Uber

Official Uber layoff list goes live; over 500 ex-employees listed

🌎 Multiple locations βˆ™ πŸ‘© 3,000 employees (13%) βˆ™ πŸ–₯ 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 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 πŸ‘‡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.

Uber

Uber lays off 3,000 more employees, on top of the 3,700 laid off earlier this month

🌎 SF Bay Area βˆ™ πŸ‘© 3,000 employees (13%) βˆ™ πŸ–₯ 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 πŸ‘‡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.

Startup layoffs slowing down, but more employees laid off on average

Finally, some long-awaited good news: the number of newly-reported startup layoffs has been steadily declining for the past 5 weeks, today’s Uber layoff not withstanding. After a coronavirus record of 99 startups conducted layoffs in the first week of April, this past week saw only 22 startups cut jobs, a decline of 78%.

Unfortunately, the number of employees laid off has not benefited from a similar trend. During that same 5-week period, the number of new employees laid off per week dropped from 7,692 to 6,562, a decline of just 15%.

Part of the reason is that even though fewer startups are laying off, the average layoff has gotten bigger. Last week, Stone laid off 1,300 employees and Deliv laid off 669 employees. The week before, Airbnb laid off 1,900, and Juul laid off 900. Including today’s layoff, Uber has cut 6,700 employees in May alone.

In fact, 4 of the 10 biggest tech layoffs since COVID-19 have occurred in just the past two weeks.

Company# Laid Off%IndustryDate
Uber6,70025%Transportation5/6, 5/18
Groupon2,80044%Retail4/13
Airbnb1,90025%Travel5/5
Stone1,30020%Finance5/12
Toast1,30050%Food4/7
Magic Leap1,00050%Consumer4/22
Yelp1,00017%Consumer4/9
Lyft98217%Transportation4/29
Juul90030%Consumer5/5
TripAdvisor90025%Travel4/28

In the early weeks of the coronavirus pandemic, smaller cash-strapped startups were the first to conduct layoffs to avoid going out of business. Later-stage startups and recently-public tech companies had more buffer to hold off on layoffs due to their larger cash reserves. At the time, smaller travel startups like Lola, Remote Year, and WanderJaunt were laying off dozens of employees each even though the likes of Airbnb and TripAdvisor hadn’t yet cut staff.

Two months into nationwide lockdowns, these bigger tech companies couldn’t keep holding off. They’ve now also had enough time to properly budget, plan, and execute their layoffs, something that takes longer at a 4,000-person company than a 40-person one. Small wonder that in the first half of May, it’s felt like dominoes falling when it comes to late-stage startup layoffs.

The media has also started selectively covering only the bigger startup layoffs, as layoffs have gotten too frequent to keep up. We’re still trying, though! The Layoffs.fyi Tracker has counted 430+ startups that have laid off 50,000+ employees since the coronavirus was declared a pandemic, though there are hundreds more layoffs that haven’t been reported publicly.

Uber just announced another mass layoff today, and WeWork expects to continue performing rolling layoffs through the end of the month. But once the smoke clears from those layoffs, will we finally see some ecosystem renewal? Here’s hoping.

Uber

Uber laid off 3,700 employees, with more expected

🌎 SF Bay Area, NYC, Chicago, Phoenix βˆ™ πŸ‘© 3,700 employees (14%) βˆ™ πŸ–₯ Customer support, recruiting

Uber, the ridesharing service, laid off 3,700 employees (14%) last Wednesday. The layoff was concentrated in the company’s customer support and recruiting teams. Uber CEO’s letter to staff strongly hinted that more cuts are coming in the next week, including in engineering and product.

The Information reported that as many as 5,400 employees are expected to ultimately be laid off. However, one source tells Layoffs.fyi the total count could be as high as 6,700. In addition, 400-500 employees are reportedly being cut from Uber’s subsidiary Jump, which is being offloaded to Lime as part of Uber’s investment in the electric scooter company.

See link below πŸ‘‡for a crowdsourced list of 250+ employees laid off from Uber.

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

Uber and Airbnb’s layoffs rank as two of the biggest in tech since COVID-19

This morning, Uber announced it was laying off 3,700 employees (14%) in its customer support and recruiting teams. The CEO’s letter to staff strongly hints that more cuts are coming in the next two weeks. As many as 5,400 employees are expected to ultimately be laid off.

Yesterday, Airbnb laid off 1,900 employees (25%) across all teams. It expects revenue to fall by more than half in 2020 as global travel stays frozen.

This means that in the past two days alone, we’ve seen two of three biggest tech layoffs since the coronavirus was declared a pandemic on March 11:

Company# Laid Off%IndustryDate
Uber3,70014%Transportation5/6
Groupon2,80044%Retail4/13
Airbnb1,90025%Travel5/5
Toast1,30050%Food4/7
Yelp1,00017%Consumer4/9
Magic Leap1,00050%Consumer4/22
Lyft98217%Transportation4/29
TripAdvisor90025%Travel4/28

Not surprisingly, nearly all of these mass layoffs — including Uber’s and Airbnb’s — can be attributed to shelter-in-place orders. Our previous analysis showed that 2/3 of startup employees laid off have come from industries directly affected by shelter-in-place, such as transportation, travel, real estate, food, and fitness. The layoffs have hurt sales and customer success roles most.

Unfortunately, more big layoffs are still to come. Juul is reportedly planning to lay off 800 to 950 employees, roughly one-third of staff. WeWork, which has already cut thousands of employees across multiple rounds of layoffs, expects to continue making cuts through the end of May. Square has managed to avoid a layoff so far, but remains exposed to small business customers in food and retail that have been shutting down en masse.

Our live Layoffs Tracker is tracking all startup layoffs, and has now tallied over 42,000 employees laid off across 374 companies. Best wishes to those affected and here’s hoping that we reach the bottom soon.