Klook

Asian travel startup Klook releases talent directory

🌎 Kuala Lumpur, Taipei, Mumbai βˆ™ πŸ‘© At least 83 employees βˆ™ πŸ–₯ Customer Experience, Business Development

Klook, a travel activities booking platform backed by SoftBank, set up a talent directory to support recently-departed employees (see link πŸ‘‡). In April, the company laid off or furloughed more than 300 employees. That spring Klook saw its revenue drop by as much as 90% as global travel abruptly halted.

It’s not clear whether the Klook talent directory is meant to cover the April layoffs, or if there’s been a new round since then. The website, launched 2 weeks ago, says that the company “recently had to part with great people.”

The Klook layoff list features 83 ex-employees, most of whom were in its Customer Experience or Business Development departments.

The company has witnessed a rebound recently as it caters to the rising demand in staycations.

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

Gojek

Gojek creates talent directory following 430-person layoff

🌎 Jakarta βˆ™ πŸ‘© 430 employees (9%) βˆ™ πŸ–₯ Multiple departments

Gojek, Indonesia’s largest startup, laid off 430 employees (9%) in late June. The ride-hailing company joined its global peers Grab, Uber, Lyft, Ola, and Kapten in cutting staff as a result of pandemic-induced lockdowns.

In the wake of the layoff, Gojek created a talent directory to showcase its affected employees (see link πŸ‘‡). The Gojek layoff list features 177 former employees, primarily in Indonesia.

Gojek’s layoffs were concentrated in its GoLife (household services) and GoFood Festivals (physical dining) business units. The company plans to shut them down in order to focus on its core businesses of transportation and food delivery.

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

Layoffs Roundup: Thurs 8/6/20

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.

🏒 Booking.com βˆ™ 🌎 Amsterdam βˆ™ πŸ‘© 4,375 employees (25%) βˆ™ πŸ”—Source

  • Hotel reservations website Booking.com will be laying off 25% of its global workforce (approx. 4,375 employees). The company said that it needs to downsize to “match our expectation of the future of travel.” In accordance with local regulations, Booking.com expects to inform affected employees starting in September and lasting through the end of the year. Its sister companies Kayak, OpenTable, and Agoda (all owned by the same holding company) already conducted layoffs earlier in the year.

🏒 Buy.com βˆ™ 🌎 San Francisco Bay Area βˆ™ πŸ‘© 87 employees (100%) βˆ™ πŸ”—Source

  • Buy.com, a U.S. e-commerce site acquired by Rakuten, will be shutting down over the next two months. All 87 employees will be laid off.

In case you missed it, check out our standalone posts about layoffs from these companies:

Spotahome

Spotahome launches alumni talent directory

🌎 Madrid, London βˆ™ πŸ‘© At least 31 employees βˆ™ πŸ–₯ Multiple departments

Spotahome, a European startup that helps people list mid to long-term housing rentals, launched a talent directory of its alumni employees (see link πŸ‘‡). A layoff at the company has yet to be reported publicly.

The Spotahome talent directory features 31 ex-employees in Madrid and London. The company last raised a $40 million round of funding in 2018.

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

LinkedIn

LinkedIn launches official talent directory after laying off 960 employees

🌎 Multiple locations βˆ™ πŸ‘© 960 employees (6%) βˆ™ πŸ–₯ Multiple departments

LinkedIn, the professional networking site, laid off 960 employees (6%) across its Global Sales and Talent Acquisition teams in late July. Today the company launched an opt-in talent directory featuring hundreds of its recently-departed alumni (see link πŸ‘‡).

The directory includes people with experience in customer success, recruitment, and sales management in North and South America, Europe, and the Asia-Pacific regions, according to a company blog post.

Not surprisingly, LinkedIn’s alumni talent directory was built inside LinkedIn’s own product. After logging in to LinkedIn, hiring managers and recruiters can filter candidates by connections, locations, job title, and job type. They can then browse each candidate’s LinkedIn profile and send a LinkedIn message to those they’re interested in.

All of these features resemble the LinkedIn Recruiter product that sits within the company’s Talent Solutions business. Ironically, it is the Talent Solutions business that catalyzed the company’s layoff in the first place, having suffered due to a slowdown in hiring during the pandemic.

The LinkedIn layoff list features over 400 ex-employees globally.

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

Zeitgold

Bookkeeping startup Zeitgold lays off 75 employees and pivots to tax prep software

🌎 Berlin, Tel Aviv βˆ™ πŸ‘© 75 employees (71%) βˆ™ πŸ–₯ Multiple departments

Zeitgold, a Berlin-based startup that automates bookkeeping for small businesses and their tax advisors, announced last week that it was sunsetting its main product. In conjunction, the company laid off 75 of its employees, leaving 30 people on the team.

Like other startups that have attempted to automate bookkeeping, Zeitgold discovered that despite years of technology development, its service still required large amounts of manual labor to deliver. Scaling such a service was unsustainable, Zeitgold ultimately concluded. The company will instead develop new products that can be delivered without human involvement, such as tax preparation software.

Following the layoff, Zeitgold launched a talent directory to showcase its former employees (see link πŸ‘‡). The Zeitgold layoff list includes 62 ex-employees in Berlin and Tel Aviv.

The company raised a $29 million Series B just 3 months ago.

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

Oyo

Oyo UK launches talent directory for laid-off employees

🌎 London βˆ™ πŸ‘© At least 34 employees βˆ™ πŸ–₯ Multiple departments

Oyo, a lodging startup headquartered in India, has cut hundreds of employees globally as the pandemic decimates its business.

In the wake of these layoffs, the Oyo UK division released a talent directory to showcase a few of its affected employees (see link πŸ‘‡). Employees were told in May that most of the UK staff would be laid off, numbering approximately 150-200 people.

It’s not clear whether the talent directory is meant to cover the May layoffs, or if there’s been a new round in July. The Oyo layoff list features 34 ex-employees, many of whom are in sales.

According to a recent internal memo, Oyo’s global revenue has dropped to ~30% of pre-COVID levels amid declining hotel occupancy rates.

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

Pared

Pared layoff list surfaces

🌎 San Francisco Bay Area, New York City βˆ™ πŸ‘© At least 16 employees βˆ™ πŸ–₯ Multiple departments

Pared, a hiring marketplace for the food industry, conducted a significant layoff. With restaurants across the country under extreme pressure due to lockdown orders, there’s not much hiring happening in the food industry right now.

Pared released a layoff spreadsheet this week (see link πŸ‘‡). The list includes 16 former employees in the San Francisco Bay Area and New York City, including several software engineers.

Headquartered in San Francisco, Pared has raised just under $14 million to date.

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

Layoffs Roundup: Thurs 7/30/20

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.

🏒 Swiggy βˆ™ 🌎 Bengaluru βˆ™ πŸ‘© 350 employees (5%) βˆ™ πŸ”—Source

  • Swiggy, a food delivery startup based in India, cut 350 employees in a second round of layoffs. The company previously laid off 1,100 employees in May, but said that this will be the final round. Swiggy said that the food delivery industry has only recovered to about 50% of its peak order volume.

🏒 Procore βˆ™ 🌎Los Angeles βˆ™ πŸ‘© 180 employees (9%) βˆ™ πŸ”—Source

  • Procore, which makes construction project management software, laid off 180 employees (9%). Laid-off employees will receive severance pay, health benefits through the end of 2020, computer equipment, and outplacement services. The company filed for an IPO in February.

🏒 tZEROβˆ™ 🌎New York βˆ™ πŸ‘© Unknown # of employees βˆ™ πŸ”—Source

  • tZERO, a blockchain startup majority-owned by Overstock.com, laid off an unspecified number of employees. The company aims to cut costs in preparation for an external capital raise.
Sorabel

Indonesian startup Sorabel releases engineering talent directory following company shutdown

🌎 Indonesia βˆ™ πŸ‘© 100% of employees βˆ™ πŸ–₯ Multiple departments

Sorabel, a fashion e-commerce startup based in Indonesia, is shutting down by the end of July. All employees will be laid off as of July 30. The company had raised $27 million over four rounds of funding, but ran out of cash to survive the pandemic.

Sorabel created a talent directory showcasing some of its former engineers (see link πŸ‘‡). In a LinkedIn post promoting the directory, its VP Engineering said that the “directory is published with the intention so that prospective companies can have better access to their next strong engineering team members.”

The Sorabel layoff list features 28 ex-employees based in Jakarta, Yogyakarta, and Bandung, Indonesia.

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