Layoffs Roundup: Wed 4/29/20

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Although the number of new startup layoffs thankfully declined this past week, there were deep cuts from companies like Lyft, TripAdvisor, and Deliveroo.

Below are a few of the recent layoffs. You can check our tracker for a more comprehensive report. As always, if you’ve seen a layoff spreadsheet for any of these companies, please let us know!

🏢 Lyft ∙ 🌎 SF Bay Area ∙ 👩982 employees (17%) ∙ 🔗Source

  • Ridesharing company Lyft has seen demand drop as people stay at home. Rival Uber is reportedly discussing a layoff as well (to the tune of 5,000 people), though those cuts have not been finalized.

🏢 TripAdvisor ∙ 🌎 Boston ∙ 👩900 employees (25%) ∙ 🔗Source

  • In conjunction with the layoff, TripAdvisor closed its San Francisco and downtown Boston offices. It is also pausing 401(k) matching 😢and reducing pay and hours to reflect a 4-day workweek. TripAdvisor became the latest travel company to conduct layoffs, joining Sonder (400 laid off on 3/24), TripActions (300 on 3/25), TravelTriangle (250 on 3/28), and Fareportal (200 on 3/26).

🏢 Deliveroo ∙ 🌎 London ∙ 👩 367 employees (15%) ∙ 🔗Source

  • An online food delivery service, Deliveroo blamed the layoff on the coronavirus pandemic. Although demand for meal delivery has risen due to shelter-in-place, consumers may increasingly decide to save money by cooking instead, something my wife told me I should also consider.

🏢 Automation Anywhere ∙ 🌎 SF Bay Area ∙ 👩 260 employees (10%) ∙ 🔗Source

  • A robotic process automation platform, Automation Anywhere said it needed to cut costs to adjust to the economic fallout caused by COVID-19. Although a startup that automates repetitive manual tasks would seemingly benefit from the pandemic, most of Automation Anywhere’s customers have its software installed on their own servers, in their own offices (that are now closed).

🏢 StockX ∙ 🌎 Detroit ∙ 👩 100 employees (12%) ∙ 🔗Source

  • A resale marketplace for sneakers, StockX has been negatively impacted by the plummeting demand for sneakers during the economic slowdown. The resale price of the 2020 Off-White Air Jordan V, for example, has dropped from a high of $986 to a low of $657 (which still sounds really expensive??)

🏢 Zenefits ∙ 🌎 SF Bay Area ∙ 👩 87 employees (15%) ∙ 🔗Source

  • A maker of HR and payroll software, Zenefits cited the coronavirus pandemic as the cause of the layoff. The company is running a number of coronavirus-related initiatives, including offering one year of free payroll for small business customers.

🏢 App Annie ∙ 🌎 SF Bay Area ∙ 👩 80 employees (18%) ∙ 🔗Source

  • A mobile analytics startup, App Annie said the layoff would help it become self-sufficient.

🏢 Sisense ∙ 🌎 New York City ∙ 👩 80 employees (9%) ∙ 🔗Source

  • A maker of business analytics software, Sisense is projecting lower growth due to economic slowdown. Accordingly, its cuts were reportedly concentrated in their sales and marketing teams.

🏢 WeWork ∙ 🌎 SF Bay Area ∙ 👩 74 employees ∙ 🔗Source

  • Beleaguered co-working company WeWork is laying off another 74 employees, including 60 from its 655 Montgomery St. location. WeWork had already cut thousands of employees in prior rounds of layoffs.

🏢 Oscar Health ∙ 🌎 New York City ∙ 👩 70 employees (5%) ∙ 🔗Source

  • A health insurance company, Oscar Health said the layoff was needed to meet budget goals. The company, co-founded by Josh Kushner (whose brother is President Trump’s son-in-law), has been criticized for potential conflicts of interest related to COVID-19 testing.
Clearbit

Clearbit conducted a layoff

Layoff list, ,

🌎 San Francisco ∙ 👩 At least 12 employees ∙ 🖥 All departments

Clearbit, a marketing company that performs customer data enrichment, conducted a layoff last week, according to multiple employee posts on LinkedIn. See link below 👇for an opt-in spreadsheet of people laid off, including several SF-based engineers.

View list of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Eventbrite

Second list of ex-Eventbrite employees emerges

Layoff list, , ,

🌎 San Francisco, Nashville ∙ 👩 500 employees (45%) ∙ 🖥 All departments

We previously mentioned that Eventbrite, the ticketing and events website, laid off 45% of its employees (500 people). We’ve now come across a second opt-in list of employees laid off. See below link 👇for the new list as well as the first one we posted previously.

View official list of employees laid off ->

View unofficial list of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Yelp

Another Yelp layoff list emerges with 23 laid-off engineers

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🌎 San Francisco, NYC, Chicago ∙ 👩 1,000 employees (17%) ∙ 🖥 All departments

We previously mentioned that Yelp, the local business reviews website, laid off 1,000 employees (17%) and furloughed another 1,100. We’ve now come across a second opt-in list of employees laid off, containing 23 engineers in San Francisco (and a handful of other roles). See below link 👇for the new list as well as the first one we posted previously.

View list #1 of employees laid off ->

View list #2 of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Magic Leap

Magic Leap laid off 1,000 employees

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🌎 Miami ∙ 👩 1,000 employees (50%) ∙ 🖥 All departments

Magic Leap, one of the most prominent augmented reality startups, laid off 1,000 employees (50%) last week. It joins Groupon, Toast, and Yelp as companies that have laid off over 1,000 people since COVID-19. If you’re recruiting, see below link 👇for an opt-in list of employees laid off. There are over 100 engineers on the list, mostly in Florida (but also a handful of other locations).

View list of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Grailed

Men’s clothing marketplace Grailed conducted a layoff

Layoff list, ,

🌎 New York City ∙ 👩 At least 12 employees ∙ 🖥 All departments

Grailed, an online marketplace for men’s clothing, conducted a layoff last week, according to a high-ranking HR employee. If you’re recruiting, see link below👇for a spreadsheet of employees laid off.

View list of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Matterport

Matterport laid off 90 employees

Layoff list, ,

🌎 SF Bay Area, Chicago, London ∙ 👩 90 employees (34%) ∙ 🖥 All departments

Matterport, a 3D imaging platform, laid off roughly 90 employees (34%) earlier this month, according to multiple employees. An HR representative provided Layoffs.fyi with a spreadsheet of people laid off (if you’re recruiting, see link below👇).

View list of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Wonder

Research service Wonder conducted a layoff

Layoff list,

🌎 New York City ∙ 👩 At least 38 employees ∙ 🖥 All departments

Wonder, which offers a network of researchers, conducted a layoff earlier this month, according to sources close to the company. If you’re recruiting, see link below👇for a spreadsheet of employees laid off.

View list of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Zum

Kid-friendly ride service Zum conducts layoff

Layoff list, ,

🌎 SF Bay Area∙ 👩 At least 28 employees ∙ 🖥 All departments

Zum, a children’s transportation service, conducted a layoff earlier this week, according to sources close to the company. If you’re recruiting, see link below👇for a spreadsheet of employees laid off. School closures have negatively affected services like Zum and rival HopSkipDrive, who also did a layoff.

View list of employees laid off ->

See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.

Layoffs Roundup: Thurs 4/23/20

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Almost 300 startups have now laid off nearly 30,000 employees since the coronavirus pandemic began.

Below are a few notable layoffs from this past week. You can check our tracker for a more comprehensive report. As always, if you’ve seen a layoff spreadsheet for any of these companies, please let us know!

🏢 Magic Leap ∙ 🌎 Miami ∙ 👩 1,000 employees (50%) ∙ 🔗Source

  • One of the most prominent augmented reality startups, Magic Leap decided to abandon its consumer business and instead focus on enterprise use cases. Despite raising over $2 billion in funding, the company has found it challenging to release a mainstream product or generate meaningful revenue.

🏢 Lending Club ∙ 🌎 SF Bay Area ∙ 👩 460 employees (30%) ∙ 🔗Source

  • An online lender, Lending Club said its layoff was the result of tightening credit markets and a drop in demand for personal loans, the company’s flagship product.

🏢 Houzz ∙ 🌎 SF Bay Area ∙ 👩 155 employees (10%) ∙ 🔗Source

  • An online platform for home remodeling, Houzz said that social distancing measures has led to lower demand for its pro subscriptions, which connect home remodeling professionals with potential customers. Houzz is providing laid-off employees with severance packages based on tenure and 3 months of benefits.

🏢 CarGurus ∙ 🌎 Boston ∙ 👩 130 employees (13%) ∙ 🔗Source

  • A marketplace for cars, CarGurus said that dealers have been forced to close due to stay-at-home orders, “effectively pausing vehicle sales.”

🏢 Greenhouse Software ∙ 🌎 New York City ∙ 👩 120 employees (28%) ∙ 🔗Source

  • A maker of applicant tracking software, Greenhouse is the latest recruiting startup to conduct a layoff. Competitor Lever laid off 86 employees (40%) a week before. Greenhouse is offering laid-off employees 8 weeks of severance and 8 months of healthcare.

🏢 ConsenSys ∙ 🌎 New York City ∙ 👩 91 employees (14%) ∙ 🔗Source

  • An incubator of Ethereum projects, ConsenSys cited the coronavirus pandemic as the cause of its layoff. However, the company did not elaborate on exactly how the pandemic has affected its business.

🏢 Casper ∙ 🌎 New York City ∙ 👩 78 employees (21%) ∙ 🔗Source

  • A direct-to-consumer mattress startup, Casper also decided to close its European operations. The company hopes the job cuts will help it achieve profitability by mid-2021. One laid-off employee said, “though I am unsure what tomorrow holds, I do know that before tomorrow must come a good night’s sleep.”

🏢 Freshbooks ∙ 🌎 Toronto ∙ 👩 38 employees (9%) ∙ 🔗Source

  • An accounting software company, Freshbooks said its small business customers have been affected by the economic fallout caused by the coronavirus. Freshbooks was planning to raise additional capital before COVID-19, suggesting that one motivation for the layoff was to extend the company’s cash runway.

🏢 Sweetgreen ∙ 🌎 Los Angeles ∙ 👩 35 employees (10%) ∙ 🔗Source

  • A fast casual salad chain, Sweetgreen’s business has plummeted because of shelter-in-place. An employee said that app order volume has fallen by 2/3. Sweetgreen raised $150 million in funding last year, becoming possibly the only salad restaurant ever to raise venture capital.

🏢 Patreon ∙ 🌎 SF Bay Area ∙ 👩 30 employees (13%) ∙ 🔗Source

  • Patreon, which enables artists and creators to accept money from their fans, said that the layoff was caused by “several other factors beyond the financial ones.” It cited a recent performance review cycle and a new company strategy, in addition to the current economic uncertainty.

🏢 People.ai ∙ 🌎 SF Bay Area ∙ 👩 30 employees (18%) ∙ 🔗Source

  • A maker of predictive sales software, People.ai denied that the coronavirus pandemic has had any negative effect on its business. It said the layoff was simply to protect against future uncertainty. As would be expected of a sales startup, People.ai also listed multiple examples of how the company is in an extremely strong position.

🏢 Lambda School ∙ 🌎 SF Bay Area ∙ 👩 19 employees ∙ 🔗Source

  • A training program for aspiring software engineers, Lambda School said the layoff was meant to reflect a shift in priority away from growth and towards student experience. The startup has recently received criticism for the quality of its program and for engaging in misleading marketing.