Yelp Layoffs
July 2020
Yelp announced a layoff affecting 63 employees in July 2020. The company operates in the Consumer sector.
63
Jul 13, 2020
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Yelp, the online review platform, announced in August 2020 that it would lay off an additional 63 employees as part of its extended office closures into 2021. This comes after the company had previously laid off 1,000 workers and furloughed about 1,100 in April due to the severe impact of the COVID-19 pandemic, which drastically reduced consumer activity and business for local services. While Yelp is recalling nearly all furloughed employees and restoring pay, the ongoing uncertainty in the economy led to these further job cuts. The layoffs reflect the broader challenges faced by the tech and local business industry during the pandemic, as companies adjusted to shifting consumer behaviors and prolonged remote work arrangements.
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View Sourcewww.cnbc.comRelated Events
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