Layoffs Roundup: Thurs 5/21/20

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 βˆ™ 🌎 Bengaluru βˆ™ πŸ‘© 1,400 employees (35%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 669 employees (100%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 150 employees (8%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 112 employees (7%) βˆ™ πŸ”—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 βˆ™ 🌎 New York City βˆ™ πŸ‘© 80 employees (40%) βˆ™ πŸ”—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 βˆ™ 🌎 New York City βˆ™ πŸ‘© 70 employees (10%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 39 employees βˆ™ πŸ”—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 βˆ™ 🌎 Salt Lake City βˆ™ πŸ‘© 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.

Layoffs Roundup: Thurs 5/7/20

This week saw huge layoffs from Uber, Airbnb, and Juul. These 3 layoffs rank among the top 10 biggest in tech since the coronavirus was declared a pandemic.

Below are a few of the startup layoffs from this past week. 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!

🏒 Uber βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘©3,700 employees (14%) βˆ™ πŸ”—Source

  • Ridesharing service Uber laid off 3,700 employees from its customer support and recruiting teams. The CEO’s letter to staff strongly hints that more cuts are coming in the next two weeks, including in engineering and product. As many as 5,400 employees are expected to ultimately be laid off.

🏒 Juul βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘©900 employees (30%) βˆ™ πŸ”—Source

  • A maker of e-cigarettes, Juul has been mired in controversy over its role in the rise of underage vaping. Its layoff is unrelated to the coronavirus. Juul is also planning to move its headquarters from San Francisco to Washington D.C., partially because its products are now banned in SF.

🏒 CureFit βˆ™ 🌎 Bengaluru βˆ™ πŸ‘© 800 employees (16%) βˆ™ πŸ”—Source

  • An India-based fitness startup, CureFit also permanently closed a number of its gyms. The coronavirus lockdown has crushed fitness companies, including U.S.-based ClassPass (53% of team laid off or furloughed) and Brazil-based Gympass (467 employees laid off).

🏒 Careem βˆ™ 🌎 Dubai βˆ™ πŸ‘© 536 employees (31%) βˆ™ πŸ”—Source

  • A ridesharing service acquired by Uber last year, Careem was one of the Middle East’s biggest startups. However, its business has dropped 80% post-coronavirus. Laid-off employees will receive at least 3 months of severance, 1 month of equity vesting, and extended visa and health insurance through 2020.

🏒 Namely βˆ™ 🌎 New York City βˆ™ πŸ‘© 160 employees (40%) βˆ™ πŸ”—Source

  • A maker of HR and payroll software, Namely noted that its SMB customers have been downsizing as a result of the pandemic. This has led to lower revenue for Namely, which makes money in part via a per-employee monthly fee.

🏒 Kayak / OpenTable βˆ™ 🌎 Stamford βˆ™ πŸ‘© 160 employees (8%) βˆ™ πŸ”—Source

  • Kayak and OpenTable, both subsidiaries of Booking Holdings Inc., laid off 160 employees and furloughed another 240 employees. The company’s revenue has “dropped tremendously from the COVID-19 crisis.”

🏒 Oyo βˆ™ 🌎 London βˆ™ πŸ‘© 150 employees βˆ™ πŸ”—Source

  • The self-proclaimed “world’s fastest growing hotel chain,” India-based Oyo plans to lay off 150-200 of its 300 employees in the UK. Oyo has already let go or furloughed thousands of employees globally in recent months. Its occupancy rate and revenue have dropped by over 50-60% since earlier this year.

🏒 Andela βˆ™ 🌎 New York City βˆ™ πŸ‘© 135 employees (10%) βˆ™ πŸ”—Source

  • An Africa-focused startup that provides “engineering as a service,” Andela expects a decline in customers due to the economic downturn. The company is also shifting its strategy from acting as a talent accelerator to serving as a talent outsourcing firm. No engineers were part of the layoff.

🏒 Care.com βˆ™ 🌎Boston βˆ™ πŸ‘© 81 employees βˆ™ πŸ”—Source

  • An online marketplace of caregivers, Care.com said its layoff was not related to the coronavirus. Rather, the cuts are the result of Care.com’s acquisition by IAC in February.

🏒 Stack Overflow βˆ™ 🌎 New York City βˆ™ πŸ‘© 40 employees (15%) βˆ™ πŸ”—Source

  • A popular Q&A site for engineers, Stack Overflow has been hardest hit in its Talent business, which helps companies recruit and hire developers. Most of the affected employees were furloughed, though some were permanently laid off.

🏒 TheSkimm βˆ™ 🌎 New York City βˆ™ πŸ‘© 26 employees (20%) βˆ™ πŸ”—Source

  • A media startup targeted towards millennial women, TheSkimm is offering laid-off employees at least one month of severance and health insurance through July. Digital media companies have suffered declining revenue as brands pull back on advertising during the economic slowdown.

Layoffs Roundup: Mon 4/6/20

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 βˆ™ πŸ‘©β€πŸ’Ό 700 employees (35%) βˆ™ πŸ”—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 βˆ™ πŸ‘©β€πŸ’Ό 300 employees (50%) βˆ™ πŸ”—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 βˆ™ πŸ‘©β€πŸ’Ό 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 βˆ™ πŸ‘©β€πŸ’Ό 140 employees βˆ™ πŸ”—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 βˆ™ πŸ‘©β€πŸ’Ό 94 employees (35%) βˆ™ πŸ”—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 βˆ™ πŸ‘©β€πŸ’Ό 90 employees (20%) βˆ™ πŸ”—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 βˆ™ πŸ‘©β€πŸ’Ό 75 employees (7%) βˆ™ πŸ”—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 βˆ™ πŸ‘©β€πŸ’Ό 24 employees βˆ™ πŸ”—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 βˆ™ πŸ‘©β€πŸ’Ό 50% of employees βˆ™ πŸ”—Source