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 ∙ 🌎 SF Bay Area ∙ 👩 715 employees (7%) ∙ 🔗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 ∙ 🌎 Austin ∙ 👩 451 employees (6%) ∙ 🔗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 ∙ 🌎 Los Angeles ∙ 👩 174 employees (12%) ∙ 🔗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 ∙ 🌎 Austin ∙ 👩 90 employees (90%) ∙ 🔗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 ∙ 🌎 SF Bay Area ∙ 👩 70 employees (1%) ∙ 🔗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 ∙ 🌎 Madison ∙ 👩 44 employees (25%) ∙ 🔗Source
- An API for healthcare data, Redox explained the circumstances surrounding the layoff on its company podcast.
🏢 Atlas Obscura ∙ 🌎 New York City ∙ 👩 14 employees (25%)
- A travel media company that specializes in obscure destinations, Atlas Obscura laid off around 14 employees, two sources told Layoffs.fyi.
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 ∙ 🌎 Sao Paulo ∙ 👩1,300 employees (20%) ∙ 🔗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 ∙ 🌎 New York City ∙ 👩500 employees (100%) ∙ 🔗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 ∙ 🌎 SF Bay Area ∙ 👩 300 employees (30%) ∙ 🔗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 ∙ 🌎 New York City ∙ 👩 100 employees (31%) ∙ 🔗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 ∙ 🌎 New York City ∙ 👩 73 employees (50%) ∙ 🔗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 ∙ 🌎 SF Bay Area ∙ 👩 65 employees (19%) ∙ 🔗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 ∙ 🌎 Atlanta ∙ 👩 55 employees ∙ 🔗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 ∙ 🌎 SF Bay Area ∙ 👩 50 employees (10%) ∙ 🔗Source
- A data analytics startup, Segment cited economic conditions as the reason for its layoff, but did not elaborate further.
🏢 Cadre ∙ 🌎New York City ∙ 👩 28 employees (25%) ∙ 🔗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 ∙ 🌎 New York City ∙ 👩 25 employees (18%) ∙ 🔗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 ∙ 🌎 SF Bay Area ∙ 👩 17 employees ∙ 🔗Source
- A business intelligence tool, Mode Analytics laid off 17 employees across sales, marketing, support, engineering, product, and recruiting.
Although the number of new startup layoffs thankfully declined this past week, there were deep cuts from companies like Lyft, TripAdvisor, and Deliveroo.
Below are a few of the recent layoffs. You can check our tracker for a more comprehensive report. As always, if you’ve seen a layoff spreadsheet for any of these companies, please let us know!
🏢 Lyft ∙ 🌎 SF Bay Area ∙ 👩982 employees (17%) ∙ 🔗Source
- Ridesharing company Lyft has seen demand drop as people stay at home. Rival Uber is reportedly discussing a layoff as well (to the tune of 5,000 people), though those cuts have not been finalized.
🏢 TripAdvisor ∙ 🌎 Boston ∙ 👩900 employees (25%) ∙ 🔗Source
- In conjunction with the layoff, TripAdvisor closed its San Francisco and downtown Boston offices. It is also pausing 401(k) matching 😢and reducing pay and hours to reflect a 4-day workweek. TripAdvisor became the latest travel company to conduct layoffs, joining Sonder (400 laid off on 3/24), TripActions (300 on 3/25), TravelTriangle (250 on 3/28), and Fareportal (200 on 3/26).
🏢 Deliveroo ∙ 🌎 London ∙ 👩 367 employees (15%) ∙ 🔗Source
- An online food delivery service, Deliveroo blamed the layoff on the coronavirus pandemic. Although demand for meal delivery has risen due to shelter-in-place, consumers may increasingly decide to save money by cooking instead, something my wife told me I should also consider.
🏢 Automation Anywhere ∙ 🌎 SF Bay Area ∙ 👩 260 employees (10%) ∙ 🔗Source
- A robotic process automation platform, Automation Anywhere said it needed to cut costs to adjust to the economic fallout caused by COVID-19. Although a startup that automates repetitive manual tasks would seemingly benefit from the pandemic, most of Automation Anywhere’s customers have its software installed on their own servers, in their own offices (that are now closed).
🏢 StockX ∙ 🌎 Detroit ∙ 👩 100 employees (12%) ∙ 🔗Source
- A resale marketplace for sneakers, StockX has been negatively impacted by the plummeting demand for sneakers during the economic slowdown. The resale price of the 2020 Off-White Air Jordan V, for example, has dropped from a high of $986 to a low of $657 (which still sounds really expensive??)
🏢 Zenefits ∙ 🌎 SF Bay Area ∙ 👩 87 employees (15%) ∙ 🔗Source
- A maker of HR and payroll software, Zenefits cited the coronavirus pandemic as the cause of the layoff. The company is running a number of coronavirus-related initiatives, including offering one year of free payroll for small business customers.
🏢 App Annie ∙ 🌎 SF Bay Area ∙ 👩 80 employees (18%) ∙ 🔗Source
- A mobile analytics startup, App Annie said the layoff would help it become self-sufficient.
🏢 Sisense ∙ 🌎 New York City ∙ 👩 80 employees (9%) ∙ 🔗Source
- A maker of business analytics software, Sisense is projecting lower growth due to economic slowdown. Accordingly, its cuts were reportedly concentrated in their sales and marketing teams.
🏢 WeWork ∙ 🌎 SF Bay Area ∙ 👩 74 employees ∙ 🔗Source
- Beleaguered co-working company WeWork is laying off another 74 employees, including 60 from its 655 Montgomery St. location. WeWork had already cut thousands of employees in prior rounds of layoffs.
🏢 Oscar Health ∙ 🌎 New York City ∙ 👩 70 employees (5%) ∙ 🔗Source
- A health insurance company, Oscar Health said the layoff was needed to meet budget goals. The company, co-founded by Josh Kushner (whose brother is President Trump’s son-in-law), has been criticized for potential conflicts of interest related to COVID-19 testing.
🌎 SF Bay Area, Chicago, London ∙ 👩 90 employees (34%) ∙ 🖥 All departments
Matterport, a 3D imaging platform, laid off roughly 90 employees (34%) earlier this month, according to multiple employees. An HR representative provided Layoffs.fyi with a spreadsheet of people laid off (if you’re recruiting, see link below👇).
Source: Google Sheets
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.