Tag: SaaS

Layoffs Roundup: Tues 4/14/20

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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 ∙ 👩 2,800 employees (44%) ∙ 🔗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 ∙ 👩 201 employees ∙ 🔗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 ∙ 👩 165 employees ∙ 🔗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 ∙ 👩 150 employees (10%) ∙ 🔗Source
  • Omie, a Brazilian startup that sells business management software to small businesses, laid off 136 employees (15%).
    • 🌎 Sao Paulo ∙ 👩 136 employees (15%) ∙ 🔗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 Francisco∙ 👩 100 employees (10%) ∙ 🔗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 ∙ 👩 90 employees (10%) ∙ 🔗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 ∙ 👩 40 employees (32%)∙ 🔗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 ∙ 👩 36 employees (15%) ∙ 🔗Source

Managed By Q

Remainder of Managed By Q team furloughed or laid off by Eden

Layoff list, , ,

🌎 New York City ∙ 👩‍💼 100% of employees ∙ 🖥 All departments

UPDATE: More details have been reported by Commercial Observer.

The remainder of Managed By Q’s staff has been either laid off or furloughed by Eden, who purchased the company from WeWork in March. Like Eden, Managed By Q facilitates office management services like cleaning, but it appears Eden was more interested in picking up Managed By Q’s customers and assets rather than the team. See link below 👇for a list of 75+ people that have been affected, including those who were part of a separate round of layoffs one month ago.

View list of employees laid off ->
The Predictive Index

The Predictive Index lays off 59 employees

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🌎 Boston ∙ 👩‍💼59 employees ∙ 🖥 All departments

The Predictive Index, which makes talent optimization software, laid off 59 employees (if you’re recruiting, see link below for a list of departed employees 👇). A company executive cited the economic impact of the coronavirus outbreak. The Predictive Index raised $50 million from General Catalyst last year.

View list of employees laid off ->

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

Layoffs Roundup: Thurs 4/2/20

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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 ∙ 👩‍💼 250 employees (18%) ∙ 🔗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 ∙ 👩‍💼 194 employees (41%) ∙ 🔗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 ∙ 👩‍💼 120 employees (25%) ∙ 🔗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 ∙ 👩‍💼 108 employees (30%) ∙ 🔗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 ∙ 👩‍💼 100 employees
  • uShip, which makes shipping software, laid off 65 employees (37%).
    • 🌎 Austin ∙ 👩‍💼 65 employees (37%) ∙ 🔗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 ∙ 👩‍💼 52 employees (12%) ∙ 🔗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.

TripActions

TripActions laid off 300 employees via a group Zoom call

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🌎 Palo Alto ∙ 👩‍💼 300 employees (25%) ∙ 🖥 Customer support, recruiting, sales

TripActions, whose software helps companies manage corporate travel, laid off 300 workers last week (see link below for the list👇). The layoffs primarily affected customer support, recruiting, and sales. The company blamed the layoff on the decline in business travel, but got flack for notifying employees about the news via a group Zoom call.

View list of employees laid off ->

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

Layoffs Roundup: Mon 3/30/20

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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 ∙ 👩‍💼 400 employees (39%) ∙ 🔗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 ∙ 👩‍💼 250 employees ∙ 🔗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 ∙ 👩‍💼 200 employees ∙ 🔗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.
  • 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 ∙ 👩‍💼 100 employees (25%) ∙ 🔗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 ∙ 👩‍💼 Hundreds of employees ∙ 🔗BBC
  • Zipcar, the rental car company, laid off 20% of staff. The travel industry continues to be disrupted by the coronavirus.
    • 🌎 Boston ∙ 👩‍💼 Hundreds of employees (20%) ∙ 🔗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.
  • Textio, which helps companies write better job descriptions, laid off 30 employees (20%).
    • 🌎 Seattle ∙ 👩‍💼 30 employees (20%) ∙ 🔗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 ∙ 👩‍💼 50% of corporate employees ∙ 🔗Retail Dive
  • Pivot3, which develops hyperconverged infrastructure, laid off a significant portion of its 250 employees.
  • DataRobot, which helps companies manage their machine learning models, significantly reduced headcount.
    • 🌎 Boston ∙ 👩‍💼 Unknown # affected ∙ 🔗BostonInno
Lola

Lola lays off 34 employees due to impact of the coronavirus

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🌎 Boston ∙ 👩‍💼 34 employees (29%) ∙ 🖥 All departments

Lola, a corporate travel management tool, laid off 34 employees (see link below for the list👇). This is one of the first startup layoffs directly related to the coronavirus. Lola has raised $82 million to date from Accel, General Catalyst, and CRV and now has 82 employees remaining.

View list of employees laid off ->

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

Managed By Q

Managed By Q lays off 75 as part of WeWork divestiture

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🌎 New York City ∙ 👩‍💼 75 employees (71%) ∙ 🖥 All departments

Managed By Q, a platform that facilitates office management services like cleaning, is laying off the vast majority of its staff as part of its sale from parent company WeWork to former competitor Eden. The layoff impacts 75+ people (see link below for the list👇).

View list of employees laid off ->