Here’s a recap of the startup layoffs from this past week. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!
As always, the Layoffs.fyi Tracker maintains a comprehensive list of all startup layoffs since COVID-19. There’s now a new “Layoff Charts” tab too 📈! Check it out for real-time graphs of startup layoffs by month, industry, and location — all updated automatically.
And if you’re into data visualization, the team at Bloomberg made some cool graphics today using Layoffs.fyi data.
🏢 Uber India ∙ 🌎 Bengaluru ∙ 👩 600 employees (23%) ∙ 🔗Source
- Ridesharing company Uber said that the cuts in India were part of its broader plan to reduce workforce. Laid-off employees will receive at least 10 weeks of severance and 6 months of healthcare coverage. Uber’s main competitor in India, Ola, laid off 1,400 employees last week.
🏢 Cvent ∙ 🌎 Washington D.C. ∙ 👩 400 employees (10%) ∙ 🔗Source
- An event management platform, Cvent has been deeply impacted by the widescale decline of in-person meetings and events. Its CEO said that its customers are in many of the industries that have been hit hardest by COVID-19: event planning, hospitality, and corporate travel. The company is shifting its own flagship event in August to be completely virtual.
🏢 Instructure ∙ 🌎 Salt Lake City ∙ 👩 150 employees (12%) ∙ 🔗Source
- A provider of learning management software, Instructure is also closing its satellite offices (including Chicago, Seattle, San Diego, and London) in favor of its Salt Lake City headquarters. Instructure was acquired by a private equity firm in March. Even though the new owner reportedly promised it wouldn’t shrink staff, it’s not too surprising that a layoff happened anyway, given the propensity of PE firms to cut costs.
🏢 Bluprint ∙ 🌎 Denver∙ 👩 137 employees (100%) ∙ 🔗Source
- A provider of online crafts classes, Bluprint will be shutting down by the end of August. Originally named Craftsy and acquired by NBCUniversal in 2017, Bluprint’s layoffs will begin around July 22 and end when operations are closed.
🏢 Glitch ∙ 🌎 New York City ∙ 👩 18 employees (36%) ∙ 🔗Source
- A collaborative coding platform, Glitch cited market conditions as context for the layoff and said it needed to “significantly cut operating costs” to ensure “long-term viability.” The company is offering severance pay, health insurance, and support finding a new job to laid-off employees.
🏢 Acorns ∙ 🌎 Portland ∙ 👩 Unknown # of employees ∙ 🔗Source
- An app that lets users invest their spare change, Acorns is shutting down its Portland office and consolidating staff to its Irvine headquarters. Some employees will be moving locations, though one source tells Layoffs.fyi that others are being laid off. Acorns inherited the Portland office in 2017 after acquiring retirement savings startup Vault, and subsequently grew the office to around 30 people.