PeerStreet

BREAKING: LA-based PeerStreet lays off 50+ employees

🌎 Los Angeles βˆ™ πŸ‘©β€πŸ’Ό 50+ employees (30%) βˆ™ πŸ–₯ All departments

PeerStreet, a crowdfunding platform for investing in real estate loans, laid off 30% of their staff yesterday. According to an HR employee, the company let go over 50 employees across multiple departments (see link below for the listπŸ‘‡). PeerStreet is the first fintech startup to do a layoff post-COVID 19, but the 3rd one beginning with “Peer” (along with Peerspace and Peerfit).

Source: Google Sheets

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

TripActions

TripActions laid off 300 employees via a group Zoom call

🌎 Palo Alto βˆ™ πŸ‘©β€πŸ’Ό 300 employees (25%) βˆ™ πŸ–₯ Customer support, recruiting, sales

TripActions, whose software helps companies manage corporate travel, laid off 300 workers last week (see link below for the listπŸ‘‡). The layoffs primarily affected customer support, recruiting, and sales. The company blamed the layoff on the decline in business travel, but got flack for notifying employees about the news via a group Zoom call.

Source: Google Sheets

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

Peerspace

Peerspace laid off 40+ employees due to impact of social distancing

🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 40 employees βˆ™ πŸ–₯ All departments

Peerspace, a marketplace for booking space for events and meetings, laid off a majority of their staff last week (see link below for the listπŸ‘‡). The company has seen bookings slow and cancellations increase dramatically due to social distancing measures.

Source: Google Sheets

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

Bird

Bird lays off over 400 employees

🌎 Los Angeles βˆ™ πŸ‘©β€πŸ’Ό 406 employees (30%) βˆ™ πŸ–₯ All departments

Bird, the electric scooter company, laid off 30% of staff, or 406 employees (see link below for the listπŸ‘‡). Bird had already paused its services in many markets in response to the coronavirus. Scooter companies are reeling from the pandemic — in January, competitor Lime laid off 100 employees and is expected to do another round of layoffs shortly.

Source: Google Sheets

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

Zeus

Zeus Living laid off 80 employees

🌎 San Franciscoβˆ™ πŸ‘©β€πŸ’Ό 80 employees (30%) βˆ™ πŸ–₯ All departments

We previously mentioned that Zeus Living, which rents out furnished apartments on a monthly basis to business travelers, laid off 80 employees. We now have a list of affected employees (see link belowπŸ‘‡). The list spans across engineering, product, and business roles.

Source: Google Sheets

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

Layoffs Roundup: Mon 3/30/20

Since Thursday, unicorn startups ZipRecruiter, WeWork, Knotel, Getaround, and OneWeb have each laid off hundreds of employees, and over 20 startups in total have cut jobs.

Below are a few of the recent layoffs. Check out our Layoffs Tracker for a comprehensive, real-time report. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

  • ZipRecruiter, the online hiring marketplace, laid off over 400 employees (39%). The company has seen its customers drastically slow down hiring and expects to miss revenue projections.
    • 🌎 Santa Monica βˆ™ πŸ‘©β€πŸ’Ό 400 employees (39%) βˆ™ πŸ”—WSJ
  • WeWork, the co-working company, laid off 250 employees. This follows a previous round of layoffs in November, but is supposedly unrelated to the coronavirus pandemic.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 250 employees βˆ™ πŸ”—Reuters
  • Everlane, an e-commerce site for luxury clothing, laid off or furloughed 200 workers, primarily in their retail and backend operations functions.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 200 employees βˆ™ πŸ”—WWD
  • Knotel, which leases office space to companies, laid off 127 employees (30%) and furloughed an additional 68 employees (20%). The layoffs affected multiple departments and locations. Real estate startups like Knotel continue to suffer due to the coronavirus pandemic.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 127 employees (30%) βˆ™ πŸ”—Commercial Observer
  • Getaround, the car sharing startup, laid off 100 employees (25%). This follows a previous round of layoffs in January. Getaround is suffering from both the coronavirus pandemic as well as a pullback in funding from its main backer, Softbank.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 100 employees (25%) βˆ™ πŸ”—BizJournals
  • OneWeb, which builds satellites that provide internet access, filed for bankruptcy and announced layoffs. It said it had failed to secure further funding.
    • 🌎 London βˆ™ πŸ‘©β€πŸ’Ό Hundreds of employees βˆ™ πŸ”—BBC
  • Zipcar, the rental car company, laid off 20% of staff. The travel industry continues to be disrupted by the coronavirus.
    • 🌎 Boston βˆ™ πŸ‘©β€πŸ’Ό Hundreds of employees (20%) βˆ™ πŸ”—BostonInno
  • Restaurant365, which makes restaurant management software, laid off a “big chunk” of its 400 employees. It has seen a 75% decline in YoY sales.
    • 🌎 Irvine βˆ™ πŸ‘©β€πŸ’ΌUnknown # affected βˆ™ πŸ”—Crunchbase News
  • Textio, which helps companies write better job descriptions, laid off 30 employees (20%).
    • 🌎 Seattle βˆ™ πŸ‘©β€πŸ’Ό 30 employees (20%) βˆ™ πŸ”—Geekwire
  • B8ta, a retailer for consumer electronics and home goods, laid off over half of its corporate staff and furloughed its retail employees.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 50% of corporate employees βˆ™ πŸ”—Retail Dive
  • Pivot3, which develops hyperconverged infrastructure, laid off a significant portion of its 250 employees.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—Blocks and Files
  • DataRobot, which helps companies manage their machine learning models, significantly reduced headcount.
    • 🌎 Boston βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—BostonInno
Sonder

Sonder lays off 400 employees, bookings down 20%

🌎 San Francisco, Denver βˆ™ πŸ‘©β€πŸ’Ό 400 employees (33%) βˆ™ πŸ–₯ All departments

Sonder, which offers short-term apartment rentals, laid off or furloughed 400 employees (see link below for the listπŸ‘‡). Bookings are down 20% at the company’s 5,000 apartments, since people are no longer traveling due to the coronavirus. Sonder has raised $360 million and was most recently valued at over $1 billion.

Source: Google Sheets

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

Wonderschool

Wonderschool lays off 75% of employees due to shelter-in-place

🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 50 employees (75%) βˆ™ πŸ–₯ All departments

Wonderschool, which helps people start their own home-based preschools or daycares, laid off 50 employees (75% of staff). Their childcare programs have been impacted by shelter-in-place orders, since families are now keeping their kids at home.

A list of affected employees, particularly in Engineering and Partnerships, is circulating on a crowdsourced spreadsheet for Coronavirus-related layoffs (see link below πŸ‘‡).

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

Layoffs Roundup: Thurs 3/26/20

Coronavirus-related tech layoffs continue to pile up this week, particularly in real estate and travel. Check out our Layoffs Tracker for a comprehensive, real-time report. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

Real estate

  • Sonder, which offers short-term apartment rentals, laid off or furloughed 400 employees. Bookings are down 20% at the company’s 5,000 apartments.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 400 employees (33%) βˆ™ πŸ”—The Real Deal
  • Zeus Living, which rents out furnished apartments on a monthly basis to business travelers, laid off 80 employees.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 80 employees (30%) βˆ™ πŸ”—Crunchbase News
  • The Guild, which offers short-term stays at luxury apartments, laid off 38 employees.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 38 employees (22%) βˆ™ πŸ”—Austin Inno

Travel

  • TripActions, whose software helps companies manage corporate travel, laid off 300 workers. The layoffs primarily affected customer support, recruiting, and sales. Employees were notified of the layoff via a group Zoom call.
    • 🌎 Palo Alto βˆ™ πŸ‘©β€πŸ’Ό 300 employees (25%) βˆ™ πŸ”—TechCrunch
  • Cabin, a luxury sleeper-bus service, laid off an unknown (but likely small) number of employees.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—The Information

Other industries

  • Leafly, an online resource on cannabis, laid off 91 employees.
    • 🌎 Seattle βˆ™ πŸ‘©β€πŸ’Ό 91 employees (50%) βˆ™ πŸ”—GeekWire
  • Foodsby, which delivers restaurant food to office buildings, laid off 80 people. Demand is down since restaurants are closing and customers are no longer going into the office.
    • 🌎Minneapolis βˆ™ πŸ‘©β€πŸ’Ό 80 employees (67%) βˆ™ πŸ”—Minne Inno
  • Rangle, a development agency, initiated a temporary layoff for 78 staffers. Rangle’s clients are paring back spending due to the coronavirus pandemic.
    • 🌎 Toronto βˆ™ πŸ‘©β€πŸ’Ό 78 employees (30%) βˆ™ πŸ”—BetaKit
  • OutboundEngine, which creates marketing software for small businesses, laid off 52 employees.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 52 employees (28%) βˆ™ πŸ”—BizJournals
  • Wonderschool, which helps people start their own in-home preschools or daycares, laid off 50 employees. Shelter-in-place orders means that parents are keeping their kids at home.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 50 employees (75%) βˆ™ πŸ”—EdSurge
  • SpotHero, an app that helps people find parking spots, laid off an unknown number of employees. Urban parking isn’t a problem when people are staying at home.
    • 🌎 Chicago βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—Chicago Inno
  • Eight Sleep, an online mattress retailer, laid off 20% of staff.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 20% of staffβˆ™ πŸ”—The Information
Triplebyte

Triplebyte lays off 15 talent managers and technical writers amidst “product shift”

🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 15 employees (17%) βˆ™ πŸ–₯ Customer Success, Technical Writing

Triplebyte, the recruiting platform that connects engineering candidates with tech companies, laid off 15 employees (see link below for the listπŸ‘‡). Its talent manager and technical writing teams were eliminated. An ex-employee’s LinkedIn post says the layoffs are due to a “product shift,” so the move doesn’t appear to be coronavirus-related. Five months ago, founder and former YC partner Harj Taggar stepped down as CEO.

Source: Google Sheets

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