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 ∙ 🌎 Bengaluru ∙ 👩 350 employees (5%) ∙ 🔗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 ∙ 🌎Los Angeles ∙ 👩 180 employees (9%) ∙ 🔗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.
🏢 tZERO∙ 🌎New York ∙ 👩 Unknown # of employees ∙ 🔗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.
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 ∙ 🌎 SF Bay Area ∙ 👩 400 employees (7%) ∙ 🔗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 ∙ 🌎 Munich ∙ 👩 100 employees ∙ 🔗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 ∙ 🌎 Pittsburgh, SF Bay Area ∙ 👩 61 employees ∙ 🔗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 ∙ 🌎 Toronto ∙ 👩 26 employees ∙ 🔗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 ∙ 🌎 Portland ∙ 👩 20 employees ∙ 🔗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 ∙ 🌎 SF Bay Area ∙ 👩 Unknown # employees ∙ 🔗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 ∙ 🌎 Chicago ∙ 👩 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.