Below is a recap of the layoffs from this past week. Check out the Layoffs.fyi Tracker for a complete list of all tech layoffs during the pandemic.
🏢 Swiggy ∙ 🌎 Bengaluru ∙ 👩 350 employees (5%) ∙ 🔗Source
- Swiggy, a food delivery startup based in India, cut 350 employees in a second round of layoffs. The company previously laid off 1,100 employees in May, but said that this will be the final round. Swiggy said that the food delivery industry has only recovered to about 50% of its peak order volume.
🏢 Procore ∙ 🌎Los Angeles ∙ 👩 180 employees (9%) ∙ 🔗Source
- Procore, which makes construction project management software, laid off 180 employees (9%). Laid-off employees will receive severance pay, health benefits through the end of 2020, computer equipment, and outplacement services. The company filed for an IPO in February.
🏢 tZERO∙ 🌎New York ∙ 👩 Unknown # of employees ∙ 🔗Source
- tZERO, a blockchain startup majority-owned by Overstock.com, laid off an unspecified number of employees. The company aims to cut costs in preparation for an external capital raise.