Layoff Events

Welltech laid off 225 employees representing approximately 30% of its workforce on 2026-04-03. The company operates in the Fitness sector.

Monzo laid off 50 employees on 2026-03-31.

Yupp, an AI startup that had raised $33 million from Andreessen Horowitz, is shutting down in March 2026, resulting in the layoff of its entire workforce. The company, which employed around 50 people, offered a crowdsourced service for testing and comparing AI models, amassing 1.3 million users. Despite initial traction, Yupp failed to achieve sustainable product-market fit. The founders cited rapid advancements in AI technology and a shift in the industry's focus toward agentic systems and specialized expert feedback, rather than broad consumer input, as key reasons for the shutdown. This closure highlights the intense competition and fast-paced evolution within the AI sector.

Oracle, a major software company with approximately 162,000 employees as of May 2025, has initiated a significant layoff affecting thousands of workers. This workforce reduction comes as the company faces a steep 25% stock decline this year, driven by investor concerns over its substantial debt and dwindling cash flow. Oracle is heavily investing in data center infrastructure to handle AI workloads, raising billions in debt to fund this expansion, including a recent $50 billion plan. While the exact number of layoffs isn't specified, reports suggest cuts in the thousands, aimed at improving financial flexibility. The move reflects broader pressures in the tech industry as companies balance competitive AI investments with financial performance.

Covrzy, an Antler-backed insurtech startup based in Bengaluru, has shut down after about three years of operation due to a persistent cash crunch. The company, which had around 13 employees at closure, saw its workforce fully laid off as operations wound down. This followed the resignation of its cofounder and CTO last year, which triggered a series of top-level exits and missed internal targets. Despite exploring acquisition deals until December 2025, two potential M&A bids fell through, with acquirers showing interest only in Covrzy's distribution rather than its innovation in the SME insurance space. Founded in 2023, the startup had onboarded over 800 businesses and was projecting revenue growth, but financial instability ultimately led to its demise in early 2026.

Social gaming platform Rec Room, once valued at $3.5 billion, is shutting down its service entirely on June 1, 2026, following significant financial struggles. The company, which had attracted over 150 million players, announced the closure due to an inability to achieve profitability despite its large community. This follows earlier layoffs this year, as high operational costs and shifting market conditions in the VR and broader gaming industry made the business unsustainable. The platform will cease all new activity and go offline permanently at noon PT on the specified date.

German solar energy startup Enpal has laid off nearly 100 employees without prior warning as part of a complete restructuring of its customer service department. The layoffs, which occurred in late March 2026, were announced during a sudden town hall meeting at the company's Berlin headquarters. While the move surprised affected staff, it was reportedly internally planned for some time. Enpal, a growing startup in the renewable energy industry, is reorganizing its customer service operations, requiring some employees to reapply for their positions.

Monte Carlo, a data observability company, recently restructured and laid off 30% of its team. This decision, made from a position of strength after a record Q4, was driven by the company's strategic shift to become an AI-first organization. Leadership cited the transformative impact of AI, enabling smaller, more focused teams to work with greater velocity and autonomy. The move aims to accelerate product development in AI agent observability and fundamentally rethink roles, prioritizing flatter organizational structures. While the exact number of affected employees wasn't disclosed, the layoffs reflect a proactive bet on future growth in the competitive AI and data infrastructure industry.

Meta is laying off several hundred employees across multiple teams, including sales, recruiting, and Reality Labs, affecting fewer than 1,000 people. The company, which had nearly 79,000 employees at the end of 2025, is restructuring to align with goals and investing heavily in AI. This marks the second round of layoffs in 2026, following cuts in Reality Labs earlier in the year.

OpenText, a Canadian information management company with 22,000 employees, has laid off approximately 880 workers, representing four percent of its global workforce. The cuts, part of a corporate restructuring, affected roles across engineering, community management, and senior analysis in countries including the United States, Canada, and India. This move precedes the upcoming leadership transition, with former IBM Americas president Ayman Antoun set to become CEO in April. The company is focusing on its core AI-driven information management business and has been selling non-core assets to reduce debt, aligning with a broader three-year optimization plan.

Epic Games laid off 1,000 employees on 2026-03-24.

Zendesk laid off 100 employees on 2026-03-24.

On March 23, 2026, Spotify conducted a new round of layoffs within its podcast division, affecting approximately 15 employees, which represents about 3% of the group's headcount. The cuts primarily impacted staff at The Ringer and Spotify Studios. According to internal sources, this restructuring aims to enhance execution, speed, and team alignment within the podcast organization, rather than being driven by cost-cutting measures. Spotify emphasized it continues to invest in growth areas like multiformat content and video for its podcast business. This follows previous reductions in the division, including layoffs in June 2025 and a larger strategic realignment in 2023. The company, a major player in the audio streaming industry, declined to comment on the staffing changes.

AI-linked job loss tracked by JobLoss.ai. Industry: Technology

Gemini representing approximately 30% of its workforce on 2026-03-20.

Snowflake, a $59 billion cloud data company, has laid off approximately 70 employees, primarily from its technical writing and documentation team, as part of targeted adjustments to align with its long-term strategy. The cuts, confirmed in March 2026, reflect the company's shift toward operational efficiency and a heightened focus on developing AI products. While Snowflake did not specify the total workforce or exact percentage affected, the move is part of a broader industry trend where tech firms, including Atlassian and Block, are restructuring to prioritize AI initiatives. The company emphasized its commitment to sustained growth and continued investment in its people and products.

FranShares representing approximately 100% of its workforce on 2026-03-17.

In March 2026, the social news aggregation startup Digg laid off a sizable portion of its staff as part of a major retooling effort, though the exact number of affected employees was not disclosed. The company, a reboot of the once-popular link-sharing site led by Kevin Rose, faced overwhelming challenges from sophisticated AI bots and automated spam accounts that undermined its user-vote ranking system. CEO Justin Mezzell cited the immense difficulty of competing against established rivals like Reddit, describing it as facing "a wall." As a result, Digg pulled its app from stores and will continue operating with a small team while Rose returns to focus on the company full-time, aiming to rebuild it into something genuinely different.

Stone, a Brazilian fintech company known for its card machines, laid off approximately 400 employees in March 2026, representing about 3% of its workforce of 14,000. The mass dismissal, primarily affecting the technology sector, was framed as a restructuring aimed at greater efficiency. The company cited ongoing simplification efforts and advancements in artificial intelligence as contributing factors. This move occurred shortly after the new CEO, Mateus Scherer, took office and followed a period of stock price volatility. The labor union for IT workers in São Paulo condemned the layoffs as anti-union and plans legal action, arguing the company bypassed required negotiations. Stone maintains it was a targeted adjustment with no impact on clients or operations.

Atlassian laid off 1,600 employees representing approximately 10% of its workforce on 2026-03-11.

InvestCloud laid off 150 employees on 2026-03-10.

Flipkart, a major Indian e-commerce company, has laid off approximately 400 to 500 employees, which represents about 3-4% of its total workforce. This move followed the company's annual performance review cycle, which it described as a regular process, though the scale of this reduction is noted as being higher than the typical 1-2% seen in such reviews. The layoffs occur as Flipkart is preparing for an initial public offering (IPO) on Indian stock exchanges, with discussions underway with investment bankers and a potential listing targeted for late 2026 or early 2027. The company is also streamlining its operations, including recent divestments, as part of its broader strategic preparations.

AI-linked job loss tracked by JobLoss.ai. Industry: Banking

In February, Montréal-based luxury e-commerce fashion retailer SSense laid off over 200 employees, specifically 169 at its Saint-Laurent warehouse and 46 at its office. This represented a significant reduction from its workforce, as the founders' buyback plan aimed to retain approximately 760 employees. The layoffs, attributed to economic reasons, occurred just two days after a Québec court approved the founders' $78-million bid to reclaim the company from bankruptcy protection, blocking lenders' push for an asset sale. The company, once valued at over $5 billion, had struggled with falling sales due to shifting consumer habits, rising interest rates, and a detrimental U.S. trade policy change, leading to its 2025 bankruptcy filing.

Supernal, an Irvine-based air taxi startup backed by Hyundai Motor Group, laid off 296 employees last week, representing about 80% of its total workforce. This drastic reduction leaves only 70 to 80 staff members as the company struggles to prove its eVTOL (electric vertical takeoff and landing) technology and restructures its operations. The layoffs, affecting teams in Mojave, Orange County, and Fremont, are part of a strategic pivot to optimize costs and staffing for long-term goals. Supernal has paused its aircraft development and will consolidate operations at its Irvine headquarters, delaying its certification timeline for the S-A2 eVTOL aircraft originally targeted for 2028.

Envato, a creative marketplace owned by Shutterstock, is cutting up to 200 jobs, which represents about one-third of its total workforce. The layoffs are part of a global restructuring announced in early March 2026, driven by a strategic shift to focus on AI and adapt to changing customer expectations. The company, operating in the tech and creative industries, is streamlining its team structure across Australia, New Zealand, Mexico, and the U.S. to reduce costs and invest more in product development and AI initiatives.

Insurtech unicorn At-Bay laid off 25 research and development employees in Israel in early March 2026, reducing its local workforce from 340 staff. This represents a cut of approximately 7% of its Israeli team. The cyber insurance company, valued at $1.35 billion, is restructuring its development division as part of a strategic shift to prioritize operating profitability. CEO Rotem Iram described the decision as difficult but necessary to position the company responsibly as a global leader in its market. The layoffs were implemented just before a period of regional conflict, adding to the challenge of the situation.

Amazon laid off 100 employees on 2026-03-04.

MicroVision laid off 49 employees on 2026-03-03.

Verint Systems, a customer experience automation company, laid off hundreds of employees in early March 2026, following its $2 billion acquisition by private equity firm Thoma Bravo. The layoffs affected several dozen of its approximately 200 employees in Israel, part of a global workforce of around 3,800. The job cuts are part of the integration process as Thoma Bravo merges Verint with another portfolio company, Calabrio, to form a unified AI-driven customer experience platform. This restructuring also included a leadership change, with Calabrio's former CEO taking over. The move marks the beginning of Verint's new era as a private company after being delisted from Nasdaq.

In February 2026, Nigerian cryptocurrency startup Zap Africa laid off 44% of its workforce, reducing its team from 18 to 10 employees. This AI-driven restructuring, which began in December 2025, affected roles across design, operations, marketing, and support as the company pivoted to a leaner, automation-focused model to align operating costs with revenue. The move reflects broader pressures in the crypto industry during a prolonged bear market, where startups like Zap Africa are shifting from aggressive growth to capital preservation. The integration of an AI tool, Martha AI, into customer support workflows contributed to the reduction in human roles. The two-year-old Lagos-based startup stated this was a targeted restructuring and not a company-wide layoff, with no further cuts planned.

Ocado, the UK-based retail technology and online grocery company, is cutting 1,000 jobs, representing about 5% of its global workforce, as part of a £150 million cost-saving drive announced in late February 2026. Approximately two-thirds of the layoffs will affect its UK operations, with half of the roles being in technology and the rest in support functions. The restructuring follows the completion of major projects, including a new generation of robotic equipment and digital platforms for retailers, reducing the need for extensive R&D staff. CEO Tim Steiner cited increased productivity from AI in software development and a slower-than-expected market for large automated warehouses in the US as factors. The company is merging divisions and scaling back R&D to focus on delivering existing technology, including smaller-scale solutions for local stores. This move comes a year after Ocado eliminated 500 technology roles, reflecting ongoing adjustments in its business model.

Block, the payment technology company, announced a major workforce reduction on Thursday, laying off over 4,000 employees. This represents about half of its total headcount, which was over 10,000, reducing it to just under 6,000. The company's leadership, including CEO Jack Dorsey and CFO Amrita Ahuja, framed the cuts as a proactive strategic shift to position Block for its next phase of growth. They cited a desire to move faster with smaller, highly talented teams and to leverage AI to automate more work, aiming for greater efficiency. The announcement was met with a positive market reaction, with shares rising significantly. Dorsey indicated he expects this trend of AI-driven structural changes to become common across many companies in the coming year.

eBay, a major e-commerce company, announced on Thursday that it is laying off approximately 800 employees, which represents about 6% of its global workforce of around 12,300. The job cuts are part of a broader restructuring effort to focus on strategic priorities, streamline operations, and reinvest in key areas like artificial intelligence. This move comes as eBay faces intense competition from rivals such as Amazon, Walmart, and newer platforms like TikTok Shop and Temu. The company has been actively investing in AI to enhance its platform and recently announced the acquisition of Depop, a resale app popular with younger consumers, to strengthen its position in the fashion market. These layoffs reflect eBay's ongoing efforts to adapt and compete in the rapidly evolving online retail industry.

Deliveroo laid off 187 employees on 2026-02-25.

DraftKings on 2026-02-24.

TrueCar laid off 100 employees representing approximately 30% of its workforce on 2026-02-24.

WiseTech laid off 2,000 employees representing approximately 30% of its workforce on 2026-02-24.

AI-linked job loss tracked by JobLoss.ai. Industry: Technology

AI-linked job loss tracked by JobLoss.ai. Industry: Law

AI-linked job loss tracked by JobLoss.ai. Industry: Interior Design

Livspace, a home interior and renovation unicorn in the real estate tech industry, has laid off 1,000 employees, representing about 12% of its workforce. These job cuts occurred over the past six months as the company strategically integrated advanced AI agents and automation into its core functions—sales, operations, design, and marketing—to enhance efficiency and customer outcomes. The move is described as a forward-looking reallocation of resources rather than reactive cost-cutting. Amid this restructuring, cofounder and India CEO Saurabh Jain also resigned to pursue personal interests, noting his role in developing the AI systems that enabled these operational changes. The startup, founded in 2014 and backed by significant investors, continues to focus on leveraging technology to transform its service delivery.

In February 2026, electric vehicle maker Lucid Motors announced a workforce reduction of 12% as part of its ongoing effort to improve operational effectiveness and optimize resources on its path to profitability. Based on its reported global headcount of 6,800 full-time employees at the end of 2024, this layoff likely affected hundreds of staff, though hourly manufacturing, logistics, and quality workers were exempt. The decision comes as the company ramps up production of its Gravity SUV, prepares to launch a more affordable midsize EV, and expands into robotaxi services, all while operating without a permanent CEO for nearly a year following executive turnover.

Skillsoft, the parent company of the online learning platform Codecademy, has laid off the entire curriculum team at Codecademy, as confirmed by a senior leader in February 2024. This decision eliminates the core team responsible for developing interactive programming courses, career paths, and AI-powered learning features. The move signals a significant strategic shift for the coding education platform, especially as it integrates further into Skillsoft's digital learning portfolio following its 2022 acquisition. It raises questions about the future direction of Codecademy's content development and its approach to AI-led learning in the competitive ed-tech industry.

Following its $25 billion acquisition by Palo Alto Networks, CyberArk is undergoing a global restructuring that will result in approximately 500 layoffs, representing a significant portion of its nearly 4,000 employees. The cuts, which include about 100 positions in Israel, were announced just one day after the deal closed in February 2026. The layoffs, estimated at around 10% of CyberArk's Israeli workforce, are focused on streamlining overlapping roles in sales, operations, and administration, though research and development positions are being preserved. Affected employees, primarily from the cybersecurity industry, are being offered notice periods of three to 12 months along with severance packages as the combined company integrates its operations.

Firebolt, a unicorn data warehouse company valued at $1.4 billion, has laid off dozens of employees across its Israeli and international teams in February 2026. This reduction leaves only a small development team in Israel alongside a U.S. team. Despite holding over $100 million in cash reserves, the company is implementing a strategic shift to improve efficiency, driven by management's assessment that AI-driven advancements now reduce the need for a large engineering workforce. The layoffs follow the earlier departure of its founders from management roles, marking a significant adaptation to a new technological era in the cloud data analytics industry.

Huawei's Israeli R&D center, operating as Toga Networks, is laying off approximately 50 employees from its cloud division in February 2026. This represents over 12% of the center's local workforce of about 400 employees. The layoffs are part of an organizational restructuring aimed at improving efficiency and sharpening business focus. Despite these cuts, Huawei continues to recruit for other divisions. The Hod Hasharon-based center, acquired in 2016, remains a key R&D hub for the Chinese tech giant, focusing on advanced communications, cloud infrastructure, and AI technologies, even amid ongoing global sanctions.

Axonius, a cybersecurity unicorn, has laid off 40 employees, representing about 4% of its workforce of approximately 800. This follows a previous round of 100 layoffs in November 2025. The cuts, announced in February 2026, primarily affected senior marketing and sales staff, with only seven roles impacted in Israel where the company's R&D is based. The layoffs and the simultaneous stepping down of co-founder and CEO Dean Sysman are part of the company's ongoing restructuring to improve efficiency. This move is seen as preparation for a potential IPO, for which its current revenue of around $200 million is reportedly below typical Wall Street thresholds, or a possible acquisition, with rumors of talks with companies like Cisco. The leadership change saw company president Joe Diamond appointed interim CEO.

Clari laid off 76 employees on 2026-02-12.

Glossier, the US cosmetics label, laid off more than 50 employees on February 11, 2026, as part of a reorganization. This reduction affected approximately one-third of its total workforce across various functions. The layoffs reflect the company's strategic adjustments in the competitive beauty industry, which includes cosmetics, skincare, and fragrance sectors.