Here’s a recap of the startup layoffs from this past week. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!
As always, the Layoffs.fyi Tracker maintains a comprehensive list of all startup layoffs since COVID-19. There’s now a new “Layoff Charts” tab too 📈! Check it out for real-time graphs of startup layoffs by month, industry, and location — all updated automatically.
And if you’re into data visualization, the team at Bloomberg made some cool graphics today using Layoffs.fyi data.
🏢 Uber India ∙ 🌎 Bengaluru ∙ 👩 600 employees (23%) ∙ 🔗Source
- Ridesharing company Uber said that the cuts in India were part of its broader plan to reduce workforce. Laid-off employees will receive at least 10 weeks of severance and 6 months of healthcare coverage. Uber’s main competitor in India, Ola, laid off 1,400 employees last week.
🏢 Cvent ∙ 🌎 Washington D.C. ∙ 👩 400 employees (10%) ∙ 🔗Source
- An event management platform, Cvent has been deeply impacted by the widescale decline of in-person meetings and events. Its CEO said that its customers are in many of the industries that have been hit hardest by COVID-19: event planning, hospitality, and corporate travel. The company is shifting its own flagship event in August to be completely virtual.
🏢 Instructure ∙ 🌎 Salt Lake City ∙ 👩 150 employees (12%) ∙ 🔗Source
- A provider of learning management software, Instructure is also closing its satellite offices (including Chicago, Seattle, San Diego, and London) in favor of its Salt Lake City headquarters. Instructure was acquired by a private equity firm in March. Even though the new owner reportedly promised it wouldn’t shrink staff, it’s not too surprising that a layoff happened anyway, given the propensity of PE firms to cut costs.
🏢 Bluprint ∙ 🌎 Denver∙ 👩 137 employees (100%) ∙ 🔗Source
- A provider of online crafts classes, Bluprint will be shutting down by the end of August. Originally named Craftsy and acquired by NBCUniversal in 2017, Bluprint’s layoffs will begin around July 22 and end when operations are closed.
🏢 Glitch ∙ 🌎 New York City ∙ 👩 18 employees (36%) ∙ 🔗Source
- A collaborative coding platform, Glitch cited market conditions as context for the layoff and said it needed to “significantly cut operating costs” to ensure “long-term viability.” The company is offering severance pay, health insurance, and support finding a new job to laid-off employees.
🏢 Acorns ∙ 🌎 Portland ∙ 👩 Unknown # of employees ∙ 🔗Source
- An app that lets users invest their spare change, Acorns is shutting down its Portland office and consolidating staff to its Irvine headquarters. Some employees will be moving locations, though one source tells Layoffs.fyi that others are being laid off. Acorns inherited the Portland office in 2017 after acquiring retirement savings startup Vault, and subsequently grew the office to around 30 people.
The number of newly-reported startup layoffs continues to decline, though each one is now affecting 3x more employees on average. This past week saw a massive layoff from Uber, alongside other notable cuts mentioned below. The total count is now up to 58,000+ startup employees laid off since the coronavirus pandemic began.
Check out the Layoffs.fyi Tracker for a comprehensive list. If you’ve seen a layoff spreadsheet for any of these companies, please let us know!
🏢 Ola ∙ 🌎 Bengaluru ∙ 👩 1,400 employees (35%) ∙ 🔗Source
- An India-based ridesharing company, Ola said revenue has dropped by 95% in the last two months due to stay-at-home orders. Laid-off employees will receive 3 months of severance, along with “healthcare and emotional support until the end of the year.” It’s not clear who will be providing the emotional support.
🏢 Deliv ∙ 🌎 SF Bay Area ∙ 👩 669 employees (100%) ∙ 🔗Source
- A service that enables brick-and-mortar stores to offer same-day deliveries, Deliv announced that it was shutting down operations and selling some of its technology to Target. The company is laying off at least 669 workers and will wind down its business over the next 90 days. Even though delivery businesses like Amazon, Target, and Uber Eats are surging during the pandemic, Deliv’s business depends on customers like Best Buy, Macy’s, and Walgreens, who have been severely impacted by shelter-in-place orders.
🏢 Cruise ∙ 🌎 SF Bay Area ∙ 👩 150 employees (8%) ∙ 🔗Source
- A self-driving car startup owned by GM, Cruise becomes the most prominent (though certainly not the only) autonomous vehicle company to cut staff. AV companies like Cruise, Zoox, and Ike were already bleeding money with little revenue — now, their vehicles are also sitting idle because social distancing measures mean that backup drivers can’t be used for self-driving tests. Cruise’s layoff largely avoided touching its engineering team.
🏢 SoFi ∙ 🌎 SF Bay Area ∙ 👩 112 employees (7%) ∙ 🔗Source
- A personal finance startup, SoFi is positioning its staffing reduction not as a layoff but as a performance-driven cut. The company implied that the employees cut were falling short of their performance expectations. One source told Layoffs.fyi that 37 engineers were affected.
🏢 Quartz ∙ 🌎 New York City ∙ 👩 80 employees (40%) ∙ 🔗Source
- A business news site, Quartz said its layoff was focused on its advertising department, though over 20 journalists were also affected. The company is planning to transition its business model from advertising-supported to subscription-based. Quartz is led by ace journalist and former Harvard Crimson editor Zach Seward.
🏢 Integral Ad Science ∙ 🌎 New York City ∙ 👩 70 employees (10%) ∙ 🔗Source
- An ad verification company, Integral Ad Science joins the growing number of ad tech startups (and ad-supported media businesses) confronting a broader pullback in ad spending. Similar companies that have conducted layoffs include Rubicon Project, OpenX, GumGum, TripleLift, VideoAmp, MediaMath, Sojern, and AdRoll.
🏢 Intercom ∙ 🌎 SF Bay Area ∙ 👩 39 employees ∙ 🔗Source
- A maker of customer messaging software, Intercom is also relocating 47 roles in its marketing and R&D teams from San Francisco to Dublin, in addition to the layoff.
🏢 Divvy ∙ 🌎 Salt Lake City ∙ 👩 Unknown # of employees
- A platform for expense reports, Divvy conducted a mass layoff on Tuesday, according to multiple LinkedIn posts. One source tells Layoffs.fyi that over 100 people were cut.
🌎 San Francisco ∙ 👩 At least 12 employees ∙ 🖥 All departments
Clearbit, a marketing company that performs customer data enrichment, conducted a layoff last week, according to multiple employee posts on LinkedIn. See link below 👇for an opt-in spreadsheet of people laid off, including several SF-based engineers.
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.
Last week we tracked 50 startup layoffs affecting over 4,000 people. The post-Coronavirus tally has now crossed 10,000 employees laid off ☹️.
Below are a few of the recent layoffs. Check our Layoffs Tracker for a comprehensive report. If you’ve seen a layoff spreadsheet for any of these companies, please let us know so we can help the affected people!
- MindBody, which creates scheduling software for gyms, fitness studios, and spas, laid off or furloughed 700 employees. Nearly 95% of their customers are closed due to shelter-at-home orders.
- 🌎 San Luis Obispo ∙ 👩💼 700 employees (35%) ∙ 🔗Source
- Sojern, an ad-tech startup servicing travel companies, cut 300 employees, about half its staff. Travel advertising in general fell by as much as 90% in March.
- 🌎 San Francisco ∙ 👩💼 300 employees (50%) ∙ 🔗Source
- AdRoll, an ad retargeting company, laid off 174 employees. According to an employee, the Salt Lake City and New York City offices were most affected.
- 🌎 Salt Lake City ∙ 👩💼 174 employees
- Velodyne Lidar, which designs sensor systems used in driverless cars for companies like Uber, laid off 140 employees. Workers say the company is using the coronavirus as an excuse when they’ve long been planning to transfer production overseas.
- 🌎 San Francisco ∙ 👩💼 140 employees ∙ 🔗Source
- ThirdLove, a startup that sells bras and underwear, laid off 30% of its team. Other direct-to-consumer companies like Everlane and Brandless were struggling even before COVID-19 due to rising customer acquisition costs.
- 🌎 San Francisco ∙ 👩💼 94 employees (35%) ∙ 🔗Source
- Industrious, a provider of flexible office space, laid off 20% of its staff (90 employees) and enacted furloughs or reduced hours for another 10%. The company joins a growing list of modern real estate companies that have conducted layoffs, including WeWork, Sonder, and Knotel.
- 🌎 New York City ∙ 👩💼 90 employees (20%) ∙ 🔗Source
- Arrive Logistics, a freight brokerage, cut 75 employees (7%) and furloughed another 35. It cited the coronavirus outbreak’s negative impact on freight markets.
- 🌎 Austin ∙ 👩💼 75 employees (7%) ∙ 🔗Source
- Bustle Digital Group, a media company that owns Bustle, Elite Daily, and Mic, laid off 24 employees. The entire staff of The Outline, a culture site, was let go as part of the layoff.
- 🌎 New York City ∙ 👩💼 24 employees ∙ 🔗Source
- The Wing, a co-working space for women, laid off half of its headquarters staff. It said it saw 95% of its revenue “disappear overnight.”
- 🌎 New York City ∙ 👩💼 50% of employees ∙ 🔗Source
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!
- Sonder, which offers short-term apartment rentals, laid off or furloughed 400 employees. Bookings are down 20% at the company’s 5,000 apartments.
- Zeus Living, which rents out furnished apartments on a monthly basis to business travelers, laid off 80 employees.
- The Guild, which offers short-term stays at luxury apartments, laid off 38 employees.
- 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 ∙ 👩💼 300 employees (25%) ∙ 🔗TechCrunch
- Cabin, a luxury sleeper-bus service, laid off an unknown (but likely small) number of employees.
- Leafly, an online resource on cannabis, laid off 91 employees.
- 🌎 Seattle ∙ 👩💼 91 employees (50%) ∙ 🔗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 ∙ 👩💼 80 employees (67%) ∙ 🔗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 ∙ 👩💼 78 employees (30%) ∙ 🔗BetaKit
- OutboundEngine, which creates marketing software for small businesses, laid off 52 employees.
- 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 ∙ 👩💼 50 employees (75%) ∙ 🔗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.
- Eight Sleep, an online mattress retailer, laid off 20% of staff.