Layoffs in United States

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.

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.