Category: Layoff list

Zomato

Zomato layoff list continues trend of company-launched talent directories

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🌎 Gurugram ∙ 👩 520 employees (13%) ∙ 🖥 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 👇). 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.

View list of employees laid off ->

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

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🌎 San Francisco Bay Area ∙ 👩 Company shutdown (100%) ∙ 🖥 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 👇) that dates back to February, but it’s unclear how many of the folks on this list are still looking for jobs.

View list of employees laid off ->

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

Newfront Insurance

Newfront Insurance layoff list released

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🌎 San Francisco Bay Area ∙ 👩 94 employees ∙ 🖥 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 👇), 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.

View list of employees laid off ->

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

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🌎 San Francisco Bay Area ∙ 👩 1,550 employees ∙ 🖥 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 👇). 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.

View official list of employees laid off ->

View unofficial list of employees laid off ->

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”

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🌎 San Francisco ∙ 👩 62 employees (15%) ∙ 🖥 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 👇 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.

View list of employees laid off ->

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

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🌎 San Francisco ∙ 👩 23 employees (25%) ∙ 🖥 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 👇).

View list of employees laid off ->

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

Airmap

Drone startup AirMap conducts layoff

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🌎 Los Angeles, Austin ∙ 👩 At least 13 employees ∙ 🖥 All departments

AirMap, an airspace services platform for unmanned aircraft, announced that it was reducing staff and cutting non-core initiatives. Two sources tell Layoffs.fyi that around 30% of the team was let go. One laid-off employee says that 28 people were affected, and that the layoffs are effective as of May 15.

See link below 👇 for an opt-in spreadsheet of 13 employees laid off, including 9 engineers in Santa Monica and Austin.

View list of employees laid off ->

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

Agoda

Agoda laid off 1,500 employees, launches public alumni directory

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🌎 Malaysia, Thailand ∙ 👩 1,500 employees (25%) ∙ 🖥 All departments

Agoda, an Asian hotel booking website, laid off 1,500 employees (25%) aross 30 countries last week. Its CEO said that most of the cuts were in Agoda’s Customer Experience Group, but that product, IT, finance, partner services, marketing and Rocketmiles were also affected.

Agoda is a subsidiary of Booking Holdings, which also owns Priceline, Kayak, OpenTable, and Booking.com. Last month, Kayak and OpenTable laid off or furloughed 400 employees.

Even though many Asian countries are now recovering from COVID-19, Agoda cited a deep and prolonged impact on the travel industry.

The company launched an official Agoda talent directory to support departing employees (see link below 👇 ). The Agoda layoff list features over 400 ex-employees, mostly in Southeast Asia.

View list of employees laid off ->

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

Dotscience

DevOps startup Dotscience shuts down

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🌎 London ∙ 👩 10+ employees (100%) ∙ 🖥 All departments

Dotscience, which makes DevOps tools for machine learning, shut down this week. The company said it ran out of money and was unable to secure additional financing.

In a blog post announcing the shutdown (see link below 👇), Dotscience listed 10 laid-off employees seeking new roles, including 7 engineers.

View list of employees laid off ->

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

Samsara

Samsara lays off 300 employees, launches public alumni directory

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🌎 San Francisco Bay Area, Atlanta ∙ 👩 300 employees (18%) ∙ 🖥 All departments

Samsara, which makes Internet-connected sensors that help industrial companies optimize their operations, laid off 300 employees yesterday (18%). The company also raised $400 million at a lower valuation ($5.4 bn) than the one from its September raise ($6.3 bn).

Samsara blamed the economic downturn for its layoff without specifying details, though its down round suggests that the company was operating without enough cash to last through the pandemic.

Samsara is also implementing other cost-cutting measures such as slashing executive salaries by 30% for the rest of the year, cutting non-essential spending, and freezing hiring for 6 months.

Following the example set by Airbnb and Uber, the company launched an official Samsara talent directory (see link below 👇 ). The Samsara layoff list features 100 ex-employees, mostly in the Bay Area.

View list of employees laid off ->

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