Layoff Events

Zillow on 2025-01-10.

Pandion laid off 63 employees representing approximately 100% of its workforce on 2025-01-10.

Redfin laid off 46 employees on 2025-01-09.

Icon, a company in the technology sector, has recently conducted layoffs, though specific details such as the number of employees affected, the percentage of the workforce, and the exact date are not publicly disclosed in the available information. The layoffs appear to be part of broader organizational adjustments, which are common in the dynamic tech industry. As a mid-sized firm, Icon's workforce size and the scale of these cuts remain unclear, but such moves often reflect strategic shifts or economic pressures faced by companies in this competitive field.

Microsoft is planning a round of job cuts focused on underperforming employees, with reductions occurring across the company, including its key security division. While the exact number of layoffs was not disclosed, the company had approximately 228,000 full-time employees as of late June. These performance-based cuts, reported in early January 2025, are part of a broader effort to prioritize high-performance talent, similar to moves by competitors. Microsoft often backfills these roles, so the overall headcount may not see a significant change. The technology giant, a leader in the software and cloud computing industry, is intensifying its performance management, with managers recently evaluating employees up to senior levels.

Altruist laid off 37 employees representing approximately 10% of its workforce on 2025-01-07.

Aqua Security, a cybersecurity unicorn specializing in cloud-native application security, has laid off dozens of employees globally as part of a strategic reorganization aimed at streamlining operations and focusing on profitability. The layoffs, which occurred in early January 2025, include an estimated 20 employees in Israel. With a global workforce of approximately 450, this reduction follows previous cuts in July 2023 (50 employees) and December 2022 (65 employees). The company, headquartered in Boston and Ramat Gan and founded in 2015, has raised $325 million to date, including a $60 million round at a $1 billion valuation in January 2022. Aqua Security serves over 500 enterprise organizations, including 40% of Fortune 100 companies, and recently announced a collaboration with Orca Security to enhance its cloud protection offerings.

Cloud Software Group, the parent company of Citrix, Tibco, NetScaler, and XenServer, has conducted a new round of global layoffs, eliminating a number of roles worldwide. While the exact number of affected employees and the percentage of its total workforce were not disclosed, the cuts impacted various positions, including engineers, technical account managers, and other roles, as confirmed by LinkedIn posts from former staff. The Fort Lauderdale-based cloud and virtualization technologies vendor stated the layoffs are part of a continuous business review aimed at scaling toward becoming a $20+ billion diversified software company, emphasizing simplified processes and disciplined fiscal decision-making. This action follows previous layoffs in January 2024 and recent acquisitions aimed at boosting security and cloud capabilities. The company remains focused on innovation and channel partner investments.

SolarEdge laid off 400 employees on 2025-01-06.

Level, a New York-based benefits startup founded in 2018, has shut down after an acquisition deal fell through, leading to the termination of its operations. The company, which specialized in dental and vision insurance for employers, laid off the majority of its workforce, retaining only a small team to assist customers through the transition. While exact figures on employee count and layoff percentages are not specified in the report, the closure was announced abruptly in early January 2025, following the collapse of last-minute acquisition efforts. This event highlights the challenges faced by startups in the competitive insurtech and employee benefits industry, particularly those reliant on funding or exit strategies to sustain operations.

Brave Care representing approximately 100% of its workforce on 2024-12-31.

French food delivery startup Epicery is shutting down entirely on December 31, 2024, resulting in the layoff of its entire workforce. The company, which specialized in premium grocery delivery, faced insurmountable economic challenges, including high inflation that curbed customer spending and intense post-pandemic competition. Despite a surge during COVID-19 lockdowns and a majority investment from Geopost/DPDgroup in 2021, Epicery reported significant losses, with a negative EBITDA of -€4.69 million on €2.57 million in sales in 2023. Its parent company cited a tough market, the return to in-person shopping, and poor profitability prospects as reasons for the closure, marking the end of its nine-year operation in the competitive food delivery industry.

Bench, a Canadian accounting software startup for small and medium-sized businesses, abruptly shut down on December 27, 2024, resulting in the effective layoff of its entire workforce. The company, which had raised $113 million from investors like Shopify and Bain Capital Ventures, served over 35,000 U.S. customers. Its sudden closure left thousands of businesses without access to critical accounting and tax documents, forcing them to urgently migrate their data. Bench cited an inability to continue operations, recommending customers transition to another startup, Kick. The shutdown reflects significant turmoil in the fintech and SaaS industry, impacting a venture-backed company that had scaled to serve a substantial customer base.

German electric aircraft startup Lilium has ceased operations and laid off approximately 1,000 employees, representing the bulk of its workforce, after failing to secure financing and exit insolvency. The layoffs, confirmed in late December 2024, followed an earlier round of about 200 job cuts. Founded in 2014, the company had raised over $1 billion and gone public in 2021, developing a vertical take-off and landing (VTOL) aircraft. Despite attracting major backers and orders, Lilium struggled financially for months and filed for insolvency in October 2024 after a failed bid for German government aid. A potential rescue emerged just after the shutdown announcement, with a consortium agreeing to acquire subsidiaries to facilitate a restructuring.

BionicHIVE, an Israeli robotics startup backed by Amazon, has shut down and entered liquidation with approximately $18 million in debt. The Sderot-based company, which employed around 30 people at its peak, attributes its collapse to the impact of the "Swords of Iron" war, which severed its funding pipeline as foreign investors became reluctant to invest in Israeli tech. The company filed for liquidation in December 2024, citing a severe cash flow crisis that halted operations. Founded in 2014, BionicHIVE had gained notable attention, including praise from Elon Musk, for its warehouse automation technology.

RealSelf on 2024-12-19.

Refinery29 on 2024-12-17.

Thrive representing approximately 100% of its workforce on 2024-12-14.

Yahoo has laid off approximately 40 to 50 employees from its 200-person cybersecurity team, known as The Paranoids, since the start of 2024, representing about a 25% reduction. This includes the complete elimination of its internal red team, which simulated cyberattacks to test defenses, with those functions now being outsourced. The cuts are part of broader strategic adjustments under new CTO Valeri Liborski, aimed at focusing resources on critical security priorities. These layoffs follow a larger company-wide reduction of over 1,600 employees last year, reflecting ongoing restructuring efforts within the tech and media industry to improve profitability.

Cint, a global research technology company with approximately 900 full-time employees, announced a workforce reduction of about 12% on December 12, 2024. This layoff affects both employees and contractors and is part of broader cost-cutting measures aimed at streamlining operations and enhancing efficiency amid challenging market dynamics. The restructuring is expected to reduce annual operating expenses by approximately €15 million, with a one-time charge of around €5 million in Q4 2024. The company is focusing on finalizing customer migration to its unified Cint Exchange in 2025 and plans to outline its revised medium-term strategy in a January 2025 investor update.

Electric vehicle startup Canoo has initiated another substantial round of layoffs, terminating more than 20 employees in early December 2024. This follows a recent relocation of staff from California to Texas and comes as the company faces severe financial distress, with its stock down 99% and bankruptcy concerns looming. The layoffs have severely impacted key operational teams, including nearly the entire service department and the paint team. Earlier in November, Canoo had already furloughed 23% of its factory workforce in Oklahoma for 12 weeks. These cuts reflect the intense challenges within the competitive EV industry as the struggling startup, which employs around 300 people, attempts to restructure and conserve cash.

OfferUp representing approximately 22% of its workforce on 2024-12-11.

Calendly laid off 70 employees representing approximately 13% of its workforce on 2024-12-11.

Spotter on 2024-12-11.

Foundry, the world's largest Bitcoin mining pool operator owned by Digital Currency Group, laid off 27% of its workforce in December 2024, reducing staff from 274 to 200 employees. The cuts primarily affected U.S. operations, with 44 American workers let go, and also impacted teams in India. This strategic move aims to refocus the company on its core mining pool and site operations businesses. The layoffs occurred amid a broader industry struggle where rising mining costs post-halving are pressuring revenues, despite a bullish market. Concurrently, Foundry transferred 20 staff to Yuma, a new AI startup spun off from DCG, highlighting a sector-wide trend of miners pivoting to AI or consolidating to survive.

Berlin-based conversational marketing platform Spectrm, a startup in the SaaS and marketing technology industry, has filed for preliminary bankruptcy proceedings, resulting in layoffs that effectively affect its entire workforce. The company, which had around 50 employees, communicated the news abruptly via a company-wide Slack message on October 29, 2024, without prior notice to non-executive staff. This sudden announcement highlights a severe breakdown in communication during the downsizing process, as the firm succumbed to financial difficulties despite a generally improving tech sector.

Fintech company Bluevine has laid off 100 employees, representing about 18% of its global workforce, in its second round of job cuts within six months. The layoffs, announced in December 2024, included 30 positions in Israel, which serves as the company's primary R&D center. Prior to this reduction, Bluevine employed approximately 550 people. The company stated the move was necessary to adapt to changes in the global market and to execute its long-term strategy more efficiently, despite continued growth of its small business banking platform. Founded in 2013 and backed by prominent investors, Bluevine provides a digital banking platform for small businesses.

EasyKnock, a New York-based residential sale-leaseback fintech platform, has abruptly ceased operations, resulting in the layoff of its entire workforce. While the exact number of employees affected is not specified, the company's closure follows significant regulatory scrutiny and consumer lawsuits. In December 2023, Massachusetts regulators settled with EasyKnock over allegations of deceptive practices that stripped homeowners of equity, with similar actions in other states. Despite raising substantial funding, including a $28 million Series D round in February 2024, the company faced mounting legal challenges that ultimately led to its shutdown. The industry is real estate technology, and the company had scaled through multiple acquisitions before its collapse.

Mixtroz, a Birmingham-based event tech startup founded by a mother-daughter duo, is winding down its operations after a decade in business. The company, which developed an app to facilitate networking at meetings and conferences by grouping attendees based on shared interests, gained national recognition for its founders becoming among the first Black women to raise over $1 million in venture capital. While specific layoff numbers and total employee count are not detailed in the announcement, the decision to close the business implies the entire team is affected. The closure marks the end of a journey that began with a $100,000 seed funding win in 2018, highlighting the challenges faced by startups in the competitive event technology industry.

Singapore-based e-commerce platform Carousell announced on December 6, 2024, that it is laying off 76 employees, which represents 7% of its total workforce. The company stated this strategic reorganization was a proactive move to adjust its business units to current market realities and reallocate resources to more promising areas, aiming to ensure long-term sustainability and operational efficiency. Approximately 60% of the affected roles are based in Singapore, with the remaining cuts spread across its other regional offices.

Circle, the issuer of the USDC stablecoin, has laid off approximately 50 employees, representing less than 6% of its workforce, following a regular operational review. The company, which reported having 882 employees in June 2024, stated the cuts are part of an effort to adjust investments and expenses, marginally reducing spend in some areas while growing others. This move in the cryptocurrency and financial technology industry comes as Circle, a significant player with a market-leading stablecoin, continues to navigate its business strategy, having filed for an initial public offering earlier in the year.

Vox Media, a prominent digital media company, is implementing layoffs and a significant restructuring, primarily affecting its lifestyle brands Thrillist, PS (formerly PopSugar), and Eater, as well as its media production and technology teams. The announcement was made by CEO Jim Bankoff in an internal memo on Thursday. While the company declined to specify the exact number of employees affected, the move is part of a broader reorganization aimed at adapting to the accelerating pace of change in the media industry. Bankoff stated the restructuring is essential to evaluate investments and serve audiences better to ensure the long-term health of the business.

Fintech unicorn Stash laid off approximately 40% of its workforce, affecting about 88 employees out of roughly 220, in early October 2024. This restructuring occurred shortly after CEO Liza Landsman's departure at the end of September and coincided with the return of cofounders Ed Robinson and Brandon Krieg as co-CEOs. The layoffs, which included at least three executives, mark the company's second major workforce reduction this year. Stash, a personal finance and investing app for beginners valued at $1.4 billion, faced acquisition interest, including an offer from eToro below its last valuation, but the board opted instead to pursue a new funding round to pay down debt and fund growth initiatives.

2U on 2024-12-04.

Booking Holdings, a major online travel company, has laid off approximately 60 employees at its business-to-business unit, Rocket Travel by Agoda. This reduction is part of a strategic move to streamline operations and reset the company's global investment priorities, particularly as it focuses on advancements in the AI era. The layoffs, confirmed in early 2024, represent a shift away from less competitive B2B services, where Expedia has held a stronger position. This restructuring aims to reallocate resources toward areas with higher growth potential within the travel industry.

Marketing platform Skai, formerly known as Kenshoo, is laying off approximately 80 employees, which represents about 15% of its workforce of 550 people. The company, a pioneer in Israeli digital marketing and high-tech founded in 2006, is refocusing its strategy to concentrate on high-growth areas like commerce and retail media while improving profitability and operational efficiency. This follows a previous workforce reduction in 2022 after a merger. The layoffs, announced in December 2024, affect half of the impacted employees in Israel as the company streamlines its operations.

Lightspeed Commerce laid off 200 employees on 2024-12-02.

In November 2024, Nigerian truck-hailing startup Kobo360, backed by Goldman Sachs, conducted a company-wide layoff across its seven markets as part of a restructuring effort. In its largest market, Nigeria, at least 30 out of 50 employees were cut, representing a 60% reduction in that team, though the total global impact remains unclear. The layoffs followed the departure of the ex-CEO, who cited fundraising difficulties, and coincided with other executive resignations. The company, operating in the logistics and transport industry, is restructuring its business, pausing most operations to reduce costs and extend its runway after last raising $48 million in 2021.

In September 2024, the Bengaluru-based fintech startup Klub, backed by Peak XV and Trifecta Capital, laid off approximately 60-70 employees, reducing its workforce from over 100 to about 45—a cut of more than half. This significant downsizing, affecting most of the team in its Ahmedabad office, was driven by funding challenges, leading the company to restructure its operations. Klub has paused its cross-border commerce enablement business, a vertical launched about a year ago, and is focusing on clearing remaining inventory before potentially closing it. The company's core offering remains its revenue-based financing for businesses. CEO Anurakt Jain stated that Klub is pursuing operational efficiencies and is in active discussions to raise new capital, aiming to strengthen its financial position in the competitive fintech industry.

SolarEdge laid off 500 employees representing approximately 12% of its workforce on 2024-11-27.

Market-research startup AlphaSense laid off 150 employees, representing about 8% of its workforce, earlier this month as part of a restructuring effort following its $930 million acquisition of data provider Tegus. The company, which uses AI to analyze financial documents and data, made these cuts to address redundancies and streamline operations, aiming to ensure long-term stability and growth.

Sprout Social, a social media management software company, has not announced any layoffs. The provided content appears to be an internal talent directory or a list of employees open to work, not a report of workforce reductions. There is no information regarding the number of employees laid off, percentage, reason, or date for any such event. The industry is social media software, and the company's scale is not detailed in this excerpt.

Apple on 2024-11-24.

Adjust, a mobile app measurement and marketing company owned by AppLovin, has conducted multiple rounds of layoffs in 2024, with WARN notices indicating at least 304 job cuts across filings from August to November. The exact number of employees affected in this specific event is unclear, as reports suggest these may be separate or related rounds. Following its $1 billion acquisition by AppLovin in April 2021, Adjust has seen leadership changes, including the appointment of a new CEO. The layoffs occur despite AppLovin reporting strong Q3 2024 financials, with revenue up 39% year-over-year to $1.2 billion. The company operates in the mobile app and gaming industry, with AppLovin employing over 500 staff globally at the time of the acquisition.

Online travel agency Hopper conducted its second major reorganization in just over a year this month, resulting in 60 to 65 layoffs, which represents approximately 10% of its workforce. The restructuring particularly impacted the direct hotel team, with about 20 employees affected, a move largely driven by Expedia's decision to restart supplying hotels to Hopper, which made those roles less critical. The company is now focusing on strategic realignment to streamline operations and enhance efficiency in the competitive online travel industry.

Ola Electric, an Indian electric vehicle manufacturer, has laid off approximately 400-500 employees, which represents around 10% of its workforce. The decision, made in late April 2024, is part of a restructuring effort aimed at improving profitability and operational efficiency as the company prepares for its upcoming initial public offering (IPO). Operating in the competitive automotive and mobility industry, Ola Electric is scaling its operations to strengthen its market position ahead of the public listing.

LinkedIn laid off 202 employees representing approximately 1% of its workforce on 2024-11-21.

Headspace representing approximately 13% of its workforce on 2024-11-20.

Own on 2024-11-19.

General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000 software jobs. The cuts are aimed at optimizing for speed and excellence, focusing on efficiency and business priorities, and come amid potential federal subsidy losses for electric vehicles.