Layoffs Roundup: Thurs 9/3/20

Below is a recap of the layoffs from this past week. Check out the Tracker for a complete list of all tech layoffs during the pandemic.

🏢 Big Fish Games ∙ 🌎 Seattle ∙ 👩 250 employees ∙ 🔗Source

  • Big Fish Games, a developer of mobile and social casino games, laid off 250 employees despite other gaming companies reporting a surge in sales during the pandemic. Some point to a recent $155 million legal settlement, the result of allegations that the company’s games constituted illegal gambling in Washington, as a reason for the layoff.  For its part, Big Fish Games explained its decision using phrases like “refactoring operations” and “reinforce the company’s positioning for growth.”

🏢 GoBear ∙ 🌎 Singapore ∙ 👩 22 employees (11%) ∙ 🔗Source

  • GoBear, an online financial services “supermarket,” laid off 11% of its employees in offices across the globe. The company now plans to focus on its growth areas of digital lending and insurance brokerage services.  [As an aside, GoBear feels like an ominous name choice for a financial services startup…maybe “bear market” means something different in Southeast Asia?]

🏢 MakeMyTrip ∙ 🌎 New Delhi ∙ 👩 350 employees (10%) ∙ 🔗Source

  • MakeMyTrip, India’s largest online travel booking company, saw revenue slashed to zero during the pandemic. Its founder joked that the company’s Q2 earnings call should’ve been called a “lack of earnings call.” As a result, the company laid off 350 employees, or 10% of its staff, in June. 

🏢 Awok ∙ 🌎 Dubai ∙ 👩 100% of employees ∙ 🔗Source

  • Dubai-based e-commerce startup Awok shut down a year after raising a $30 million Series A. Employees have reported receiving no pay since January and blame company leadership for the shutdown; Awok’s website cites the pandemic as the reason for closing shop.

🏢 kununu ∙ 🌎 Boston ∙ 👩 Unknown # of employees ∙ 🔗Source

  • Kununu, a platform that lets employees rate their employer, discontinued its U.S. operations and shut down its Boston office. Headquartered in Vienna, the company was bought by Linkedin competitor XING for $12.3 million in 2013.

Thanks to intern Stephan Billingslea for contributing to this post.