Grab

Official Grab layoff list released following 360-person layoff

🌎 Singapore, Indonesia βˆ™ πŸ‘© 360 employees (5%) βˆ™ πŸ–₯ 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 πŸ‘‡). The Grab layoff list features nearly 100 ex-employees, mostly in Singapore and Indonesia.

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

🌎 London, Dubai, Taipei βˆ™ πŸ‘© 367 employees (15%) βˆ™ πŸ–₯ 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 πŸ‘‡). The Deliveroo layoff list contains over 100 former employees, primarily in London, Dubai, and Taipei.

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

🌎 Denver βˆ™ πŸ‘© 11% of staff βˆ™ πŸ–₯ 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 πŸ‘‡).

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

Source: Google Sheets

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

🌎 San Francisco βˆ™ πŸ‘© 200 employees βˆ™ πŸ–₯ 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 πŸ‘‡).

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

Source: StubHub.com

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Zomato

Zomato layoff list continues trend of company-launched talent directories

🌎 Gurugram βˆ™ πŸ‘© 520 employees (13%) βˆ™ πŸ–₯ Multiple departments

An India-based restaurant guide and food delivery startup, Zomato laid off 520 employees in mid-May due to huge declines in food delivery activity. The company also said that remaining staff members would be subject to temporary pay cuts starting in June.

In order to help ex-employees land on their feet, Zomato created an official talent directory (see link πŸ‘‡). In a tweet, the company’s CEO put in a “humble request to all organizations that are hiring to review the Zomato Talent Directory.”

The official Zomato layoff list contains almost 300 ex-employees spanning multiple business functions. Other startups that have launched internally-developed alumni talent directories include Airbnb, Uber, Samsara, and Agoda.

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

Stockwell Logo

Stockwell AI is shutting down on July 1

🌎 San Francisco Bay Area βˆ™ πŸ‘© Company shutdown (100%) βˆ™ πŸ–₯ All departments

A smart vending machine startup, Stockwell AI says it will be shutting down on July 1. The vending machine industry has suffered business losses of up to 90%, due to sanitation concerns during COVID-19 and the trend of people staying at home.

Stockwell has a layoff list (see link πŸ‘‡) that dates back to February, but it’s unclear how many of the folks on this list are still looking for jobs.

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

Newfront Insurance

Newfront Insurance layoff list released

🌎 San Francisco Bay Area βˆ™ πŸ‘© 94 employees βˆ™ πŸ–₯ All departments

Newfront Insurance, a commercial insurance brokerage, laid off 94 employees in April. The company said at the time that the layoff was concentrated in its engineering, recruiting, strategic growth, and operations teams. It added that the cuts were “business-related and not in any way reflective of these individuals’ performance.”

On Friday, the company released a Newfront Alumni List (see link πŸ‘‡), designed to “keep track of the talented people now looking for their next adventure.” The official Newfront layoff list contains 23 ex-employees actively looking for a job, mostly from their Operations and People & Talent functions.

Newfront offered laid-off employees severance packages and extensions of the exercise window on stock options. The company also said it slashed most of its executive pay by 20% and cut its co-founders’ salaries to zero.

Source: Coda.io

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

Juul

Juul layoff list emerges; 1,550+ employees have been cut in the past year

🌎 San Francisco Bay Area βˆ™ πŸ‘© 1,550 employees βˆ™ πŸ–₯ All departments

Juul, a maker of e-cigarettes, laid off 900 employees (30%) last month in a move unrelated to the coronavirus. The company has been mired in controversy over its role in the rise of underage vaping.

Juul also laid off 650 employees last October, bringing the total number of employees cut in the past year to 1,550.

In the wake of these layoffs, two separate lists of ex-Juul employees have emerged (see links below πŸ‘‡). The official Juul Labs Alumni List contains 49 ex-employees actively looking for a job, though not all are from the most recent round of layoffs. The unofficial Juul layoff spreadsheet contains 79 ex-employees, but most were from last October’s layoff and may have already found new jobs.

Source: Coda.io

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

Brex

Brex laid off 62 employees to “prioritize building over growing”

🌎 San Francisco βˆ™ πŸ‘© 62 employees (15%) βˆ™ πŸ–₯ All departments

Brex, which provides credit cards to other startups, announced Friday that it laid off 62 employees (15%). Brex said it was “restructuring the company to prioritize building over growing over the next year” due to the economic fallout from the coronavirus pandemic.

The company’s customers are predominantly other startups. As startups reduce their spending or go out of business, Brex makes less money from the interchange fees on its credit card product.

Brex is providing laid-off employees with 8 weeks of severance pay and health insurance through the end of 2020. The company is also waiving its 1-year equity cliff and extending the exercise period on vested stock options. Employees will be allowed to keep their company-issued computer.

See link below πŸ‘‡ for an opt-in spreadsheet of employees laid off. 8 individuals were listed as of early Monday morning, but more may be added over time.

Source: Coda.io

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

PayJoy

EXCLUSIVE: Fintech startup PayJoy laid off 23 employees

🌎 San Francisco βˆ™ πŸ‘© 23 employees (25%) βˆ™ πŸ–₯ All departments

PayJoy, a lending startup that enables customers without a bank account or credit history to buy smartphones on installment payments, laid off 23 employees (25%) on April 28. A company executive tells Layoffs.fyi that the employees’ last day will be on June 30.

PayJoy told employees that despite a very strong Q1, the company expects a large and uncertain impact on its revenue and fundraising prospects for the next year due to COVID-19. The layoff was intended to extend its cash buffer to weather the economic fallout from the pandemic. PayJoy has raised $71 million in equity and debt financing from Greylock, Union Square Ventures, and others.

The company shared with Layoffs.fyi a spreadsheet of 21 affected employees, including 12 in Engineering, that are open to being contacted about career opportunities (see link below πŸ‘‡).

Source: Google Sheets

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