Layoffs Roundup: Thurs 8/6/20

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.

🏒 Booking.com βˆ™ 🌎 Amsterdam βˆ™ πŸ‘© 4,375 employees (25%) βˆ™ πŸ”—Source

  • Hotel reservations website Booking.com will be laying off 25% of its global workforce (approx. 4,375 employees). The company said that it needs to downsize to “match our expectation of the future of travel.” In accordance with local regulations, Booking.com expects to inform affected employees starting in September and lasting through the end of the year. Its sister companies Kayak, OpenTable, and Agoda (all owned by the same holding company) already conducted layoffs earlier in the year.

🏒 Buy.com βˆ™ 🌎 San Francisco Bay Area βˆ™ πŸ‘© 87 employees (100%) βˆ™ πŸ”—Source

  • Buy.com, a U.S. e-commerce site acquired by Rakuten, will be shutting down over the next two months. All 87 employees will be laid off.

In case you missed it, check out our standalone posts about layoffs from these companies:

Sorabel

Indonesian startup Sorabel releases engineering talent directory following company shutdown

🌎 Indonesia βˆ™ πŸ‘© 100% of employees βˆ™ πŸ–₯ Multiple departments

Sorabel, a fashion e-commerce startup based in Indonesia, is shutting down by the end of July. All employees will be laid off as of July 30. The company had raised $27 million over four rounds of funding, but ran out of cash to survive the pandemic.

Sorabel created a talent directory showcasing some of its former engineers (see link πŸ‘‡). In a LinkedIn post promoting the directory, its VP Engineering said that the “directory is published with the intention so that prospective companies can have better access to their next strong engineering team members.”

The Sorabel layoff list features 28 ex-employees based in Jakarta, Yogyakarta, and Bandung, Indonesia.

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.

Layoffs Roundup: Thurs 7/2/20

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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 400 employees (7%) βˆ™ πŸ”—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 βˆ™ 🌎 Munich βˆ™ πŸ‘© 100 employees βˆ™ πŸ”—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 βˆ™ 🌎 Pittsburgh, SF Bay Area βˆ™ πŸ‘© 61 employees βˆ™ πŸ”—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 βˆ™ 🌎 Toronto βˆ™ πŸ‘© 26 employees βˆ™ πŸ”—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 βˆ™ 🌎 Portland βˆ™ πŸ‘© 20 employees βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© Unknown # employees βˆ™ πŸ”—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 βˆ™ 🌎 Chicago βˆ™ πŸ‘© 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.

Layoffs Roundup: Thurs 6/25/20

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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 715 employees (7%) βˆ™ πŸ”—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 βˆ™ 🌎 Austin βˆ™ πŸ‘© 451 employees (6%) βˆ™ πŸ”—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 βˆ™ 🌎 Los Angeles βˆ™ πŸ‘© 174 employees (12%) βˆ™ πŸ”—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 βˆ™ 🌎 Austin βˆ™ πŸ‘© 90 employees (90%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 70 employees (1%) βˆ™ πŸ”—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 βˆ™ 🌎 Madison βˆ™ πŸ‘© 44 employees (25%) βˆ™ πŸ”—Source

  • An API for healthcare data, Redox explained the circumstances surrounding the layoff on its company podcast.

🏒 Atlas Obscura βˆ™ 🌎 New York City βˆ™ πŸ‘© 14 employees (25%)

  • A travel media company that specializes in obscure destinations, Atlas Obscura laid off around 14 employees, two sources told Layoffs.fyi.

Layoffs Roundup: Thurs 6/4/20

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!

See the Layoffs.fyi Tracker for a comprehensive list of all startup layoffs since COVID-19.

🏒 Stitch Fix βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 1,400 employees (18%) βˆ™ πŸ”—Source

  • An online personal styling service, Stitch Fix said it will lay off 1,400 stylist employees in California between now and the end of September. It plans to replace these employees by hiring 2,000 stylists in lower-cost cities over the coming year. Laid-off employees will have the opportunity to relocate; those who don’t will receive 2 weeks or more of severance, extended healthcare, and a bonus for staying through the transition period.

🏒 TrueCar βˆ™ 🌎 Los Angeles βˆ™ πŸ‘© 219 employees (30%) βˆ™ πŸ”—Source

  • An automotive pricing website, TrueCar says the cuts come in anticipation of the termination of its revenue-sharing partnership with USAA. The timing and scope of the layoff was further accelerated by COVID-19. Laid-off employees will receive 13 weeks of base pay plus 1 week for each additional year of service beyond the first, along with healthcare coverage through 2020.

🏒 Monzo βˆ™ 🌎 London βˆ™ πŸ‘© 120 employees (8%) βˆ™ πŸ”—Source

  • A London-based digital bank, Monzo is laying off 120 of its U.K. employees. This comes on top of the 165 employees it laid off when it shut down its Las Vegas customer support office in April. The company also previously furloughed 295 U.K. employees. As consumers pull back on spending, Monzo generates less revenue from the interchange fees on its debit card products.

🏒 Kitty Hawk βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© “Most of” a 70-person team βˆ™ πŸ”—Source

  • Backed by Google co-founder Larry Page, Kitty Hawk is shutting down its electric flying car initiative and laying off most of that team’s 70 employees. However, the company is still working on a different autonomous electric aircraft initiative. Laid-off employees will receive at least 20 weeks of severance based on tenure, along with health insurance coverage through the end of the year.

🏒 Acorns βˆ™ 🌎 Portlandβˆ™ πŸ‘© 55 employees βˆ™ πŸ”—Source

  • Last week, Portland Business Journals reported that Acorns was shutting down its Portland office. A source tells Layoffs.fyi that over 55 employees were laid off as well, and that the support team was offshored. According to the source, Acorns closed both its Portland and Delaware offices and laid off most of its staff in New York.

🏒 Rivian βˆ™ 🌎 Detroit βˆ™ πŸ‘© 40 employees (2%) βˆ™ πŸ”—Source

  • An electric vehicle company, Rivian confirmed it laid off 40 employees in its Plymouth, Michigan office. One laid-off employee tells Layoffs.fyi that the actual number may be higher. In another example of differing accounts, The Verge reported that “former employees say they believe the cuts were related to the stresses of the COVID-19 pandemic, though Rivian says they were performance-based.”

🏒 SpotHero βˆ™ 🌎 Chicago βˆ™ πŸ‘© 40 employees (21%)βˆ™ πŸ”—Source

  • An app that helps people find parking spots, SpotHero has now reduced its staff by 70 employees across two rounds of layoffs since March. Parking solutions are in less demand now that people are staying at home.

🏒 Fundbox βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 14 employees (15%) βˆ™ πŸ”—Source

  • A small business lending company, Fundbox announced a $20 million extension to its $326 million Series C in conjunction with the layoff. The company is also cutting management salaries by an unspecified amount. Fundbox says the COVID-19 crisis has harmed small and medium-sized businesses, which form the core of the company’s customer base.

🏒 MakerBot βˆ™ 🌎 New York City βˆ™ πŸ‘© 12 employees

  • A creator of 3D printers, MakerBot laid off a dozen employees amid declining revenues caused by school closures, according to an internal memo viewed by Layoffs.fyi. MakerBot’s layoff was part of a broader staffing cut by parent company Stratasys, which is laying off 240 employees in total.

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: Wed 4/29/20

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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘©982 employees (17%) βˆ™ πŸ”—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 βˆ™ 🌎 Boston βˆ™ πŸ‘©900 employees (25%) βˆ™ πŸ”—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 βˆ™ 🌎 London βˆ™ πŸ‘© 367 employees (15%) βˆ™ πŸ”—Source

  • An online food delivery service, Deliveroo blamed the layoff on the coronavirus pandemic. AlthoughΒ 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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 260 employees (10%) βˆ™ πŸ”—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 βˆ™ 🌎 Detroit βˆ™ πŸ‘© 100 employees (12%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 87 employees (15%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 80 employees (18%) βˆ™ πŸ”—Source

  • A mobile analytics startup, App Annie said the layoff would help it become self-sufficient.

🏒 Sisense βˆ™ 🌎 New York City βˆ™ πŸ‘© 80 employees (9%) βˆ™ πŸ”—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 βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 74 employees βˆ™ πŸ”—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 βˆ™ 🌎 New York City βˆ™ πŸ‘© 70 employees (5%) βˆ™ πŸ”—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.
Grailed

Men’s clothing marketplace Grailed conducted a layoff

🌎 New York City βˆ™ πŸ‘© At least 12 employees βˆ™ πŸ–₯ All departments

Grailed, an online marketplace for men’s clothing, conducted a layoff last week, according to a high-ranking HR employee. If you’re recruiting, see link belowπŸ‘‡for a spreadsheet of employees laid off.

Source: Google Sheets

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

Layoffs Roundup: Thurs 4/23/20

Almost 300 startups have now laid off nearly 30,000 employees since the coronavirus pandemic began.

Below are a few notable layoffs from this past week. 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!

🏒 Magic Leap βˆ™ 🌎 Miami βˆ™ πŸ‘© 1,000 employees (50%) βˆ™ πŸ”—Source

  • One of the most prominent augmented reality startups, Magic Leap decided to abandon its consumer business and instead focus on enterprise use cases. Despite raising over $2 billion in funding, the company has found it challenging to release a mainstream product or generate meaningful revenue.

🏒 Lending Club βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 460 employees (30%) βˆ™ πŸ”—Source

  • An online lender, Lending Club said its layoff was the result of tightening credit markets and a drop in demand for personal loans, the company’s flagship product.

🏒 Houzz βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 155 employees (10%) βˆ™ πŸ”—Source

  • An online platform for home remodeling, Houzz said that social distancing measures has led to lower demand for its pro subscriptions, which connect home remodeling professionals with potential customers. Houzz is providing laid-off employees with severance packages based on tenure and 3 months of benefits.

🏒 CarGurus βˆ™ 🌎 Boston βˆ™ πŸ‘© 130 employees (13%) βˆ™ πŸ”—Source

  • A marketplace for cars, CarGurus said that dealers have been forced to close due to stay-at-home orders, “effectively pausing vehicle sales.”

🏒 Greenhouse Software βˆ™ 🌎 New York City βˆ™ πŸ‘© 120 employees (28%) βˆ™ πŸ”—Source

  • A maker of applicant tracking software, Greenhouse is the latest recruiting startup to conduct a layoff. Competitor Lever laid off 86 employees (40%) a week before. Greenhouse is offering laid-off employees 8 weeks of severance and 8 months of healthcare.

🏒 ConsenSys βˆ™ 🌎 New York City βˆ™ πŸ‘© 91 employees (14%) βˆ™ πŸ”—Source

  • An incubator of Ethereum projects, ConsenSys cited the coronavirus pandemic as the cause of its layoff. However, the company did not elaborate on exactly how the pandemic has affected its business.

🏒 Casper βˆ™ 🌎 New York City βˆ™ πŸ‘© 78 employees (21%) βˆ™ πŸ”—Source

  • A direct-to-consumer mattress startup, Casper also decided to close its European operations. The company hopes the job cuts will help it achieve profitability by mid-2021. One laid-off employee said, “though I am unsure what tomorrow holds, I do know that before tomorrow must come a good night’s sleep.”

🏒 Freshbooks βˆ™ 🌎 Toronto βˆ™ πŸ‘© 38 employees (9%) βˆ™ πŸ”—Source

  • An accounting software company, Freshbooks said its small business customers have been affected by the economic fallout caused by the coronavirus. Freshbooks was planning to raise additional capital before COVID-19, suggesting that one motivation for the layoff was to extend the company’s cash runway.

🏒 Sweetgreen βˆ™ 🌎 Los Angeles βˆ™ πŸ‘© 35 employees (10%) βˆ™ πŸ”—Source

  • A fast casual salad chain, Sweetgreen’s business has plummeted because of shelter-in-place. An employee said that app order volume has fallen by 2/3. Sweetgreen raised $150 million in funding last year, becoming possibly the only salad restaurant ever to raise venture capital.

🏒 Patreon βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 30 employees (13%) βˆ™ πŸ”—Source

  • Patreon, which enables artists and creators to accept money from their fans, said that the layoff was caused by “several other factors beyond the financial ones.” It cited a recent performance review cycle and a new company strategy, in addition to the current economic uncertainty.

🏒 People.ai βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 30 employees (18%) βˆ™ πŸ”—Source

  • A maker of predictive sales software, People.ai denied that the coronavirus pandemic has had any negative effect on its business. It said the layoff was simply to protect against future uncertainty. As would be expected of a sales startup, People.ai also listed multiple examples of how the company is in an extremely strong position.

🏒 Lambda School βˆ™ 🌎 SF Bay Area βˆ™ πŸ‘© 19 employees βˆ™ πŸ”—Source

  • A training program for aspiring software engineers, Lambda School said the layoff was meant to reflect a shift in priority away from growth and towards student experience. The startup has recently received criticism for the quality of its program and for engaging in misleading marketing.
Trove

Trove Recommerce laid off 13 employees

🌎 San Francisco Bay Area βˆ™ πŸ‘© 13 employees βˆ™ πŸ–₯ All departments

Trove Recommerce, which helps retail brands manage their resale programs, laid off 13 employees last week, according to a company executive. The company provided us an opt-in spreadsheet of employees laid off. See below linkπŸ‘‡if you’re recruiting in the Bay Area.

Source: Google Sheets

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