🌎 San Francisco ∙ 👩 200 employees ∙ 🖥 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 👇).
The StubHub layoff list currently contains 72 ex-employees, primarily in San Francisco.
Stockwell AI is shutting down on July 1
🌎 San Francisco Bay Area ∙ 👩 Company shutdown (100%) ∙ 🖥 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 👇) 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 layoff list released
🌎 San Francisco Bay Area ∙ 👩 94 employees ∙ 🖥 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 👇), 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.
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.
Juul layoff list emerges; 1,550+ employees have been cut in the past year
🌎 San Francisco Bay Area ∙ 👩 1,550 employees ∙ 🖥 All departments
Juul, a maker of e-cigarettes, laid off 900 employees (30%) last month in a move unrelated to the coronavirus. The company has been mired in controversy over its role in the rise of underage vaping.
Juul also laid off 650 employees last October, bringing the total number of employees cut in the past year to 1,550.
In the wake of these layoffs, two separate lists of ex-Juul employees have emerged (see links below 👇). The official Juul Labs Alumni List contains 49 ex-employees actively looking for a job, though not all are from the most recent round of layoffs. The unofficial Juul layoff spreadsheet contains 79 ex-employees, but most were from last October’s layoff and may have already found new jobs.
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.
Brex laid off 62 employees to “prioritize building over growing”
🌎 San Francisco ∙ 👩 62 employees (15%) ∙ 🖥 All departments
Brex, which provides credit cards to other startups, announced Friday that it laid off 62 employees (15%). Brex said it was “restructuring the company to prioritize building over growing over the next year” due to the economic fallout from the coronavirus pandemic.
The company’s customers are predominantly other startups. As startups reduce their spending or go out of business, Brex makes less money from the interchange fees on its credit card product.
Brex is providing laid-off employees with 8 weeks of severance pay and health insurance through the end of 2020. The company is also waiving its 1-year equity cliff and extending the exercise period on vested stock options. Employees will be allowed to keep their company-issued computer.
See link below 👇 for an opt-in spreadsheet of employees laid off. 8 individuals were listed as of early Monday morning, but more may be added over time.
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.
EXCLUSIVE: Fintech startup PayJoy laid off 23 employees
🌎 San Francisco ∙ 👩 23 employees (25%) ∙ 🖥 All departments
PayJoy, a lending startup that enables customers without a bank account or credit history to buy smartphones on installment payments, laid off 23 employees (25%) on April 28. A company executive tells Layoffs.fyi that the employees’ last day will be on June 30.
PayJoy told employees that despite a very strong Q1, the company expects a large and uncertain impact on its revenue and fundraising prospects for the next year due to COVID-19. The layoff was intended to extend its cash buffer to weather the economic fallout from the pandemic. PayJoy has raised $71 million in equity and debt financing from Greylock, Union Square Ventures, and others.
The company shared with Layoffs.fyi a spreadsheet of 21 affected employees, including 12 in Engineering, that are open to being contacted about career opportunities (see link below 👇).
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.
Samsara lays off 300 employees, launches public alumni directory
🌎 San Francisco Bay Area, Atlanta ∙ 👩 300 employees (18%) ∙ 🖥 All departments
Samsara, which makes Internet-connected sensors that help industrial companies optimize their operations, laid off 300 employees yesterday (18%). The company also raised $400 million at a lower valuation ($5.4 bn) than the one from its September raise ($6.3 bn).
Samsara blamed the economic downturn for its layoff without specifying details, though its down round suggests that the company was operating without enough cash to last through the pandemic.
Samsara is also implementing other cost-cutting measures such as slashing executive salaries by 30% for the rest of the year, cutting non-essential spending, and freezing hiring for 6 months.
Following the example set by Airbnb and Uber, the company launched an official Samsara talent directory (see link below 👇 ). The Samsara layoff list features 100 ex-employees, mostly in the Bay Area.
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.
Official Uber layoff list goes live; over 500 ex-employees listed
🌎 Multiple locations ∙ 👩 3,000 employees (13%) ∙ 🖥 All departments
On Monday, Uber laid off 3,000 additional employees on top of the 3,700 employees cut two weeks ago. In a memo to the team, Uber’s CEO alluded to the creation of a public alumni talent directory as part of the company’s efforts to support departing employees.
That Uber alumni directory is now live. Similar to the official Airbnb layoff list, Uber’s version allows recruiters and hiring managers to filter laid-off employees by location and role. Additional details include whether the person is open to relocation and/or remote work, and any experience managing people.
See below link 👇for the official Uber layoff list, as well as an unofficial Uber layoffs list that we posted previously.
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.
SF-based Ridecell laid off 35 employees, half of whom are engineers
🌎 San Francisco Bay Area ∙ 👩 35 employees (15%) ∙ 🖥 Engineering
Ridecell, an operations platform for ride-sharing companies, laid off 35 employees (15%) last Thursday, according to a laid-off employee. Its customers are presumably struggling right now due to the nationwide lockdowns.
Ridecell joins the many transportation startups that have conducted layoffs during the coronavirus pandemic. Just yesterday, Uber increased the count of its May layoffs to 6,700 employees. Lyft laid off nearly 1,000 employees in late April. Kid-friendly ride sharing companies Zum and HopSkipDrive have also done layoffs.
See link below 👇for an opt-in list of Ridecell employees laid off, which includes 16 engineers in the Bay Area.
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.
Uber lays off 3,000 more employees, on top of the 3,700 laid off earlier this month
🌎 SF Bay Area ∙ 👩 3,000 employees (13%) ∙ 🖥 All departments
As Layoffs.fyi forecasted last week, Uber laid off 3,000 more employees this morning. This comes on top of the 3,700 employees Uber cut two weeks ago, and brings the total to 6,700 laid off (25% of staff).
In conjunction with the layoff, Uber is also closing down 45 offices, winding down its product incubator and AI labs, pursuing strategic alternatives for Uber Works, and re-evaluating its self-driving units.
Nationwide shelter-in-place orders have hammered Uber’s ridesharing business. Its core business has fallen around 80% during the pandemic. Meanwhile, growth from Uber’s food delivery business has not been enough to offset the decline.
Uber previously told staff that laid-off employees would receive 10 weeks of severance pay and healthcare coverage through the end of 2020.
In addition to the 6,700 employees let go by Uber this month, the company has also cut 536 employees from Middle East subsidiary Careem, as well as all 400-500 employees from e-scooter subsidiary Jump.
See link below 👇for an existing unofficial list of 400+ employees laid off from Uber, mostly from the May 5 layoff. Expect this list to grow a lot bigger in the coming days.
UPDATE: An official Uber layoff list has been created. Added link below.
Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.