Layoff Events

Fintech giant Block, the parent company of Cash App and Square, laid off 931 employees on Tuesday, March 25, 2025, representing approximately 8% of its workforce. In an email to staff, CEO Jack Dorsey explained the cuts were driven by shifting strategic needs and performance management, not financial pressures or AI replacement. The layoffs were categorized into three groups: 391 roles eliminated for strategic reasons, 460 for performance-related issues, and 80 managers to flatten the company's hierarchy. Additionally, Block is closing 748 open positions. This marks the second major round of layoffs for the company since January 2024.

Prefect laid off 20 employees on 2025-03-25.

Niantic, the augmented reality gaming company known for Pokémon GO, laid off approximately 230 employees, which represents about 25% of its workforce. The layoffs, announced in June 2023, were part of a strategic restructuring to focus on core game development and reduce operational costs amid shifting market conditions in the gaming industry. The company, which operates at a large scale with popular titles, cited the need to streamline its portfolio and prioritize key projects to ensure long-term sustainability.

Acxiom, a data and marketing services company under the Interpublic Group (IPG), has laid off more than 130 employees, representing approximately 3.5% of its global workforce of 3,800. The staff reductions, announced in March 2025, are part of a broader restructuring effort within the advertising and marketing industry as companies adapt to evolving market demands and technological shifts. As a major player in the data analytics and marketing sector, Acxiom's move reflects ongoing adjustments to streamline operations and enhance efficiency in a competitive landscape.

Video streaming company Brightcove is laying off 198 U.S.-based employees, representing about two-thirds of its domestic workforce of roughly 300. This follows its February acquisition by Italian app developer Bending Spoons in a $233 million deal. The layoffs, announced in a state filing, will occur between mid-March and the end of July, with 65 positions cut in Massachusetts. Brightcove, founded in 2004 and headquartered in Boston, had over 600 employees globally as of late 2023. The restructuring is part of the transition following the acquisition by the new parent company.

The Cybersecurity and Infrastructure Security Agency (CISA) laid off 130 probationary employees in February as part of the Trump administration's push to slash the federal workforce. A federal court later ruled the layoffs unlawful, ordering reinstatement, and CISA is now scrambling to contact the affected former employees.

HelloFresh, the global meal kit delivery company, is laying off 273 employees as it closes its distribution center in Grand Prairie, Texas, effective May 13, 2025. This workforce reduction is part of a consolidation effort to merge operations into its more technologically advanced facility in Irving, Texas. The move aims to improve profitability and optimize the company's operational footprint in North America as the meal kit market normalizes post-pandemic. HelloFresh is focusing on diversifying its product offerings and driving profitable growth. The company is providing financial support and relocation opportunities to the impacted workers. This follows similar recent staffing adjustments in Arizona as HelloFresh works to turn around its financial results.

Following its $120 million acquisition by cybersecurity firm Armis earlier in March 2025, Israeli industrial cybersecurity startup Otorio has laid off 45 employees, representing more than half of its staff. The layoffs, part of a post-acquisition restructuring, affected 25 employees in Israel, with cuts spanning sales, marketing, finance, and HR, while Armis retained 35 development personnel. Otorio, founded in 2018, specialized in securing operational technology for critical sectors like energy and manufacturing. The integration aims to enhance Armis's industrial security offerings as it pursues an aggressive growth strategy ahead of a planned IPO.

Israeli cybersecurity startup ActiveFence, which specializes in monitoring and combating malicious online content, has laid off 22 employees, constituting 7% of its workforce. The layoffs, announced in March 2025, are part of a broader streamlining effort as the company adjusts its operations in the current market. ActiveFence, valued at over $500 million, continues to grow and recruit globally while focusing on its mission to protect users from online harms such as disinformation and fraud.

Elon Musk's Department of Government Efficiency (DOGE) has laid off more than a hundred employees at the U.S. cybersecurity agency CISA, including red team staffers and incident response workers, in late February and early March, as part of ongoing federal cuts under the new administration.

Arrival, the UK-based electric vehicle startup once valued at $13 billion, has ceased operations and laid off all but one of its remaining staff following the collapse of two last-minute sale deals in early 2025. This final shutdown comes after the company entered administration in early 2024. The layoffs effectively represent a near-total workforce reduction from the 74 employees still working as of August the previous year, as the company had already cut half of its 800 employees in early 2023. The failure of the sales, attributed to bidders' own financing issues, marks the end for the ambitious EV maker, which aimed to revolutionize van manufacturing with micro-factories but struggled with missed targets and collapsed funding. This event is part of a broader downturn in the European EV and battery sector.

Israeli AI startup D-ID is laying off 22 employees, representing a quarter of its global workforce of 88, as part of an efficiency drive. The layoffs, announced on March 10, 2025, affect mostly staff in Israel. This move comes just days after the company secured a strategic partnership with Microsoft to integrate its interactive avatar technology. D-ID, which specializes in AI for corporate applications like customer experience and marketing, stated the restructuring aims to streamline operations and prepare for accelerated growth.

Zonar Systems on 2025-03-09.

Wayfair laid off 340 employees on 2025-03-07.

TikTok is planning to cut around 300 jobs at its Dublin headquarters in April as part of a global restructuring announced in February. The layoffs affect approximately 10% of the nearly 3,000 employees at its Irish operation. While the company has not officially confirmed the exact number, Ireland's Minister for Enterprise acknowledged the notification and expressed support for the impacted workers, noting that TikTok remains a significant employer in the country. The tech industry continues to see workforce adjustments amid broader economic and strategic shifts.

Hewlett Packard Enterprise (HPE) is laying off 2,500 employees, representing about 5% of its workforce, as part of a cost-cutting initiative announced in early 2025. The company, a major data center equipment maker with approximately 61,000 employees, is implementing these reductions over the next 18 months to achieve $350 million in gross savings by fiscal 2027. This decision follows weak financial guidance and challenges in the server market, including heavy discounting on traditional servers and an inventory buildup for AI systems due to a shift to next-generation Nvidia GPUs. The layoffs reflect broader efforts to streamline operations amid market pressures.

LiveRamp, a SaaS company in the data connectivity and identity resolution industry, has laid off approximately 65 full-time employees, representing about 5% of its full-time workforce. This strategic restructuring, announced in early March 2025, is part of the company's broader efforts to streamline operations and focus on its core business objectives. The move comes as the firm aims to enhance efficiency and position itself for future growth in a competitive market.

The Trump administration has fired a number of National Science Foundation employees with AI expertise, threatening the agency's ability to sustain key AI research. The layoffs have led to postponed or canceled review panels, stalling funding for AI projects, and have been criticized by AI experts including Geoffrey Hinton.

Rec Room, a social gaming platform and virtual community, has laid off 16% of its workforce. This reduction, announced in a message to employees, affects many talented individuals and is attributed to significant market shifts, including slowed gaming industry growth, higher interest rates, and a more challenging fundraising environment. To ensure long-term success, the company is adjusting its financial strategy, moving from a model of frequent fundraising to budgeting for extended runway. Impacted employees are being offered three months of paid severance, six months of healthcare premium coverage, and outplacement support. The decision reflects the company's effort to navigate current economic headwinds while maintaining its mission as a creative and social hub for millions of users.

Ola Electric, the Indian electric vehicle major led by Bhavish Aggarwal, is planning to lay off more than 1,000 employees and contract workers as part of a major restructuring effort to control costs and stem rising financial losses. This marks the company's second significant round of job cuts in less than five months, following the dismissal of around 500 employees in November 2024. The latest layoffs affect multiple departments, including procurement, fulfilment, customer relations, and charging infrastructure, and account for over a quarter of its reported workforce of approximately 4,000 as of March 2024. The move comes amid a challenging period for the company, which reported a 50% surge in losses to INR 564 crore in the December quarter, driven by declining revenue and intense competition in the electric two-wheeler market.

Flipkart has decided to shut down its subsidiary ANS Commerce, a full-stack e-commerce enabler, and is laying off employees as part of the wind-down. This closure comes three years after Flipkart's acquisition of the Gurugram-based company, despite ANS Commerce reporting a 39.4% increase in operating revenue to Rs 54 crore in FY24. The decision was driven by the unit's widening net losses, which reached Rs 73.8 crore, indicating significant financial challenges. The move, confirmed in early March 2025, represents a strategic shift for Flipkart within the competitive e-commerce and technology services industry, impacting the team that supported major brands.

Grubhub laid off 500 employees representing approximately 23% of its workforce on 2025-02-28.

HP is undertaking a significant workforce reduction as part of its ongoing restructuring plan, with the company confirming it will lay off approximately 4,000 to 6,000 employees over the next three years. This represents about 10% of its global workforce, which totals around 61,000 people. The layoffs, announced in late 2022, are driven by efforts to cut costs and streamline operations amid challenging market conditions in the technology and personal computing industry. As a major multinational corporation in the IT hardware sector, HP aims to achieve substantial savings through this restructuring while navigating a slowdown in demand for PCs and printers.

Autodesk, the San Francisco-based design software company, announced layoffs affecting 1,350 employees, which represents 9% of its total workforce. The decision, made as part of a broader organizational transformation, aims to optimize the company's go-to-market strategy amid a shift toward direct billing and self-service sales models. CEO Andrew Anagnost cited the need to enhance customer satisfaction and productivity while maintaining competitiveness in cloud computing and AI. The layoffs, which include facility reductions, are expected to incur restructuring costs of $135 million to $150 million. This move aligns with a trend of workforce reductions across the tech industry, as companies adjust to evolving market demands and economic conditions.

Google is implementing workforce adjustments, including offering voluntary buyouts to U.S.-based employees in its "People Operations" (HR) division and laying off some staff in its cloud unit, particularly in operations support. These moves are part of internal reorganizations aimed at operating more efficiently and reinvesting savings into critical areas like AI infrastructure, sales, and engineering. The decision follows CFO Anat Ashkenazi's emphasis on cost-cutting as Google ramps up AI spending in 2025, after the company reported Q4 revenue that missed expectations. While the exact number of affected employees isn't specified, the tech giant, which operates at a massive scale, is supporting impacted workers with severance packages and opportunities to apply for other roles within the company.

Digimarc laid off 90 employees representing approximately 40% of its workforce on 2025-02-27.

Expedia on 2025-02-26.

Boston-based payments company Flywire is laying off 125 employees, representing 10% of its 1,250-person workforce, as a cost-saving measure in response to a significant slowdown in international student visa approvals. The company, which specializes in cross-border tuition payments, saw its stock plummet after reporting weaker-than-expected revenue growth for late 2024 and a subdued 2025 outlook. This downturn is primarily driven by restrictive visa policies in key markets like Canada and Australia, which account for about 15% of Flywire's revenue, with similar pressures anticipated from potential U.S. policy changes under a Trump administration. The layoffs, announced in early 2025, reflect broader challenges in the fintech and education technology sectors as the company adjusts to external market pressures beyond its control.

Dayforce representing approximately 5% of its workforce on 2025-02-26.

Commercetools, a headless commerce platform valued at $1.9 billion, has laid off dozens of employees, including a round affecting around 10% of its staff on February 26, 2025, after failing to meet aggressive sales growth targets. The layoffs, part of a broader restructuring in marketing, sales, and internal operations, follow executive changes and reflect challenges in the e-commerce industry post-pandemic. While the company disputes figures beyond the recent cuts, sources suggest reductions over several weeks may total up to 20% of staff, with Commercetools maintaining 25-30 open roles amid the adjustments.

eBay is conducting its fourth round of layoffs in Israel, affecting approximately 20 employees, which represents about 10% of its 250-person workforce in the country. The exact number is pending finalization after hearings. This move is part of the e-commerce giant's ongoing global restructuring efforts, with previous layoffs occurring in February 2023, December 2023, and June 2024. The company's Israeli R&D center in Netanya, established after the acquisition of Shopping.com in 2005, continues its operations amid these adjustments.

Israeli cybersecurity firm Skybox Security has ceased operations and laid off all 300 of its employees, including approximately 100 in Israel and 200 in the United States. The company, which was acquired by rival Tufin, officially shut down on February 24, 2025, leaving workers without their final paychecks. The closure, attributed to insolvency and mounting debts, marks a dramatic end for the company and serves as a cautionary tale within the competitive cybersecurity industry.

HerMD representing approximately 100% of its workforce on 2025-02-24.

NetEase, a major Chinese technology and gaming company, implemented a round of layoffs affecting an unspecified number of employees. The exact scale, including the total workforce impacted and the percentage, was not publicly detailed in the available report. The restructuring appears to be part of broader efficiency measures within the competitive internet and gaming industry. The move reflects ongoing adjustments in the tech sector as companies streamline operations.

Denver-based digital marketing and cash-back rewards company Ibotta has laid off approximately 8% of its workforce. The cuts, which occurred in February, were part of a broader restructuring effort, though the exact number of employees affected and the company's total headcount were not specified in the report. This move aligns with a trend of workforce adjustments within the technology and marketing sectors as companies navigate economic pressures and strategic shifts. The layoffs were noted alongside other significant employment changes in Colorado, including federal workforce reductions.

Zendesk laid off 51 employees on 2025-02-21.

Electriq Global, an Israeli hydrogen energy startup founded in 2013, has collapsed under nearly $30 million in debt despite raising $25 million. The company, which operated in the green energy sector, has seen its workforce drastically reduced from about 30 employees to just six, representing an 80% layoff. This severe downsizing and the company's entry into court-supervised rehabilitation were triggered by financial difficulties after a key €25 million investment from a Dutch investor was frozen due to the security situation and war in Israel. The crisis culminated in February 2025 when employees petitioned the court over unpaid January salaries, leading to a freeze on proceedings and the appointment of a trustee.

SeatGeek laid off 150 employees representing approximately 15% of its workforce on 2025-02-20.

Riskified, a publicly traded fraud prevention software company in the e-commerce industry, is laying off dozens of employees, including staff in Israel, as it continues to struggle with growth and profitability. The company, which currently employs around 700 people, saw its valuation drop from $3.3 billion at its 2021 IPO to about $930 million. Despite generating approximately $320 million in annual revenue, its growth has been modest at around 10% last quarter, and it has yet to achieve profitability. The layoffs, announced in February 2025, reflect ongoing challenges in streamlining operations and improving financial performance.

Vendease, a Y Combinator-backed Nigerian food procurement startup, has laid off 120 employees, representing 44% of its workforce, as part of a second round of restructuring aimed at achieving profitability and extending its financial runway. This move, announced on February 19, 2025, follows a previous layoff of 68 staff in September 2024. Facing macroeconomic challenges like naira devaluation and rising inflation, the company is shifting toward a more capital-efficient model, including monetizing its buy-now-pay-later service and implementing AI for automation, while seeking a Series A extension round to support its operations in the competitive food delivery and e-commerce industry.

British fact-checking startup Logically has laid off approximately 40 employees, representing about 20% of its workforce, which previously stood around 200. The cuts, announced in February 2025, are part of a global cost-cutting and restructuring effort as the company shifts to a more product-led business model. Founded in 2017, Logically gained prominence by combating online misinformation using AI and data analysis, with operations in the UK, US, and India. The anti-misinformation firm, backed by investors like the Amazon Alexa Fund, stated the move was necessary to streamline operations for long-term success, despite the difficult decision.

Electric aircraft startup Eviation has laid off most of its staff as it struggles to secure new funding, according to media reports from February 2025. The company, a pioneer in developing all-electric aircraft like its nine-seater Alice prototype, took this drastic measure to preserve resources while evaluating future opportunities. This comes amid a challenging period for innovative aerospace startups, with several other eVTOL developers also facing severe financial difficulties in early 2025. The layoffs reflect the immense capital and endurance required to bring a new aircraft from concept to certification.

In January 2025, Nigerian mobility financing startup Metro Africa Xpress (MAX) laid off approximately 150 employees, representing 30% of its workforce. This restructuring was part of the company's strategic pivot to focus exclusively on financing electric vehicles (EVs), moving away from its previous mix of electric and internal combustion engine vehicles. The layoffs, which were effective immediately, came alongside other cost-saving measures as MAX embarks on an ambitious plan to finance 120,000 EVs across Nigeria, Ghana, and Cameroon—a significant expansion requiring substantial capital. The company, which has raised about $63 million since 2019, cited the transition as necessary for its future, offering affected employees support like health insurance and job placement assistance but no monetary severance.

Block CEO Jack Dorsey announced on Thursday, February 13, 2025, that the company will cut about 4,000 jobs, framing the move as a shift in operations due to the increasing centrality of artificial intelligence in business decisions, rather than just cost-cutting.

Blue Origin, the aerospace company founded by Jeff Bezos, is laying off more than 1,000 employees, representing about 10% of its workforce. The announcement was made in an email to staff on February 13, 2025, as the company finalizes its annual operating plan. CEO David Limp stated the cuts will affect positions in engineering, research and development, and program management, while also thinning management layers. This restructuring aims to reduce bureaucracy and refocus the organization on ramping up manufacturing and increasing launch frequency, following the recent debut of its New Glenn orbital rocket. The layoffs reflect a strategic shift to align the workforce with the company's priorities in the competitive space industry.

Cybersecurity firm Sophos, headquartered in the U.K., is laying off approximately 6% of its combined workforce following its recent $859 million acquisition of U.S.-based Secureworks. The company confirmed the cuts in February 2025, attributing them to the delisting of Secureworks as a public company and the need to streamline duplicate roles created by the merger. While Sophos did not disclose the exact number of employees affected or its total headcount, this move comes after a previous 10% reduction in 2023 aimed at balancing growth and profitability. The layoffs reflect ongoing consolidation and restructuring within the cybersecurity industry.

Getaround, a peer-to-peer car-sharing platform, has laid off approximately 30% of its workforce, affecting around 150 employees. This significant reduction is part of a strategic restructuring aimed at accelerating the company's path to profitability. The layoffs, announced in early 2024, reflect broader challenges in the mobility and tech sectors as companies adjust to economic pressures. As a mid-sized company in the competitive sharing economy, Getaround is streamlining operations to focus on core markets and sustainable growth.

London-based fintech Zepz, the parent company of WorldRemit, is laying off approximately 200 IT employees, which represents about 20% of its global workforce of 1,000. The layoffs, part of a broader cost-cutting initiative announced in January, affect roles in database administration, development operations, and software engineering. The company cites the completion of its replatforming efforts, enhanced by automation and AI, as reducing the need for certain technical capacities. As part of this restructuring, Zepz is also proposing the closure of its business units in Kenya and Poland, aiming to streamline operations to support its long-term strategic goals and sustainable growth in the competitive digital remittances industry.

Redfin, a major online real estate marketplace, is laying off approximately 450 employees as part of a restructuring of its rentals segment. This workforce reduction, announced in February 2025 and to be completed by July, follows a new exclusive partnership where Zillow will provide multifamily rental listings for Redfin's platforms. The strategic move, involving a $100 million payment from Zillow, aims to allow Redfin to focus on other services like lending and title operations. This constitutes the company's third and largest round of layoffs in recent months, reflecting ongoing adjustments in the competitive real estate tech industry.

Unity, the game engine software company, has initiated another round of layoffs, notifying affected employees via email as early as 5 AM local time. While the exact number of impacted workers is not specified, the cuts reportedly include entire departments, such as the Behavior team responsible for NPC scripting tools. This follows a period of significant turmoil for Unity, including a major layoff of 25% of its workforce (approximately 1,800 employees) in January 2024, office closures, and the controversial rollout of its Runtime fee policy in late 2023, which sparked developer backlash and leadership changes. The latest reductions, reported in February 2025, reflect ongoing struggles to stabilize the company.