Airbnb

Airbnb launches talent directory of laid-off employees

🌎 SF Bay Area βˆ™ πŸ‘© 1,900 employees (25%) βˆ™ πŸ–₯ All departments

We previously mentioned that Airbnb laid off 1,900 employees (25%) on Tuesday. The company has now launched an official Airbnb talent directory containing details of over 500 ex-Airbnb employees. The directory can be filtered by location and function.

See below link πŸ‘‡for the official Airbnb layoff list, as well as an unofficial Airbnb layoffs list that we posted previously.

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.

Layoffs Roundup: Thurs 5/7/20

This week saw huge layoffs from Uber, Airbnb, and Juul. These 3 layoffs rank among the top 10 biggest in tech since the coronavirus was declared a pandemic.

Below are a few of the startup layoffs from this past week. Check out our tracker for a more comprehensive list. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

🏒 Uber βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘©3,700 employees (14%) βˆ™ πŸ”—Source

  • Ridesharing service Uber laid off 3,700 employees from its customer support and recruiting teams. The CEO’s letter to staff strongly hints that more cuts are coming in the next two weeks, including in engineering and product. As many as 5,400 employees are expected to ultimately be laid off.

🏒 Juul βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘©900 employees (30%) βˆ™ πŸ”—Source

  • A maker of e-cigarettes, Juul has been mired in controversy over its role in the rise of underage vaping. Its layoff is unrelated to the coronavirus. Juul is also planning to move its headquarters from San Francisco to Washington D.C., partially because its products are now banned in SF.

🏒 CureFit βˆ™ 🌎 Bengaluru βˆ™ πŸ‘© 800 employees (16%) βˆ™ πŸ”—Source

  • An India-based fitness startup, CureFit also permanently closed a number of its gyms. The coronavirus lockdown has crushed fitness companies, including U.S.-based ClassPass (53% of team laid off or furloughed) and Brazil-based Gympass (467 employees laid off).

🏒 Careem βˆ™ 🌎 Dubai βˆ™ πŸ‘© 536 employees (31%) βˆ™ πŸ”—Source

  • A ridesharing service acquired by Uber last year, Careem was one of the Middle East’s biggest startups. However, its business has dropped 80% post-coronavirus. Laid-off employees will receive at least 3 months of severance, 1 month of equity vesting, and extended visa and health insurance through 2020.

🏒 Namely βˆ™ 🌎 New York City βˆ™ πŸ‘© 160 employees (40%) βˆ™ πŸ”—Source

  • A maker of HR and payroll software, Namely noted that its SMB customers have been downsizing as a result of the pandemic. This has led to lower revenue for Namely, which makes money in part via a per-employee monthly fee.

🏒 Kayak / OpenTable βˆ™ 🌎 Stamford βˆ™ πŸ‘© 160 employees (8%) βˆ™ πŸ”—Source

  • Kayak and OpenTable, both subsidiaries of Booking Holdings Inc., laid off 160 employees and furloughed another 240 employees. The company’s revenue has “dropped tremendously from the COVID-19 crisis.”

🏒 Oyo βˆ™ 🌎 London βˆ™ πŸ‘© 150 employees βˆ™ πŸ”—Source

  • The self-proclaimed “world’s fastest growing hotel chain,” India-based Oyo plans to lay off 150-200 of its 300 employees in the UK. Oyo has already let go or furloughed thousands of employees globally in recent months. Its occupancy rate and revenue have dropped by over 50-60% since earlier this year.

🏒 Andela βˆ™ 🌎 New York City βˆ™ πŸ‘© 135 employees (10%) βˆ™ πŸ”—Source

  • An Africa-focused startup that provides “engineering as a service,” Andela expects a decline in customers due to the economic downturn. The company is also shifting its strategy from acting as a talent accelerator to serving as a talent outsourcing firm. No engineers were part of the layoff.

🏒 Care.com βˆ™ 🌎Boston βˆ™ πŸ‘© 81 employees βˆ™ πŸ”—Source

  • An online marketplace of caregivers, Care.com said its layoff was not related to the coronavirus. Rather, the cuts are the result of Care.com’s acquisition by IAC in February.

🏒 Stack Overflow βˆ™ 🌎 New York City βˆ™ πŸ‘© 40 employees (15%) βˆ™ πŸ”—Source

  • A popular Q&A site for engineers, Stack Overflow has been hardest hit in its Talent business, which helps companies recruit and hire developers. Most of the affected employees were furloughed, though some were permanently laid off.

🏒 TheSkimm βˆ™ 🌎 New York City βˆ™ πŸ‘© 26 employees (20%) βˆ™ πŸ”—Source

  • A media startup targeted towards millennial women, TheSkimm is offering laid-off employees at least one month of severance and health insurance through July. Digital media companies have suffered declining revenue as brands pull back on advertising during the economic slowdown.
Airbnb

Airbnb laid off 1,900 employees

🌎 SF Bay Area βˆ™ πŸ‘© 1,900 employees (25%) βˆ™ πŸ–₯ All departments

Airbnb, the home sharing startup, laid off 1,900 employees (25%) on Tuesday. In conjunction with the layoff, the company is pausing initiatives like Transportation and Airbnb Studios, and scaling back Hotels and Lux.

Laid-off U.S. employees will receive a very generous severance package of at least 14 weeks of base pay and 12 months of health insurance. The company also said that “we’re allowing everyone leaving to keep their Apple laptops” — which either means that PC owners aren’t eligible, or that no Airbnb employees use a Windows machine?

UPDATE: Added link to a second opt-in list of employees laid off

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.

Uber and Airbnb’s layoffs rank as two of the biggest in tech since COVID-19

This morning, Uber announced it was laying off 3,700 employees (14%) in its customer support and recruiting teams. The CEO’s letter to staff strongly hints that more cuts are coming in the next two weeks. As many as 5,400 employees are expected to ultimately be laid off.

Yesterday, Airbnb laid off 1,900 employees (25%) across all teams. It expects revenue to fall by more than half in 2020 as global travel stays frozen.

This means that in the past two days alone, we’ve seen two of three biggest tech layoffs since the coronavirus was declared a pandemic on March 11:

Company# Laid Off%IndustryDate
Uber3,70014%Transportation5/6
Groupon2,80044%Retail4/13
Airbnb1,90025%Travel5/5
Toast1,30050%Food4/7
Yelp1,00017%Consumer4/9
Magic Leap1,00050%Consumer4/22
Lyft98217%Transportation4/29
TripAdvisor90025%Travel4/28

Not surprisingly, nearly all of these mass layoffs — including Uber’s and Airbnb’s — can be attributed to shelter-in-place orders. Our previous analysis showed that 2/3 of startup employees laid off have come from industries directly affected by shelter-in-place, such as transportation, travel, real estate, food, and fitness. The layoffs have hurt sales and customer success roles most.

Unfortunately, more big layoffs are still to come. Juul is reportedly planning to lay off 800 to 950 employees, roughly one-third of staff. WeWork, which has already cut thousands of employees across multiple rounds of layoffs, expects to continue making cuts through the end of May. Square has managed to avoid a layoff so far, but remains exposed to small business customers in food and retail that have been shutting down en masse.

Our live Layoffs Tracker is tracking all startup layoffs, and has now tallied over 42,000 employees laid off across 374 companies. Best wishes to those affected and here’s hoping that we reach the bottom soon.

Bullhorn

Bullhorn laid off 100 employees

🌎 Boston βˆ™ πŸ‘© 100 employees βˆ™ πŸ–₯ All departments

A maker of CRM software, Bullhorn laid off 100 employees last Thursday, according to a LinkedIn post from its CEO. Bullhorn primarily serves staffing and recruiting companies, which have seen dramatic revenue declines as hiring slows down.

Bullhorn’s CEO took the extra step of sharing an opt-in list of employees laid off to help them find new opportunities. See below link πŸ‘‡for the list.

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.

Lime

Lime laid off 80 employees

🌎 SF Bay Area βˆ™ πŸ‘© 80 employees (13%) βˆ™ πŸ–₯ All departments

Lime, the scooter rental startup, laid off 80 employees (13%) last week. The company said it’s had to “pause operations in 99% of markets worldwide to support cities’ efforts at social distancing.” Lime previously cut 100 workers and shut down 12 markets in January before the coronavirus pandemic.

View the link below πŸ‘‡for an opt-in list of Lime employees laid off.

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

Cargurus

CarGurus laid off 130 employees

🌎 Boston βˆ™ πŸ‘© 130 employees (13%) βˆ™ πŸ–₯ All departments

CarGurus, a marketplace for cars, laid off 130 employees (13%) last month. The company said that dealers have been forced to close due to stay-at-home orders, β€œeffectively pausing vehicle sales.” Despite reducing marketing spend and offering a 50% billings discount to help its dealer partners, CarGurus wasn’t able to avoid laying off staff.

Click the link below πŸ‘‡for a list of CarGurus employees who are open to being contacted about job opportunities.

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

Lyft

Lyft laid off 982 employees

🌎 SF Bay Area βˆ™ πŸ‘© 982 employees (17%) βˆ™ πŸ–₯ All departments

Lyft, the ridesharing startup, laid off 982 employees (17%) yesterday and furloughed 288 more. Rival Uber is reportedly discussing a layoff as well (to the tune of 5,000 people), though those cuts have not been finalized. Lyft and Uber’s revenue have fallen by more than 50% as a result of the coronavirus pandemic.

See below link πŸ‘‡for an opt-in list of Lyft employees laid off, including 35 engineers.

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

TripAdvisor

TripAdvisor laid off 900 employees

🌎 Greater Boston Area, NYC, SF βˆ™ πŸ‘© 900 employees (25%) βˆ™ πŸ–₯ All departments

Online travel company TripAdvisor laid off 900 employees (roughly 25%). In conjunction, the company is shutting down its San Francisco and downtown Boston offices.

TripAdvisor becomes the latest travel company to conduct layoffs post COVID-19, joining Sonder (400 employees laid off), TripActions (300 employees), TravelTriangle (250 employees), and Fareportal (200 employees). Two-thirds of all startup layoffs since the coronavirus pandemic have come from industries directly affected by shelter-in-place orders.

See below link πŸ‘‡for an opt-in list of nearly 400 recent TripAdvisor alumni.

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.