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.

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.

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

Layoffs Roundup: Thurs 4/16/20

Layoffs continue to ripple through the startup ecosystem. Notable events from the past 2 days include a 35% layoff from Opendoor and a 30% layoff from VSCO.

Below are a few other recent layoffs. Check our 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!

  • The RealReal, an online marketplace for consigned luxury goods, laid off 10% of its employees and furloughed another 15%. Retailers and e-commerce companies have been among the hardest hit by the coronavirus pandemic, due to stay-at-home orders and a pullback in consumer discretionary spending.
    • 🌎 SF Bay Area βˆ™ πŸ‘© 235 employees (10%) βˆ™ πŸ”—Source
  • GoPro, which makes action cameras, said it will cut over 200 employees. With fewer opportunities to sell through retail stores, the company will shift its focus to selling directly online.
    • 🌎 SF Bay Area βˆ™ πŸ‘© 200 employees (20%) βˆ™ πŸ”—Source
  • Zume, which uses robots to make pizza while it’s being delivered, laid off 2/3 of its team. The CEO decided against using similarly-named Zoom to announce the layoff, choosing instead to send out a company-wide email.
    • 🌎 SF Bay Area βˆ™ πŸ‘© 200 employees (67%) βˆ™ πŸ”—Source
  • Carta, which makes software that helps companies manage the equity they’ve issued to investors and employees, laid off 161 people (16%). It believes a slower economy will lead to fewer customers than originally projected. Carta is providing affected employees 3 months of pay and healthcare insurance until the end of the year.
    • 🌎 SF Bay Area βˆ™ πŸ‘© 161 employees (16%) βˆ™ πŸ”—Source
  • TouchBistro, a point-of-sale system for restaurants, laid off 131 employees (23%). Most of its restaurant customers have closed due to shelter-in-place.
    • 🌎 Toronto βˆ™ πŸ‘© 131 employees (23%) βˆ™ πŸ”—Source
  • Neon, a Brazil-based digital bank, laid off 70 employees (10%). Other Brazilian fintech startups like C6 Bank and Creditas have also recently conducted layoffs.
    • 🌎 Sao Paulo βˆ™ πŸ‘© 70 employees (10%)βˆ™ πŸ”—Source
  • Envoy, which makes a front desk visitor sign-in system, laid off 30% of its staff (58 employees). Its business has been affected by office closures across the country.
    • 🌎 SF Bay Area βˆ™ πŸ‘© 58 employees (30%) βˆ™ πŸ”—Source

Layoffs Roundup: Tues 4/14/20

The Layoffs.fyi Tracker has now confirmed 230 startups w/ layoffs and 22,000 employees laid off since the coronavirus was declared a pandemic.

Below are a few of the recent layoffs. Check our 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!

  • Groupon, a marketplace for discounts from local businesses, said it expects to lay off or furlough 44% of its team (2,800 employees). Previous reports suggested that only the sales and sales operations teams were affected, but the company’s announcement confirms a significantly deeper cut. Groupon has seen a “material deterioration” in its business due to the closure of local businesses it works with.
    • 🌎 Chicago βˆ™ πŸ‘© 2,800 employees (44%) βˆ™ πŸ”—Source
  • Meow Wolf, an art collective that creates interactive experiences, laid off 201 employees. Its art installations and live events have been cancelled due to shelter-in-place.
    • 🌎 Santa Fe βˆ™ πŸ‘© 201 employees βˆ™ πŸ”—Source
  • Monzo, an online bank, closed its Las Vegas office and laid off all 165 customer support employees there. The decision was in the works prior to the coronavirus pandemic.
    • 🌎 Las Vegas βˆ™ πŸ‘© 165 employees βˆ™ πŸ”—Source
  • OneTrust, which makes software that helps companies comply with privacy regulations, laid off 10-15% of its 1,500 employees. The company raised funding at a $2.7 billion valuation just two months ago.
    • 🌎 Atlanta βˆ™ πŸ‘© 150 employees (10%) βˆ™ πŸ”—Source
  • Omie, a Brazilian startup that sells business management software to small businesses, laid off 136 employees (15%).
    • 🌎 Sao Paulo βˆ™ πŸ‘© 136 employees (15%) βˆ™ πŸ”—Source
  • Zoox, a maker of self-driving taxis, is laying off 100 employees (10%). The news comes just one week after it laid off all 120 of its contract workers, including its backup drivers. Shelter-at-home orders have affected Zoox’s ability to continue testing its self-driving vehicles.
    • 🌎 San Franciscoβˆ™ πŸ‘© 100 employees (10%) βˆ™ πŸ”—Source
  • Domo, which creates business intelligence software to help executives manage their business, cut roughly 10% of its staff (about 90 people). The layoff was needed to ensure the company wouldn’t run out of money.
    • 🌎 Salt Lake City βˆ™ πŸ‘© 90 employees (10%) βˆ™ πŸ”—Source
  • Clinc, which uses AI to create virtual assistants, laid off 32% of its staff (40 employees). In February, the company’s CEO resigned after employee complaints of inappropriate behavior.
    • 🌎 Ann Arbor βˆ™ πŸ‘© 40 employees (32%)βˆ™ πŸ”—Source
  • Mejuri, a startup that sells fine jewelry, laid off 15% of its team. Its retail stores have been closed since late March due to the ban on non-essential businesses.
    • 🌎 Toronto βˆ™ πŸ‘© 36 employees (15%) βˆ™ πŸ”—Source

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

Layoffs Roundup: Mon 3/30/20

Since Thursday, unicorn startups ZipRecruiter, WeWork, Knotel, Getaround, and OneWeb have each laid off hundreds of employees, and over 20 startups in total have cut jobs.

Below are a few of the recent 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!

  • ZipRecruiter, the online hiring marketplace, laid off over 400 employees (39%). The company has seen its customers drastically slow down hiring and expects to miss revenue projections.
    • 🌎 Santa Monica βˆ™ πŸ‘©β€πŸ’Ό 400 employees (39%) βˆ™ πŸ”—WSJ
  • WeWork, the co-working company, laid off 250 employees. This follows a previous round of layoffs in November, but is supposedly unrelated to the coronavirus pandemic.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 250 employees βˆ™ πŸ”—Reuters
  • Everlane, an e-commerce site for luxury clothing, laid off or furloughed 200 workers, primarily in their retail and backend operations functions.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 200 employees βˆ™ πŸ”—WWD
  • Knotel, which leases office space to companies, laid off 127 employees (30%) and furloughed an additional 68 employees (20%). The layoffs affected multiple departments and locations. Real estate startups like Knotel continue to suffer due to the coronavirus pandemic.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 127 employees (30%) βˆ™ πŸ”—Commercial Observer
  • Getaround, the car sharing startup, laid off 100 employees (25%). This follows a previous round of layoffs in January. Getaround is suffering from both the coronavirus pandemic as well as a pullback in funding from its main backer, Softbank.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 100 employees (25%) βˆ™ πŸ”—BizJournals
  • OneWeb, which builds satellites that provide internet access, filed for bankruptcy and announced layoffs. It said it had failed to secure further funding.
    • 🌎 London βˆ™ πŸ‘©β€πŸ’Ό Hundreds of employees βˆ™ πŸ”—BBC
  • Zipcar, the rental car company, laid off 20% of staff. The travel industry continues to be disrupted by the coronavirus.
    • 🌎 Boston βˆ™ πŸ‘©β€πŸ’Ό Hundreds of employees (20%) βˆ™ πŸ”—BostonInno
  • Restaurant365, which makes restaurant management software, laid off a “big chunk” of its 400 employees. It has seen a 75% decline in YoY sales.
    • 🌎 Irvine βˆ™ πŸ‘©β€πŸ’ΌUnknown # affected βˆ™ πŸ”—Crunchbase News
  • Textio, which helps companies write better job descriptions, laid off 30 employees (20%).
    • 🌎 Seattle βˆ™ πŸ‘©β€πŸ’Ό 30 employees (20%) βˆ™ πŸ”—Geekwire
  • B8ta, a retailer for consumer electronics and home goods, laid off over half of its corporate staff and furloughed its retail employees.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 50% of corporate employees βˆ™ πŸ”—Retail Dive
  • Pivot3, which develops hyperconverged infrastructure, laid off a significant portion of its 250 employees.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—Blocks and Files
  • DataRobot, which helps companies manage their machine learning models, significantly reduced headcount.
    • 🌎 Boston βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—BostonInno