Lyft Lays Off 13% of Workforce, 683 Employees
Lyft is the latest company to announce layoffs, with 683 employees set to lose their jobs. The ride-hailing company is reducing its workforce by 13%, in an effort to reduce…
tech layoffs
Stripe Is Laying Off 14% of Its Staff Amid Economic Uncertainty
Stripe, one of the world’s leading online payment providers, has announced that it will be laying off 14% of its staff. This move comes as the company grapples with a…
Startup Layoffs: The New Normal?
Startup layoffs have been all the rage on LinkedIn lately. If you’re not being laid off, chances are good that someone you know is. And it’s not just low-level employees…
Apple Lays Off 100 Contract Recruiters in Push to Rein in Spending
Apple Inc. has reportedly laid off 100 contract recruiters in a move to rein in spending. The tech giant is said to have told the recruiters that the cuts were…
ThredUp Is Struggling as Shoppers Pull Back on Clothing Purchases, Lays Off 15% Workforce
ThredUp is eliminating 15% of its corporate workforce and shutting down a processing facility, according to CEO and co-founder James Reinhart. CFO Sean Sobers stated on Monday’s earnings call, “We’ll…
Crypto.com Lays Off Additional 260 Employees in Face of Bear Market, Sources Say
In the midst of a crypto bear market, crypto.com has reportedly laid off an additional 260 employees, bringing the total number of layoffs to 520 or 10% of its workforce….
Peloton to Slash 780 Jobs, Close Stores, and Raise Prices
In a move that is sure to send shockwaves through the startup community, Peloton announced that it will be slashing 780 jobs and closing down a significant number of its…
Startup Layoffs Hitting The Tech Industry Like A Storm
The startup layoffs just keep coming. Layoffs.fyi reports that 500 startup companies have conducted layoffs since the start of 2022. This is a frustrating trend that is emerging among all…
Jam City Lays Off Over One Hundred Employees in Major Restructuring
In a major restructuring, Jam City has laid off over one hundred employees today. This comes as the mobile developer behind titles like Harry Potter: Hogwarts Mystery, Disney Emoji Blitz,…
ChowNow Lays Off Around 100 Employees, Citing Economic Downturn
In a move that is sure to send shockwaves through the LA startup community, ChowNow has announced layoffs of around 100 employees. The company, which builds branded online ordering systems…
SoundCloud Announces 20% Staff Cuts in Difficult Economic Times
SoundCloud is the latest tech company to announce layoffs in difficult economic times. Billboard reported that SoundCloud will be reducing its staff by 20%. The memo sent by CEO Michael…
Robinhood Lays Off Another 23% of Staff, Confirming Earlier Reports
Robinhood, the retail investment behemoth, has had a difficult year. The fintech company is downsizing by 23% of its staff just three months after laying off 9% of full-time workers….
Whereby Video Meeting Startup, CEO Announces Layoffs on LinkedIn
In a surprising turn of events, Whereby Video Meeting Startup has announced layoffs amid to challenging market conditions. The company CEO, Oyvind Reed took to LinkedIn to make the announcement,…
Lusha Lays off 30 Employees, 10% of its Workforce Amid Restructuring
Lusha, a Tel Aviv-based unicorn startup that provides a lead generation and CRM tool for salespeople, is laying off 30 employees, 10% of its workforce. According to LinkedIn, Lusha has…
100 Thieves Lays Off More Than 10 Members of Its Content Team
100 Thieves, a Los Angeles based gaming and esports organization, has reportedly laid off more than 10 members of its content team. Among those let go are social media managers,…
SWVL Lays Off 400 Employees in Massive Overhaul: What This Means for the Mobility Startup
In a major setback for the startup world, SWVL has announced that it will be laying off 400 employees. This is a 30% reduction in its workforce of its 1,330…