Layoffs Roundup: Thurs 3/26/20

Coronavirus-related tech layoffs continue to pile up this week, particularly in real estate and travel. 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!

Real estate

  • Sonder, which offers short-term apartment rentals, laid off or furloughed 400 employees. Bookings are down 20% at the company’s 5,000 apartments.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 400 employees (33%) βˆ™ πŸ”—The Real Deal
  • Zeus Living, which rents out furnished apartments on a monthly basis to business travelers, laid off 80 employees.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 80 employees (30%) βˆ™ πŸ”—Crunchbase News
  • The Guild, which offers short-term stays at luxury apartments, laid off 38 employees.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 38 employees (22%) βˆ™ πŸ”—Austin Inno

Travel

  • TripActions, whose software helps companies manage corporate travel, laid off 300 workers. The layoffs primarily affected customer support, recruiting, and sales. Employees were notified of the layoff via a group Zoom call.
    • 🌎 Palo Alto βˆ™ πŸ‘©β€πŸ’Ό 300 employees (25%) βˆ™ πŸ”—TechCrunch
  • Cabin, a luxury sleeper-bus service, laid off an unknown (but likely small) number of employees.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—The Information

Other industries

  • Leafly, an online resource on cannabis, laid off 91 employees.
    • 🌎 Seattle βˆ™ πŸ‘©β€πŸ’Ό 91 employees (50%) βˆ™ πŸ”—GeekWire
  • Foodsby, which delivers restaurant food to office buildings, laid off 80 people. Demand is down since restaurants are closing and customers are no longer going into the office.
    • 🌎Minneapolis βˆ™ πŸ‘©β€πŸ’Ό 80 employees (67%) βˆ™ πŸ”—Minne Inno
  • Rangle, a development agency, initiated a temporary layoff for 78 staffers. Rangle’s clients are paring back spending due to the coronavirus pandemic.
    • 🌎 Toronto βˆ™ πŸ‘©β€πŸ’Ό 78 employees (30%) βˆ™ πŸ”—BetaKit
  • OutboundEngine, which creates marketing software for small businesses, laid off 52 employees.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 52 employees (28%) βˆ™ πŸ”—BizJournals
  • Wonderschool, which helps people start their own in-home preschools or daycares, laid off 50 employees. Shelter-in-place orders means that parents are keeping their kids at home.
    • 🌎 San Francisco βˆ™ πŸ‘©β€πŸ’Ό 50 employees (75%) βˆ™ πŸ”—EdSurge
  • SpotHero, an app that helps people find parking spots, laid off an unknown number of employees. Urban parking isn’t a problem when people are staying at home.
    • 🌎 Chicago βˆ™ πŸ‘©β€πŸ’Ό Unknown # affected βˆ™ πŸ”—Chicago Inno
  • Eight Sleep, an online mattress retailer, laid off 20% of staff.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 20% of staffβˆ™ πŸ”—The Information

Layoffs Roundup: Tues 3/24/20

The first wave of tech layoffs due to the coronavirus pandemic have hit startups that facilitate physical space like homes and offices. Check out our Layoffs Tracker for a comprehensive, real-time report.

  • Compass, the real estate brokerage, laid off 375 staffers. It has seen showings drop by 60% as people stay home during the pandemic.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 375 employees (15%) βˆ™ πŸ”—The Real Deal
  • Convene, which provides flexible office space, laid off 150 people, citing fallout from the coronavirus.
    • 🌎 New York City βˆ™ πŸ‘©β€πŸ’Ό 150 employees (18%) βˆ™ πŸ”—Commercial Observer
  • Remote Year, which facilitates remote work while traveling abroad, laid off 50 employees. Travel has been severely disrupted by the coronavirus pandemic.
    • 🌎 Chicago βˆ™ πŸ‘©β€πŸ’Ό 50 employees (50%) βˆ™ πŸ”—TechCrunch
  • Yonder, which helps identify disinformation online using AI, laid off 18 employees to increase runway.
    • 🌎 Austin βˆ™ πŸ‘©β€πŸ’Ό 18 employees βˆ™ πŸ”—Austin Inno

If you’ve seen a layoff spreadsheet for any of these companies, please let us know!

Lola

Lola lays off 34 employees due to impact of the coronavirus

🌎 Boston βˆ™ πŸ‘©β€πŸ’Ό 34 employees (29%) βˆ™ πŸ–₯ All departments

Lola, a corporate travel management tool, laid off 34 employees (see link below for the listπŸ‘‡). 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.

Source: Google Sheets

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

Oyo

Oyo lays off 1,800 in India and China

🌎 Various cities across India and China βˆ™ πŸ‘©β€πŸ’Ό 1,800 employees (9%) βˆ™ πŸ–₯ Various business roles

Oyo, an India-based budget hotel chain, is laying off 1,800 employees across India and China (9% of staff), and plans to lay off another 1,200 in India in the coming months. The startup has raised a staggering $3.2 billion and was most recently valued at $10 billion by SoftBank. Its fast growth has come with commensurately large losses.