Layoffs Roundup: Tues 3/24/20

The first wave of tech layoffs due to the coronavirus pandemic have hit startups that facilitate physical space like homes and offices. Check out our Layoffs Tracker for a comprehensive, real-time report.

  • Compass, the real estate brokerage, laid off 375 staffers. It has seen showings drop by 60% as people stay home during the pandemic.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 375 employees (15%) βˆ™ πŸ”—The Real Deal
  • Convene, which provides flexible office space, laid off 150 people, citing fallout from the coronavirus.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 150 employees (18%) βˆ™ πŸ”—Commercial Observer
  • Remote Year, which facilitates remote work while traveling abroad, laid off 50 employees. Travel has been severely disrupted by the coronavirus pandemic.
    • 🌎 Chicago βˆ™ πŸ‘©β€πŸ’Ό 50 employees (50%) βˆ™ πŸ”—TechCrunch
  • Yonder, which helps identify disinformation online using AI, laid off 18 employees to increase runway.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 18 employees βˆ™ πŸ”—Austin Inno

If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

Lola

Lola lays off 34 employees due to impact of the coronavirus

🌎 Boston βˆ™ πŸ‘©β€πŸ’Ό 34 employees (29%) βˆ™ πŸ–₯ All departments

Lola, a corporate travel management tool, laid off 34 employees (see link below for the listπŸ‘‡). This is one of the first startup layoffs directly related to the coronavirus. Lola has raised $82 million to date from Accel, General Catalyst, and CRV and now has 82 employees remaining.

Source: Google Sheets

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

Managed By Q

Managed By Q lays off 75 as part of WeWork divestiture

🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 75 employees (71%) βˆ™ πŸ–₯ All departments

Managed By Q, a platform that facilitates office management services like cleaning, is laying off the vast majority of its staff as part of its sale from parent company WeWork to former competitor Eden. The layoff impacts 75+ people (see link below for the listπŸ‘‡).

Source: Google Sheets
Atrium

Atrium shuts down, lays off entire 100-person staff

🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 100 employees (100%) βˆ™ πŸ–₯ All departments

Atrium, the hybrid law firm + tech startup, is shutting down and laying off all 100 employees (see link below for the listπŸ‘‡). Atrium says it failed to make legal services more cost-efficient with technology, a core part of the startup’s original thesis. Started by Twitch.tv co-founder Justin Kan, the startup had raised over $75 million from Andreessen Horowitz and General Catalyst.

Source: Google Sheets
Brandless

Brandless shuts down, lays off 88% of staff

🌎 San Francisco, Minneapolis βˆ™ πŸ‘©β€πŸ’Ό 70 employees (88%) βˆ™ πŸ–₯ All departments

Brandless, a direct-to-consumer startup that makes affordable household products, is shutting down and laying off 88% of its staff (see link below for the listπŸ‘‡). 10 employees remain to finish the wind-down process. The company said its business model was unsustainable — a problem that has also plagued other DTC startups because competition for social media advertising has driven up customer acquisition costs. Brandless had raised $292 million, most notably from SoftBank.

Source: Google Sheets
KeepTruckin

KeepTruckin shuts down One Point Logistics, lays off majority of staff

🌎 Mostly Nashville, Chicago, SF βˆ™ πŸ‘©β€πŸ’Ό At least 78 employeesβˆ™ πŸ–₯ Mostly sales and business roles

KeepTruckin, which helps trucking companies manage their fleets, is shutting down One Point Logistics, a freight brokerage it acquired last year. The majority of OPL’s staff will be laid off, while the remaining 30 employees will be reassigned within KeepTruckin. The company says that owning its own freight brokerage business was too operationally intensive and will instead be investing in its marketplace of third-party brokers.

Starsky Robotics

Starsky Robotics reportedly shutting down, lays off majority of staff

🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ–₯ All departments

Starsky Robotics, a self-driving truck startup, is reportedly shutting down after its Series B fell apart due to concerns about its asset-heavy, low-margin business model. The majority of staff have been laid off, likely numbering a couple dozen. The company had raised $20 million, most recently from Shasta Ventures two years ago.

Lime

Lime lays off 100 workers and shuts down 12 markets

🌎 Mostly San Francisco βˆ™ πŸ‘©β€πŸ’Ό 100 employees (14%) βˆ™ πŸ–₯ Various business roles

Lime, the electric scooter company, is shutting down 12 of its markets and laying off 100 employees (14% of its workforce). After a period of rapid expansion into new markets, e-scooter companies have been suffering large losses, causing them to retreat. Lime has raised $765 million to date.

Quora

Quora announces layoffs

🌎 Mountain View βˆ™ πŸ‘©β€πŸ’Ό At least 12 employees βˆ™ πŸ–₯ Mostly engineering

Quora, the question & answer website, announced a partial layoff to reduce costs to a more sustainable level. It’s unknown how many of the company’s ~200 employees were affected, but their layoff list (see link below πŸ‘‡) includes about a dozen people — mostly engineers in the Bay Area.