🌎 San Francisco, Salt Lake City, Rio de Janeiro ∙ 👩 161 employees (16%)∙ 🖥 All departments
Carta, which makes software that helps companies manage the equity they’ve issued to investors and employees, laid off 161 people (16%) last week. Carta is providing affected employees 3 months of pay and healthcare insurance until the end of the year — one of the more generous packages I’ve seen.
UPDATE: The link to Carta’s layoff spreadsheet has been removed upon their request.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
🌎 San Francisco Bay Area ∙ 👩 13 employees ∙ 🖥 All departments
Trove Recommerce, which helps retail brands manage their resale programs, laid off 13 employees last week, according to a company executive. The company provided us an opt-in spreadsheet of employees laid off. See below link👇if you’re recruiting in the Bay Area.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
277 startup layoffs since COVID-19. Those who have been following Layoffs.fyi know that layoffs have felt like almost an hourly occurrence.
One month into the coronavirus pandemic, I decided to analyze the data to better understand: what factors make a layoff more likely? Can you predict whether a startup will need to do a layoff?
Read more to find out how you can evaluate the likelihood of a startup layoff:
🌎 San Francisco, Phoenix ∙ 👩 108 employees (30%)∙ 🖥 All departments
Turo, a car-sharing company, laid off 108 employees (30%) last month. We now have access to an opt-in spreadsheet of employees laid off (see below link👇). Consumers are no longer renting cars due to shelter-in-place orders, leading to layoffs not only at Turo but also at competitors Getaround and Zipcar.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
🌎 Salt Lake City ∙ 👩 30 employees (20%) ∙ 🖥 All departments
Nav, which offers a variety of credit solutions to small businesses, laid off 30 employees (20%), according to a former employee. See below link👇for a partial list of employees laid off in Salt Lake City. As the economy slows down due to the coronavirus, fintech startups that make money off commissions or transactions have experienced several layoffs.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
🌎 New York City ∙ 👩 120 employees (28%)∙ 🖥 All departments
Greenhouse, which makes applicant tracking software for recruiting, laid off 120 employees (28%) on Friday. It’s the latest recruiting startup to conduct layoffs, following competitor Lever’s layoff of 86 employees (40%) a week before. Greenhouse is offering affected employees 8 weeks of severance and 8 months of healthcare.
UPDATE: The link to Greenhouse’s layoff spreadsheet has been removed upon their request.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
🌎 Chicago, Seattle, SF Bay Area ∙ 👩 2,800 employees (44%) ∙ 🖥 All departments
Groupon, a marketplace for discounts from local businesses, announced Tuesday it was cutting 44% of its team (2,800 employees). See below link 👇for a partial list of 160+ employees laid off, 1/4 of which are engineers. Groupon has seen a “material deterioration” in its business due to the closure of local businesses it works with.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
🌎 New York City ∙ 👩 35 employees (40%) ∙ 🖥 Primarily business roles
Jetty, which sells insurance to renters, laid off 40% of its team (35 employees) earlier this month. See below link👇for a partial list of employees laid off, which skews towards business roles in NYC. Jetty had recently paused sales of new insurance policies due to coronavirus-related underwriting challenges. The company says the layoff was unrelated to the pause.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
Layoffs continue to ripple through the startup ecosystem. Notable events from the past 2 days include a 35% layoff from Opendoor and a 30% layoff from VSCO.
Below are a few other recent layoffs. Check our tracker for a comprehensive report. If you’ve seen a layoff spreadsheet for any of these companies, please let us know so we can help the affected people!
- The RealReal, an online marketplace for consigned luxury goods, laid off 10% of its employees and furloughed another 15%. Retailers and e-commerce companies have been among the hardest hit by the coronavirus pandemic, due to stay-at-home orders and a pullback in consumer discretionary spending.
- 🌎 SF Bay Area ∙ 👩 235 employees (10%) ∙ 🔗Source
- GoPro, which makes action cameras, said it will cut over 200 employees. With fewer opportunities to sell through retail stores, the company will shift its focus to selling directly online.
- 🌎 SF Bay Area ∙ 👩 200 employees (20%) ∙ 🔗Source
- Zume, which uses robots to make pizza while it’s being delivered, laid off 2/3 of its team. The CEO decided against using similarly-named Zoom to announce the layoff, choosing instead to send out a company-wide email.
- 🌎 SF Bay Area ∙ 👩 200 employees (67%) ∙ 🔗Source
- Carta, which makes software that helps companies manage the equity they’ve issued to investors and employees, laid off 161 people (16%). It believes a slower economy will lead to fewer customers than originally projected. Carta is providing affected employees 3 months of pay and healthcare insurance until the end of the year.
- 🌎 SF Bay Area ∙ 👩 161 employees (16%) ∙ 🔗Source
- TouchBistro, a point-of-sale system for restaurants, laid off 131 employees (23%). Most of its restaurant customers have closed due to shelter-in-place.
- 🌎 Toronto ∙ 👩 131 employees (23%) ∙ 🔗Source
- Neon, a Brazil-based digital bank, laid off 70 employees (10%). Other Brazilian fintech startups like C6 Bank and Creditas have also recently conducted layoffs.
- 🌎 Sao Paulo ∙ 👩 70 employees (10%)∙ 🔗Source
- Envoy, which makes a front desk visitor sign-in system, laid off 30% of its staff (58 employees). Its business has been affected by office closures across the country.
- 🌎 SF Bay Area ∙ 👩 58 employees (30%) ∙ 🔗Source
🌎 San Francisco, Phoenix, Atlanta ∙ 👩 600 employees (35%) ∙ 🖥 All departments
Opendoor, which facilitates the buying and selling of residential homes, laid off 35% of its staff yesterday. That amounts to 600 employees, making Opendoor’s layoff the 2nd largest among pre-IPO startups since the coronavirus pandemic (Toast cut 1,300 last week). See below link 👇for an opt-in spreadsheet of employees laid off, spanning multiple functions. Opendoor says laid-off employees will receive 8 weeks of pay and 16 weeks of reimbursement for health insurance.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
