180 employees in late July 2024, representing about 3% of its workforce. The company framed this as a strategic restructuring rather than mass layoffs, aiming to reallocate resources toward new roles with differentiated skills. This move is part of a broader transformation to focus more on serving Global 1500 enterprises, requiring a shift in sales strategy and product offerings. The restructuring coincides with a leadership transition, as CEO Alan Masarek prepares to retire, with Patrick Dennis set to continue the company's existing vision. Analysts view these changes as necessary for Avaya to stay competitive and deliver on its strategic goals in the enterprise CX market.

Rad Power Bikes on 2024-08-01.

Intel laid off 15,000 employees representing approximately 15% of its workforce on 2024-08-01.

Bungie laid off 220 employees representing approximately 17% of its workforce on 2024-07-31.

In July 2024, dating app giant Match Group announced a workforce reduction of 6% as part of a strategic shift away from livestreaming services, a feature that had gained popularity during the COVID-19 pandemic. The layoffs coincided with the discontinuation of livestreaming on its apps Plenty of Fish and BLK, as well as the shutdown of the Hakuna app acquired from Hyperconnect. The company cited changing user behavior in the post-pandemic world, with people returning to in-person dating, making the feature less viable. Match Group is now refocusing its efforts on other areas, including generative AI, to drive future growth in the competitive online dating industry.

Bungie is laying off 220 employees and moving others to PlayStation as part of a restructuring effort.

NerdWallet representing approximately 15% of its workforce on 2024-07-30.

Moxion Power, a California-based manufacturer of mobile battery energy storage systems, laid off approximately 50 employees in early 2024, representing about 12% of its workforce. The company, which operates in the clean energy and industrial technology sector, cited a strategic restructuring to extend its financial runway and focus on key commercial and manufacturing priorities amid broader market challenges. This reduction follows significant prior growth and investment in the company.

Webflow, a web design and development platform, has announced a restructuring that includes laying off approximately 8% of its workforce. While the exact number of affected employees wasn't specified, the company stated the decision is aimed at sharpening focus and accelerating growth for its next phase. The layoffs were communicated by CEO Linda Tong, who emphasized that the company's business and financials remain strong. This move reflects a broader trend of tech companies streamlining operations to adapt to market demands and prioritize strategic initiatives.

Humble Games laid off 36 employees representing approximately 100% of its workforce on 2024-07-23.

Japanese online marketplace Mercari has laid off nearly half of its U.S. workforce, a significant reduction driven by sustained losses and intense competition from low-cost Chinese rivals like Temu. The U.S. subsidiary of the retail platform has been unprofitable since late 2021, with inflation-weary American consumers cutting back on discretionary hobby spending that Mercari's marketplace often serves. This restructuring, reported in July 2024, highlights the pressures on niche e-commerce players in a fiercely competitive global industry dominated by larger-scale discount platforms.

Magic Leap laid off 75 employees on 2024-07-19.

Aqua Security, a cybersecurity unicorn specializing in cloud-native application protection, has laid off approximately 50 employees, constituting 10% of its 500-person workforce. The layoffs, announced in July 2024, are part of an organizational streamlining effort to focus resources on core customer needs amid the current macroeconomic climate. While the company experienced 30% growth the previous year and recently secured $60 million at a $1 billion valuation, this restructuring aims to ensure sustainable growth. Most affected employees are based outside of Israel, though the cuts proportionally impacted its global operations, including teams in Israel. This marks the second round of layoffs for Aqua since late 2022.

Lex, a queer community social network, laid off most of its staff in June 2024. The startup, which had a full-time team of about eight employees, underwent a pivot from a dating app to a community-focused platform in 2023. Having raised $7 million in total funding, Lex is exploring monetization through premium features and ads while navigating an uncertain path forward. The company remains operational and is seeking partnerships to sustain and grow its platform, which serves around 1 million users in the LGBTQ+ community.

Kaspersky on 2024-07-16.

ON laid off 60 employees representing approximately 100% of its workforce on 2024-07-16.

Salesforce laid off 300 employees on 2024-07-15.

Real estate marketing and technology company MoxiWorks has conducted layoffs, affecting multiple employees including a former director and a software engineer, as confirmed by their LinkedIn posts in July 2024. The cuts come just a month after the appointment of a new CEO with an AI startup background, signaling a strategic shift. While the exact number of employees laid off and the percentage are not disclosed, the company is a significant player in the proptech industry, serving over 800 brokerages and 400,000 agents nationwide. The layoffs appear to be part of broader organizational changes following the leadership transition.

CyberProof, a cloud security solutions provider and subsidiary of India's UST, is laying off approximately 7.5% of its global workforce, affecting about 20 employees in Israel out of its local team of 85. The company employs 650 people worldwide. The layoffs, reported in July 2024, primarily impact cloud and IT infrastructure managers in Israel, with their roles being relocated to the company's offices in India as part of global cutbacks. Cyber experts at the company are not affected. The move reflects broader adjustments within the cybersecurity industry, where companies are restructuring to optimize operations and manage costs.

Redbox laid off 1,000 employees representing approximately 100% of its workforce on 2024-07-10.

Intuit laid off 1,800 employees representing approximately 10% of its workforce on 2024-07-10.

UiPath, a leading automation software company, is laying off approximately 420 employees, representing 10% of its workforce, as part of a major restructuring announced in June 2024. This move follows a significant slowdown in revenue growth post-IPO and a recent reduction in annual revenue guidance. The layoffs, primarily affecting operational and corporate functions, aim to streamline the organization and refocus investments on AI and platform innovation. This is the third round of job cuts since 2022 for the enterprise-scale tech firm, which has also seen recent executive turnover, including the return of co-founder Daniel Dines as CEO.

CNN announces more layoffs as it prepares for a future beyond cable TV, indicating restructuring efforts to adapt to changing media landscapes.

Microsoft on 2024-07-03.

Upside Foods, a cultivated meat startup, has laid off 26 employees as part of a restructuring to reduce top-heavy leadership and narrow its focus toward product launches within the next two years. This follows earlier cuts affecting 16 staff in February, when the company paused plans for a large production plant in Illinois. The layoffs come amid industry-wide challenges, including legislative bans in states like Florida and Alabama, regulatory hurdles, and a downturn in venture capital funding. Upside, one of only two U.S. firms approved to sell cultivated meat, is shifting its scaling efforts from whole-cut chicken to suspension-based products like nuggets and patés. The company, which began selling its chicken in San Francisco in July 2023, aims to preserve resources and achieve critical commercialization milestones despite macroeconomic and political uncertainties.

Priceline laid off 103 employees representing approximately 7% of its workforce on 2024-06-28.

RealPage, a real estate technology company based in Richardson, Texas, is laying off approximately 4% of its workforce, impacting at least 260 employees. The company, which employs over 6,500 people globally, announced the cuts in late June 2024 as part of a plan to refocus on innovation and accelerate business growth. This decision comes during a challenging period for RealPage, as it faces a major class-action lawsuit alleging its revenue management software was used to artificially inflate multifamily rents. While the company attributes the layoffs to strategic restructuring, the timing coincides with its ongoing legal battles over price-fixing allegations in the multifamily housing industry.

Moxion Power, a California-based manufacturer of mobile battery energy storage systems, laid off approximately 50 employees in early 2024, representing about 20% of its workforce. The layoffs, part of a broader restructuring, were driven by challenging market conditions and a need to streamline operations to extend the company's financial runway. Operating in the clean energy and manufacturing industry, Moxion Power, which had raised significant venture capital, is scaling back its growth ambitions to focus on core projects and achieve profitability in a competitive sector.

Earth observation company Planet announced on June 26, 2024, that it is laying off approximately 180 employees, representing 17% of its workforce, as part of a cost-reduction effort to improve operational efficiency and focus on long-term growth and profitability. This marks the second major workforce reduction in less than a year, following a layoff of 117 employees in July 2023. Despite reporting record quarterly revenue of $60.4 million in its fiscal first quarter, the company continues to face net losses, prompting strategic realignment toward higher-return opportunities. Planet, which operates in the aerospace and Earth imaging industry, is concurrently advancing its mission with the planned launch of its first hyperspectral satellite, Tanager-1, in July 2024.

Ginkgo Bioworks, a synthetic biology company, laid off approximately 158 employees, representing about 13% of its workforce, in early 2024. The restructuring aimed to streamline operations and reduce costs amid broader economic pressures in the biotech industry. As a publicly traded firm, Ginkgo continues to focus on its core platforms while adjusting to market conditions.

Ginkgo Bioworks, a Boston-based synthetic biology company, is laying off at least 35% of its workforce, affecting approximately 400 employees out of around 1,200 total. This significant reduction, announced in an SEC filing in May 2024, comes as a direct response to a severe 53% year-over-year revenue drop in the first quarter and lowered annual projections. The life sciences firm, which grew rapidly during the pandemic, is taking decisive cost-cutting measures, including consolidating operations and reducing its real estate footprint. CEO Jason Kelly acknowledged the difficulty of the layoffs, stating the company remains well-capitalized but needed to adjust its labor costs by at least 25% to navigate the current financial challenges.

C2FO laid off 16 employees on 2024-06-18.

Fisker representing approximately 100% of its workforce on 2024-06-18.

Wex laid off 375 employees representing approximately 5% of its workforce on 2024-06-18.

Unit representing approximately 15% of its workforce on 2024-06-17.

Chegg laid off 441 employees representing approximately 23% of its workforce on 2024-06-17.

Stackpath representing approximately 100% of its workforce on 2024-06-17.

LOOP laid off 23 employees representing approximately 77% of its workforce on 2024-06-16.