Layoff Events

SirionLabs, a Tiger Global and Sequoia-backed contract management SaaS startup, laid off approximately 130 employees, or about 15% of its workforce of over 900, in mid-January. The job cuts, announced by CEO Ajay Agrawal on January 17, impacted teams globally, including DevOps, analysts, and support. This restructuring, aimed at achieving profitability amid a challenging macroeconomic environment, came just days after the company raised $25 million in an extended Series D funding round, bringing its total Series D to $110 million. The Washington-headquartered startup, which has raised about $170 million to date, offered a two-month severance package to affected employees.

London-based cryptocurrency exchange Luno is laying off 35% of its global workforce, impacting over 330 employees out of roughly 960. The cuts, announced by CEO Marcus Swanepoel in a live-streamed town hall on Wednesday, primarily affect marketing teams, with key operating and compliance teams seeing minimal impact. The company, part of the Digital Currency Group conglomerate, cites a tough 2022 marked by a worsening macroeconomic climate, the crypto market downturn, and industry shocks like the collapses of FTX and Terra, which have constrained growth and revenue. Luno will also scale back its operations in the U.S. and Australia as it navigates the ongoing "crypto winter."

Bolt laid off 50 employees representing approximately 10% of its workforce on 2023-01-24.

Vacasa laid off 1,300 employees representing approximately 17% of its workforce on 2023-01-24.

PagerDuty representing approximately 7% of its workforce on 2023-01-24.

Innovaccer laid off 245 employees representing approximately 15% of its workforce on 2023-01-24.

Corvus Insurance representing approximately 14% of its workforce on 2023-01-24.

Based on the provided content, there is no information about a layoff event at CoachHub. The text appears to be a generic sign-up or login interface snippet from LinkedIn, containing no news or details about the company's operations, workforce, or any restructuring. Therefore, a summary of a layoff cannot be generated from this material.

Icon on 2023-01-24.

Gitpod laid off 21 employees representing approximately 28% of its workforce on 2023-01-24.

OFFOR Health, a tech-enabled healthcare delivery company, recently conducted a layoff, reducing its team size due to macroeconomic pressures. While the exact number of employees affected and the total workforce size were not disclosed in the announcement, the company described the decision as extremely difficult. The impacted individuals worked across software development, clinical recruiting, sales, HR, and IT, having contributed to expanding services to five states and launching multiple care lines for pediatric and adult patients. This restructuring reflects broader economic challenges within the healthcare technology industry as companies adjust their operations.

Scoro representing approximately 9% of its workforce on 2023-01-24.

Innovid laid off 40 employees representing approximately 10% of its workforce on 2023-01-23.

Israeli cloud security startup Ermetic laid off 30 employees on January 23, 2023, representing 17% of its workforce. The cuts, part of a restructuring to focus on core technological development amid market challenges, affected marketing, sales, and HR departments, with no R&D staff impacted. A third of the laid-off employees were based in Israel. Ermetic, which had raised $100 million in total funding, operates in the cybersecurity industry, providing multi-cloud protection for enterprise customers.

Inmobi laid off 50 employees on 2023-01-23.

Uber Freight laid off 150 employees representing approximately 3% of its workforce on 2023-01-23.

Yext representing approximately 8% of its workforce on 2023-01-23.

Israeli startup Namogoo has laid off 20 employees, constituting over 15% of its remaining workforce, in its second round of job cuts in less than three months. Following the layoffs, the company's team will total around 100 people, primarily based in Israel with others in London, Boston, and New York. CEO Chemi Katz stated that these cutbacks will make the company profitable immediately, even as it continues to grow and serve major clients like Victoria's Secret and Neiman Marcus. Founded in 2014, Namogoo, which has raised $81 million, provides a digital journey continuity platform to help websites retain potential customers. This move reflects ongoing adjustments within the tech industry amid broader economic challenges.

Spotify laid off 600 employees representing approximately 6% of its workforce on 2023-01-23.

In January 2023, the edtech startup Camp K12, headquartered in California and operated from Gurugram, laid off approximately 70% of its workforce. The company, which had expanded from a coding bootcamp to teaching math and English online, faced severe financial distress, leading to this drastic staff reduction. Former employees reported that the company was not paying their December salaries, and remaining workers were allegedly prevented from resigning, with management refusing to provide relieving letters. This situation highlights the broader challenges within the edtech industry, as Camp K12, once positioned as a rival to larger coding platforms, struggled to sustain operations amid a turbulent market.

Gemini representing approximately 10% of its workforce on 2023-01-23.

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BUX on 2023-01-22.

Spotify is laying off 6 percent of its global workforce, as announced by the CEO, as part of cost-cutting measures.

Wayfair laid off 1,750 employees representing approximately 10% of its workforce on 2023-01-20.

TikTok, the popular short-form video platform, has conducted a new round of layoffs this week, specifically targeting employees within its human-resources team focused on talent acquisition and recruiting. The exact number of affected employees remains unclear, as the company, a private entity under parent ByteDance, does not publicly disclose such figures. The layoffs were confirmed on Wednesday, January 18, 2023, amidst a broader wave of job cuts across the tech industry, including major players like Amazon and Google. This move appears to be part of ongoing restructuring efforts, following previous workforce reductions in 2022 within its advertising and Russian operations. While TikTok has thousands of global job openings and plans for expansion, these layoffs reflect a strategic adjustment in its hiring approach during a period of economic uncertainty and industry-wide recalibration.

Swiggy, a major Indian food and grocery delivery startup, laid off 380 employees on January 20, 2023, as part of a companywide restructuring. This reduction affected approximately 6% of its total workforce of about 6,000 people. CEO Sriharsha Majety cited slowing growth in the core food delivery business, over-hiring based on overly optimistic projections, and a broader late-stage funding crunch impacting the tech startup sector. The company also announced the shutdown of its standalone meat marketplace, though meat delivery will continue through its Instamart service. Impacted employees were offered severance compensation ranging from three to six months' salary.

On January 20, 2023, Vox Media, a prominent digital media company behind brands like Vox.com, The Verge, and New York Magazine, laid off approximately 130 employees, representing 7% of its workforce. CEO Jim Bankoff cited a challenging economic environment and the need to scale back underperforming or non-core projects as reasons for the cuts. The layoffs affected various departments, including Revenue, Editorial, Operations, and Core Services. This follows a previous round of layoffs in July 2022, where 39 employees were let go. The company, operating in the competitive digital media industry, indicated it would continue to assess its financial outlook and implement cost-saving measures as necessary.

Healthtech startup MediBuddy, backed by Lightrock India, laid off approximately 200 employees earlier this week as part of a restructuring exercise. This represents about 8% of its workforce, which totaled over 2,400 employees prior to the cuts. The layoffs, impacting all departments but heaviest in tech, product, sales, and operations, aim to eliminate role redundancies and realign business goals for long-term stability. The Bengaluru-based company, which recently completed its merger with DocsApp, cited the need for this one-time restructuring despite the short-term difficulty. MediBuddy is providing outplacement assistance and extended health benefits to affected staff. The layoffs occur amid significant financial pressures, with the company's losses having soared in recent fiscal years.

Avalara on 2023-01-20.

Google laid off 12,000 employees representing approximately 6% of its workforce on 2023-01-20.

Online retailer Zappos, a subsidiary of Amazon, has conducted a new round of layoffs impacting several departments, as reported in January 2023. The exact number of affected employees and the start date were not disclosed. This follows a previous round in September where the company confirmed cutting less than 4% of its staff, though sources suggested it could have been as high as 20%. The move aligns with broader tech industry downsizing, including Amazon's own announcement to cut 18,000 jobs earlier that month. Zappos stated the layoffs are part of ongoing assessments to ensure long-term success while maintaining its customer service mission.

Karat laid off 47 employees on 2023-01-20.

Edifecs laid off 30 employees on 2023-01-20.

Based on the provided content, there is no information about a layoff event at Citrine Informatics. The text appears to be a generic sign-up or login interface snippet from LinkedIn, containing no news or details about the company's operations, workforce, or any restructuring. Therefore, a summary of a layoff cannot be generated from this material.

BitTorrent laid off 92 employees on 2023-01-20.

Enjoei, a Brazilian online thrift store startup, laid off 31 employees in January 2023, representing about 10% of its workforce. This mass dismissal came as the company sought to prioritize short and medium-term projects following a difficult period after its late 2020 IPO. Enjoei had seen its market value plummet dramatically throughout 2022. The layoffs primarily affected product, customer experience, and development teams. The company stated the restructuring was aligned with future challenges and projects, aiming to refocus on its core platform serving millions of buyers and sellers.

Morning Consult on 2023-01-20.

Cyteir Therapeutics representing approximately 70% of its workforce on 2023-01-20.

Magnite, a digital advertising technology company, announced a workforce reduction of approximately 6% across its global operations. This layoff, disclosed in a filing on Thursday, is part of the company's ongoing integration efforts following its 2021 acquisition of SpotX, Inc. The cuts primarily target duplicative roles as Magnite consolidates its CTV platforms and realizes operating cost synergies from the acquisition. While the exact number of affected employees was not specified, the 6% reduction reflects a strategic move to streamline operations and eliminate redundant positions within the organization.

Wallbox, an electric vehicle charging company, is laying off 15% of its workforce as part of a broader cost-cutting initiative aimed at saving 50 million euros annually. The job cuts, announced in early 2023, are a response to global supply chain challenges that have impacted EV delivery rates and the company's operations. This restructuring is intended to better align the company with its 2023 financial guidance. While the exact number of affected employees wasn't specified, the reduction is being balanced between operational and personnel expenses to strengthen Wallbox's long-term competitive position in the automotive and EV industry.

Google laid off 12,000 employees in a recent round of big tech layoffs.

IAM Robotics, a company in the robotics and automation industry, has conducted a layoff, as confirmed by founder Tom Galluzzo in a personal message. While the exact number of employees affected and the total workforce size are not specified in the post, the event occurred recently, with Galluzzo expressing gratitude to those let go and encouragement to the remaining team. The context suggests this was a difficult decision, likely due to broader economic challenges or a strategic shift, aimed at ensuring the company's future success and the value of its products. The founder emphasized community support and offered assistance to impacted individuals during this transition.

Electric bus and battery manufacturer Proterra is laying off approximately 300 employees this year as part of a cost-cutting consolidation plan. The company is exiting its California facility and combining its electric bus and battery production in South Carolina. This restructuring, announced in early 2023, aims to reduce facilities costs and better manage supply-chain disruptions. The move reflects broader challenges in the electric vehicle industry, where companies are tightening spending amid consumer concerns about affordability and rising prices.

Earth Rides, an electric ride-share company based in South Nashville, suddenly and permanently shut down on January 19, 2023, without any prior notice to its employees. The closure left an unspecified number of drivers—both full-time and part-time—without their final paychecks, reportedly amounting to three weeks of unpaid wages. Former employees, who were left in the dark about the shutdown, described receiving abrupt messages to cancel rides and return to the lot, with no official communication from the company. Operating in the competitive transportation and car-sharing industry, Earth Rides' abrupt closure not only impacted its workforce but also disrupted service for customers, including those with special needs who relied on the rides. The company's owner has been unresponsive to inquiries, leading former employees to consider legal action to recover their lost wages.

Capital One laid off 1,100 employees on 2023-01-19.

Riot Games, the developer behind League of Legends and Valorant, has laid off 46 employees as part of strategic shifts within certain teams. The company, which currently has 150 open positions globally, stated this move aims to sharpen its focus on delivering the best content and experiences for players. These layoffs, confirmed in January 2023, affected roles across departments such as recruiting, human resources, support, and esports. While Riot historically avoids large reductions, this decision aligns with broader economic challenges impacting the tech and gaming industries. The layoffs represent a small fraction of its workforce, reflecting periodic adjustments to team structures as part of normal business operations.

Prisma, a database technology company, has laid off 21 employees, representing 28% of its team, as announced by CEO Søren Schmidt. The decision, made to adjust the go-to-market strategy and align with future objectives, stems from overly aggressive hiring in commercial functions, resulting in departmental redundancies, and the need to navigate current macroeconomic challenges. The layoffs aim to refocus the company for greater operational efficiency and stability. Affected employees have been notified and will receive severance, extended healthcare benefits, and job search support.

Fandom, the entertainment wiki platform, conducted layoffs affecting its recently acquired sites including Giant Bomb, GameSpot, Metacritic, and TV Guide on January 19, 2023. The cuts impacted less than 10% of the company's total workforce, which numbers under 500 employees, translating to fewer than 50 people let go. This restructuring occurred just four months after Fandom purchased these gaming and entertainment sites for approximately $50 million from Red Ventures. The layoffs, part of broader workforce adjustments within Fandom, led to notable departures such as editors and producers, with Giant Bomb temporarily halting operations in response. The company operates in the digital media and entertainment information industry, managing a vast network of fan wikis.

Personalis representing approximately 30% of its workforce on 2023-01-19.