Layoffs Roundup: Thurs 7/16/20

Below is a recap of the layoffs from this past week. Check out the Layoffs.fyi Tracker for a complete list of all tech layoffs during the pandemic.

In case you missed it — we recently looked at usage data from the Layoffs.fyi List to see what types of laid-off employees were getting the most attention from recruiters. Among the findings: there are 4x as many searches for laid-off engineers as there are for the next most popular function (design). You can read the full analysis here.

🏒 OnDeck βˆ™ 🌎 New York City βˆ™ πŸ‘© 20% of employees βˆ™ πŸ”—Source

  • Small business lending company OnDeck laid off 20% of its staff, two sources told Layoffs.fyi. Finance blog deBanked attempted to email OnDeck’s head of corporate communications for comment, but received an auto-reply saying that he was no longer with the company.

🏒 Yelp βˆ™ 🌎SF Bay Area βˆ™ πŸ‘© 63 employees βˆ™ πŸ”—Source

  • Local reviews site Yelp plans to bring back “nearly all” of the 1,100 employees it furloughed in April, citing “cautious optimism” about the economic recovery. However, 63 employees will be laid off as a result of Yelp’s decision to keep its offices closed into next year.

🏒 Optimizely βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 60 employees (15%) βˆ™ πŸ”—Source

  • A maker of A/B testing software, Optimizely laid off 60 employees (15%). Laid-off employees will receive severance pay and six months of COBRA (through 2020), and will be allowed to keep their laptop.

🏒 Vox Media βˆ™ 🌎 Washington D.C. βˆ™ πŸ‘© Unknown # employees βˆ™ πŸ”—Source

  • Vox Media, the owner of New York Magazine, The Verge, SBNation and Eater, previously furloughed 100 employees in April. Vox is planning to permanently lay off many of those employees, and may cut additional jobs as well. The company plans to miss its 2020 forecast by 25%, due in part to the pandemic’s impact on its coverage areas of sports and real estate.

🏒 Skyscanner βˆ™ 🌎 Edinburgh βˆ™ πŸ‘© 300 employees (20%) βˆ™ πŸ”—Source

  • A flight comparison website based in Scotland, Skyscanner plans to close or scale back many of its global offices outside the U.K. The company’s revenues β€œhave been hit significantly,” and it expects a full recovery to be “several quarters or possibly years away” due to the pandemic’s disruption on travel.

Layoffs Roundup: Thurs 7/9/20

Below is a recap of the layoffs from this past week. Check out the Layoffs.fyi Tracker for a complete list of all tech layoffs during the coronavirus pandemic.

🏒 Oyo USA βˆ™ 🌎 Dallas βˆ™ πŸ‘© Hundreds of employees βˆ™ πŸ”—Source

  • A global lodging company headquartered in India, Oyo permanently laid off a “large majority” of the U.S. employees it furloughed in April. A laid-off employee tells Layoffs.fyi that 90% of the U.S. team was affected, likely numbering hundreds of people. In an internal memo, Oyo’s COO said that its U.S. business is “showing positive signs of recovery.” However, U.S. revenue is still 25% below January’s levels, with global revenue only at ~30% of pre-COVID levels.

🏒 Funding Circle βˆ™ 🌎San Francisco βˆ™ πŸ‘© 85 employees βˆ™ πŸ”—Source

  • A London-based lending platform for small businesses, Funding Circle will lay off 85 U.S. employees to help its U.S. business move towards profitability. The company’s San Francisco technology development team will be consolidated to the U.K., and its sales and marketing operations will be moved to Denver.

🏒 The Wing βˆ™ 🌎 New York City βˆ™ πŸ‘© 56 employees βˆ™ πŸ”—Source

  • A co-working space for women, The Wing laid off an additional 56 employees after cutting half of its team in April. The company’s workspaces continue to be closed due to the pandemic, threatening its primary source of revenue. Laid-off employees will receive two months of severance pay along with extended healthcare benefits.

🏒 Hired βˆ™ 🌎 San Francisco βˆ™ πŸ‘© Unknown # employees βˆ™ πŸ”—Source

  • A hiring marketplace that matches tech companies with job candidates, Hired is the latest recruiting startup to conduct a layoff during the pandemic. The number of employees laid off is unknown, though one Layoffs.fyi source says that at least 5 engineers and possibly up to 50 employees total were affected.

🏒 Kongregate βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 12 employees βˆ™ πŸ”—Source

  • A video game publisher and web gaming portal, Kongregate laid off 12 employees as part of a strategy shift. The company will be focusing more on developing games internally rather than publishing Flash-based games made by others. Kongregate apologized that some employees found out about their layoff through a direct deposit notification.

🏒 Havenly βˆ™ 🌎 Denver βˆ™ πŸ‘© 5 employees βˆ™ πŸ”—Source

  • An online interior design service, Havenly laid off 5 full-time workers and some temp workers in the spring. However, the company has begun hiring again in recent weeks, due to rising demand from people wanting to improve their living space during shelter-in-place.

Layoffs Roundup: Thurs 7/2/20

Below is a recap of the layoffs from this past week. Check out the Layoffs.fyi Tracker for a complete list of all tech layoffs during the coronavirus pandemic.

🏒 Katerra βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 400 employees (7%) βˆ™ πŸ”—Source

  • A tech-driven construction company, Katerra cut 400 employees following a CEO change. The SoftBank-backed company previously laid off 240 employees in April. Katerra said then that stay-at-home orders forced the company to shut down some of its operations. TheRealDeal previously reported cases of cost overruns, delays, and cancellations in Katerra’s construction projects.

🏒 Argo AI βˆ™ 🌎 Munich βˆ™ πŸ‘© 100 employees βˆ™ πŸ”—Source

  • A self-driving car company, Argo AI laid off 100 of the 300 employees in its Munich-based Autonomous Intelligent Driving unit. Argo acquired the AID unit from Volkswagen as part of a $2.6 billion investment in Argo last year.

🏒 Bossa Nova βˆ™ 🌎 Pittsburgh, SF Bay Area βˆ™ πŸ‘© 61 employees βˆ™ πŸ”—Source

  • A maker of robots used in retail stores, Bossa Nova Robotics is terminating or furloughing 61 people. The layoffs affect its Bay Area and Pittsburgh-area staff, and are concentrated in the company’s software and operations teams. No robots were laid off.

🏒 Integrate.ai βˆ™ 🌎 Toronto βˆ™ πŸ‘© 26 employees βˆ™ πŸ”—Source

  • A startup that uses AI to improve customer interactions, Integrate.ai laid off 26 employees as part of a strategy change. The company said it would be focusing fully on its Trusted Signals Exchange offering going forward.

🏒 New Relic βˆ™ 🌎 Portland βˆ™ πŸ‘© 20 employees βˆ™ πŸ”—Source

  • A software performance monitoring tool, New Relic is combining its site engineering team with its core technology platform team. As a result, “less than 20 people” were laid off at its engineering headquarters in Portland.

🏒 Byton βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© Unknown # employees βˆ™ πŸ”—Source

  • A Chinese electric vehicle startup, Byton said last week that it was implementing a layoff in its U.S. office. Later, it emerged that due to financial difficulties exacerbated by the pandemic, Byton will be halting operations entirely for at least six months. The company has yet to ship its first vehicle, a small crossover SUV.

🏒 G2 βˆ™ 🌎 Chicago βˆ™ πŸ‘© Unknown # employees

  • A reviews website for business software, G2 conducted a “significant” workforce reduction, Layoffs.fyi has learned. Multiple employees, particularly in marketing, posted on LinkedIn about being laid off.

Layoffs Roundup: Thurs 6/25/20

Below is a recap of the layoffs from this past week. Check out the Layoffs.fyi Tracker for a complete list of all tech layoffs during the coronavirus pandemic.

In case you missed it, our new Layoffs.fyi Severance Tracker tracks the details of severance packages offered by startups that have done layoffs. You can see how much each company gave in severance pay and healthcare coverage, whether they made any adjustments to employee stock options, and more.

🏒 Intuit βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 715 employees (7%) βˆ™ πŸ”—Source

  • The maker of TurboTax and QuickBooks, Intuit said that staff cuts were needed to better align its team structure with its new strategy of becoming an “AI-driven expert platform.” In a blog post, the company’s CEO repeatedly referred to the layoff as “re-balancing our investments,” though rebalancing typically involves bringing a portfolio back to its original allocation rather than shifting to a new one (but I digress).

🏒 GoDaddy βˆ™ 🌎 Austin βˆ™ πŸ‘© 451 employees (6%) βˆ™ πŸ”—Source

  • Web hosting and domain name provider GoDaddy is closing both of its Austin offices, which housed its GoDaddy Social business unit. 814 employees are impacted in total — of those, 40% were “offered alternate roles” in another location, 331 employees in sales were laid off, and 120 employees from fulfillment and customer success were let go.

🏒 Sonos βˆ™ 🌎 Los Angeles βˆ™ πŸ‘© 174 employees (12%) βˆ™ πŸ”—Source

  • Despite having successfully taken thousands of dollars from my bank account over the years, wireless speaker company Sonos had to lay off 12% of its staff. Sonos is also closing its retail store in New York City and 6 satellite offices.

🏒 ScaleFactor βˆ™ 🌎 Austin βˆ™ πŸ‘© 90 employees (90%) βˆ™ πŸ”—Source

  • Just months after raising a $60 million Series C, automated bookkeeping company ScaleFactor is shutting down. The company said that the pandemic had wiped out half of its sales. Half of ScaleFactor’s 100 employees were laid off immediately, and all but 10 will be let go by the end of August.

🏒 Splunk βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 70 employees (1%) βˆ™ πŸ”—Source

  • A maker of data intelligence software, Splunk eliminated roles within its Product Management, Engineering, and PMO teams, according to an internal email reviewed by Layoffs.fyi.

🏒 Redox βˆ™ 🌎 Madison βˆ™ πŸ‘© 44 employees (25%) βˆ™ πŸ”—Source

  • An API for healthcare data, Redox explained the circumstances surrounding the layoff on its company podcast.

🏒 Atlas Obscura βˆ™ 🌎 New York City βˆ™ πŸ‘© 14 employees (25%)

  • A travel media company that specializes in obscure destinations, Atlas Obscura laid off around 14 employees, two sources told Layoffs.fyi.

Layoffs Roundup: Thurs 6/18/20

Below is a recap of the layoffs from this past week. Check out the Layoffs.fyi Tracker for a complete list of all startup layoffs during the coronavirus pandemic.

In case you missed it, our new Layoffs.fyi Severance Tracker tracks the details of severance packages offered by startups that have done layoffs. You can see how much each company gave in severance pay and healthcare coverage, whether they made any adjustments to employee stock options, and more.

On the whole, our analysis shows that the severance packages in COVID-19 layoffs have been more generous than in a typical employee termination β€” with some offering as much as 20 weeks of pay!

🏒 PaisaBazaar βˆ™ 🌎 Gurugram βˆ™ πŸ‘© 1,500 employees (50%) βˆ™ πŸ”—Source

  • India’s largest online marketplace for lending products, PaisaBazaar’s layoff mostly affected its operations and business acquisitions teams. Paisabazaar has seen demand for new loans drop by almost 90% in some segments. Lenders have become more selective about who they approve, leading to fewer new loans originated. U.S.-based Credit Sesame and LendingClub have suffered from a similar trend here.

🏒 Grab βˆ™ 🌎 Singapore βˆ™ πŸ‘© 360 employees (5%) βˆ™ πŸ”—Source

  • The largest ride-hailing startup in Southeast Asia, 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 also be sunsetting non-core projects and redeploying staff to focus on its delivery business.

🏒 SynapseFI βˆ™ 🌎 SF Bay Areaβˆ™ πŸ‘© 63 employees (48%) βˆ™ πŸ”—Source

  • A startup that provides banking infrastructure to other fintech companies, SynapseFI also said it was shifting its customer-facing operations to San Antonio. Additionally, the company plans to move upmarket to serve larger enterprises, suggesting that its customer base of smaller startups proved to be too risky amid the coronavirus pandemic. In December, the company and its CEO were sued for gender and age discrimination.

Layoffs Roundup: Thurs 6/11/20

Startup layoffs continue to decline! πŸ“‰ This week is on track to extend the 8-week downward trend we highlighted on Monday. For another look, check outΒ TechCrunch’s analysisΒ of the Layoffs.fyi data.

Below is a recap of the layoffs from this past week. If you’ve seen a layoff spreadsheet for any of these companies, please let us know.

As always, the Layoffs.fyi Tracker maintains a comprehensive list of all startup layoffs since COVID-19.

🏒 Lastline βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 50 employees (40%) βˆ™ πŸ”—Source

  • A network security startup, Lastline announced that it is being acquired by VMware. As part of the acquisition, VMware will be laying off 40% of Lastline’s team (around 50 employees).

🏒 The Athletic βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 46 employees (8%) βˆ™ πŸ”—Source

  • A sports news website, The Athletic saw new subscriber growth drop by 20-30% due to the hiatus of live sports. The NBA will be the first major sports league to resume (on July 31), since MLB continues to squabble and can’t get its act together 😑🀬.. Laid-off employees will receive 4 weeks of severance pay, health insurance coverage through the end of the year, full acceleration of unvested stock options, and an extension of the exercise period to one year.

🏒 Builder βˆ™ 🌎 Los Angeles βˆ™ πŸ‘© 39 employees (14%) βˆ™ πŸ”—Source

  • A startup that makes it easy to build software without code, Builder.ai’s layoff was concentrated in its Los Angeles office. In addition, some U.K. staffers were placed on furlough, and remaining employees will be required to take a temporary pay cut. The company has experienced a drop in orders during the pandemic.

🏒 Credit Sesameβˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 22 employees (14%) βˆ™ πŸ”—Source

  • A provider of free credit monitoring, Credit Sesame earns revenue by making commissions from its credit card and loan partners. The company implied that its revenue has been affected by tightening credit markets, which has made it hard for consumers to borrow money or obtain credit. Larger rival Credit Karma announced last month that it was instituting pay cuts of between 15-50% and freezing promotions.

🏒 Ethos Life βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 18 employees (14%) βˆ™ πŸ”—Source

  • A provider of life insurance, Ethos Life said the layoff was caused by “uncertainty with future consumer demand and capital markets.” Ethos had grown its team size from 30 employees in the beginning of 2019 to almost 130 people prior to the layoff.

Layoffs Roundup: Thurs 6/4/20

Here’s a recap of the startup layoffs from this past week. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

See the Layoffs.fyi Tracker for a comprehensive list of all startup layoffs since COVID-19.

🏒 Stitch Fix βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 1,400 employees (18%) βˆ™ πŸ”—Source

  • An online personal styling service, Stitch Fix said it will lay off 1,400 stylist employees in California between now and the end of September. It plans to replace these employees by hiring 2,000 stylists in lower-cost cities over the coming year. Laid-off employees will have the opportunity to relocate; those who don’t will receive 2 weeks or more of severance, extended healthcare, and a bonus for staying through the transition period.

🏒 TrueCar βˆ™ 🌎 Los Angeles βˆ™ πŸ‘© 219 employees (30%) βˆ™ πŸ”—Source

  • An automotive pricing website, TrueCar says the cuts come in anticipation of the termination of its revenue-sharing partnership with USAA. The timing and scope of the layoff was further accelerated by COVID-19. Laid-off employees will receive 13 weeks of base pay plus 1 week for each additional year of service beyond the first, along with healthcare coverage through 2020.

🏒 Monzo βˆ™ 🌎 London βˆ™ πŸ‘© 120 employees (8%) βˆ™ πŸ”—Source

  • A London-based digital bank, Monzo is laying off 120 of its U.K. employees. This comes on top of the 165 employees it laid off when it shut down its Las Vegas customer support office in April. The company also previously furloughed 295 U.K. employees. As consumers pull back on spending, Monzo generates less revenue from the interchange fees on its debit card products.

🏒 Kitty Hawk βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© “Most of” a 70-person team βˆ™ πŸ”—Source

  • Backed by Google co-founder Larry Page, Kitty Hawk is shutting down its electric flying car initiative and laying off most of that team’s 70 employees. However, the company is still working on a different autonomous electric aircraft initiative. Laid-off employees will receive at least 20 weeks of severance based on tenure, along with health insurance coverage through the end of the year.

🏒 Acorns βˆ™ 🌎 Portlandβˆ™ πŸ‘© 55 employees βˆ™ πŸ”—Source

  • Last week, Portland Business Journals reported that Acorns was shutting down its Portland office. A source tells Layoffs.fyi that over 55 employees were laid off as well, and that the support team was offshored. According to the source, Acorns closed both its Portland and Delaware offices and laid off most of its staff in New York.

🏒 Rivian βˆ™ 🌎 Detroit βˆ™ πŸ‘© 40 employees (2%) βˆ™ πŸ”—Source

  • An electric vehicle company, Rivian confirmed it laid off 40 employees in its Plymouth, Michigan office. One laid-off employee tells Layoffs.fyi that the actual number may be higher. In another example of differing accounts, The Verge reported that “former employees say they believe the cuts were related to the stresses of the COVID-19 pandemic, though Rivian says they were performance-based.”

🏒 SpotHero βˆ™ 🌎 Chicago βˆ™ πŸ‘© 40 employees (21%)βˆ™ πŸ”—Source

  • An app that helps people find parking spots, SpotHero has now reduced its staff by 70 employees across two rounds of layoffs since March. Parking solutions are in less demand now that people are staying at home.

🏒 Fundbox βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 14 employees (15%) βˆ™ πŸ”—Source

  • A small business lending company, Fundbox announced a $20 million extension to its $326 million Series C in conjunction with the layoff. The company is also cutting management salaries by an unspecified amount. Fundbox says the COVID-19 crisis has harmed small and medium-sized businesses, which form the core of the company’s customer base.

🏒 MakerBot βˆ™ 🌎 New York City βˆ™ πŸ‘© 12 employees

  • A creator of 3D printers, MakerBot laid off a dozen employees amid declining revenues caused by school closures, according to an internal memo viewed by Layoffs.fyi. MakerBot’s layoff was part of a broader staffing cut by parent company Stratasys, which is laying off 240 employees in total.

Layoffs Roundup: Thurs 5/28/20

Here’s a recap of the startup layoffs from this past week. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

As always, the Layoffs.fyi Tracker maintains a comprehensive list of all startup layoffs since COVID-19. There’s now a new “Layoff Charts” tab too πŸ“ˆ! Check it out for real-time graphs of startup layoffs by month, industry, and location β€” all updated automatically.

And if you’re into data visualization, the team at Bloomberg made some cool graphics today using Layoffs.fyi data.

🏒 Uber India βˆ™ 🌎 Bengaluru βˆ™ πŸ‘© 600 employees (23%) βˆ™ πŸ”—Source

  • Ridesharing company Uber said that the cuts in India were part of its broader plan to reduce workforce. Laid-off employees will receive at least 10 weeks of severance and 6 months of healthcare coverage. Uber’s main competitor in India, Ola, laid off 1,400 employees last week.

🏒 Cvent βˆ™ 🌎 Washington D.C. βˆ™ πŸ‘© 400 employees (10%) βˆ™ πŸ”—Source

  • An event management platform, Cvent has been deeply impacted by the widescale decline of in-person meetings and events. Its CEO said that its customers are in many of the industries that have been hit hardest by COVID-19: event planning, hospitality, and corporate travel. The company is shifting its own flagship event in August to be completely virtual.

🏒 Instructure βˆ™ 🌎 Salt Lake City βˆ™ πŸ‘© 150 employees (12%) βˆ™ πŸ”—Source

  • A provider of learning management software, Instructure is also closing its satellite offices (including Chicago, Seattle, San Diego, and London) in favor of its Salt Lake City headquarters. Instructure was acquired by a private equity firm in March. Even though the new owner reportedly promised it wouldn’t shrink staff, it’s not too surprising that a layoff happened anyway, given the propensity of PE firms to cut costs.

🏒 Bluprint βˆ™ 🌎 Denverβˆ™ πŸ‘© 137 employees (100%) βˆ™ πŸ”—Source

  • A provider of online crafts classes, Bluprint will be shutting down by the end of August. Originally named Craftsy and acquired by NBCUniversal in 2017, Bluprint’s layoffs will begin around July 22 and end when operations are closed.

🏒 Glitch βˆ™ 🌎 New York City βˆ™ πŸ‘© 18 employees (36%) βˆ™ πŸ”—Source

  • A collaborative coding platform, Glitch cited market conditions as context for the layoff and said it needed to β€œsignificantly cut operating costs” to ensure “long-term viability.” The company is offering severance pay, health insurance, and support finding a new job to laid-off employees.

🏒 Acorns βˆ™ 🌎 Portland βˆ™ πŸ‘© Unknown # of employees βˆ™ πŸ”—Source

  • An app that lets users invest their spare change, Acorns is shutting down its Portland office and consolidating staff to its Irvine headquarters. Some employees will be moving locations, though one source tells Layoffs.fyi that others are being laid off. Acorns inherited the Portland office in 2017 after acquiring retirement savings startup Vault, and subsequently grew the office to around 30 people.

Layoffs Roundup: Thurs 5/21/20

The number of newly-reported startup layoffs continues to decline, though each one is now affecting 3x more employees on average. This past week saw a massive layoff from Uber, alongside other notable cuts mentioned below. The total count is now up to 58,000+ startup employees laid off since the coronavirus pandemic began.

Check out the Layoffs.fyi Tracker for a comprehensive list. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

🏒 Ola βˆ™ 🌎 Bengaluru βˆ™ πŸ‘© 1,400 employees (35%) βˆ™ πŸ”—Source

  • An India-based ridesharing company, Ola said revenue has dropped by 95% in the last two months due to stay-at-home orders. Laid-off employees will receive 3 months of severance, along with “healthcare and emotional support until the end of the year.” It’s not clear who will be providing the emotional support.

🏒 Deliv βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 669 employees (100%) βˆ™ πŸ”—Source

  • A service that enables brick-and-mortar stores to offer same-day deliveries, Deliv announced that it was shutting down operations and selling some of its technology to Target. The company is laying off at least 669 workers and will wind down its business over the next 90 days. Even though delivery businesses like Amazon, Target, and Uber Eats are surging during the pandemic, Deliv’s business depends on customers like Best Buy, Macy’s, and Walgreens, who have been severely impacted by shelter-in-place orders.

🏒 Cruise βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 150 employees (8%) βˆ™ πŸ”—Source

  • A self-driving car startup owned by GM, Cruise becomes the most prominent (though certainly not the only) autonomous vehicle company to cut staff. AV companies like Cruise, Zoox, and Ike were already bleeding money with little revenue — now, their vehicles are also sitting idle because social distancing measures mean that backup drivers can’t be used for self-driving tests. Cruise’s layoff largely avoided touching its engineering team.

🏒 SoFi βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 112 employees (7%) βˆ™ πŸ”—Source

  • A personal finance startup, SoFi is positioning its staffing reduction not as a layoff but as a performance-driven cut. The company implied that the employees cut were falling short of their performance expectations. One source told Layoffs.fyi that 37 engineers were affected.

🏒 Quartz βˆ™ 🌎 New York City βˆ™ πŸ‘© 80 employees (40%) βˆ™ πŸ”—Source

  • A business news site, Quartz said its layoff was focused on its advertising department, though over 20 journalists were also affected. The company is planning to transition its business model from advertising-supported to subscription-based. Quartz is led by ace journalist and former Harvard Crimson editor Zach Seward.

🏒 Integral Ad Science βˆ™ 🌎 New York City βˆ™ πŸ‘© 70 employees (10%) βˆ™ πŸ”—Source

  • An ad verification company, Integral Ad Science joins the growing number of ad tech startups (and ad-supported media businesses) confronting a broader pullback in ad spending. Similar companies that have conducted layoffs include Rubicon Project, OpenX, GumGum, TripleLift, VideoAmp, MediaMath, Sojern, and AdRoll.

🏒 Intercom βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 39 employees βˆ™ πŸ”—Source

  • A maker of customer messaging software, Intercom is also relocating 47 roles in its marketing and R&D teams from San Francisco to Dublin, in addition to the layoff.

🏒 Divvy βˆ™ 🌎 Salt Lake City βˆ™ πŸ‘© Unknown # of employees

  • A platform for expense reports, Divvy conducted a mass layoff on Tuesday, according to multiple LinkedIn posts. One source tells Layoffs.fyi that over 100 people were cut.

Layoffs Roundup: Thurs 5/14/20

This past week saw layoffs from a number of notable startups, including 4(!) data analytics companies (Mixpanel, Segment, Mode Analytics, and ThoughtSpot).

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!

🏒 Stone βˆ™ 🌎 Sao Paulo βˆ™ πŸ‘©1,300 employees (20%) βˆ™ πŸ”—Source

  • A Brazilian payments processor, Stone has seen a decline in the volume of credit and debit card transactions processed by the company. Warren Buffett’s Berkshire Hathaway owns 8% of Stone, which held a hotly-anticipated IPO in 2018.

🏒 Jump βˆ™ 🌎 New York City βˆ™ πŸ‘©500 employees (100%) βˆ™ πŸ”—Source

  • As part of Uber’s $170 million investment in Lime, Uber is offloading money-losing subsidiary Jump, an e-bike and e-scooter startup it acquired in 2018. Reports suggest that all 400-500 Jump employees were laid off, though some were offered interview opportunities at Lime.

🏒 Glassdoor βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 300 employees (30%) βˆ™ πŸ”—Source

  • An online job board, Glassdoor is the latest recruiting startup to announce layoffs. ZipRecruiter, Greenhouse, Lever, and Triplebyte have all made cuts in recent weeks due to the slowing pace of hiring across the country. Affected employees will receive at least 3 months of severance, accelerated vesting through the severance period, and reimbursed health insurance through the end of 2020.

🏒 Flatiron School βˆ™ 🌎 New York City βˆ™ πŸ‘© 100 employees (31%) βˆ™ πŸ”—Source

  • A coding bootcamp acquired by WeWork in 2017, Flatiron School is closing its Atlanta and London campuses, as well as its design program, in conjunction with the layoff. The cuts were focused on Flatiron School’s design and marketing teams, and come on top off the thousands already laid off by parent company WeWork.

🏒 Zeus Living βˆ™ 🌎 New York City βˆ™ πŸ‘© 73 employees (50%) βˆ™ πŸ”—Source

  • A corporate housing startup, Zeus Living’s 50% layoff comes two months after it already laid off 30% of its team. Last week the company was forced to raise funding at almost half its valuation from December. The company expects revenue to decline by 45% due to the slowdown of business travel caused by COVID-19.

🏒 Mixpanel βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 65 employees (19%) βˆ™ πŸ”—Source

  • An analytics tool that measures user engagement, Mixpanel’s layoff spanned across sales, marketing and G&A positions. No roles in engineering, product, or design were affected. Half of the layoffs were in San Francisco.

🏒 SalesLoft βˆ™ 🌎 Atlanta βˆ™ πŸ‘© 55 employees βˆ™ πŸ”—Source

  • SalesLoft said that the users of its sales engagement software have been getting laid off, causing SalesLoft itself to do a layoff. The event is an example of the second-order effects of the economic fallout caused by the coronavirus.

🏒 Segment βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 50 employees (10%) βˆ™ πŸ”—Source

  • A data analytics startup, Segment cited economic conditions as the reason for its layoff, but did not elaborate further.

🏒 Cadre βˆ™ 🌎New York City βˆ™ πŸ‘© 28 employees (25%) βˆ™ πŸ”—Source

  • An online marketplace for commercial real estate investments, Cadre has been hurt by the sudden slowdown in the real estate market. The company is offering laid-off employees health insurance through the end of 2020 and an extension of the post-termination exercise period on vested stock options to two years.

🏒 Kickstarter βˆ™ 🌎 New York City βˆ™ πŸ‘© 25 employees (18%) βˆ™ πŸ”—Source

  • A crowdfunding platform, Kickstarter lost not only the 25 employees it laid off, but also an additional 30 employees that accepted its voluntary separation package. One of the few tech companies whose employees are unionized, Kickstarter is offering departed employees 4 months of severance, 4-6 months of health insurance, a release from non-compete obligations, and priority consideration if the eliminated position re-opens within a year.

🏒 Mode Analytics βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 17 employees βˆ™ πŸ”—Source

  • A business intelligence tool, Mode Analytics laid off 17 employees across sales, marketing, support, engineering, product, and recruiting.