Layoffs in United States

Online insurance agency EverQuote is laying off 98 employees at its Evansville, Indiana office by August 28, as part of a broader restructuring to reduce non-marketing operating expenses by over 15%. The Cambridge, Massachusetts-based company, which reported $404 million in revenue for 2022, is streamlining its operations, including exiting its health insurance vertical that represented about 10% of its revenue. CEO Jayme Mendal stated the cost-cutting measures aim to position EverQuote for growth and profitability, anticipating a return to normal consumer acquisition patterns by auto insurance carriers. The layoffs follow the company's acquisition of Evansville-based Crosspointe in 2020 and subsequent expansion in the area.

Online used-car seller Shift Technologies announced on Tuesday that it will lay off approximately 34% of its workforce as part of a restructuring effort. This significant reduction is a result of the company's strategic review, which also includes ending investment into its dealer marketplace business. Operating in the competitive automotive e-commerce industry, Shift is making these cuts to streamline operations and focus resources amid challenging market conditions. The layoffs reflect a major downsizing for the company as it seeks to stabilize its financial position and adapt its business model.

Based on the provided content, there is no information about a layoff event at Matterport. The article content is promotional marketing material describing the company's digital twin services for corporate real estate, property marketing, facilities management, and design & construction. It focuses on product offerings and value propositions, not on workforce changes, financial results, or restructuring. Therefore, a summary of a layoff cannot be generated from this text.

Built Technologies on 2023-07-11.

Butterfly Network, Inc., a medical imaging technology company, implemented a workforce reduction in July 2023 as part of a broader exit or disposal activity. The company, which develops portable ultrasound devices, disclosed the layoffs in an SEC Form 8-K filing dated July 14, 2023. While the specific number of employees affected and the total workforce size were not detailed in the initial report, the action was taken to manage costs and streamline operations. This move reflects ongoing restructuring efforts within the advanced medical equipment sector as companies adjust their strategies.

Rad Power Bikes, a Seattle-based electric bicycle company, is exiting the European market to concentrate its efforts on North American sales. This strategic shift, announced in July 2023, will result in the layoff of approximately 40 employees by the end of the year. The decision follows several previous rounds of layoffs and is part of a broader effort by the new CEO to control costs and address safety concerns, which have included high-profile lawsuits. The company, which first expanded to Europe six years ago, will cease sales in the UK and EU starting in 2024 to focus on its core market where its brand is strongest.

Latch, Inc., a company in the business support services sector, announced a significant workforce reduction on July 10, 2023. As part of a strategic initiative to enhance operational discipline and efficiency following its acquisition of Honest Day's Work, the company plans to cut approximately 59% of its U.S.- and Taiwan-based employees by November 1, 2023. This move aims to reduce operational spend, leverage a global workforce, and create a scalable foundation for future growth. The restructuring includes forming a new leadership team and establishing a centralized office in St. Louis for certain U.S.-based roles.

IntelyCare on 2023-07-10.

Evernote, the note-taking app company, has laid off a significant portion of its workforce. While the exact number of employees affected is not specified in the provided content, the layoffs are part of a broader restructuring effort by its parent company, Bending Spoons. This move, occurring in the tech industry, aims to streamline operations and ensure the app's long-term sustainability. The company, which operates at a global scale, is focusing on integrating Evernote more deeply into its existing portfolio of apps. The layoffs reflect ongoing challenges and consolidation within the productivity software sector.

Trellix, a cybersecurity company formed from the merger of McAfee Enterprise and FireEye, laid off approximately 300 employees in early 2024. This reduction affected about 5% of its global workforce, which was reported to be around 6,000 employees at the time. The layoffs were part of a broader restructuring effort aimed at streamlining operations and improving efficiency within the competitive cybersecurity industry. This move reflects ongoing consolidation and strategic adjustments in the tech sector as companies navigate economic pressures and seek to optimize their resources for future growth.

Solidigm laid off 98 employees on 2023-07-06.

Israeli telehealth startup TytoCare laid off 20 employees, representing about 10% of its total workforce of 200 people, in July 2023. The company, which develops a digital device for remote medical testing and diagnosis, cited significant changes in the financial markets as the reason for the personnel adjustments. Approximately half of the affected employees were based in Israel, where the company employs 135 staff. Founded in 2012 and having raised $155 million in total funding, TytoCare stated it remains committed to advancing digital home medicine and expanding its global customer base despite the layoffs.

ConnectRN on 2023-07-06.

Perfect Day laid off 134 employees representing approximately 15% of its workforce on 2023-07-06.

Crunchbase, a provider of business intelligence and startup data, underwent a strategic restructuring that resulted in layoffs affecting several valued team members. The company's CEO announced the difficult decision, which was part of a broader effort to streamline operations and position the company for future growth. While the exact number of employees laid off and the percentage of the total workforce were not specified in the announcement, the leadership publicly shared a list of impacted individuals to help them find new opportunities. The layoffs occurred in the context of a challenging economic environment for the tech and data industry, reflecting a trend of companies optimizing their structures for efficiency.

Amdocs, a global software company with around 31,000 employees, is conducting another significant round of layoffs, cutting approximately 2,000 positions, which represents about 6.5% of its workforce. This follows a previous reduction of 700 employees earlier in the year. Despite reporting positive financial results and growth in recent quarters, the company cites ongoing assessments of global macroeconomic conditions as the reason for these efficiency measures. The layoffs, announced in July 2023, reflect broader trends in the tech industry, even as Amdocs maintains a strong market position with a nearly $12 billion valuation.

Israeli healthtech startup DayTwo, which had developed personalized nutrition kits for diabetic patients using stool sample analysis, has undergone a dramatic restructuring, laying off over 75% of its workforce over the past year. The company, which employed 150 people in 2022, now retains only 35 employees—20 in Israel and 15 in the U.S.—as it winds down most operations. Facing an unsustainable business model despite raising $85 million, primarily from co-founder Marius Nacht, DayTwo is now focused on supporting existing customers and seeking to sell its technology. The restructuring, reported in July 2023, followed challenges in achieving profitability and mixed results in weight loss outcomes, despite some success in improving blood sugar levels.

MediaMath, a pioneering demand-side platform in the online advertising industry, is shutting down and filing for Chapter 11 bankruptcy after acquisition talks with Viant and Verve Group collapsed. The company, which once had a peak valuation over $1 billion, will cease platform access as of June 30, 2023. This closure results in layoffs for the majority of its more than 300 employees, with only a small team remaining to manage the bankruptcy proceedings. The financial downfall stems from years of missed acquisition opportunities and ongoing debt, including a $150 million credit facility from Goldman Sachs, despite raising over $600 million since its 2007 founding.

Direct-to-consumer sleepwear brand Lunya has filed for Chapter 11 bankruptcy under the subchapter V provision on June 16, a move that involves restructuring and typically includes workforce reductions as part of cost-cutting efforts. While the exact number of layoffs is not specified in the filing, CEO Blair Lawson stated the company has "streamlined our team" as part of dramatic operating expense reductions. The company, which had revenue peak at over $50 million in 2020-2021 before falling to $35 million in 2022, faced significant challenges from Apple's iOS privacy changes that crippled its digital marketing, leading to a major inventory overbuy. Additionally, expensive retail leases from its expansion to seven owned stores have burdened the business. The bankruptcy filing aims to clear old liabilities and leases to return the small business to profitability.

Buzzer, a mobile sports streaming startup backed by $44 million from high-profile investors like Michael Jordan and Kevin Durant, is shutting down all operations as of late June 2023. The company, which targeted Gen Z fans with micro-payments for live event clips, had previously pivoted from a consumer app to a B2B technology provider in May, but the strategy failed amid tough fundraising and market conditions. Founded in 2020, Buzzer had secured streaming rights for major leagues including the NBA and NHL. The shutdown marks the end for the venture, which employed a team of undisclosed size in the competitive sports media and technology industry.

Petal representing approximately 20% of its workforce on 2023-06-30.

Plex, a free streaming app, laid off approximately 20% of its workforce, affecting 37 employees out of 175 total, due to an advertising slowdown and market saturation in the FAST sector. The layoffs were announced on June 29, 2023, as part of cost-cutting measures to achieve profitability within the next 18 months.

The provided content appears to be a cryptocurrency price list and does not contain any information about layoffs at Candy Digital. Therefore, it is not possible to summarize a layoff event from this data. To create a summary, details such as the number of employees affected, the reason for the layoffs, and the date of the event would be required.

In June 2023, Headspace Health, the Santa Monica-based mental health and meditation app company, laid off 181 employees, representing 15% of its workforce. This marked the company's second round of cuts since December 2022, when it reduced its staff by 50. CEO Russell Glass cited an underestimation of how the economic environment would impact consumer behavior as a key reason, stating the move aims to achieve cash-flow positivity in 2024 and reduce reliance on external funding. The layoffs primarily affected content creation teams. Founded in 2010, Headspace grew significantly during the pandemic and merged with Ginger in 2021 to form Headspace Health, operating in the competitive wellness tech industry.

Online art brokerage Artsy laid off 35 employees, representing about 15% of its workforce, in late June 2023. The company's CEO, Mike Steib, cited broader economic headwinds and a slowdown in the art market, which were pushing profitability out of reach for the year and jeopardizing the business. Despite stable operations and growing revenue, the layoffs were deemed necessary to ensure sustainable operations. Founded in 2009, Artsy has evolved from its initial Art Genome Project to a subscription-based platform for galleries, supported by significant past investments. This marks another round of cuts for the company, which previously reduced staff in 2019.

Stripe on 2023-06-29.

Insider Intelligence laid off 20 employees on 2023-06-29.

Niantic, the San Francisco-based mobile games developer known for Pokémon Go, laid off 230 employees on Thursday as part of a company reorganization. This reduction represents a significant portion of its workforce, though the exact total employee count isn't specified. The layoffs are attributed to both internal and external factors, including a challenging macroeconomic environment and shifts in the mobile gaming industry. Specifically, changes in app store policies have made user acquisition more difficult and expensive, complicating the launch of new games. As a result, Niantic is canceling NBA All-World and halting production on an unreleased Marvel title, while closing its Los Angeles studio. The company is refocusing its efforts, prioritizing support for Pokémon Go and investing in future augmented reality platforms.

Vowel, a video conferencing startup, has laid off approximately 20% of its workforce, affecting around 10 employees. The company, which had a total of about 50 employees, made these cuts in late 2024 as part of a strategic restructuring to extend its financial runway and focus on core product development. Operating in the competitive enterprise software and video collaboration industry, Vowel is a small-scale venture-backed company aiming to streamline meeting productivity. The layoffs reflect broader market pressures and a shift toward sustainable growth.

Karat laid off 47 employees on 2023-06-28.

On June 28, 2023, Zapier, a profitable automation software company, announced a workforce reduction of approximately 10% of its team. This decision, made to reposition the company for future challenges, was driven by shifting economic conditions and the rapid emergence of AI and large language models. The layoffs, affecting roles across various departments, aim to reallocate resources toward early product development and AI initiatives, areas deemed critical for future growth. While the exact number of employees impacted wasn't specified, the 10% cut reflects a strategic shift to address new competitive dynamics and ensure the company remains aligned with evolving market demands in the tech industry.

ClickUp, a San Diego-based productivity software startup valued at $4 billion, has laid off approximately 90 employees, representing 10% of its roughly 900-person workforce. The layoffs, which began notifying affected staff in early July 2023, were implemented to increase efficiency and better position the company for a future public listing amid a market slowdown. The cuts impacted software engineering, customer service, and support teams, with the company citing a strategic move to relocate some support roles to lower-cost regions. This marks the second round of layoffs for ClickUp, following a 7% reduction in 2022. The company, backed by investors like Andreessen Horowitz and Tiger Global, provides a unified work management platform to clients including IBM and Netflix.

Plex, a media streaming and server platform, laid off 37 employees on June 28, 2023, which constitutes over 20 percent of its total staff. The cuts impacted every department within the company. CEO Keith Valory cited a significant downturn in global advertising markets, which has severely affected Plex's ad-supported streaming business, as the primary reason. Facing a challenging environment to achieve profitability, the company is restructuring to focus on four main product areas and aims to return to being cash-flow positive within the next 18 months. This move reflects broader difficulties in the streaming industry.

Ludia, a Montréal-based mobile game developer owned by Jam City, has laid off an estimated 55 employees, primarily affecting game production roles, including senior management and veterans. The layoffs, part of a company restructure to optimize title performance, were confirmed following reports from staff on LinkedIn this week. While the company did not disclose the exact number, the cuts represent a significant reduction for the studio known for Jurassic World Alive. The restructuring comes amid a slight revenue decline for its flagship title and follows broader layoffs at parent company Jam City last summer. Affected employees are being offered severance, extended benefits, and career transition support.

New Relic laid off 255 employees representing approximately 10% of its workforce on 2023-06-27.

Honor representing approximately 15% of its workforce on 2023-06-27.

Lordstown Motors, an electric vehicle startup specializing in pick-up trucks, filed for Chapter 11 bankruptcy protection on June 27, 2023. The company, which had previously struggled with production and financial challenges, was forced into this action after its critical partnership and investment deal with Foxconn collapsed. Lordstown has simultaneously sued Foxconn, accusing the Taiwanese manufacturing giant of fraud and failing to fulfill its investment commitments, which the startup claims ultimately destroyed its business. The bankruptcy filing puts the entire company up for sale, marking a dramatic fall for a firm that once aimed to revitalize a former General Motors plant in Ohio.

Google is implementing layoffs at its Waze mapping service as part of a strategic integration with its own mapping products. The cuts, announced in an internal email on Tuesday, affect roles in sales, marketing, operations, and analytics as Waze transitions its advertising system to use Google Ads instead of a separate platform. While the exact number of layoffs was not specified, the Waze unit employs over 500 people. This move follows Google's broader efforts to streamline operations and improve efficiency, including the consolidation of Waze into its Geo division since late last year. The tech giant, which acquired Waze for about $1.3 billion in 2013, aims to create a more scalable ads product, reflecting ongoing adjustments within the competitive mapping and navigation industry.

Robinhood laid off 150 employees representing approximately 7% of its workforce on 2023-06-26.

Payoneer, an Israeli fintech company with a market cap of around $1.7 billion, is laying off 200 employees, constituting approximately 10% of its total workforce of about 2,000. The layoffs, announced in late June 2023, are part of a strategic shift towards profitable growth amid a challenging macroeconomic climate and lower-than-expected transaction volumes on its platform. The cuts, primarily affecting marketing and service departments, follow the appointment of a new CEO four months prior. Payoneer, which provides cross-border payment solutions for small and medium-sized businesses, went public via a SPAC merger in 2021.

Convoy laid off 30 employees representing approximately 5% of its workforce on 2023-06-26.

Israeli AI recruitment startup Joonko is on the verge of closure following a board investigation that uncovered fraudulent conduct by its CEO, leading to extensive layoffs. The company, which had raised $38 million and employed around 50 people at its peak, is dismissing most of its workforce after it was revealed that reported customer numbers were significantly inflated. The board stated in June 2023 that CEO Ilit Raz engaged in unethical and fraudulent activities, harming the company and its shareholders. This scandal has forced the startup, focused on sourcing underrepresented candidates, into a shock closure, with senior executives already departed and remaining employees facing dismissal.

IRL representing approximately 100% of its workforce on 2023-06-23.

Business software company Anaplan has initiated significant layoffs, affecting hundreds of employees following its acquisition by private equity firm Thoma Bravo in a $10.4 billion deal last year. According to reports and insider interviews, at least 300 workers are being let go, with some estimates reaching over 500 across U.S. and UK offices, potentially impacting more than 15% of the workforce. The cuts, which include roles like software engineers and security analysts, are part of broader cost-cutting measures under Thoma Bravo, leading to employee concerns over morale and job security. Notices indicate separations will occur from late June through August, with at least 119 layoffs at the San Francisco headquarters alone.

Illumina on 2023-06-21.

Friday Health Plans on 2023-06-21.

Uber laid off 200 employees on 2023-06-21.

Mutiny representing approximately 30% of its workforce on 2023-06-21.

Los Angeles-based vacation rental property manager AvantStay has laid off 37 employees, representing less than 10% of its staff. This marks the company's third round of job cuts within the past year, part of an ongoing reorganization strategy aimed at improving operational efficiency and reducing costs. The move reflects broader challenges in the vacation rental management sector, which has faced a market reckoning following the pandemic boom.

Panther, a company in the HR tech industry focused on international hiring and payroll, is winding down its operations entirely as of June 2023. This decision effectively results in a 100% layoff of its team, as the company is shutting down. The announcement, made by CEO Matt Redler, cited the immense challenge of the market and the emergence of well-resourced competitors like Remote, to whom Panther is transitioning its customers. The company's platform will cease payments by July 10, 2023, with the team available to assist with the transition until the end of July. This closure marks the end for the startup, which aimed to streamline global employment.