Metromile

Metromile laid off 100 employees

🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό100 employees (33%) βˆ™ πŸ–₯ All departments

Metromile, which sells car insurance based on actual miles driven, laid off 100 employees yesterday (see below link for list πŸ‘‡). The layoffs occurred in San Francisco, Boston, and Tempe. Metromile cited “economic uncertainties as a result of COVID-19” as the reason for the layoffs. One would guess that the company’s revenues have plummeted since customers have been driving far fewer miles.

Source: Google Sheets

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

Layoffs Roundup: Thurs 4/2/20

This week Layoffs.fyi has already tracked 23 startups that cut jobs, affecting over 1,500 employees. And there’s still two days left ☹️.

Below are a few of this week’s 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!

  • KeepTruckin, which helps trucking companies manage their fleets, laid off 349 employees (18%). This comes just one month after the company’s previous round of layoffs.
  • Thumbtack, a marketplace for local services like cleaners and plumbers, laid off 250 employees (30%). Due to shelter-in-place, business has fallen by over 50% in markets like San Francisco, Detroit, and New York City.
    • 🌎 San Francisco, Salt Lake City βˆ™ πŸ‘©β€πŸ’Ό 250 employees (18%) βˆ™ πŸ”—Source
  • Rover, a dog-walking and pet-sitting service, laid off 194 employees (41%). Pet owners no longer need Rover’s service because they’re now staying at home.
    • 🌎 Seattle βˆ™ πŸ‘©β€πŸ’Ό 194 employees (41%) βˆ™ πŸ”—Source
  • RigUp, which provides labor services to the energy industry, laid off 120 employees (25%). Oil and gas companies are in the middle of an economic downturn.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 120 employees (25%) βˆ™ πŸ”—Source
  • Turo, a car-sharing company, laid off 108 employees (30%). Consumers are no longer renting cars because of shelter-in-place. Competitor Getaround also conducted recent layoffs.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 108 employees (30%) βˆ™ πŸ”—Source
  • PatientPop, which helps healthcare providers manage the patient experience, laid off 100 employees, according to a LinkedIn post by an ex-employee.
    • 🌎 Los Angeles βˆ™ πŸ‘©β€πŸ’Ό 100 employees
  • uShip, which makes shipping software, laid off 65 employees (37%).
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 65 employees (37%) βˆ™ πŸ”—Source
  • Showpad, which makes software to improve sales teams’ productivity, laid off 52 employees (12%). It blamed the economic fallout caused by the coronavirus.
    • 🌎 Chicago βˆ™ πŸ‘©β€πŸ’Ό 52 employees (12%) βˆ™ πŸ”—Source
  • PeerStreet, a crowdfunding platform for investing in real estate loans, laid off 30% of their staff (50+ employees), according to an HR employee. Layoffs.fyi was the first to report the news.

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.