Layoffs in United States

MeridianLink, a provider of software solutions for the financial services and mortgage industries, has conducted a layoff affecting approximately 4% of its workforce. This reduction, which occurred in early 2024, is part of a strategic restructuring effort aimed at improving operational efficiency and aligning the company's cost structure with its long-term growth objectives. The move reflects broader challenges and adjustments within the fintech and mortgage technology sectors.

Lendio, a financial technology company in the small business lending sector, conducted a reduction in force, laying off a number of employees. The announcement was made by a company representative via a LinkedIn post, which expressed regret over letting go of talented engineering staff. While the exact number of affected employees and the percentage of the workforce were not specified in the available post, the layoffs were framed as an unfortunate but necessary business decision. The event occurred approximately two years prior to the current date, based on the post's timestamp.

Ledger Investing representing approximately 25% of its workforce on 2024-01-08.

Flexe laid off 99 employees representing approximately 38% of its workforce on 2024-01-08.

NuScale Power laid off 154 employees representing approximately 28% of its workforce on 2024-01-08.

Here, a Miami-based fractional short-term vacation rental marketplace startup, has shut down its investment platform on January 3, 2024, citing the challenging interest rate environment and economic conditions. While the company did not disclose specific layoff figures, the closure of this core platform suggests a significant operational downsizing. Founded in 2021 and launching in 2022, the proptech/fintech startup had raised $5 million in known funding. The platform, which allowed investors to buy partial ownership in vacation rentals for as little as $1, reported a net loss from its properties in the first half of 2023. The company stated its other business units would continue, but the investment platform's failure reflects broader struggles for proptech ventures in the current financial climate.

LiveVox on 2024-01-07.

NanoString Technologies laid off 50 employees representing approximately 9% of its workforce on 2024-01-06.

Cue Health laid off 94 employees representing approximately 13% of its workforce on 2024-01-05.

In early January 2024, San Francisco-based recruiting software startup Lever, a subsidiary of Employ, conducted layoffs, becoming one of the first tech firms to reduce headcount in the new year. The company did not disclose the exact number of employees affected, but the cuts included customer service roles. This move reflects ongoing challenges in the tech hiring sector, following a difficult 2023 where over 76,000 tech workers were laid off in the Bay Area. Lever, which provides applicant tracking systems for clients like Netflix and KPMG and was valued around $550 million prior to its 2022 acquisition, stated the reductions were made to align its objectives and financial plans for 2024 and beyond.

VideoAmp, a measurement and analytics company in the advertising technology industry, laid off 20% of its workforce in early January 2024. This significant staff reduction coincided with the CEO stepping down, indicating a period of restructuring and leadership transition for the firm. The layoffs reflect broader challenges and adjustments within the competitive ad tech sector.

InVision representing approximately 100% of its workforce on 2024-01-04.

Xerox is laying off approximately 3,075 employees, representing 15% of its workforce of about 20,500, as part of a major restructuring announced in early 2024. The technology and document management company is implementing a new organizational structure and operating model to streamline its core print business, improve global efficiency, and increase focus on IT and digital services. The job cuts are being executed in the first quarter of the year, accompanied by a redesign of the executive team to drive this strategic shift.

The Messenger laid off 24 employees on 2024-01-02.

Frontdesk, a short-term rental and proptech startup, laid off its entire 200-person workforce on January 2, 2024, after failing to secure a necessary bridge round of funding. The company, which managed over 1,000 furnished apartments across the U.S., informed employees of the mass termination via a brief virtual meeting and announced plans to file for a state receivership. Founded in 2017 and having raised approximately $26 million, Frontdesk's collapse highlights ongoing challenges in the proptech sector, coming just months after it acquired rival Zencity. The layoff effectively represents a 100% reduction in staff as the company nears a complete shutdown.

Strake, a technology startup, is shutting down at the end of the year, resulting in layoffs for its entire team. The company's co-founder announced the closure and publicly vouched for the affected employees, listing at least ten individuals specializing in front-end development, backend engineering, data, design, and infrastructure. While an exact total employee count isn't provided, the post confirms a full team wind-down. The closure appears to be a company shutdown rather than a partial reduction, affecting all staff as Strake ceases operations.

Hyperloop One representing approximately 100% of its workforce on 2023-12-21.

Palmetto Clean Technology on 2023-12-21.

Intel laid off 311 employees in California just before the holidays, with 235 positions cut at its Folsom offices and 76 at its Santa Clara headquarters, effective December 31, 2023. This represents a small fraction of its global workforce of about 110,000. The layoffs are part of Intel's broader cost-cutting strategy, aiming to reduce annual spending by $3 billion in 2023 and $10 billion by 2025, following a challenging fiscal year that began with significant losses. The semiconductor giant has also canceled several projects and product lines to streamline operations and accelerate its strategic goals amid competitive pressures.

Kaspien representing approximately 100% of its workforce on 2023-12-19.

Enphase Energy, a solar technology company, announced on December 18, 2023, a workforce reduction impacting approximately 350 contractors and employees, representing about 10% of its global workforce. This layoff is part of a broader restructuring to streamline operations amid a challenging macroeconomic environment for the solar industry. The company cited high interest rates reducing consumer demand in the U.S., market uncertainty from policy changes like California's NEM 3.0, and a slowdown in European demand leading to high inventory. To become leaner and more efficient, Enphase will also cease contract manufacturing in Timisoara, Romania, and Wisconsin, U.S., resize other sites, and extend hiring and travel freezes into 2024, aiming to reduce quarterly operating expenses.

Glowforge laid off 30 employees on 2023-12-15.

Superpedestrian, an e-scooter startup, is shutting down its U.S. shared scooter operations on December 31, 2023, and exploring a sale of its European business. The company, which had raised $125 million just 18 months prior, cited financial difficulties as the reason, despite efforts from investors to keep it afloat. This move follows a series of layoffs and reflects broader challenges in the e-scooter industry, such as market exits and valuation declines. The shutdown will result in minimal staff remaining as scooters are retrieved nationwide.

Duolingo cut around 10% of its contractor workforce at the end of 2023, citing AI models like GPT-4 to streamline content production and translations, with the layoffs announced on December 15, 2023.

Curbio, a PropTech company specializing in home renovation services, recently conducted layoffs due to a challenging home sales market. While the exact number of employees affected and the percentage of the workforce reduced were not specified in the post, the company acknowledged the staff reduction as a response to tough market conditions. The layoffs highlight the broader pressures within the real estate technology sector, where fluctuating home sales can impact demand for related services. This move reflects Curbio's adjustment to current economic realities, aiming to streamline operations amidst a slower housing market.

Stellar Pizza representing approximately 50% of its workforce on 2023-12-14.

Cruise, the self-driving car subsidiary of General Motors, laid off 900 employees in December 2023, representing 24% of its then 3,800-person workforce. This major restructuring aimed to slash costs and revamp the company following a severe safety incident in October where a pedestrian was struck and dragged by a Cruise robotaxi. The layoffs primarily targeted non-engineering roles in field operations, commercial operations, and corporate staffing, as the company refocused its strategy to rebuild its service cautiously in one city. The announcement was made via a company-wide email from the new president and CTO, with affected workers receiving severance packages including extended pay and benefits.

Flyhomes on 2023-12-14.

Bolt representing approximately 29% of its workforce on 2023-12-14.

Flex, a global electronics manufacturing services provider, is laying off 31 employees at its Milpitas, California facility, with the cuts scheduled to take effect on January 6, 2024. This move is part of a broader wave of tech and finance industry layoffs in the Bay Area ahead of the holidays, as companies adjust to ongoing economic uncertainties. While the exact percentage of Flex's total workforce affected is not specified in the state filing, the layoffs are described as permanent. The company operates on a large scale, offering contract manufacturing across various industries.

Analog Devices laid off 111 employees on 2023-12-13.

Sojern, a digital marketing platform serving the travel industry, laid off approximately 20% of its workforce last week. The company stated the cuts were primarily tied to its legacy offerings as it shifts investment focus toward newer technologies. This move is part of a broader trend, marking Sojern as the third travel tech company to conduct layoffs within the past month.

Based on the provided content, no information about a layoff event at ForgeRock is available. The article content only displays a technical error message regarding disabled JavaScript in a web browser, preventing the site from loading properly. Therefore, a summary of layoff details such as the number of employees affected, reasons, or dates cannot be generated.

Invitae, a San Francisco-based genetic testing and health data startup, laid off 235 employees at its headquarters in early December 2023. This reduction represents 15% of the company's total workforce and affected technical, recruiting, HR, and sales departments, including some director-level roles. The layoffs are part of a strategic shift from aggressive growth and acquisitions toward cost-cutting, driven by a broader downturn in the biotech market. This follows a previous round of 1,000 job cuts in July, highlighting ongoing challenges in the tech and biotech sectors.

Etsy, the global e-commerce marketplace known for handmade and vintage goods, announced in December 2023 that it is laying off approximately 225 employees, representing 11% of its workforce. This reduction brings the core marketplace headcount to about 1,770. CEO Josh Silverman cited a "very challenging" macroeconomic and competitive environment as the primary reason, noting that while the marketplace has doubled in size since 2019, gross merchandise sales have remained essentially flat since 2021. The layoffs are part of a restructuring effort to streamline costs and reignite growth, despite the company raising its fourth-quarter EBITDA margin guidance.

FourKites representing approximately 15% of its workforce on 2023-12-13.

Chipper Cash, an Africa-focused fintech unicorn, laid off 15 employees in December 2023, marking its fourth round of job cuts within a year. This restructuring primarily affected its US team, with no roles in Africa impacted. The company, which facilitates cross-border payments and other financial services across the continent, stated the move was to ensure organizational efficiency and emphasized its business was performing well, expecting profitability soon. Alongside the layoffs, the company also reportedly reduced salaries for remaining staff in the US and UK. Founded in 2018, Chipper Cash had previously achieved a valuation of $2.2 billion and has raised over $300 million from notable investors.

Hasbro is laying off 1,100 employees as part of a cost-cutting and restructuring effort, aiming to save $350 million to $400 million by 2025. The company is refocusing on licensing opportunities and scaling entertainment, despite strong performance from its Wizards of the Coast division, which includes Dungeons & Dragons and Magic the Gathering. This follows a previous layoff of 800 employees in January.

Jungle Scout, an e-commerce software company specializing in Amazon seller tools, conducted a workforce reduction in late 2022, letting go of an unspecified number of employees. The layoffs were driven by market pressures and a strategic decision to refocus the company's efforts on its core mission of providing world-class Amazon competitive intelligence. While the exact scale of the layoff and the company's total employee count at the time were not publicly detailed in the announcement, the move was described as a difficult but necessary step to streamline operations and strengthen the business under existing constraints.

Sunfolding, a venture-backed solar tracker startup founded in 2012, has ceased operations after 11 years, resulting in the layoff of its entire workforce. The company, which once employed 44 people, faced insurmountable challenges primarily due to manufacturing issues and a lack of experience in executing solar projects. Despite developing an innovative pneumatic tracker system aimed at reducing costs and enabling installations on uneven terrain, Sunfolding struggled to compete in a market dominated by larger players like Array Technologies and Nextracker. The shutdown, confirmed in mid-2023, underscores the difficulties hardware startups face in the rapidly growing but competitive utility-scale solar industry, even after raising significant funding, including a $32 million round in 2019.

SmileDirectClub, a telehealth orthodontics company founded in 2014, has ceased all global operations and effectively shut down as of December 8, 2023, following its Chapter 11 bankruptcy filing in late September. The Nashville-based direct-to-consumer dental aligner firm, which once partnered with major retailers like Walmart and CVS, is winding down immediately, leaving an unspecified number of employees laid off and stranding customers mid-treatment. The company, which had positioned itself as an affordable alternative to traditional orthodontics, cited unsustainable financial challenges despite its mission to democratize smile care. This closure impacts the entire workforce and disrupts care for over two million customers served, marking a significant failure in the competitive telehealth and dental industry.

D2iQ representing approximately 100% of its workforce on 2023-12-08.

Zulily laid off 839 employees representing approximately 100% of its workforce on 2023-12-08.

Music streaming service Tidal is laying off more than 10% of its staff, affecting around 40 employees, as part of parent company Block's plan to cap headcount at 12,000 to focus on business growth.

Rivian laid off 20 employees on 2023-12-07.

Atmosphere on 2023-12-07.

Navan, a travel and expense management startup, has laid off approximately 145 employees, representing 5% of its global workforce of over 2,900 people. The cuts affected teams across various departments as part of the company's efforts to streamline operations and achieve profitability ahead of its planned initial public offering next year. This move reflects broader industry trends where tech startups are adjusting their strategies to strengthen financial performance in preparation for public market scrutiny.

Tidal laid off 40 employees representing approximately 10% of its workforce on 2023-12-06.

Navan, an expense management startup formerly known as TripActions, has laid off 5% of its staff, or 145 employees, as part of a restructuring effort to move faster toward profitability ahead of a delayed IPO. The company, based in Palo Alto, California, has seen strong growth in recent years and is refocusing on operational efficiencies while competing with rivals like Ramp and Brex.

Course Hero, an educational technology company, recently conducted layoffs affecting a number of skilled employees across all departments. While the exact number of impacted staff was not disclosed in the announcement, the company encouraged other employers to consider hiring from its alumni talent list. The layoffs occurred last week, with the company citing a restructuring effort as it navigates the evolving edtech landscape. Course Hero, which provides study resources and a platform for educators, has a workforce in the hundreds, indicating these cuts represent a significant, though unspecified, percentage of its total team.