Category: Layoff list

Monzo

Monzo launches layoff list amid multiple rounds of layoffs

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🌎 London ∙ 👩 Hundreds of employees ∙ 🖥 Multiple departments

A London-based digital bank, Monzo laid off 120 of its U.K. employees in June and 165 of its Las Vegas employees in April. The company also previously furloughed 295 U.K. employees.

To help its laid-off employees find new roles, Monzo created a talent directory (see link 👇) . It’s not clear whether the directory is meant to cover the company’s previous layoffs, or if there’s been a new round in July. In a LinkedIn post, an employee on Monzo’s talent team alludes to “saying goodbye to some incredibly valued colleagues at Monzo right now.”

As consumers pull back on spending, Monzo generates less revenue from the interchange fees on its debit card products. The company recently raised £60 million at a 40% lower valuation to its prior round last year.

The Monzo layoff list features 24 ex-employees, many of whom are engineers and designers.

View list of employees laid off ->

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

Intercom

Intercom launches layoff list after laying off 39 employees

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🌎 San Francisco ∙ 👩 39 employees (6%) ∙ 🖥 Multiple departments

A maker of customer messaging software, Intercom laid off 39 employees in May. The company said it was also relocating 47 roles in its marketing and R&D teams from San Francisco to Dublin.

Yesterday the company began publicizing an Intercom Talent Directory to help affected employees find new opportunities (see link 👇). The Intercom layoff list features 25 ex-employees across multiple functions, including 7 engineers in San Francisco.

View list of employees laid off ->

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

Andela

Andela layoff list emerges after it laid off 135 employees

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🌎 Nairobi, Lagos, Kigali, Kampala, New York City ∙ 👩 135 employees ∙ 🖥 Multiple departments

An Africa-focused startup that provides “engineering as a service” to other companies, Andela laid off 135 employees in May. The company cited a decline in customers due to the economic downturn. Andela is also shifting its strategy from acting as a talent accelerator to serving as a talent outsourcing firm.

The Andela layoff list features 59 former engineers and 30 non-engineers (see link below 👇). Most are based in Africa, though a few are located in New York City.

View list of engineers laid off ->

View list of non-engineers laid off ->

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

Sharethrough

Adtech startup Sharethrough lays off 18 employees

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🌎 San Francisco ∙ 👩 18 employees (22%) ∙ 🖥 Sales and marketing

Sharethrough, a digital advertising exchange, laid off 18 employees today (22%). The downsizing primarily affected the company’s sales and marketing teams.

In a blog post, Sharethrough said that its business has been impacted by COVID-19, though there were signs of recovery in June. Brands have been pulling back their advertising spending during the economic slowdown, triggering layoffs at digital advertising firms as well as media companies dependent on ad revenue.

Sharethrough and other ad exchanges may be facing other headwinds beyond economic conditions. Recent initiatives by Apple and Google to restrict data tracking in browsers and mobile apps have the potential to severely shake up an entire advertising ecosystem that depends on this data to target and attribute digital ads. While Sharethrough did not cite this as a factor for its layoff, the company previously shut down its European operations due to restrictions in ad tracking imposed by GDPR.

To help laid-off employees, Sharethrough put together an opt-in list that it shared with Layoffs.fyi (see link below 👇).

View list of employees laid off ->

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

Dark

Programming service Dark releases layoff list

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🌎 San Francisco Bay Area ∙ 👩 At least 6 employees ∙ 🖥 Engineering

UPDATE: Dark’s co-founder Paul Biggar clarified to Layoffs.fyi that the company will continue operating, with Paul as the sole employee.

Dark, a programming language and service, released a layoff list last week. The Dark layoff list features 4 engineers, 1 designer, and 1 business person. All of them are either remote or in the San Francisco Bay Area.

Dark’s LinkedIn page no longer lists any active employees other than the founders, suggesting that the entire company has shut down. Dark raised a $3.5 million seed round in 2017.

View list of employees laid off ->

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

Sprinklr

Official Sprinklr layoff list surfaces

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🌎 New York City ∙ 👩 At least 30 employees ∙ 🖥 Multiple departments

Sprinklr, a customer experience management platform with a $1 billion+ valuation, conducted a layoff in late May, according to multiple LinkedIn posts.

Yesterday the company began promoting a Sprinklr Talent Directory for employees “impacted due to COVID-19” (see link 👇). The Sprinklr layoff list features 30 ex-employees from multiple functions across the country, with a bent towards customer success roles.

View list of employees laid off ->

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

Grab

Official Grab layoff list released following 360-person layoff

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🌎 Singapore, Indonesia ∙ 👩 360 employees (5%) ∙ 🖥 Multiple departments

Grab, the largest ride-hailing startup in Southeast Asia, laid off 360 employees last week. Grab is the latest in the category to cut staff, following layoffs at Uber (U.S.), Lyft (U.S.), Ola (India), and Careem (Middle East). Grab mentioned it would be sunsetting non-core projects and redeploying staff to focus on its delivery business.

Grab is offering laid-off employees a host of transition benefits, including severance pay of 1.5 months plus half a month for every 6 months of service, health insurance coverage through the end of 2020, waiver of the annual cliff on equity vesting, and outplacement support from the company’s Talent Acquisition team.

The company also created a Grab Talent Directory that launched today (see link 👇). The Grab layoff list features nearly 100 ex-employees, mostly in Singapore and Indonesia.

View list of employees laid off ->

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

Deliveroo

Deliveroo layoff list showcases over 100 of its global employees

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🌎 London, Dubai, Taipei ∙ 👩 367 employees (15%) ∙ 🖥 Multiple departments

London-based Deliveroo, a food delivery startup that operates in 13 markets globally, laid off 367 employees in late April. At the time, the company was vague about the reasons for the layoff, but it’s widely speculated that the unprofitability of food delivery startups combined with pandemic-induced restaurant closures has led to troubles across the category.

On LinkedIn, the company has been promoting an official Deliveroo talent directory that showcases some of its laid-off employees (see link 👇). The Deliveroo layoff list contains over 100 former employees, primarily in London, Dubai, and Taipei.

View list of employees laid off ->

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

Conga

Conga lays off 11% following merger with Apttus

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🌎 Denver ∙ 👩 11% of staff ∙ 🖥 Multiple departments

Conga, which makes document generation software for Salesforce customers, laid off 11% of its staff last Monday, according to an internal email reviewed by Layoffs.fyi.

The company announced last month that it was merging with competitor Apttus in a reported $715 million deal. Last week’s layoff, which affected the combined entity, was the result of role redundancies caused by the merger.

Conga said that laid-off employees would be offered severance pay and transition resources, including 1:1 help with resume preparation and interviewing skills. The company has also created an opt-in alumni talent directory (see link 👇).

The Conga layoff list currently contains 44 ex-employees across the country, primarily in Professional Services, Customer Success, Sales, and Sales Engineering.

View list of employees laid off ->

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

StubHub

StubHub shifts 200 of its furloughed employees into permanent layoffs

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🌎 San Francisco ∙ 👩 200 employees ∙ 🖥 Multiple departments

Back in March when the coronavirus first became a pandemic, online ticket marketplace StubHub furloughed 450 employees (2/3 of its North American workforce). Now, the company says that 200 of those employees will be permanently laid off, as live events continue to be shut down.

Due to their increased risk of disease transmission, mass gatherings like concerts and sports games will be one of the last activities to be reopened. It follows that ticket marketplaces like StubHub are among the tech businesses worst-affected by the coronavirus. Just weeks before the pandemic, Viagogo agreed to acquire StubHub from eBay for $4 billion, a deal which Forbes recently dubbed the “Worst. Deal. Ever.” due to its unfortunate timing.

In the wake of the restructuring, the company created an official StubHub talent directory “for recruiters and hiring managers to easily sort through the skills and experience of this community” (see link 👇).

The StubHub layoff list currently contains 72 ex-employees, primarily in San Francisco.

View list of employees laid off ->

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