Waze Layoffs
September 2020
Waze announced a layoff affecting 30 employees (5% of its workforce) in September 2020. The company operates in the Transportation sector.
30
5%
Sep 9, 2020
About
Waze, the Google-owned navigation app, laid off 5 percent of its global workforce in September 2020, affecting approximately 30 employees out of a total of 555. The company also closed several offices in Asia-Pacific and Latin America as it refocused its business. The layoffs were primarily driven by the COVID-19 pandemic, which led to widespread lockdowns and a sharp decline in road travel. With fewer people commuting and using the app for daily navigation, Waze experienced significant drops in monthly active users and driven kilometers, resulting in reduced advertising revenue. This restructuring aimed to streamline operations amid the challenging economic conditions caused by the global health crisis.
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