Alto Pharmacy

Alto Pharmacy lays off 47 employees

🌎 San Francisco, CA βˆ™ πŸ‘© 47 employees (6%) βˆ™ πŸ–₯ Multiple departments

Alto Pharmacy, an online delivery startup for prescription drugs, laid off 47 employees (6%), a company executive told Layoffs.fyi. The San Francisco-based startup is just months removed from a $250 million funding round led by Softbank.

The COVID-19 pandemic has been a boon to telemedicine and prescription delivery startups in general. With fresh funding in the bank and the tailwinds of the pandemic, it’s not clear why Alto needed to perform a layoff.

Alto sent the following written statement:

Last week we made the difficult decision to eliminate a small percentage of the roles at Alto. As we continue to scale, we recognize the need to streamline operations and reallocate resources to better serve our customers and our continued long term growth. For those affected, we are grateful for their contributions to Alto and are working to support them with a significant severance and extended healthcare coverage. We are continuing to hire for roles critical to our mission and the service of our patients. We have never been more encouraged about our progress in building Alto and the need for a better pharmacy experience.

The company also prepared a talent directory to increase visibility for laid-off employees (see link below πŸ‘‡)

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

LinkedIn

LinkedIn launches official talent directory after laying off 960 employees

🌎 Multiple locations βˆ™ πŸ‘© 960 employees (6%) βˆ™ πŸ–₯ Multiple departments

LinkedIn, the professional networking site, laid off 960 employees (6%) across its Global Sales and Talent Acquisition teams in late July. Today the company launched an opt-in talent directory featuring hundreds of its recently-departed alumni (see link πŸ‘‡).

The directory includes people with experience in customer success, recruitment, and sales management in North and South America, Europe, and the Asia-Pacific regions, according to a company blog post.

Not surprisingly, LinkedIn’s alumni talent directory was built inside LinkedIn’s own product. After logging in to LinkedIn, hiring managers and recruiters can filter candidates by connections, locations, job title, and job type. They can then browse each candidate’s LinkedIn profile and send a LinkedIn message to those they’re interested in.

All of these features resemble the LinkedIn Recruiter product that sits within the company’s Talent Solutions business. Ironically, it is the Talent Solutions business that catalyzed the company’s layoff in the first place, having suffered due to a slowdown in hiring during the pandemic.

The LinkedIn layoff list features over 400 ex-employees globally.

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

Pared

Pared layoff list surfaces

🌎 San Francisco Bay Area, New York City βˆ™ πŸ‘© At least 16 employees βˆ™ πŸ–₯ Multiple departments

Pared, a hiring marketplace for the food industry, conducted a significant layoff. With restaurants across the country under extreme pressure due to lockdown orders, there’s not much hiring happening in the food industry right now.

Pared released a layoff spreadsheet this week (see link πŸ‘‡). The list includes 16 former employees in the San Francisco Bay Area and New York City, including several software engineers.

Headquartered in San Francisco, Pared has raised just under $14 million to date.

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

Checkr

Checkr lays off 64 employees

🌎 San Francisco, Denver βˆ™ πŸ‘© 64 employees (12%) βˆ™ πŸ–₯ Multiple departments

Checkr, a startup that provides background checks to companies like Uber, Lyft, Instacart, laid off 64 employees (12%) last Thursday. The company has been hurt from a hiring slowdown by its clients during the pandemic.

A company executive provided Layoffs.fyi with an opt-in list of Checkr alumni (see link πŸ‘‡). The Checkr layoff list features 43 impacted employees across multiple departments in its San Francisco and Denver offices.

Laid-off employees will receive 2 to 4 months of severance pay and one year of health insurance benefits. The company also removed the one-year vesting cliff for employee stock options.

In late 2019, Checkr raised funding at a valuation of $2.2 billion.

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

Intercom

Intercom launches layoff list after laying off 39 employees

🌎 San Francisco βˆ™ πŸ‘© 39 employees (6%) βˆ™ πŸ–₯ Multiple departments

A maker of customer messaging software, Intercom laid off 39 employees in May. The company said it was also relocating 47 roles in its marketing and R&D teams from San Francisco to Dublin.

Yesterday the company began publicizing an Intercom Talent Directory to help affected employees find new opportunities (see link πŸ‘‡). The Intercom layoff list features 25 ex-employees across multiple functions, including 7 engineers in San Francisco.

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

Sharethrough

Adtech startup Sharethrough lays off 18 employees

🌎 San Francisco βˆ™ πŸ‘© 18 employees (22%) βˆ™ πŸ–₯ Sales and marketing

Sharethrough, a digital advertising exchange, laid off 18 employees today (22%). The downsizing primarily affected the company’s sales and marketing teams.

In a blog post, Sharethrough said that its business has been impacted by COVID-19, though there were signs of recovery in June. Brands have been pulling back their advertising spending during the economic slowdown, triggering layoffs at digital advertising firms as well as media companies dependent on ad revenue.

Sharethrough and other ad exchanges may be facing other headwinds beyond economic conditions. Recent initiatives by Apple and Google to restrict data tracking in browsers and mobile apps have the potential to severely shake up an entire advertising ecosystem that depends on this data to target and attribute digital ads. While Sharethrough did not cite this as a factor for its layoff, the company previously shut down its European operations due to restrictions in ad tracking imposed by GDPR.

To help laid-off employees, Sharethrough put together an opt-in list that it shared with Layoffs.fyi (see link below πŸ‘‡).

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

Dark

Programming service Dark releases layoff list

🌎 San Francisco Bay Area βˆ™ πŸ‘© At least 6 employees βˆ™ πŸ–₯ Engineering

UPDATE: Dark’s co-founder Paul Biggar clarified to Layoffs.fyi that the company will continue operating, with Paul as the sole employee.

Dark, a programming language and service, released a layoff list last week. The Dark layoff list features 4 engineers, 1 designer, and 1 business person. All of them are either remote or in the San Francisco Bay Area.

Dark’s LinkedIn page no longer lists any active employees other than the founders, suggesting that the entire company has shut down. Dark raised a $3.5 million seed round in 2017.

Source: Google Sheets

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

StubHub

StubHub shifts 200 of its furloughed employees into permanent layoffs

🌎 San Francisco βˆ™ πŸ‘© 200 employees βˆ™ πŸ–₯ Multiple departments

Back in March when the coronavirus first became a pandemic, online ticket marketplace StubHub furloughed 450 employees (2/3 of its North American workforce). Now, the company says that 200 of those employees will be permanently laid off, as live events continue to be shut down.

Due to their increased risk of disease transmission, mass gatherings like concerts and sports games will be one of the last activities to be reopened. It follows that ticket marketplaces like StubHub are among the tech businesses worst-affected by the coronavirus. Just weeks before the pandemic, Viagogo agreed to acquire StubHub from eBay for $4 billion, a deal which Forbes recently dubbed the “Worst. Deal. Ever.” due to its unfortunate timing.

In the wake of the restructuring, the company created an official StubHub talent directory “for recruiters and hiring managers to easily sort through the skills and experience of this community” (see link πŸ‘‡).

The StubHub layoff list currently contains 72 ex-employees, primarily in San Francisco.

Source: StubHub.com

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

Stockwell Logo

Stockwell AI is shutting down on July 1

🌎 San Francisco Bay Area βˆ™ πŸ‘© Company shutdown (100%) βˆ™ πŸ–₯ All departments

A smart vending machine startup, Stockwell AI says it will be shutting down on July 1. The vending machine industry has suffered business losses of up to 90%, due to sanitation concerns during COVID-19 and the trend of people staying at home.

Stockwell has a layoff list (see link πŸ‘‡) that dates back to February, but it’s unclear how many of the folks on this list are still looking for jobs.

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

Newfront Insurance

Newfront Insurance layoff list released

🌎 San Francisco Bay Area βˆ™ πŸ‘© 94 employees βˆ™ πŸ–₯ All departments

Newfront Insurance, a commercial insurance brokerage, laid off 94 employees in April. The company said at the time that the layoff was concentrated in its engineering, recruiting, strategic growth, and operations teams. It added that the cuts were “business-related and not in any way reflective of these individuals’ performance.”

On Friday, the company released a Newfront Alumni List (see link πŸ‘‡), designed to “keep track of the talented people now looking for their next adventure.” The official Newfront layoff list contains 23 ex-employees actively looking for a job, mostly from their Operations and People & Talent functions.

Newfront offered laid-off employees severance packages and extensions of the exercise window on stock options. The company also said it slashed most of its executive pay by 20% and cut its co-founders’ salaries to zero.

Source: Coda.io

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