layoffs

Namely, a former high flier, slashes staff as demand for its HR software dries up in the pandemic

Namely, an eight-and-a-half-year-old, New York-based company that sells payroll, talent management and other HR services to mid-size businesses across the U.S. via subscription software, has let go of

Juul is reportedly laying off 800 to 950 employees

Juul is set to eliminate between 800 to 950 jobs, according to a new report from The Wall Street Journal. Those massive cuts would amount to around a third of the Bay Area vaping giant’s entire work

Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count b

TripAdvisor will cut almost 25% of its workforce as the travel industry languishes

In a blog post, TripAdvisor CEO and co-founder Stephen Kaufer announced that the company would be reducing its workforce in light of the COVID-19 pandemic, which has wrought particular havoc on the tr

Manufacturing startup Divergent 3D reduces staff by one-third

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations

Magic Leap reportedly slashes 1,000 jobs and steps away from consumer plans

Magic Leap laid off a “number of employees” this morning and announced they were backing away from their consumer ambitions to focus more heavily on selling to enterprise customers. Bloomb

Casper winds down European operations and lays off 78 people

Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21

Indian food delivery startup Swiggy is cutting about 1,000 jobs

Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has dra

Sales startup People.ai lays off 18% of staff, raises debt round amid COVID-19 uncertainty

Another startup has turned to downsizing and fund raising to help weather the uncertainty around the economy amid the global coronavirus health pandemic. People.ai, a predictive sales startup backed b

Airbnb reportedly lays off contractors and cancels summer internships

Airbnb has ended its contracts with contingent workers early and postponed summer internships, Protocol reports. Contractors at Airbnb serve as property inspectors, home consultants and more. Contract

GoPro lays off 200 employees representing 20% of the company

Action camera manufacturer GoPro has announced some massive organizational changes at the company. In particular, the company is laying off more than 200 employees — which represents a 20% staff red

SoftBank-backed Opendoor has announced a massive layoff, cutting 35% of its employees

Opendoor, the seven-year-old, San Francisco-based company that has from the outset aimed to help people buy and sell homes with the “push of a button” (or nearly), has just laid off more t

Unicorn layoffs keep piling up as the economy gets worse

Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. Wit

Instagram rival VSCO lays off 30% of staff to reduce reliance on outside capital

VSCO, the popular photo editing app and Instagram rival, is the latest company to undergo layoffs attributed to the COVID-19 crisis, which has put a strain on venture-backed startups. According to a r

Luxury consignment retailer The RealReal lays off 10% of workforce, furloughs 15%

Online consignment company The RealReal is the latest tech company to lay off and furlough employees amid the COVID-19 pandemic. In the company’s quarterly earnings report today, The RealReal an

Layoffs are disproportionately impacting startup satellite offices

Layoffs have struck the startup world swiftly, hurting hospitality and travel startups, as well as recruitment and scooter companies. New data shows that some of those layoffs, brought on by COVID-19,

Clearbanc cuts staff to navigate ‘long-term economic impacts’ of COVID-19

Clearbanc, a Toronto-based company that funds startups through equity-free investments, has laid off 17 employees to help it navigate the long-term economic impact of COVID-19, TechCrunch has learned.

Monzo to shutter Las Vegas customer support office, 165 employees being let go

Following voluntary employee furloughs and salary cuts in the U.K., Monzo is continuing to take tough decisions in order to shore up its financial position amidst the coronavirus crisis and resulting

Yelp lays off 1,000 employees and furloughs 1,100 more

Yelp co-founder and CEO Jeremy Stoppelman announced in an internal email that the company is going through difficult times. Yelp has to cut expenses, which means a large round of layoffs and some addi

India’s Oyo furloughs thousands of employees as revenue drops by over 50%

Oyo has placed thousands of employees on leave and furloughs for up to three months in the U.S. and several other markets as the Indian budget lodging firm contends the coronavirus outbreak that has c
Load More