ConsumerUS

Yelp Layoffs

April 2020

Yelp announced a layoff affecting 1,000 employees (17% of its workforce) in April 2020. The company operates in the Consumer sector.

People Affected

1,000

Percentage

17%

Announced Date

Apr 9, 2020

About

Yelp, the prominent local business reviews platform, announced significant layoffs last week, affecting 1,000 employees, which represents 17% of its workforce. The company also placed an additional 1,100 staff on furlough. This move comes as Yelp faces a sharp 64% decline in customer interest for restaurants since March 10, highlighting the severe impact of the COVID-19 pandemic on its core business. The layoffs spanned all departments, including engineering, underscoring the broad restructuring effort by the San Francisco-based tech company to navigate the economic downturn.