Major Tech Layoffs in 2024: An Updated Tracker
Brandon Taylor Jessica Davis
As COVID drove workers online, companies hired like crazy. Now tech giants are cutting jobs by the thousands. Keep up to date with our tech layoffs tracker.
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When much of human activity moved online during the height of the pandemic, tech companies were thriving. Call it the COVID tech bubble. Now we’ve hit the COVID tech bust.

By the second half of 2022, tech companies had initiated significant layoffs -- something that had followed an extended period of frenzied tech hiring and attention to employee experience. Standard explanations for the cuts were that companies hired too many during the pandemic and they were looking at the specter of a recession in the months ahead. It sounds a lot like the dot-com boom and bust of yore. Not all companies are impacted equally. It’s the ones that hired at an accelerated rate during the boom that seem to be hitting the brakes right now.

At the same time, IT pros with cybersecurity, cloud, and data analytics/machine learning skills have remained in high demand so far.

In this space, InformationWeek will document some of the more significant layoffs, updated regularly. Be sure to check back.

Here's a look at the biggest tech layoffs so far:

August 2024 Tech Layoffs

Brave, August 28, 2024 announcement. Layoff of 27 people, 14% of workforce.

The web browser and search startup laid off 27 employees across multiple departments, which accounts for 14% of its workforce, according to TechCrunch. Though Brave confirmed the layoffs, it didn’t provide specific details about reason for the moves nor the total headcount remaining. According to TechCrunch, Brave's latest round of job cuts arrive almost 10 months after the company laid off 9% of its total workforce in October 2023. At that time, Brave said the cuts were due to “cost management in this challenging economic environment.”

Scale AI, August 27, 2024 announcement. Layoff of 1,300 people.

The data-annotation startup laid off at least 1,300 contract workers on Monday, according to employees familiar with the situation in a confirmation to Inc. According to the report, employees received an email from HireArt, a human resources software vendor that serves as Scale's HR department. “Today, August 26th, your employment with HireArt will be coming to an end, effective immediately; you no longer need to report to work. Your final pay will be issued by the end of the day on August 30th for your hours worked,” said the email, obtained by Inc. The majority of Scale's business comes from hiring freelance workers to train and refine generative AI programs in a process known as “tasking.” These contractors are reportedly paid hourly and often work for two of Scale's subsidiaries, Outlier AI and Remotasks.

“Due to a shift in business strategy, Scale reduced its remote contractor headcount. These contractors were employed by HireArt and assigned to project-based work with Scale. This reduction was not a layoff and does not impact full-time Scale employees. Through HireArt, impacted contractors were given severance and offered COBRA coverage through the end of the month,” a Scale AI spokesperson said regarding the restructuring.

Apple, August 27, 2024 announcement. Layoff of 100 people.

Apple slashed nearly 100 roles in its digital services group, with the biggest cuts affecting the team responsible for its Apple Books app and Apple Bookstore, according to a Bloomberg News report on Tuesday. Though Apple declined to comment, the restructuring includes some engineering roles and other services teams like the one that runs Apple News, the report said, citing people familiar with the matter. Amid its internal shift and focus on AI, Apple has been restructuring teams and priorities as it moves forward.

IBM, August 26, 2024 announcement. Layoff of 1,000 people.

IBM will completely eliminate its China-based R&D operation, impacting over 1,000 roles, according to Reuters. “These changes will not impact our ability to support clients across the Greater China region,” said an IBM spokesperson in a statement to Reuters confirming the cuts. The restructuring reportedly arrives amid IBM's struggles with slumping demand for its hardware and challenges in growth markets like China.

Tome Biosciences, August 26, 2024 announcement. Layoff of entire workforce.

The Genetic medicines startup is scaling back operations and laying off its entire 131-person staff amid financial struggles, according to BioPharma Dive. Tome said the impacted employees would lose their jobs by November, according to a Massachusetts state regulatory notice it filed. In an emailed statement to BioPharma Dive Friday, CEO Rahul Kakkar said Tome had scaled back operations and was in “ongoing confidential conversations with multiple parties.” In addition, Kakkar added: “Despite our clear scientific progress, investor sentiment has shifted dramatically across the gene editing space, particularly for preclinical companies.”

Kenko Health, August 23, 2024 announcement. Layoff of entire workforce.

After running out of funds and failing to secure an insurance license from the Insurance Regulatory and Development Authority of India (IRDAI), healthtech startup Kenko Health ended business operations, according to Inc42. Founder Aniruddha Sen announced the news to employees in an email. “Unfortunately, the company has run out of funds, and we were unable to infuse equity capital in time due to various internal reasons. Our company has been taken to the National Company Law Tribunal (NCLT) by a debt fund that had extended a loan to us,” Sen wrote in the email. According to Kenko Health's LinkedIn profile, about 200 employees will be impacted by the shutdown.

Received, August 23, 2024 announcement. Layoff of entire workforce.

The New York-based billing and accounts receivable platform is shutting down business operations, according to Fintech Futures. In a LinkedIn post announcing the news, CEO Roi Ben Daniel said the team came to the decision “after realizing we’re not on the right growth trajectory.” Around 50 employees will be impacted by the shutdown, according to Received's LinkedIn profile.

Redfin, August 22, 2024 announcement. Layoff of 82 people, 2% of workforce.

In an effort to regain its footing in a slumping housing market, the Seattle-based real estate company laid off 82 employees, according to GeekWire. The layoffs affected Redfin’s Concierge service, which helps homeowners improve their home’s appeal before putting it on the market. Support and sales managers within Redfin's real estate brokerage were also impacted by the layoffs. “As we hire more Redfin Next agents and our current agents become more entrepreneurial and self-sufficient, Redfin needs less support and managerial staff,” a spokesperson said in a statement obtained by GeekWire.

Kaiyo, August 21, 2024 announcement. Layoff of entire workforce.

The furniture resale platform is withholding customer funds as it prepares to shutdown business operations, according to The City. Customers reportedly received an email from Kaiyo that read: “Currently, Furnishare DBA Kaiyo is in the initial phase of doing an orderly wind down of the Company. Due to the current situation, we are not able to complete your payout at this time.” Customers will receive guidance on how to file a claim in the future, according to Kaiyo. The number of impacted employees remains unclear at this time.

Skip the Dishes, August 20, 2024 announcement. Layoff of 800 people.

In a LinkedIn post on Tuesday, CEO Paul Burns announced Skip the Dishes is laying off 800 Canadian employees along with its parent company, according to CBC. The cuts will impact 100 Canada-based workers with Skip the Dishes, while 700 operations employees based out of Canada who work for its owner, Just Eat Takeaway.com, will also be laid off, Burns said. “Decisions that impact people’s jobs are never simple or easy, however the measures we took are necessary to ensure we have the right resources and organizational structure in place to drive sustainable growth. A more focused approach will also ensure we continue to provide an enhanced offering to customers and exceptional service to all our stakeholders,” Burns wrote in the post.

Five9, August 20, 2024 announcement. Layoff of 190 people, 7% of workforce.

The San Ramon, Calif.-based contact center products vendor announced plans to reduce its workforce by 7%, according to CRN. CEO Mike Burkland revealed the restructuring plans in an email to employees that included a regulatory filing. The move is reportedly “part of the Company’s broader efforts to drive balanced, profitable growth, further supporting our positive, long-term outlook and focus on increasing shareholder value,” according to the filing. “Looking forward, Five9 is focused on driving shareholder value by increasing revenue, improving profitability, investing in our key strategic initiatives, and delivering for our customers. I have enormous confidence in Five9 and each of you as we continue to align and execute as one team,” Burkland wrote in the email. The cuts will impact around 190 employees.

GoPro, August 19, 2024 announcement. Layoff of 139 people, 15% of workforce.

On Monday, the company known for making action cameras said it would layoff about 15% of its workforce this year, as part of a restructuring plan to reduce operating expenses, according to Reuters. The cuts will impact 139 roles. GoPro expects the layoffs to begin in the third quarter and be completed by the end of 2024. According to the report, GoPro expects to take charges in the range of $5 million to $7 million for the restructuring plan, with cash expenses of $1 million to be recognized in the third quarter and about $4 million to $6 million in the fourth quarter of 2024.

Localize, August 19, 2024 announcement. Layoff total unconfirmed.

The proptech company is ending business operations in the US, though its sister company Madlan will continue operating in Israel, according to Calcalist. The move was reportedly initiated in response to the crisis in the US real estate market, which has experienced two difficult years due to high interest rates and other factors.

Regrow Ag, August 16, 2024 announcement. Layoff of 19% of workforce.

The agriculture resilience platform is laying off 19% of its workforce, according to a LinkedIn post from co-founder Anastasia Volkova announcing the cuts. The move appears to be in response to macroeconomic conditions, though specific factors leading to the decision have yet to be confirmed. “For our customers and the remaining team, I have no doubt we’ll achieve everything we intend to and more for the environment while transforming the food system for future generations,” Volkova wrote in the social media post.

Formlabs, August 15, 2024 announcement. Layoff of around 40 people.

The 3D printing firm laid off a “small number” of employees in an effort to reach efficiency goals, according to TechCrunch. A spokesperson for Formlabs reportedly confirmed the cuts, adding that the layoffs occurred in waves over the past two years, and as recently as the last few weeks. “While we continue to grow revenue and lead in the additive manufacturing market, we occasionally must make the difficult decision to part ways with a small number of colleagues who are in departments that are below our efficiency goals and/or who are not in the right roles,” the spokesperson said in an exclusive statement to TechCrunch.

Mister Spex, August 15, 2024 announcement. Layoff of 130 people, 10% of workforce.

The German eyewear retailer initiated a restructuring program known as “SpexFocus” within the company, which means it will layoff 10% of its workforce and close all eight of its international branches, according to Business Insider. Five of the branches headed for closure are in Austria, two in Sweden and one in Switzerland. In addition to these move, products will have price adjustments, while processes will be checked for efficiency and adjusted. “The aim is to significantly increase profitability and ensure sustainable cash generation for the company in the medium term,” the company said in a press release on Thursday morning. According to the report, internal turmoil over the past few months had already left its mark on top management at Mister Spex. First, co-CEO Mirko Caspar left the company, then Dirk Graber, founder and CEO of the company, also gave up his position as CEO, as was announced at the end of July.

PacketFabric, August 15, 2024 announcement. Layoff total unconfirmed.

In an effort to optimize business operations, the Los Angeles-based infrastructure company laid off an undisclosed number of employees amid plans to continue to deliver great value to its customers and their businesses in the future, according to a company blog post. “We continue to innovate Network as a Service with leading-edge solutions and robust network infrastructure, providing unparalleled network connectivity to empower users and businesses worldwide. Our focus as a company is unchanged: to support our customers with the highest standards of service.”

Grail, August 13, 2024 announcement. Layoff of 350 people.

The Bay Area-based biotech company announced 350 layoffs in a filing with the Securities and Exchange Commission on Tuesday, in addition to reducing its planned hires by 30% for the year, according to SFGate. Grail's restructuring move will reportedly include 179 employees from its headquarters in Menlo Park. In addition to these moves, three vice presidents and one senior VP will be impacted, as will several senior and associate directors, engineers, scientists and clinical lab associates, according to a WARN notice Grail filed with local officials. The remaining cuts will impact employees in North Carolina and the United Kingdom, and some working remotely, Spokesperson Trish Rowland confirmed in an email to SFGate. “We will be restructuring parts of the business and reducing our overall spend, which we expect to extend our existing cash runway into 2028 and provide greater flexibility,” Rowland wrote in the email.

Sonos, August 12, 2024 announcement. Layoff of 100 people, 6% of workforce.

Sonos laid off 100 employees on Wednesday morning in an effort to wind down some of its customer support offices, including one in Amsterdam that will close later this year, according to The Verge. The companywide layoffs will reportedly affect several units including marketing, product and engineering, platform and infrastructure, and software quality. “This action was a difficult, but necessary, measure to ensure continued, meaningful investment in Sonos’ product roadmap while setting Sonos up for long term success,” CEO Patrick Spence said in a statement obtained by The Verge. According to the report, the layoffs arrive as a result of the fallout from its disastrous mobile app redesign.

Tally, August 12, 2024 announcement. Layoff of entire workforce.

In a LinkedIn post on Monday, CEO Jason Brown announced that the fintech company would be shutting down business operations as a result of a lack of funding. “After nearly nine years of helping people manage and pay off their credit card debt, we have made the difficult and sad decision to shut down Tally. This was not the outcome we had hoped for, but after exploring all options, we were unable to secure the necessary funding to continue our operations,” Brown said in the post.

Cisco, August 9, 2024 announcement. Layoff of 5,900 people, 7% of workforce.

In its second round of cuts this year, Cisco is laying off 4,000 employees as it shifts its focus to higher-growth areas, including cybersecurity and AI, according to Reuters. The latest round of layoffs will reportedly impact 5% of its workforce. The company parted with 4,000 employees in February, and could see a similar or slightly higher number of affected employees as a result of its latest move. According to the report, an official announcement will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly.

According to a report from ABC News on Aug. 14, Cisco is actually planning to lay off 7% of its workforce, though previous reports earmarked the total at 5%. While the company has yet to confirm the total number of impacted workers, it reportedly employed 84,900 people as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. “The restructuring will help offset the earnings impact from interest expenses associated with financing the Splunk acquisition and will rationalize combined workforces,” said Edward Jones analyst David Heger in a statement obtained by ABC News.

Branch.io, August 9, 2024 announcement. Layoff of 100 people.

After acquiring Nova Launcher over two years ago, Branch.io is laying off more than 100 employees on the dev team of its subsidiary, according to 9to5Google. Nova Launcher's official X account states that the team has gone from “around a dozen” to just one full-time developer – the original founder Kevin Barry. The move signals what could be a grim outlook for the future of the popular third-party home screen replacement.

READY Robotics, August 9, 2024 announcement. Layoff of entire workforce.

READY Robotics, the Ohio-based company best known for its ForgeOS robot-agnostic operating system, has shut down business operations, according to The Robot Report. The company recently branched out into automation consulting and launched a palletizing system, but its latest round of funding round failed at the last minute causing it to lay off its staff and shut down. Silicon Valley Disposition is reportedly auctioning off equipment from READY Robotics between August 13-15, which includes nearly 50 robots from various industry-leading robotic arm companies, CNC machine tools, and more.

Fastly, August 8, 2024 announcement. Layoff of 11% of workforce.

As part of a restructuring exercise, the content delivery network company is reducing the global headcount of its full-time employees by 11%, according to Seeking Alpha. Fastly reportedly expects the move to be complete by the end of the fiscal year ending December 31.

Eventbrite, August 7, 2024 announcement. Layoff of 100 people, 11% of workforce.

Amid an effort to increase operational efficiency and lower costs, the San Francisco-based online ticketing and event platform is laying off 100 employees, according to MarketWatch. The 11% workforce reduction was announced in a filing with the Securities and Exchange Commission on Wednesday, according to SFGate. The move reportedly arrives in response to slumping ticket sales.

LegalZoom, August 7, 2024 announcement. Layoff of 15% of workforce.

LegalZoom announced a restructuring effort that will trigger a 15% reduction of its global workforce, according to Yahoo Finance. In addition to the cuts, the company has reduced and realigned its hiring efforts to mirror its three execution priorities. LegalZoom reportedly expects the combination of these moves to enable $12 million in savings by the end of 2024, and annualized savings of approximately $25 million.

Axios Media, August 6, 2024 announcement. Layoff of 50 people, 10% of workforce.

As it navigates volatility within the media landscape, Axios co-founder and CEO Jim VandeHei announced the company will layoff 50 employees on Tuesday, according to the New York Post. “We’re making some difficult changes to adapt fast to a rapidly changing media landscape,” VandeHei said. “We’re eliminating about 50 positions to get ahead of tectonic shifts in the media, technology and reader needs/ habits. This is a painful but necessary move to tighten our strategic focus and shift investment to our core growth areas.” The 10% workforce reduction at Axios arrives amid a turbulent period for media companies, as many are reportedly squeezed by decreased advertising and a slowdown in web traffic due to changes in Facebook and Google’s search algorithm.

Dell, August 5, 2024 announcement. Layoff of 12,500 people, 10% of workforce.

In an effort to reorganize its sales teams that will include a new group focused on AI products and services, Dell is eliminating roles to become a leaner company, according to Bloomberg. “We’re streamlining layers of management and reprioritizing where we invest,” sales executives Bill Scannell and John Byrne wrote Monday in a memo to staff. “We aim to grow faster than the market by seamlessly meeting our customers and partners online, virtually, or in person, to unlock the value of modern IT and AI for their organizations.” Additionally, Dell will change how data center sales are approached, according to the executives. The company has yet to confirm the total number of impacted employees. However, a report from SiliconANGLE estimates that nearly 12,500 Dell employees are being laid off this week, citing an unnamed source.

Infineon, August 5, 2024 announcement. Layoff of 1,400 people.

The German chipmaker is laying off 1,400 employees, globally, and relocate an additional 1,400 roles to countries with lower labor costs, according to Yahoo. Infineon confirmed the cuts in an announcement on Monday, which will include include several hundred positions at the company’s German plant as part of its “Step Up“ cost saving programme. “The recovery in our target markets is progressing only slowly,” CEO Jochen Hanebeck said regarding the layoffs. “Prolonged weak economic momentum has resulted in inventory levels in many areas overlaying end demand.” Hanebeck reportedly said the initiative would have a positive impact on Infineon's 2025 fiscal year.

Jam City, August 5, 2024 announcement. Layoff of 85 people, 10% of workforce.

The video game developer and publisher that is behind releases like DC Heroes & Villains, Disney Emoji Blitz, and Jurassic World Alive has laid off 85 employees, according to PocketGamer. “After a challenging 2023, industry analysts predicted an upward trend for gaming in 2024. While we have seen moderate improvements in some areas, the overall upward trend has not materialized as expected,” said Jam City CEO Josh Yguado said in an email to staff.“ Projections indicate these conditions will continue for some time, with improvements not expected until the second half of 2025.” The cuts will impact 10% of Jam City's workforce.

Intel, August 1, 2024 announcement. Layoff of 15% of workforce.

Silicon titan Intel Corp. will cut 15,000 jobs by the end of the year – 15% of its global workforce in a move CEO Pat Gelsinger called “painful to share.” The company announced second quarter results that showed revenue down 1% year-over-year at $12.8 billion. But the company also said its net income was down 85% to $100 million and earnings per share were also down 85%. In a letter to employees, Gelsinger said the quick layoffs and aggressive cost-cutting measures will mark “some of the most consequential changes in our company’s history.”

July 2024 Tech Layoffs

Delivery Hero, July 31, 2024 announcement. Layoff of 200 people.

In an effort to cut costs and streamline operations to revive its growth, Delivery Hero is merging three of its businesses across Europe and Asia, according to Bloomberg. In a statement on Wednesday, the company said it will combine two of its European business teams — Foodora and Yemeksepeti — with its Asian business, Foodpanda. As a result of the merger, it will layoff nearly 200 employees.

Bungie, July 31, 2024 announcement. Layoff of 220 people, 17% of workforce.

CEO Pete Parsons shared a public blog post on Wednesday announcing layoffs that will impact 220 employees, or 17% of Bungie's workforce, in an effort to combat rising development costs and industry shifts. The company will make significant changes its “cost structure and focus development efforts entirely on Destiny and Marathon,” according to Parsons. The cuts will impact every level of the company, including most of its executive and seniors positions.

“We are committing to two other major changes today that we believe will support our focus, leverage Sony’s strengths, and create new opportunities for Bungie talent. First, we are deepening our integration with Sony Interactive Entertainment, working to integrate 155 of our roles, roughly 12%, into SIE over the next few quarters,” Parsons said. “Second, we are working with PlayStation Studios leadership to spin out one of our incubation projects – an action game set in a brand-new science-fantasy universe – to form a new studio within PlayStation Studios to continue its promising development.

Match Group, July 31, 2024 announcement. Layoff of 6% of workforce.

Match Group laid off 6% of its workforce as a result of discontinuing livestreaming services in its dating apps, which was announced in a second-quarter earnings report on Tuesday, according to TechCrunch. The move will allow Match to focus on AI as well as other offerings. The livestreaming shut down will directly impact dating apps Plenty of Fish (POF) and BLK, which launched a free livestreaming feature — “Live!” — in 2020, according to the report. The goal was to create a virtual dating environment during the COVID-19 pandemic. In addition to these moves, Match is also shutting down the Hakuna app. As the world begins to leave COVID-19 further in its collective rearview, Match has seen a major shift in user behavior. Revenue sharing also played a role in Match’s decision.

NerdWallet, July 30, 2024 announcement. Layoff of 15% of workforce.

In a regulatory filing on Tuesday, NerdWallet confirmed plans to layoff 15% of its workforce amid a restructuring effort to reduce costs, according to MSN. Effective August 1, the cuts and overall plan is reportedly expected to result in a total estimated pretax restructuring charge of $8M-$10M, which mostly consists of severance payments, employee benefits, and related expenses for impacted staffers.

Moxion Power, July 29, 2024 announcement. Layoff of entire workforce.

After most of its workforce was furloughed on July 19, the Bay Area battery maker is shutting down business operations and laying off its remaining 248 employees, according to SFGate. Moxion Power had reportedly raised $110 million in funding over the past four years and recently began building a large factory next to its Richmond headquarters, but the company was unable to raise more money to complete the project, according to a WARN notice sent to staff on July 19 and since filed with the state. The notice included the titles and roles of the affected employees, which included the C-suite, seven vice presidents, 10 directors, 18 battery associates, and several of engineers, managers and technicians. While widespread concern and uncertainty followed the announcement of the furloughs, CEO Paul Huelskamp and Moxion's human resources team notified employees about the shutdown in separate emails on Friday, according to SFGate.

Pocket FM, July 27, 2024 announcement. Layoff of 200 people.

The audio streaming platform has laid off nearly 200 writers based in the US, according to Inc42. The move arrives just one month after partnering with the US-based GenAI platform ElevenLabs to enable writers to convert their text stories into audio series. “We had to part ways with some of our writers for US-based audio series to align our resources with our current show pipeline. These changes are typical in the content creation industry and do not reflect on the company’s overall health,” said a Pocket FM spokesperson regarding the cuts. The company has yet to confirm the specific number of layoffs.

WayCool, July 26, 2024 announcement. Layoff of 200 people.

The Chennai-based agriculture supply chain startup laid off 200 employees across several departments, marking its third round of cuts within the last 12 months, according to Moneycontrol. WayCool reportedly initiated the latest round of cuts in a continued effort to streamline operations to cut down losses after struggling to close funding, as employees across Chennai, Bengaluru and Hyderabad were impacted. In addition to these moves, its subsidiaries CensaNext and BrandNext were also affected by the layoffs. WayCool previously laid off over 300 employees in July 2023, followed by 70 more employees in February 2024. Financial challenges reportedly continue to mount for the Lightbox-backed startup, which include delayed salaries and client payments.

Webflow, July 25, 2024 announcement. Layoff of 8% of workforce.

The San Francisco-based software development company is laying off 8% of its workforce amid a restructuring effort, according to a public blog post from CEO Linda Tong. “As we look towards the future, I’ve made the decision to restructure Webflow to best position us for our next phase of growth – an outcome that will require focus, speed, and rebalancing where and how we invest. While this change is necessary, it comes with the difficult news that we’re making changes to our team,” Tong said in the blog post. While the specific number of employees and their roles have yet to be confirmed, Webflow has at least 600 employees, according to Forbes. Tong was adamant about Webflow having a healthy business and strong finances, but said the “decision is about sharpening our focus to accelerate delivery in pursuit of our mission.”

Bluelearn, July 22, 2024 announcement. Layoff of entire workforce.

The upskilling and job search platform announced a shutdown of business operations in response to ongoing battles to achieve growth, according to Moneycontrol. Bluelearn reportedly had goals of leveling the educational playing field by offering students from tier-2 and 3 colleges the same learning opportunities as their counterparts at top institutions, such as BITS and Indian Institutes of Technologies. “We realized that building a venture-scale business with Bluelearn was tough. We were very careful with our spending, which allows us to return 70% of the capital to our investors,” said co-founder Harish Uthayakumar in post on the X platform on July 21.

Magic Leap, July 19, 2024 announcement. Layoff of 75 people.

The augmented reality startup laid off about 75 employees on Thursday, which included its entire sales and marketing teams, according to Bloomberg. The move appears to be a crushing blow for a company that had so much promise. “Magic Leap has been evolving our go-to-market approach to better align with market dynamics and emerging opportunities, optimizing how we support our customers and our ecosystem,” a Magic Leap spokesperson told Bloomberg regarding the cuts. However, there may be a silver lining for Magic Leap despite the shift in business strategy, as it may reportedly seek to license its technology to Google. The two companies announced a “strategic technology partnership” last month, which is focused on the augmented reality market.

Mercari U.S., July 19, 2024 announcement. Layoff of 50% of workforce.

Amid struggles with falling sales and competition from low-price Chinese e-commerce rivals like Temu, Japanese online marketplace Mercari has laid off nearly half of the employees from its US subsidiary, according to Nikkei. Though Mercari reportedly has no plans to withdraw from the US, “a decision was made to ensure a sustainable business structure.” As a result of the cuts, the company employs just over 100 people.

Aqua Security, July 16, 2024 announcement. Layoff of 50 people, 10% of workforce.

The cyber company is laying off 50 employees, or 10% of its workforce amid a restructuring effort, according to Calcalist. Most of the impacted employees are reportedly not based in Israel. Aqua Security's headquarters are located in Boston and Ramat Gan, and it employs 500 people. “Aqua has carried out an organizational streamlining move to focus the company and its resources to address the most pressing needs of our customers, protecting the critical applications they develop and manage in the cloud. The move is global and also affects our employees in Israel, proportionally to the rest of the world,” the company said in statement obtained by Calcalist.

ON, July 16, 2024 announcement. Layoff of entire workforce.

The enterprise AI startup formerly known as GameOnTechnology, laid off its entire 60-person staff after reportedly discovering that $11 million in cash was missing, according to VentureBeat. CEO Alex Beckman resigned, allegedly under pressure from ON's board according to a letter that was sent to all shareholders from other company officers. In addition, the officers alleged they discovered that only 37 cents was left in an account that was supposed to have $11 million. After Beckman's exit, the board reportedly conducted an investigation and discovered many of his representations about ON's finances and operations turned out to “be abjectly false.” Operations have been paused as a result of the cuts.

Kaspersky, July 16, 2024 announcement. Layoff of entire U.S. workforce.

The Russian cybersecurity company is laying off dozens of employees and leave the US market in response to a US government order in June, which banned the sale of Kaspersky's software due to security risks, according to TechCrunch. In addition, Kaspersky will reportedly “gradually wind down” stateside operations when the ban goes into effect on July 20. According to the report, the company's US business is “no longer viable” and will impact less than 50 employees. The ban was the first of its kind when announced by the U.S. Commerce Department.

SolarEdge Technologies, July 15, 2024 announcement. Layoff of 400 people.

In an attempt to restore profitability and ensure financial stability, SolarEdge announced layoffs on Monday in a memo to staff that will impact 400 employees, which includes 200 employees in Israel, according to Reuters. The restructuring move is set to take place across every department and includes a reduction in discretionary spending. SolarEdge reportedly initiated the move in response to a downturn in the market at the end of 2023 and beginning of this year, which led to excess inventory and a current downturn in the solar industry, particularly in Europe. Monday's news arrives just 6 months after the company said it would layoff about 16% of its global workforce, which was part of a plan to reduce operating costs at the time.

Salesforce, July 15, 2024 announcement. Layoff of 300 people.

After laying off 700 employees in January, Salesforce has reportedly cut 300 more roles amid an ongoing restructuring effort to streamline operations, according to Bloomberg. “Like any healthy business, we continuously assess whether we have the right structure in place to best serve our customers and fuel growth areas. In some cases that leads to roles being eliminated,” a Salesforce spokesperson told Bloomberg without detailing the number of layoffs.

Intuit, July 10, 2024 announcement. Layoff of 1,800 people, 10% of workforce.

In an effort to sharpen its focus on products that utilize AI, Intuit is laying off 10% of its global workforce, or 1,800 employees, according to Bloomberg. As part of the move, the company is reportedly exchanging low performers and executives with news hires to achieve its goal, according to a memo sent to employees by CEO Sasan Goodarzi on Wednesday. Goodarzi plans to re-hire the same number of employees, which will primarily be in its engineering, product, and sales divisions. Intuit expects to accelerate its expansion in Canada, the UK, and Australia, and will also attempt to hire more fintech talent for its Credit Karma business. Though the restructuring is not a cost cutting move, offices in Edmonton, Canada and Boise, Idaho will reportedly be closed, while some tech roles will be consolidated to larger hubs.

According to Goodarzi, over 1,000 of the employees being laid off “are not meeting expectations.” In addition, Intuit is reportedly reducing the number of executives by about 10% to increase its “velocity of decision making.” “The changes we are making today enable us to allocate additional investments to our most critical areas to support our customers and drive growth,” Goodarzi said in the memo to staff.

CyberProof, July 10, 2024 announcement. Layoff of 7.5% of workforce.

The international cloud security solutions provider is laying off 7.5% of its global workforce, which could affect 20 out of its 85 Israeli employees, according to Calcalist. As a subsidiary of India's UST, CyberProof's cloud and IT infrastructure managers will reportedly be affected most, as those roles will be shifted to the company's offices in India, while cyber experts will not be affected. CyberProof operates offices and security operation centers in Israel, India, Spain, Singapore, and the US.

UiPath, July 9, 2024 announcement. Layoff of 420 people, 10% of workforce.

As part of a major restructuring effort, UiPath is laying off 10% of its workforce, or 420 employees, according to CNBC. The cuts were announced in a filing with the SEC on Tuesday. The majority of the layoffs are set to be completed by the end of the first quarter of fiscal 2026, which ends next April. In addition, UiPath announced in May that CEO Rob Enslin was resigning effective June 1, and would be succeeded by co-founder Daniel Dines, who had stepped down as co-CEO in January, according to the report. “These changes reflect efforts to reshape the organization by streamlining the Company’s structure, particularly in operational and corporate functions, better prioritizing our go-to-market investments and focusing our research and development investments on artificial intelligence and driving innovation across our platform,” UiPath said in Tuesday’s statement.

Microsoft, July 3, 2024 announcement. Layoff total TBA.

Microsoft initiated another round of layoffs that affected several teams and geographies, though the company refused to provide a total headcount, according to GeekWire. However, impacted employees reportedly offered subtle insight to the units that were impacted via posts on LinkedIn, which suggest that employees in product and program management roles roles were let go. “Organizational and workforce adjustments are a necessary and regular part of managing our business,” a company spokesperson said in a statement obtained by GeekWire. “We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.” Microsoft has parted with nearly 3,000 employees since January in various departments including its gaming and Azure cloud units and HoloLens mixed-reality organization.

UKG, July 3, 2024 announcement. Layoff of 2,200 people, 14% of workforce.

To get ahead of rampant speculation, CEO Chris Todd announced mass layoffs in an email to employees on Wednesday that will impact 14% of UKG's workforce, according to the Boston Herald. News of the cuts that will affect nearly 2,200 UKG employees was reportedly set to arrive next week, though the plan is now in motion. “We are announcing a number of organizational changes that will allow us to aggressively focus on critical areas of growth and to provide flexibility to actively invest in important new areas,” Todd reportedly wrote in his email to staff. This is the second round of cuts in just over a year at the company, as it parted with 260 employees in March 2023.

OpenText, July 3, 2024 announcement. Layoff of 1,200 people, 2% of workforce.

Amid its “business optimization plan,” OpenText will be laying off 1,200 employees and adding 800 positions to support its “growth and innovation plans,” according to CRN. The company is looking to strategically align its workforce since filing with the US Securities and Exchange Commission on July 3 announcing the cuts, which will impact 2% of its employees. New roles will reportedly be added in sales, professional services, and engineering. OpenText's “Business Optimization Plan focuses on placing the right roles in global locations most appropriate for the business,” said a company spokesperson in an email to CRN.

Unacademy, July 2, 2024 announcement. Layoff of 250 people.

In its latest round of layoffs, the Indian edtech company is laying off about 250 employees, according to TechCrunch. The move appears to be part of an ongoing restructuring effort at Unacademy in response to schools continuing to reopen after pandemic lockdowns. Since the second half of 2022, the company has laid off nearly 2,000 employees. According to the report, the cuts will impact 100 employees in marketing, business and product, and about 150 in sales, which will keep Unacademy on track toward its goal of reaching profitability.

Koo, July 2, 2024 announcement. Layoff of entire workforce.

Originally designed to be a competitor of X, the Indian social media platform is winding down business operations after its acquisition negotiations with Dailyhunt stalled amid a last-ditch effort, according to TechCrunch. Koo experienced major hurdles as it attempted to expand its user base and generate revenue over the past two years, despite securing more than $60 million in funding from major investors, including Accel and Tiger Global. “Most of them didn’t want to deal with user generated content and the wild nature of a social media company,” Koo founders Aprameya Radhakrishna and Mayank Bidawatka wrote in a LinkedIn post. As an alternative to X, Koo reportedly planned to secure users in India by creating a compliant platform where they could express themselves in multiple local languages, while pledging to adhere to local regulations. The company's usage surged during a period when X (known as Twitter at the time) challenged the Indian government's blurred requests for content removal. The total number of impacted employees has yet to be confirmed.

Lightricks, July 1, 2024 announcement. Layoff of 70 people, 12% of workforce

Lightricks is laying off 70 employees that will primarily affect its consumer applications (B2C) division, as it shifts its focus to generative AI (GenAI) products for enterprises, according to Calcalist. The restructuring effort will account for 12% of its workforce, which features 600 employees in the US, Israel, China, and the UK. However, in addition to these cuts, Lightricks is planning to recruit dozens of new AI experts, with an emphasis on hiring in Israel.

June 2024 Tech Layoffs

RealPage, June 27, 2024 announcement. Layoff of 260 people, 4% of workforce.

The real estate technology company is laying off 4% of its workforce as it grapples with a major class-action lawsuit, though a spokesperson insisted that the restructuring is part of its plan to promote growth, according to Bisnow. The cuts will impact at least 260 employees.

Planet, June 26, 2024 announcement. Layoff of 180 people, 17% of workforce.

In an effort to reduce operating costs, the earth observation company is laying off about 180 employees, or 17% of its workforce, according to SpaceNews. “This action was taken consistent with the Company’s ongoing focus on aligning the Company’s resources to the market opportunity, improving operational efficiency, and supporting the long-term growth and profitability of the business,” Planet stated in a filing with the US Securities and Exchange Commission announcing the cuts. The company has yet to confirm any details regarding the layoffs, including the affected roles or locations. This is Planet's second round of mass layoffs in less than a year, as it laid off 117 employees in July 2023, which accounted for 10% of its workforce at the time.

Moxion Power, June 26, 2024 announcement. Layoff of 101 people.

The California-based battery manufacturer Moxion Power announced it is laying off 101 employees in a WARN filing on Friday, according to SFGate. The news is reportedly surprising since the company has raised more than $110 million in funding and recently unveiled plans for a major expansion in its home city of Richmond. According to the filing, 34 battery associates will be laid off, in addition to several warehouse associates and corporate staffers, from human resources and recruiting to business development and engineering. All of the impacted employees work at Moxion Power’s headquarters at 1414 Harbour Way South in Richmond. The cuts are slated to begin on August 20. CEO Paul Huelskamp told SFGate in a statement Wednesday that the layoffs are meant to align the company’s workforce with “core business objectives and current growth forecasts.”

Ginkgo Bioworks, June 24, 2024 announcement. Layoff of 35% of workforce.

In an effort to combat revenue declines by cutting costs, the Boston life sciences firm said in a filing Monday with the US Securities and Exchange Commission it would layoff 35% of its workforce of about 1,200 employees, according to the Boston Globe. Though Ginkgo Bioworks has yet to confirm the total number of impacted employees, it appears that at least 400 employees will be laid off. The filing reportedly arrives just one week after the company initiated 158 layoffs. After its founding in 2008 by five scientists from MIT, Bill Gates and other luminaries invested in the firm, a synthetic biology foundry that tinkered with the genes in microorganisms to produce new proteins, scents, antibiotics, and cannabinoids.

Emma Sleep, June 19, 2024 announcement. Layoff of 200 employees, 18% of workforce.

The German mattress manufacturing company laid off 200 employees, which will account for 18% of its global workforce, according to WirtschaftsWoche. CEO Dennis Schmoltzi confirmed the cuts in an interview with WirtschaftsWoche, attributing the restructuring to unstable e-commerce and residential sectors. “In view of these factors, we have adjusted our plans and are not planning for any growth for the year as a whole. As a result, we must also align our organizational structure with this strategy,” Schmoltzi said.

Wex, June 18, 2024 announcement. Layoff of 375 employees, 5% of workforce.

The Portland-based payment processing company is laying off 375 employees, which will account for 5% of its global workforce, according to the Portland Press Herald. In addition, less than 45 employees in Maine are expected to be impacted. While the types of positions to be cut remain unknown, Wex reportedly confirmed on Tuesday night that the majority of the layoffs will affect its “technology organization.” “As the technology environment continues to change rapidly, it is imperative that WEX continues to evolve its business to support innovation and maintain its position as an industry leader,” the company said in a statement obtained by the Portland Press Herald. “We have made changes across the company to advance our tec hnology transformation, streamline the organizational structures, and ensure that our customers remain at the center of everything we do.”

PayPal, June 18, 2024 announcement. Layoff of 85 employees.

After laying off 205 employees from its Irish operations in February, PayPal has announced it will cut up to 85 more roles from its Irish workforce, according to the Irish Examiner. CEO Alex Chriss reportedly said the move was initiated to “right-size” the company through both direct cuts and the elimination of open roles throughout the year.

Chegg, June 17, 2024 announcement. Layoff of 441 employees, 23% of workforce.

In an effort to become a leaner and more efficient organization, Chegg will reduce its global headcount by 23%, according to Business Wire. The cuts will impact 441 employees amid plans to increase the speed of innovation and align its expense base with near-term revenue trends by refocusing on students. “Today, we executed a restructuring effort, a major step in my plans to refocus Chegg and return to subscriber and revenue growth,” said Nathan Schultz, Chegg President and CEO. “These changes are designed to make us a more focused, more efficient, uncomplicated, and quicker-moving company. Our renewed focus on our core audience – the student – will allow us to address an unmet need with an offering that is differentiated, holistic, and verticalized for education.”

Stackpath, June 17, 2024 announcement. Layoff of entire workforce.

The Edge computing firm is closing business and liquidating its assets, according to DatacenterDynamics. While the total number of impacted employees remains unknown, Stackpath reportedly operated 73 Edge locations across 43 metro markets, and launched a Paris Edge location in April 2024.

Unit, June 17, 2024 announcement. Layoff of 15% of workforce.

In an effort to “think in longer time frames,” the banking-as-a-service startup laid off 15% of its staff, according to a company blog post by co-founders Itai Damti and Doron Somech. “Banks in the fintech ecosystem have slowed down in the last year due to increased regulatory scrutiny. While we believe that the slowness is temporary and Unit will actually benefit from the resulting regulatory clarity, it will take time. For now, we need to focus on efficiency and account for slower than expected revenue growth.”

Loop, June 16, 2024 announcement. Layoff of 23 people, 77% of workforce.

The car insurance startup laid off 23 employees including some in upper management, according to Coverager. The cuts accounted for 77% of Loop's workforce, which only had 30 employees prior to the announcement. “As disappointing as this is, I can’t let our mission die, and see your work not have the impact it deserves. So we’ve come to this hard decision, that we’ll continue forward only with a much smaller team and operate our way through this,” said Co-Founder and Co-CEO Carey Anne Nadeau in a LinkedIn post.

Care/of, June 15, 2024 announcement. Layoff of entire workforce.

The personalized subscription vitamin company is shutting down business operations and laying off all 143 employees by July 3, according to TechCrunch. The move arrives in response to a lack of funding, which was detailed in in a New York Department of Labor filing by Care/of. The company will reportedly be canceling all subscriptions as of Monday, June 17 and will no longer be accepting new orders.

Running Tide, June 15, 2024 announcement. Layoff of entire workforce.

The ocean carbon removal company shut down business operations and laid off its remaining workforce this week, according to the Portland Press Herald. Though Running Tide counted Microsoft as a customer since it happens to be is the world's largest buyer of CO2 removal services, a lack of wider demand from other companies turned out to be a fatal blow. “We built incredible technologies, but the voluntary carbon market just got a lot smaller in the last nine months,” CEO Marty Odlin told the Portland Press Herald. “We were building this for a growing market, and all of a sudden, it was shrinking. There isn’t enough demand right now.”

Satellogic, June 14, 2024 announcement. Layoff of 70 people, 30% of workforce.

The imaging company announced layoffs that will impact 70 employees and slow the deployment of new satellites in an SEC filing, according to SpaceNews. “The Company has recently been successful in deploying and operationalizing its new Mark V satellites. As a result of this successful deployment, the Company expects to reduce investment into its constellation growth initiatives at this time,” Satellogic stated in the SEC filing. The cuts will impact about 30% of Satellogic's workforce, but the company did not provide details about the affected roles or work locations. The news arrives just three weeks after the company dismissed 13% of its workforce at the time.

Medtronic, June 13, 2024 announcement. Layoff of total TBA.

After initiating an unconfirmed number of mass global layoffs in April of last year in response to changing macroeconomic conditions, Medtronic began a new round of cuts in early May, according to a report this week by the Star Tribune. “Medtronic continually evaluates its operations and aligns our resources with our highest strategic priorities. As part of those efforts, the company will reduce roles across our global workforce,” the company said in a statement obtained by the Star Tribune. Medtronincs again declined to detail the number of impacted employees, including business divisions or geographic locations. Stay tuned.

ByteDance, June 12, 2024 announcement. Layof of 450 people, 9% of workforce.

In an effort to eliminate duplicate roles and overhaul operations, ByteDance is laying off about 450 employees at its Indonesian e-commerce arm, according to Bloomberg. This is ByteDance's first round of layoffs since merging its TikTok Shop with local rival Tokopedia in January, which could be a move to eliminate costs after inking the $1.5 billion deal. As a result of the merger, ByteDance's Indonesian e-commerce business had about 5,000 employees. The cuts will reportedly impact e-commerce, advertising, and operations teams, which will be equal to about 9% of the arm’s employees. According to Bloomberg, ByteDance’s TikTok is grappling with a divest-or-ban law in the US. TikTok is also going through a restructuring effort after laying hundreds of employees in its marketing and operations teams globally last month, but the layoffs are not related to its legal and political troubles.

Paytm, June 10, 2024 announcement. Layoff of 3,500 people.

Amid an ongoing restructuring effort, Paytm laid off 3,500 employees in its sales division according to Mint. On Monday, Fintech firm One97 Communications, the parent company of Paytm, confirmed the layoff of an undisclosed number of employees. The move reportedly arrives in response to the Reserve Bank of India's (RBI) ban on services provided by Paytm Payments Bank, which took effect on March 15.

Copia, June 6, 2024 announcement. Layoff of 1,060 people.

The Kenyan B2C e-commerce platform laid off at least 1,060 employees according to TechCabal. The move arrives just two weeks after an internal memo showed that Copia was struggling to make payroll, which signals that a potential shutdown could be looming. CEO Tim Steel and administrators appointed last week to take over Copia reportedly broke the news to employees in a 20-minute meeting on Thursday. Employees were asked to return company property, including laptops and tablets, and sign their termination letters on Friday, June 7. At its peak, Copia had a 50,000-agent network serving rural Kenya.

Revel, June 6, 2024 announcement. Layoff of over 1,000 people.

The New York-based rideshare service is laying off more than 1,000 drivers to adopt a contractor model similar to Lyft and Uber, according to TechCrunch. Revel reportedly launched and now operates several EV charging stations across the five boroughs, in addition to starting an all-Tesla, all-employee ride-hail service, amid an effort to guarantee utilization. After successfully piloting its new model in Late February with 100 Revel drivers, the company has since decided to hire 100 more. “The reason we ran this pilot in the first place was just increasing feedback from our driver pool, as well as in our recruitment efforts,” Haley Rubinson, vice president of corporate affairs at Revel, said in a statement to TechCrunch. “The leading reason people didn’t want to join Revel was the lack of flexibility. Now there really is the opportunity to serve more of the city’s for-hire vehicle population.”

The updated model will reportedly take effect after September 12, which gives the current drivers on Revel’s payroll the option of staying on with the company as independent contractors moving forward. According to TechCrunch, drivers can sign up to rent from Revel’s fleet of Teslas for $10 per hour, which includes auto liability insurance, vehicle cleaning and maintenance and a full day of battery charging. The company is seeking ways to grow the business and offer riders an improved service without accumulating more assets, so Revel will open up the platform to drivers with their own EVs in 2025.

Oda, June 5, 2024 announcement. Layoff of 150 people.

The Norway-based online supermarket delivery startup is laying off 150 employees, according to TechCrunch. Oda is streamlining its expansion plans to focus on two markets, Norway and Sweden, the home base of Mathem, an online grocery retailer that Oda merged with last year. Oda is narrowing its focus in an effort to become profitable in the two countries sometime next year. In a LinkedIn post last week, CEO Chris Poad acknowledged the global challenges that many grocery organizations face regarding an online model. “Online grocery is hard — complex orders with perishable items and a multi-temperature supply chain in a highly price sensitive category,” Poad wrote in the post (before the layoffs were announced). With previous experience at Amazon, Tesco, and Google, Poad joined Oda in April to help lead the company through this turbulent period.

Microsoft, June 3, 2024 announcement. Layoff of over 1,000 people.

Microsoft is laying off hundreds of employees within its Azure cloud business, which will impact its Azure for Operators and Mission Engineering teams, according to Business Insider. The two teams are part of a broader organization known as Strategic Missions and Technologies, which was created in 2021 and is led by the former Azure boss Jason Zander. The organization created to support Microsoft moonshots, which unites cutting-edge initiatives such as quantum computing and space alongside its government cloud business. A source familiar with the restructuring move reportedly estimated the Azure for Operators layoffs impacted as many as 1,500 jobs. Though the total headcount has yet to be confirmed, Microsoft usually initiates minor workforce cuts around this time of year as it transitions to a new fiscal year after June 30, according to Business Insider.

According to a report from CNBC on Monday, the layoffs will also affect some employees who work on mixed reality. The unit is responsible for the HoloLens 2 augmented reality headset, though Microsoft plans to continue selling the device. “We remain fully committed to the Department of Defense’s IVAS program and will continue to deliver cutting edge technology to support our soldiers. In addition, we will continue to invest in W365 to reach the broader Mixed Reality hardware ecosystem. We will continue to sell HoloLens 2 while supporting existing HoloLens 2 customers and partners,” a Microsoft spokesperson said in an email obtained by CNBC. Microsoft is reportedly laying off more than 1,000 employees, according to CNBC.

May 2024 Tech Layoffs

Google, May 31, 2024 announcement. Layoff of 100 people.

Google is laying off 100 employees across several Cloud “Go To Market” teams in the Asia-Pacific region, according to an internal document reviewed by Business Insider and an employee familiar with the matter. However, a Google spokesperson said that number was lower. Teams responsible for consulting, partner engineering, and sustainability were reportedly impacted by the cuts, according to the document. In addition, there were several recent new hires laid off, though some have been offered time to find new roles within the company. “We maintain our commitment to investing in areas that are critical to our business and ensure our long-term success,” a Google spokesperson told Business Insider in a statement.

Fisker, May 29, 2024 announcement. Layoff of hundreds of people.

After laying off 15% of its workforce in February, the EV startup is laying off hundreds of employees amid struggles to stay alive, according to TechCrunch. Fisker remains on the hunt for additional funding, a potential buyout, or could prepare for bankruptcy. Founder and CEO Henrik Fisker reportedly announced the cuts during an all-hands meeting held Wednesday morning, after surprisingly directing employees to work from home. The directive tipped off current and former employees to the layoff news according to TechCrunch. Fisker has yet to confirm the total number of impacted employees. However, one current and one laid off employee reportedly estimated that only about 150 people remain at the company. Stay tuned.

Lucid Motors, May 24, 2024 announcement. Layoff of 400 people, 6% of workforce.

Amid a new restructuring plan, Lucid is laying off 400 employees, or 6% of its workforce according to Electrek. The news arrived on Friday in an 8-K filing, which will impact employees at all levels, including leadership and mid-level management. CEO Peter Rawlinson reportedly emailed employees announcing the cuts, but said the layoffs will “not impact our hourly manufacturing and logistics workforce.” The news arrives ahead of what may be Lucid’s most important model yet, as the company is set to launch production of its first electric SUV, the Gravity, by the end of the year. “I’m confident Lucid will deliver the world’s best SUV and dramatically expand our total addressable market,” Rawlinson said.

Foursquare, May 23, 2024 announcement. Layoff of 105 people, 25% of workforce.

In an effort to streamline operations, the local search-and-discovery company is laying off 105 employees, or 25% of its workforce according to TechCrunch. In an internal email viewed by Tech Crunch, CEO Gary Little announced the restructuring to employees to “set the company on more sustainable financial footing.” The cuts will reportedly impact Foursquare's Visits, OCF, and City Guide units. In addition, the company is pausing work on a number of other initiatives, including “Mobile Developers Tools, Geode, and the current version of FSQ Insights,” according to Little's memo. In 2020, Foursquare merged with Factual, another location-focused company, whose location software helped marketers zero in on customer segments.

Guild, May 22, 2024 announcement. Layoff of 300 people, 25% of workforce.

The Denver-based online worker training platform laid off 25% of its workforce, according to The Denver Post. While Guild didn’t specify the number of workers impacted, 300 employees are reportedly out of a job based on an estimated headcount of 1,200 employees. “As Guild’s business continues to grow, we must ensure that we deliver on our mission as efficiently and effectively as possible. To exceed our audacious goals, we shared with employees today that we have decided to restructure our organization. This restructuring resulted in a reduction in our workforce,” said CEO Bijal Shah in a statement obtained by The Denver Post on Wednesday. The restructuring will reportedly allow Guild to “operate more efficiently, innovate faster, and continue to deliver strong outcomes for our stakeholders,” according to Shah. Just one year ago, Guild laid off 172 workers or about 12% of its workforce of more than 1,400 people.

Cue Health, May 22, 2024 announcement. Layoff of entire workforce.

The portable COVID-19 test maker is shutting down business operations at the end of this week in addition to laying off its remaining staff and leadership, according to the San Diego Union-Tribune. The move reportedly arrives in response to the FDA-issued warning letter that urged consumers and health care providers to throw out any unused Cue Health COVID-19 tests due to an increased risk of false results. After laying off 230 employees nearly three weeks ago, the latest round of cuts will impact the remaining 180 employees. Unfortunately for Cue Health, testing needs decreased simultaneously with attention regarding COVID-19.

Silo, May 22, 2024 announcement. Layoff of 30% of workforce.

The Bay Area food supply chain software startup laid off 30% of its workforce, according to TechCrunch. Silo's layoffs are companywide and won't specifically target any department, and will reportedly impact over 24 employees. “At the same time, Silo remains dedicated to serving our customers and the perishables industry at large, and will continue to focus more nimbly on building next-generation supply chain management software solutions,” the company said in a statement to TechCrunch.

TikTok, May 21, 2024 announcement. Layoff of hundreds of people.

TikTok has informed employees of substantial layoff plans that will impact the majority of its workforce of about 1,000 people working across global user operations, content, and marketing teams, according to The Information. The company will also disband its global user operations team that is primarily responsible for user support and user communications, though remaining employees will reportedly be reassigned among the company’s trust and safety, marketing, content and product teams. TikTok has yet to confirm the exact number of layoffs. Stay tuned.

Toshiba, May 16, 2024 announcement. Layoff of 4,000 people, 6% of its domestic workforce.

The Japanese electronics company will eliminate up to 4,000 jobs domestically amid a restructuring effort under new ownership, according to Reuters. The move will reportedly impact up to 6% of Toshiba's domestic workforce, which is a result of the company being delisted in December due to a $13 billion takeover by a consortium led by private equity firm Japan Industrial Partners (JIP). In addition, Toshiba said it would relocate office functions from central Tokyo to Kawasaki, and target an operating profit margin of 10% in three years, according to Reuters. The initiation of the job cuts by the consortium are reportedly a test for private equity in Japan, which was previously viewed negatively due to its rapacious reputation.

Gopuff, May 16, 2024 announcement. Layoff of around 600 people, 6% of workforce.

In an effort to become profitable by the end of 2024, the Philadelphia-based quick-delivery company is laying off 6% of its global staff, according to The Information. Gopuff reportedly has about 10,000 employees, meaning the cuts could impact about 600 people and position the company for its “next leg of growth,” according to Bloomberg. The company has laid off well over 2,000 employees since March 2022.

Atmosphere, May 15, 2024 announcement. Layoff of 106 people.

In a letter issued to the Texas Workforce Commission (TWC), the entertainment company announced layoffs that will impact 106 employees at its Austin headquarters facility, according to MySA. The cuts are set to begin on begin on July 12, which include account executives, engineers, directors, managers and producers, among other roles. Atmosphere was founded in 2019 by brothers Leo and John Resig, and is a spinoff from Chive Media Group.

Indeed, May 13, 2024 announcement. Layoff 1,000 people, 8% of workforce.

On Monday, CEO Chris Hyams shared a public letter with employees announcing layoffs that will impact 1,000 roles, or 8% of Indeed's workforce, according to the memo. “Unlike last year, where our reduction was driven by cost savings, we are taking this action because we need to simplify our organization to make it easier and faster for us to make decisions, and help us to more effectively grow revenue and hires,” Hyams wrote in the memo. Indeed's latest cuts will impact several groups and regions, but they are not across the board like last year's reductions; though they are mostly concentrated in the US, and are more focused on R&D and some Go-to-Market teams. As a result of the restructuring, Sales and CS roles in Foster City, California, will also be eliminated.

Motional, May 10, 2024 announcement. Layoff 550 people, 40% of workforce.

On Tuesday, the autonomous vehicle startup initiated an undisclosed number of companywide layoffs during an all-hands meeting amid a strategic restructuring, according to The Business Journals. However, it was reported that nearly 550 employees had been laid off on Friday, according TechCrunch. The brainchild of a $4 billion joint venture between Hyundai and automotive supplier Aptiv, will halt its commercial operations and delay plans to launch a driverless taxi service powered by the Hyundai Ioniq 5. The concept is being pushed to 2026, which is two years later than it was initially planned. Ideally, Motional's goal is to make progress on its core technology and business model, while preserving capital, according to TechCrunch. Motional reportedly employed over 1,300 people before reducing its workforce by 5% in March 2024.

The commercial operations being paused include autonomous taxi rides in Hyundai Ioniq 5 vehicles in Las Vegas via the Uber and Lyft network, as well as ending autonomous deliveries for Uber Eats customers in Santa Monica. “While we’re excited by our pace of technical progress, and our initial commercial deployments have yielded valuable insights, large-scale deployment of AVs remains a goal for the future, not the present,” wrote Motional CEO Karl Iagnemma in a public blog post.

Rivian, May 10, 2024 announcement. Layoff of 120 people.

The EV maker is laying off 120 employees according to the San Francisco Chronicle. The cuts reportedly include 28 positions across various departments at its Palo Alto office, along with a recruiter position in San Francisco. This is in addition to 92 roles at its facilities in Southern California. This is the second round of cuts at the company, after it laid off 150 employees in the Bay Area in an effort to decrease its salaried staff by 10%. Rivian also let go of 240 employees in Palo Alto in February 2023.

Google, May 10, 2024 announcement. Layoff of 57 people.

Google announced plans to cut 57 positions across several roles in San Francisco through a WARN notice filed with California authorities, according to the San Francisco Chronicle. The permanent layoffs are set to begin on June 9 and continue through the month, which reportedly include managers, engineers, and analysts. This announcement arrives just nine days after Google laid off at least 200 employees from its “Core” teams, which includes moving some roles to India and Mexico, according to CNBC.

Vacasa, May 9, 2024 announcement. Layoff of 800 people, 13% of workforce.

In an effort to restructure the business, Vacasa announced that it laid off 800 employees, or 13% of its workforce, according to Skift. Vacasa's cuts reportedly included 40% of its corporate and central operations staff, and 6% of its employees in the field amid elevated homeowner churn and weakness in nights sold per home approaching the summer travel season. “These changes will implement a reorganization of the Company’s operations, to further equip its field teams to locally manage, and be accountable for, their markets, while significantly reducing the .Company’s central corporate footprint,” Vacasa said in a financial filing on Thursday. The restructuring would reportedly cost the company $8 million to $9 million, including severance and benefits payments. In addition, Chief Commercial Officer T.J. Clark will be replaced as part of the move. “We believed the headwinds we were experiencing were beginning to ease, and kept a close eye on our targets. As the year has progressed, it has become increasingly apparent this is unlikely to be the case and we are in for another difficult year,” said CEO Rob Greyber in a memo to employees obtained by Skift.

PrepLadder, May 8, 2024 announcement. Layoff of 145 people, 25% of workforce.

Amid a sales strategy shift, the medical entrance test platform has laid off 145 employees, or 25% of its workforce, according to Inc42. This is PrepLadder's third round of cuts in the past three years. The startup was acquired by the Unacademy Group in 2020, and the move appears to be a result of Unacademy getting involved in PrepLadder's daily operations. While Unacadmey confirmed the cuts, it did not detail the total number of employees impacted. However, sources aware of the restructure said that employees across sales, marketing, product, and tech teams were let go. The on-field sales team reportedly had 100 layoffs.

Simpl, May 8, 2024 announcement. Layoff of 170 people, 25% of workforce.

The buy now, pay later (BNPL) fintech company has laid off nearly 170 employees, or 25% of its workforce across various departments and roles, especially those in higher-paying functions like engineering and product, according to Moneycontrol. Simpl's monthly cash burn has reportedly remained high, while new user acquisitions have slowed down according to founder and CEO Nityanand Sharma, who announced the news during a companywide town hall meeting on Wednesday. The move arrives amid cost-cutting measures to work towards profitability according to sources familiar with the matter. This is the second round of cuts in consecutive years at Simpl, as nearly 170 employees were laid off in March 2023 as well. India's BNPL credit startups are facing increased pressure due to the Reserve Bank of India's tight scrutiny.

Brilliant May 8, 2024 announcement. Layoff of entire workforce.

CEO Aaron Emigh confirmed that the smart home startup has laid off its entire workforce, shut down its support center, and stopped selling its products in an exclusive interview with The Verge, according to the publication. Brilliant will maintain its servers, and existing devices will continue to operate in customers' homes despite the news. However, Emigh wouldn't commit to just how long this strategy will stay in place, though he hopes the servers and current devices in use stay functional “indefinitely.” “[The company] will be sold. We have a number of interested parties, and we will run a very quick bidding process and sell it,” Emigh said in a statement to The Verge. Users reportedly noticed the inability to connect with customer support, though Emigh suggested otherwise. “Everything is still working; everything is still being monitored. It’s my hope and expectation that customers won’t notice anything different as we transition to new ownership,” Emigh said. Stay tuned.

Enovix, May 6, 2024 announcement. Layoff of 170 people, 33% of workforce.

Just one week after reportedly landing a battery development agreement with an unnamed maker of smartphones, silicon battery maker Enovix laid off 170 employees at its Fremont, Calif., factory on Monday, according to The Information. The restructuring exercise appears to part of a larger strategy to reduce annual operating costs by $35 million before the end of the year, which was announced by the company last week. Enovix's latest round of cuts arrives seven months after it laid off 185 engineers and other staff in Fremont. In addition, Enovix has moved most of its operations to Malaysia, based on the majority of its intended customers being located in Asia.

Cue Health, May 3, 2024 announcement. Layoff of 230 people, 49% of workforce.

The biotech company is initiating a new cost-cutting strategy that include layoffs that will impact 230 employees, or 49% of its workforce, according to Becker's Health IT. The San Diego-based company known for its rapid COVID-19 test, reportedly filed documents with the U.S. Securities and Exchange Commission confirming the cuts. The strategy behind the move is to lower its cost framework and enhance operational effectiveness, according to Cue Health.

Luminar, May 3, 2024 announcement. Layoff of 140 people, 20% of workforce.

Luminar is laying off 140 employees, or 20% of its workforce, amid plans to rely heavier on its contract manufacturing partner as part of a restructuring, according to TechCrunch. In an effort to scale production, the strategy will transition the company to a more “asset-light” business model. The layoffs will also include ending relationships with the majority of its contract workers immediately. “Today, we stand at the crossroads of two realities: the core of our business has never been stronger across technology, product, industrialization, and commercialization; yet at the same time the capital markets perception of our company has never been more challenging,” Founder and CEO Austin Russell said in a letter to employees that was posted to Luminar’s website. According to Russell's letter, Luminar's new structure will allow it to get next-generation products to market faster, drastically reduce costs, and drive better profitability.

Sprinklr, May 3, 2024 announcement. Layoff of 116 people, 3% of workforce.

In an effort to realign its customer operations team, the New York-based firm offering a customer experience management platform to global brands has laid off 116 employees, or 3% of its workforce, according to TechCrunch. Microsoft, Samsung, P&G and over 60% of the Fortune 100 companies globally are counted as customers of Sprinklr. This is the second round of cuts at the company, after it laid off 4% of its workforce in February 2023. According to TechCrunch, impacted employees in markets including the U.S. and India were notified of the restructure on Thursday. “Sprinklr made the strategic business decision to realign our headcount across our customer operations organization. While these decisions are hard to make, they reflect the commitments we’ve outlined to restructure our business to accelerate our go-to-market efficiencies and better serve customers,” a company spokesperson said in a statement obtained by TechCrunch. C-level roles at Sprinklr will reportedly remain unaffected.

Peloton, May 2, 2024 announcement. Layoff of 400 people, 15% of workforce.

CEO Barry McCarthy will be stepping down and Peloton will lay off 15% of its global workforce, or 400 employees, in an effort to bring spending in line with its revenue, according to CNBC. McCarthy will reportedly become a strategic advisor to Peloton through the end of the year while Karen Boone, the company’s chairperson, and director Chris Bruzzo will serve as interim co-CEOs, while the company looks for a permanent CEO. In addition to these moves, Peloton will continue to close retail showrooms and restructure its international sales plan. According to a company news release, the moves are designed to realign Peloton’s cost structure with the current size of its business. “This restructuring will position Peloton for sustained, positive free cash flow, while enabling the company to continue to invest in software, hardware and content innovation, improvements to its member support experience, and optimizations to marketing efforts to scale the business,” the company said in its statement viewed by CNBC. Its last round of cuts announced in October 2022 impacted 500 employees.

Google, May 1, 2024 announcement. Layoff of 200 people.

Amid an ongoing reorganization effort, Google has laid off at least 200 employees from its “Core” teams, which includes moving some roles to India and Mexico, according to CNBC. Google's Core unit builds the technical foundation that supports the company’s flagship products and protects users’ online safety, according to its website. In addition, Core teams reportedly include key technical units from IT, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. “We intend to maintain our current global footprint while also expanding in high-growth global workforce locations so that we can operate closer to our partners and developer communities,” Asim Husain, vice president of Google Developer Ecosystem, wrote in an email to employees last week regarding the cuts obtained by CNBC. The Core layoffs will also impact the governance and protected data group, which are reportedly at the center of regulatory challenges at Google, arriving as a notable development as lawmakers across the globe focus more on the future of AI. Google is streamlining the teams responsible for it developer tools as it continues to implement AI into product offerings.

Assurance IQ, May 1, 2024 announcement. Layoff of 112 people.

The Seattle-based tech startup is being shutdown just five years after being acquired by insurance giant Prudential, according to GeekWire. Starting on July 3, 112 employees are being laid off by Assurance as a result of the shutdown. The Company uses technology to match consumers with insurance plans that are purchased online or through an agent. “As we look to the future, we believe that directly investing in our core businesses and capabilities will help us become a higher growth, more capital efficient company. After a careful review of our businesses and strategic initiatives, we have made the difficult decision to wind down our Assurance business,” Caroline Feeney, head of Prudential’s U.S. businesses, wrote in an email to employees obtained by GeekWire. At the time of the deal, its acquisition to Prudential was one of the largest in Seattle tech history, and the largest insurance tech exit in history, according to Financial Technology Partners.

April 2024 Tech Layoffs

Tesla, April 30, 2024 announcement. Layoff of 500 people.

Just weeks after parting with 14,000 employees, or 10% of its global workforce, Tesla announced that it will layoff 500 more employees and several executives, according to The Information. The cuts will directly impact the majority its Supercharging team, including the departure of Rebecca Tinucci, Tesla’s senior director of EV charging, who oversaw the 500-person team. According to The Verge, Tinucci led the rollout of Tesla’s Supercharger network during her six-year tenure, which included efforts to get other companies to adopt to adopt the North American Charging Standard (NACS) developed by Tesla. In pursuit of taking over the EV charging space, Tesla announced that is was opening up its more reliable Supercharger stations and network to other automakers in November 2022. Ford, GM, Volkswagen Group, BMW, and several others were reportedly part of the roster set to adopt Tesla’s charging standard for their future EVs. However, that strategy appears to be taking a serious hit as a result of the layoffs.

Tesla's layoffs reportedly included Daniel Ho, a ten-year Tesla veteran who served as director of vehicle programs and new product initiatives, and as program manager for the Model S, 3, and Y vehicles. The team Ho led is also being cut as a result of the restructure. In addition these departures, most of the public policy team led by former head of policy and business development Rohan Patel (who left the company during the previous wave of layoffs) are also being let go, according to The Verge. In a post on X, CEO Elon Musk addressed the company's EV charging strategy, insisting that Tesla remains committed to EV charging, but installations would slow down as an immediate effect of the layoffs.

Google, April 30, 2024 announcement. Layoff of total TBA.

Just two weeks away from Google's I/O developer conference in May, the tech giant has laid off staff across key teams like Flutter, Dart, Python and others, according to reports hared on social media by the impacted employees viewed by TechCrunch. Though Google did confirm the cuts to TechCrunch, it did not specify the teams, roles, or how many employees were impacted as a result of the move. This is the second round of layoffs in April that were initiated, and neither announcement arrived with a specific total of impacted employees. On April 17, Reuters reported cuts at Google that were made in an effort to trim costs.

Prioritizing investments that can enable Google to capitalize on future opportunities appears to be the crux of the moves. “To best position us for these opportunities, throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers, and align their resources to their biggest product priorities. Through this, we’re simplifying our structures to give employees more opportunity to work on our most innovative and important advances and our biggest company priorities, while reducing bureaucracy and layers,” said Google spokesperson Alex García-Kummert.

Reorganizations are part of Google's normal business model, but the company did confirm that the layoffs were not company-wide. According to TechCrunch, some of the layoffs at Google seem to have been confirmed in a WARN notice filed on April 24. WARN, or the California Worker Adjustment and Retraining Notification Act, requires employers with more than 100 employees to provide a 60-day notice in advance of layoffs. In the filing, Google reportedly said it was laying off a total of 50 employees across three locations in Sunnyvale. Stay tuned.

Getir, April 29, 2024 announcement. Layoff of over 6,000 people.

The instant delivery company announced that it would shut down its operations the U.S., the U.K. and Europe to focus solely on its home market of Turkey, according to TechCrunch. Though Getir made aggressive expansion deals to acquire struggling competitors in a bid to position itself the market leader, the company is now pivoting from that strategy. The closures will reportedly impact nearly 6,000 employees across those markets, while only impacting 7% of Getir's revenues. While several official headcount details remain scarce, Getir did confirm 1,500 layoffs in the U.K. in an announcement shared with journalists. The layoffs will reportedly impact at least 1,100 employees in Germany, but that number could potentially settle closer to 1,800 cuts. In November 2023, Getir picked up 2,300 employees after it acquired FreshDirect in the U.S., but this number could also grow given Getir's activity in the U.S. prior to that acquisition. Stay tuned.

Ola, April 29, 2024 announcement. Layoff of 180 people, 10% of workforce.

The Indian ride-hailing startup announced layoffs that will impact 180 employees, or 10% of its workforce, according to TechCrunch. Ola also let go of CEO Hemant Bakshi, just four months after appointing him to the post in hopes to improve profitability. Earlier this month, Ola ended business operations in the U.K., Australia, and New Zealand. Significant investments in AI and technology reportedly drove the restructure decision. “In line with our vision to serve 1 Billion Indians, and our commitment to drive sustainable growth and enhance efficiency across the organization, we are undergoing a restructuring exercise aimed at improving profitability and preparing ourselves for the next phase of growth,” wrote Founder and Chairman Bhavish Aggarwal in an email to employees.

Fisker, April 29, 2024 announcement. Layoff total TBA.

After laying off 15% of its workforce in February, the EV startup initiated another round of layoffs in an effort to save cash, one week after warning investors of pending cuts to avoid bankruptcy, according to TechCrunch. In an internal email viewed by TechCrunch, Founder and CEO Henrik Fisker told employees Monday morning that Fisker is “continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways to infuse capital into the business.” Though the total layoff headcount remains unconfirmed, Fisker reportedly employed 1,135 people as of April 19. Last week, the company announced it hired a chief restructuring officer who is now in charge of approving Fisker's budget, which includes the decision-making process for any sale of the business.

Healthify, April 27, 2024 announcement. Layoff of 150 people, 27% of workforce.

The Bengaluru-based healthtech startup laid off 150 employees, or 27% of its workforce amid a restructure effort according to Inc42. Healthify's cuts will mainly impact sales and product teams according to the report. “In the next three-four months, our India business will turn EBITDA profitable and this restructuring was an unfortunate but an important step in line with achieving this. We also have to make sure we have enough resource allocation for the global expansion,” said Co-Founder and CEO Tushar Vashist in a statement to Inc42.

Freenome, April 24, 2024 announcement. Layoff of 20% of workforce.

In an effort to continue to build its early cancer detection platform, the private bio tech company is laying off 20% of its workforce across multiple functions, according to a public LinkedIn post from its corporate page. Freenome's move arrives amid a push towards optimizing its structure and resources, which includes the goal to advance the best portfolio of blood-based tests to meet the needs of patients. While a total headcount remains unconfirmed, Freenome's LinkedIn page claims between 501 and 1,000 employees.

The Good Glamm Group, April 18, 2024 announcement. Layoff of 150 people, 15% of workforce.

The content-to-commerce platform is laying off 150 employees, or 15% of its workforce to streamline operations, according to the Economic Times. “This strategic initiative marks the culmination of the company's final phase of team integration with a steadfast aim to be a profitable company in FY25,” the company said in a statement obtained by the Economic Times. In addition, the Mumbai-based firm elevated some of its senior executives. The Good Glamm Group appointed Manan Jain as group chief operating officer, Kartik Rao as group chief people officer and senior vice president of initiatives, and Ashish Jadhav as group head of product.

Google, April 17, 2024 announcement. Layoff total unconfirmed.

In an ongoing effort to cut costs, the technology giant is laying off an unspecified number of employees according to Reuters. A Google spokesperson reportedly said the layoffs are not company-wide and that affected employees will be able to apply for internal roles, though a headcount including the impacted teams was not confirmed. “Throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers and align their resources to their biggest product priorities,” the spokesperson added. According to Reuters, there will be a small percentage of the impacted roles relocated to hubs that Google is investing in, including India, Chicago, Atlanta and Dublin.

Within the restructure, several teams across Google's finance and real estate units have been impacted. Those departments reportedly include Google's Treasury, Business Services, and Revenue Cash Operations teams, according to Business Insider. In addition, Google's CFO, Ruth Porat, sent an email to staff saying the restructuring includes expanding growth to Bangalore, Mexico City, and Dublin, according to Business Insider.

Take-Two, April 16, 2024 announcement. Layoff of 579 people, 5% of workforce.

The GTA 6 publisher is cancelling several projects in addition to laying off 579 employees, or 5% of its workforce according to IGN. The move arrives amid an effort to streamline its organizational structure despite claims from CEO Strauss Zelnick that Take-Two had “no plans” to initiate layoffs. Take-Two reportedly expects to incur between $160 and $200 million in total charges, with $120 million to $140 million related to title cancellations. While the company appeared to be gearing up for growth driven by its upcoming release of GTA 6 in 2025, those ambitions appear to be cooling off at this time. However, there is a silver lining to the announcement based on Take-Two's recent acquisition of Gearbox from the Embracer Group, which signals a forthcoming confirmation of a new Borderlands game in development.

Tesla, April 15, 2024 announcement. Layoff of 14,000 people, 10% of workforce.

In an effort to cut costs amid increasing competition and declining sales, the electric car company is laying off 14,000 employees, or 10% of its workforce according to The New York Times. “As we prepare the company for the next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” wrote CEO Elon Musk in an email to employees, obtained by The New York Times. Senior Vice President, Drew Baglino, also announced his resignation after an 18-year tenure with Tesla in a shocking announcement via X. Tesla's plan to drastically reduce prices during 2023 did increase demand, though it reduced the profit made on each car sale.

However, the strategy isn't as potent today since being introduced. Earlier this month, the EV giant reported a decline in sales that alarmed investors, as its 387,000 global deliveries in the first quarter was down 8.5% from the prior year. Surprisingly, this was the first time Tesla’s quarterly sales have fallen on a year over year basis since the start of the pandemic in 2020.

TikTok, April 11, 2024 announcement. Layoff of over 250 people.

The short-form video hosting platform is laying off more 250 employees in Ireland according to The Journal. TikTok announced an Ireland-based restructure plan back in February that would be a “redesign of our Training and Quality team that will enable us to further enhance our quality assurance processes.” At the time, TikTok said that it would expect the majority of impacted employees to remain in the company, but that doesn't appear to be the case. The Journal has spoken to several impacted employees who have applied for other roles without success, with some citing “insensitive” means of communication regarding the cuts. The move will reportedly impact more than 250 but less than 300 employees according to The Journal.

Hinge Health, April 11, 2024 announcement. Layoff of 10% of workforce.

The virtual physical health company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions is laying off 10% of its workforce, according to TechCrunch. Hinge's LinkedIn page lists upwards of 1,700 employees, and the company reportedly cut various roles with some being engineers. “To accelerate our path to profitability, speed up decision making, and better focus our investments, we have made the decision to realign our organization,” a company spokesperson said in a statement obtained by TechCrunch.

Zoe, April 11, 2024 announcement. Layoff of 20% of workforce.

The stomach health startup is making a move to reduce costs and will layoff 20% of its workforce, according to Sifted. “We have over-expanded our team in a way that’s unsustainable until we have a larger member base,” wrote CEO and Co-Founder Jonathan Wolf in a LinkedIn post. Zoe's corporate LinkedIn page suggests that it has 201-500 current employees, which could mean at least 100 roles would be affected by the cuts. In addition to the cuts, Zoe is “stopping its London office search, will not enhance its US warehouse, and will significantly reduce contract costs,” Wolf added in his announcement.

Scaler, April 10, 2024 announcement. Layoff of 150 people.

To enable long-term growth and sustainability, the tech startup focused on upskilling college students and tech professionals is laying off 150 employees, according to Entrackr. “It is imperative that we look at how we operate for long-term growth and sustainability. As part of this, we have designed a new way of working to be able to achieve sustainable growth while delivering the best learning experience and outcomes for our learners – something that we’ve always been committed to,” said Scaler Co-Founder Abhimanyu Saxena, in a statement obtained by Entrackr. Scaler is parting with employees that primarily serve its marketing and sales departments.

Checkr, April 10, 2024 announcement. Layoff of 382 people, 32% of workforce.

In an effort to “operate more efficiently and ensure long-term health,” the background-screening platform is laying off 382 employees, or 32% of its workforce according to Reuters. Customers of Checkr include the online grocery-delivery firms Instacart and DoorDash, as well as U.S. ride-hailing platform Lyft. Founded in 2014, Checkr has reportedly raised $679 million in funding during that time. TechCrunch broke the initial restructure news by Checkr on Wednesday.

Apple, April 4, 2024 announcement. Layoff of 614 people.

Back on February 27, we reported that the tech giant is ending its extensive, but secretive autonomous EV project that included hundreds of layoffs, according to Bloomberg. While the total count was unconfirmed at that time, we're now getting a fuller picture of the restructure move and its impact. Apple reportedly laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development Department. Bloomberg broke the story last night, which included smartwatch projects as new wrinkle in the restructure.

Its EV project was canned because of indecision among executives about budgeting and overall direction, while the display project ended due to engineering, supplier and financial hurdles. 371 employees were reportedly released at Apple’s main car-related office in Santa Clara, California, which included dozens more at several satellite offices. However, an Apple spokeswoman declined to comment on the number of employees affected by the job cuts.

Lightspeed Commerce, April 3, 2024 announcement. Layoff of 280 people, 10% of workforce.

The Montreal-based technology company is laying off 280 employees, or 10% of its workforce, while founder Dax Dasilva returns as CEO according to BNN Bloomberg. For most of Lightspeed's history, Dasilva has served as its CEO since its inception in 2005, but became executive chairman when he handed the leadership of the company over to JP Chauvet in February 2022. However, in February of this year, Dasilva returned to the CEO role when Chauvet left the company. “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” said Dasilva in a statement obtained by BNN Bloomberg.

Amazon, April 3, 2024 announcement. Layoff of several hundred people.

The tech giant’s cloud computing division, Amazon Web Services, is laying off hundreds of employees across multiple teams according to GeekWire. AWS' sales, marketing, and global services organization will feel the impact of the layoffs in training and certification, and sales operations. In addition, its physical stores technology teams will be impacted by the move. According to the report, Amazon said it’s shifting its focus to self-serve digital training and training programs run by external partners. “The changes we are making are preparing the organization for the future, aligning with our strategy and priorities, and reducing duplication and inefficiency,” wrote SVP Matt Garman in a statement obtained by GeekWire. While the cuts will impact global operations, the heaviest concentration of AWS roles reside in Amazon’s hometown, which means that the decision is likely to have a disproportionate impact on the company’s Seattle workforce.

Ghost Autonomy, April 3, 2024 announcement. Layoff of entire workforce.

The OpenAI-backed startup that developed autonomous driving software for automaker partners is shutting down business operations, according to TechCrunch. Ghost Autonomy will be laying off about 100 employees, while winding down operations in Mountain View, Dallas and Sydney. “The path to long-term profitability was uncertain given the current funding climate and long-term investment required for autonomy development and commercialization. We are exploring potential long-term destinations for our team’s innovations,” the company wrote in a note posted on its website.

The announcement arrives just five months after Ghost utilized OpenAI's Startup Fund to form a partnership that allowed early access to OpenAI's systems and Azure resources from Microsoft. During the early period of the union, Ghost Co-Founder and CEO John Hayes reportedly endorsed the company’s plans of exploring the applications of multimodal LLMs — AI models that can understand text as well as images — in self-driving.

Yummly, April 3, 2024 announcement. Layoff of entire workforce.

The Whirlpool-backed recipe and cooking app and website is laying off its entire workforce, and shutting down business operations according to The Spoon. Whirlpool's goal after acquiring Yummly was to beef up the content team and hire content creators to build a recipe catalog with cooking guidance. Appliance brands are reportedly de-emphasizing apps with human-powered editorial-driven content, esp