Layoffs in United States

Boston-based fitness startup Hydrow has laid off around 30 employees, marking its second round of cuts in less than six months. This follows a previous layoff in July 2022 that affected 35% of its then 200-person workforce. The latest reductions could represent nearly a quarter of the company's current staff as it navigates a post-pandemic slowdown in demand for at-home fitness equipment and increased competition, notably from Peloton's entry into the rowing machine market. CEO Bruce Smith stated the company is focusing on achieving profitability while continuing to develop new offerings. Hydrow, which sells high-end rowing machines and streaming workout memberships, has also adjusted its product pricing upward in recent months.

WeWork laid off 300 employees on 2023-01-19.

Icertis on 2023-01-19.

CS Disco, a legal technology company, conducted a layoff affecting approximately 85 employees, which represents about 20% of its workforce. The reduction was part of a strategic restructuring aimed at improving operational efficiency and extending the company's financial runway. This move, announced in early 2024, reflects broader challenges in the tech sector as companies adjust to economic pressures and shifting market demands.

Hubilo, an event management startup based in Bengaluru and San Francisco, laid off approximately 115 employees, representing about 35% of its workforce, earlier this month as part of a restructuring effort driven by global macroeconomic challenges. This marks the second round of layoffs within six months, following a reduction of 45 employees (12% of staff) in July 2022. The company, which pivoted to virtual events during the COVID-19 pandemic and raised over $150 million in funding, has faced declining demand as in-person events resumed. Hubilo is now refocusing on physical and hybrid event management while offering severance and outplacement support to affected employees.

Addepar, a wealth management software startup founded by Palantir co-founder Joe Lonsdale, laid off approximately 20 employees in December 2022, representing about 3% of its workforce. The Mountain View-based fintech company, which employs around 800 people and was valued at $2.17 billion in 2021, described the cuts as part of normal adjustments for a growing business. While some senior executives recently departed, these exits were reportedly unrelated to the layoffs. Addepar continues to hire and serves major financial clients with $4 trillion in assets on its platform. The job reductions are modest compared to larger cuts at other fintech firms like Plaid and Coinbase around the same time.

Microsoft announced on January 18, 2023, that it will lay off 10,000 employees, representing roughly 5% of its global workforce of about 221,000. The job cuts, set to begin immediately and continue through the third quarter of the fiscal year, are a response to macroeconomic challenges and shifting customer priorities. CEO Satya Nadella described the move as a difficult but necessary step to adapt to changing conditions and refocus the company's investments on strategic growth areas. This decision aligns with a broader slowdown in the tech industry, which saw significant layoffs across major firms in 2022.

80 Acres Farms representing approximately 10% of its workforce on 2023-01-18.

Lucid Diagnostics representing approximately 20% of its workforce on 2023-01-18.

Inspirato laid off 109 employees representing approximately 12% of its workforce on 2023-01-18.

Bally's Interactive representing approximately 15% of its workforce on 2023-01-18.

nCino laid off 100 employees representing approximately 7% of its workforce on 2023-01-18.

JumpCloud, a cloud-based directory platform company, laid off approximately 20% of its workforce, affecting around 100 employees, in a restructuring effort aimed at improving operational efficiency and extending its financial runway. The layoffs, announced in early 2023, were part of a strategic shift to focus resources on core product development and customer success amidst broader economic challenges in the tech industry. The company, which provides IT and security solutions for managing users and devices, stated the move was necessary to ensure long-term sustainability and growth, despite its prior rapid expansion and significant venture capital backing.

Mavenir on 2023-01-18.

Teladoc Health laid off 300 employees representing approximately 6% of its workforce on 2023-01-18.

Struggling online auto retailer Vroom announced a significant workforce reduction on Wednesday, laying off 275 employees. This cut represents approximately 20% of the company's total workforce, as disclosed in an SEC filing. The move is part of the company's broader efforts to restructure and reduce costs amid ongoing challenges in the automotive retail sector.

8x8 laid off 155 employees representing approximately 7% of its workforce on 2023-01-18.

Starry Group, a broadband service provider in the technology industry, announced significant layoffs on Wednesday, January 18, 2023. The company is cutting approximately 100 positions, which represents about 24% of its total workforce. This move is part of a broader restructuring effort aimed at reducing costs, with Starry expecting to save around $12 million in cash operating expenses over the next year. The job cuts are scheduled to take effect on January 23, 2023, and will involve one-time cash charges of roughly $0.8 million. This decision reflects the ongoing challenges and adjustments within the competitive broadband sector.

American Robotics, a Waltham-based drone startup, laid off approximately 50 employees last week, representing a significant 65 percent of its staff. The layoffs are part of a broader trend affecting the local tech sector in early 2023, driven by economic slowdowns, uncertain market conditions, and adjustments following periods of aggressive hiring. The company's parent, Ondas Holdings, cited the challenging economic climate and the need to accelerate integration with another drone firm, Airobotics, as key factors. This move reflects the industry's shift toward more measured growth amidst ongoing market volatility.

Oracle, a major enterprise software company, conducted another round of layoffs within its Oracle Advertising unit in January 2023, following earlier cuts in July and August 2022. While the exact number of employees affected this time was not disclosed, the unit had previously laid off about 60 people. These layoffs are part of a reorganization aimed at making the advertising business more focused and self-funding, coinciding with the departure of key executives like Chief Product Officer Derek Wise. The changes reflect ongoing adjustments in Oracle's cloud-based advertising and customer experience divisions.

RingCentral laid off 30 employees on 2023-01-17.

Luxury Presence, a real estate marketing software company, laid off 44 employees, representing 7 percent of its workforce, in mid-January 2023. Founder and CEO Malte Kramer attributed the layoffs to a worsening economic environment and a significant slowdown in the real estate market, despite the company having experienced rapid growth and record months in 2022. The firm, which provides high-end web marketing solutions for top agents and brokerages, had expanded sixfold since 2020 and raised substantial venture capital. Kramer expressed regret and took responsibility for the decision, noting the company is offering severance to affected staff.

LiveVox Holdings, Inc., a cloud-based contact center solutions provider in the IT services industry, announced a workforce reduction on January 17, 2023. The company laid off approximately 16% of its global team as part of a strategic pivot to adapt to evolving macroeconomic conditions and shift toward more profitable growth prospects. While the exact number of affected employees was not specified, the cuts were not evenly distributed across departments, with some areas seeing more significant impacts. This restructuring followed a period of strong growth, including 20 consecutive quarters of year-over-year expansion prior to the company's 2021 NASDAQ listing. The move aims to reposition the business in response to changing client needs and the digital transformation accelerated by the pandemic.

Unity laid off 284 employees representing approximately 3% of its workforce on 2023-01-17.

Avaya on 2023-01-17.

RateGenius on 2023-01-17.

Amazon has begun another round of job cuts, laying off more than 18,000 people as part of cost-cutting measures.

In January 2023, the Israeli-founded, New York-based corporate gifting platform Snappy announced a significant workforce reduction, laying off approximately 100 employees. This cut represents about 30% of its global team, with only a small number of the affected employees based in Israel. CEO Hani Goldstein cited the need to adjust the company's financial strategy toward sustainable growth and profitability amidst broader economic shifts and uncertainties affecting the tech industry. The layoffs follow a period of rapid expansion and investment, including a $70 million Series C funding round in 2021.

Arch Oncology, a Roche-backed biotech startup, has laid off all its employees after discontinuing development of its anti-CD47 antibody program. The company, based in Brisbane, California, effectively ceased operations, resulting in a 100% reduction of its workforce. This decision, reported in January 2023, reflects the high-risk nature of the biotechnology industry, where startups often pivot or shut down when key drug candidates fail to progress. The move underscores the challenges in targeting the CD47 pathway in oncology.

Healthtech startup Vial laid off its entire site network division in October 2022, affecting 40 to 50 employees, which represented about 32-40% of its then 125-person workforce. These cuts, part of multiple rounds of layoffs that year, came as a surprise to staff, especially since the company announced a $67 million Series B funding round just weeks later. The layoffs resulted from a strategic shift away from managing clinical trial divisions at clinics to focusing on its software offerings. Founded in 2020, Vial operates in the healthtech industry, helping biotech companies run clinical trials.

Bonterra, a fundraising software company formed from the merger of Social Solutions, CyberGrants, EveryAction, and Network for Good, laid off 140 employees, representing 10% of its workforce, on January 13, 2023. The cuts, affecting all levels and legacy entities, were announced via email by new CEO Mark Layden, who cited a strategic restructuring to streamline operations after the company's growth to over 1,000 employees. The layoffs follow recent leadership changes and private equity-backed acquisitions, with the company aiming to reshape its business for future growth in the nonprofit technology sector.

Jellyfish representing approximately 9% of its workforce on 2023-01-13.

GoCanvas, a construction technology company, conducted a reduction in force this week, resulting in layoffs of an unspecified number of employees. The announcement, made by a company executive, emphasized the contributions of those affected and highlighted the company's commitment to supporting both current team members and alumni in their career transitions. While exact figures regarding the total workforce, percentage impacted, and specific reasons were not disclosed, the move reflects broader adjustments within the tech industry. The company, known for its mobile platform for field data collection, operates in the construction and field service sectors.

Carvana on 2023-01-13.

CoSchedule on 2023-01-13.

Mapbox, a mapping and location data platform provider, conducted a layoff in early 2024, affecting approximately 28 employees, which represented about 10% of its workforce at the time. The reduction was part of a broader restructuring effort to streamline operations and focus on core business priorities amid a challenging economic environment for the tech industry. The company, which operates in the software and geospatial technology sector, has scaled back as it navigates market pressures and aims for sustainable growth.

Lending Club laid off 225 employees representing approximately 14% of its workforce on 2023-01-12.

Career Karma, an edtech startup providing a learning navigation platform, laid off 22 employees in January 2023, following a previous cut of 60 staff five months earlier. This latest reduction, confirmed by CEO Ruben Harris, reflects ongoing challenges in the edtech sector as companies adjust to a tougher macroeconomic climate. The layoffs are part of a strategy to extend the company's financial runway to five years, shifting from a more typical three-year plan, amid slower enterprise sales cycles and investor caution. The move underscores the industry-wide pressure to right-size operations and adapt to uncertain demand from large corporate customers.

Lattice, an HR software company, is laying off approximately 15% of its workforce as part of a reorganization to adapt to changing economic conditions. CEO Jack Altman announced the difficult decision, citing that while revenue has grown fivefold since the pandemic, costs increased even more in anticipation of continued rapid growth that now seems unlikely. The shift from a low-interest-rate environment in 2020-2021 to a 2023 landscape where customers are cutting spending has forced Lattice to prioritize efficiency over expansion. This restructuring means the company will maintain a relatively flat headcount for FY'24, moving away from previous aggressive hiring practices to build a more sustainable business focused on long-term strategy and customer experience.

Definitive Healthcare laid off 55 employees representing approximately 6% of its workforce on 2023-01-12.

Akili Labs laid off 46 employees representing approximately 30% of its workforce on 2023-01-12.

In January 2023, the fintech startup Greenlight, which provides debit cards and financial education tools for kids, laid off 104 employees. This reduction represented over 21% of its then total workforce of 485 people, leaving the company with 381 staff. The layoffs were implemented to optimize operating expenses and better align with the challenging macroeconomic environment and ongoing economic slowdown. The Atlanta-based company, which had raised significant venture funding, stated it remains committed to its mission of improving financial literacy for families while focusing on serving its growing customer base in the year ahead.

Life360 representing approximately 14% of its workforce on 2023-01-12.

Rock Content, a Brazilian content marketing and technology company, began 2023 with an internal "adjustment," laying off 15% of its workforce. Based on its reported LinkedIn headcount of 929 employees, this translates to approximately 139 people being let go. The layoffs were communicated on January 11, 2023, and affected various departments, including technology and sales, with some long-tenured employees among those dismissed. CEO Diego Gomes stated the difficult decision was necessary to make the company more sustainable and focused, aiming to return to profitability after efforts to streamline operations throughout 2022. This move reflects broader challenges within the tech and startup sector.

Supply chain software startup Flexport is laying off approximately 640 employees, representing 20% of its global workforce, as announced by co-CEOs Ryan Petersen and Dave Clark. The company, which was valued at $8 billion and topped CNBC's Disruptor 50 list last year, is responding to a global macroeconomic downturn and softening trade volumes that have reduced demand and volume forecasts for 2023. Like many tech firms that expanded rapidly during the pandemic, Flexport now faces the need to streamline operations and improve efficiency. The layoffs, announced in early 2023, aim to position the company for long-term success by becoming more nimble and fiscally responsible as it navigates challenging economic conditions.

Verily laid off 250 employees representing approximately 15% of its workforce on 2023-01-11.

On January 12, 2023, the crime-reporting and neighborhood safety app Citizen laid off 33 employees. The company, which operates in the consumer technology and social networking industry, confirmed the staff reduction, noting that impacted employees received a severance package including career support and extended benefits. While the exact percentage of the workforce affected was not disclosed, at least 10 engineers were among those let go. Founded in 2016, the private company had most recently raised a $73 million Series C in early 2021. The layoffs come as Citizen, which has seen over 14 million downloads, has faced ongoing criticism and controversy regarding its approach to crime reporting and user safety.

Intrinsic laid off 40 employees representing approximately 20% of its workforce on 2023-01-11.

Carta, a $7.4 billion equity management platform, has laid off approximately 10% of its workforce, affecting around 200 employees, in January 2023. CEO Henry Ward cited the broader downturn in the tech and venture ecosystem, stating that customer struggles directly impact the company. This reduction follows similar cost-cutting measures in travel and vendor spending. The layoffs coincide with a lawsuit against its former CTO for alleged misconduct and reported customer dissatisfaction with service continuity. Severance includes 2.5 months of pay plus additional weeks per year of service, with support for visa holders and mental healthcare.

Jumio, an identity verification provider, has laid off over 100 employees, representing less than 6% of its approximately 1,500-strong workforce. The downsizing, confirmed in January 2023, affected teams in the U.S., international, and India offices. The company cited the lagging economic impact of COVID-19 and current market challenges as reasons, stating it needed to focus on core business areas and reduce spending on underperforming investments to remain competitive. Jumio is offering placement services and support to those impacted, emphasizing the difficult decision was made to ensure the company's strategic future growth in the biometrics and digital identity industry.