Layoffs Roundup: Thurs 5/14/20

This past week saw layoffs from a number of notable startups, including 4(!) data analytics companies (Mixpanel, Segment, Mode Analytics, and ThoughtSpot).

Check out our tracker for a more comprehensive list. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

🏒 Stone βˆ™ 🌎 Sao Paulo βˆ™ πŸ‘©1,300 employees (20%) βˆ™ πŸ”—Source

  • A Brazilian payments processor, Stone has seen a decline in the volume of credit and debit card transactions processed by the company. Warren Buffett’s Berkshire Hathaway owns 8% of Stone, which held a hotly-anticipated IPO in 2018.

🏒 Jump βˆ™ 🌎 New York City βˆ™ πŸ‘©500 employees (100%) βˆ™ πŸ”—Source

  • As part of Uber’s $170 million investment in Lime, Uber is offloading money-losing subsidiary Jump, an e-bike and e-scooter startup it acquired in 2018. Reports suggest that all 400-500 Jump employees were laid off, though some were offered interview opportunities at Lime.

🏒 Glassdoor βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 300 employees (30%) βˆ™ πŸ”—Source

  • An online job board, Glassdoor is the latest recruiting startup to announce layoffs. ZipRecruiter, Greenhouse, Lever, and Triplebyte have all made cuts in recent weeks due to the slowing pace of hiring across the country. Affected employees will receive at least 3 months of severance, accelerated vesting through the severance period, and reimbursed health insurance through the end of 2020.

🏒 Flatiron School βˆ™ 🌎 New York City βˆ™ πŸ‘© 100 employees (31%) βˆ™ πŸ”—Source

  • A coding bootcamp acquired by WeWork in 2017, Flatiron School is closing its Atlanta and London campuses, as well as its design program, in conjunction with the layoff. The cuts were focused on Flatiron School’s design and marketing teams, and come on top off the thousands already laid off by parent company WeWork.

🏒 Zeus Living βˆ™ 🌎 New York City βˆ™ πŸ‘© 73 employees (50%) βˆ™ πŸ”—Source

  • A corporate housing startup, Zeus Living’s 50% layoff comes two months after it already laid off 30% of its team. Last week the company was forced to raise funding at almost half its valuation from December. The company expects revenue to decline by 45% due to the slowdown of business travel caused by COVID-19.

🏒 Mixpanel βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 65 employees (19%) βˆ™ πŸ”—Source

  • An analytics tool that measures user engagement, Mixpanel’s layoff spanned across sales, marketing and G&A positions. No roles in engineering, product, or design were affected. Half of the layoffs were in San Francisco.

🏒 SalesLoft βˆ™ 🌎 Atlanta βˆ™ πŸ‘© 55 employees βˆ™ πŸ”—Source

  • SalesLoft said that the users of its sales engagement software have been getting laid off, causing SalesLoft itself to do a layoff. The event is an example of the second-order effects of the economic fallout caused by the coronavirus.

🏒 Segment βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 50 employees (10%) βˆ™ πŸ”—Source

  • A data analytics startup, Segment cited economic conditions as the reason for its layoff, but did not elaborate further.

🏒 Cadre βˆ™ 🌎New York City βˆ™ πŸ‘© 28 employees (25%) βˆ™ πŸ”—Source

  • An online marketplace for commercial real estate investments, Cadre has been hurt by the sudden slowdown in the real estate market. The company is offering laid-off employees health insurance through the end of 2020 and an extension of the post-termination exercise period on vested stock options to two years.

🏒 Kickstarter βˆ™ 🌎 New York City βˆ™ πŸ‘© 25 employees (18%) βˆ™ πŸ”—Source

  • A crowdfunding platform, Kickstarter lost not only the 25 employees it laid off, but also an additional 30 employees that accepted its voluntary separation package. One of the few tech companies whose employees are unionized, Kickstarter is offering departed employees 4 months of severance, 4-6 months of health insurance, a release from non-compete obligations, and priority consideration if the eliminated position re-opens within a year.

🏒 Mode Analytics βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 17 employees βˆ™ πŸ”—Source

  • A business intelligence tool, Mode Analytics laid off 17 employees across sales, marketing, support, engineering, product, and recruiting.