Layoffs continue to ripple through the startup ecosystem. Notable events from the past 2 days include a 35% layoff from Opendoor and a 30% layoff from VSCO.
Below are a few other recent layoffs. Check our tracker for a comprehensive report. If you’ve seen a layoff spreadsheet for any of these companies, please let us know so we can help the affected people!
- The RealReal, an online marketplace for consigned luxury goods, laid off 10% of its employees and furloughed another 15%. Retailers and e-commerce companies have been among the hardest hit by the coronavirus pandemic, due to stay-at-home orders and a pullback in consumer discretionary spending.
- 🌎 SF Bay Area ∙ 👩 235 employees (10%) ∙ 🔗Source
- GoPro, which makes action cameras, said it will cut over 200 employees. With fewer opportunities to sell through retail stores, the company will shift its focus to selling directly online.
- 🌎 SF Bay Area ∙ 👩 200 employees (20%) ∙ 🔗Source
- Zume, which uses robots to make pizza while it’s being delivered, laid off 2/3 of its team. The CEO decided against using similarly-named Zoom to announce the layoff, choosing instead to send out a company-wide email.
- 🌎 SF Bay Area ∙ 👩 200 employees (67%) ∙ 🔗Source
- Carta, which makes software that helps companies manage the equity they’ve issued to investors and employees, laid off 161 people (16%). It believes a slower economy will lead to fewer customers than originally projected. Carta is providing affected employees 3 months of pay and healthcare insurance until the end of the year.
- 🌎 SF Bay Area ∙ 👩 161 employees (16%) ∙ 🔗Source
- TouchBistro, a point-of-sale system for restaurants, laid off 131 employees (23%). Most of its restaurant customers have closed due to shelter-in-place.
- 🌎 Toronto ∙ 👩 131 employees (23%) ∙ 🔗Source
- Neon, a Brazil-based digital bank, laid off 70 employees (10%). Other Brazilian fintech startups like C6 Bank and Creditas have also recently conducted layoffs.
- 🌎 Sao Paulo ∙ 👩 70 employees (10%)∙ 🔗Source
- Envoy, which makes a front desk visitor sign-in system, laid off 30% of its staff (58 employees). Its business has been affected by office closures across the country.
- 🌎 SF Bay Area ∙ 👩 58 employees (30%) ∙ 🔗Source