Layoffs in United States

Houzz, a U.S.-based home design and renovation platform, laid off nearly 100 employees globally in December 2022, representing about 8% of its workforce. The company cited challenging macroeconomic conditions in the home improvement and interior design industry as the reason for the cuts. Following these layoffs, Houzz's total employee count was reduced to approximately 1,100, down from 1,800 in 2019, reflecting a broader trend of workforce trimming over recent years. Founded in 2009 and headquartered in Palo Alto, California, Houzz operates internationally with offices in locations including Tel Aviv, London, Berlin, and Sydney. The company, which has raised significant venture funding, has also postponed plans for an IPO due to market conditions.

Cannabis-tech firm Weedmaps is laying off up to 175 employees, representing about 25% of its workforce, as the broader cannabis industry faces a significant downturn. The majority of these cuts occurred in early December 2022, following a previous 10% reduction in August. The layoffs come amid a leadership transition, with co-founder Doug Francis serving as interim CEO after Chris Beals stepped down in November. Facing a steep decline in its stock price and market value, the company cited the need to achieve profitability and positive cash flow in 2023. Its clients, cannabis businesses, are reducing spending due to regulatory uncertainty, falling sales, and a tough economic climate.

Stash laid off 32 employees representing approximately 8% of its workforce on 2022-12-06.

In December 2022, African fintech unicorn Chipper Cash laid off approximately 12.5% of its workforce, affecting over 50 employees out of a total of about 400. The layoffs impacted multiple departments, with the engineering team bearing the brunt, accounting for around 60% of the cuts. The company, valued at $2.2 billion in 2021 and operating in the cross-border payments sector across Africa and the U.K., had raised significant funding, including a $150 million extension led by FTX just months prior. This restructuring occurred amid broader market challenges, reflecting strategic adjustments within the high-growth fintech startup.

Intel, the Santa Clara-based semiconductor giant, has initiated layoffs in California, cutting 201 positions as part of a broader effort to reduce costs by up to $10 billion by 2025. The layoffs, set to begin on January 31, affect 111 employees in Folsom and 90 in Santa Clara, where the company is headquartered. While the total number of employees at Intel is not specified in this report, the layoffs represent a small fraction of its global workforce. The company is also implementing a voluntary unpaid leave program for thousands of factory workers worldwide to manage short-term expenses amid an unpredictable economy and a significant decline in net income and sales. This move reflects the challenges in the competitive chip market, with Intel aiming to streamline operations while positioning itself for long-term growth.

In December 2022, digital media company BuzzFeed laid off approximately 180 employees, representing 12% of its workforce, as part of a significant cost-cutting measure. The layoffs, announced on December 6, were driven by challenging macroeconomic conditions, including a pullback in advertising spending, the completion of its integration of Complex Media, and a strategic shift toward monetizing short-form vertical video. CEO Jonah Peretti stated the move was necessary to adapt to an economic downturn expected to extend into 2023. With around 1,522 employees at the end of 2021, the publicly traded company, which went public in late 2021, faced a widened net loss in Q3 2022 despite revenue growth, prompting a focus on optimizing its cost structure.

OneStudyTeam, a clinical trial workflow platform under parent company Reify Health, laid off 160 employees in December 2022, representing about a quarter of its workforce. The company cited a need to restructure and streamline operations after a period of extremely rapid growth and hiring. This move came despite Reify Health having secured significant funding earlier in the year, including a $220 million Series D round in April that valued the company at $4.8 billion. OneStudyTeam operates in the health tech industry, providing cloud-based software to accelerate clinical trials.

Doma laid off 515 employees representing approximately 40% of its workforce on 2022-12-06.

Nextiva representing approximately 17% of its workforce on 2022-12-06.

Adobe laid off 100 employees on 2022-12-06.

Zuora representing approximately 11% of its workforce on 2022-12-06.

Israeli cloud security unicorn Aqua Security laid off 65 employees, representing 10% of its workforce, in December 2022. The company, which achieved a $1 billion valuation in 2021, cited changing market conditions and a need to focus on core activities for sustainable growth and profitability. This move reflects broader adjustments within the tech industry during that period, as the cybersecurity firm aimed to streamline operations while continuing to develop its cloud native security solutions.

Elemy on 2022-12-05.

Route, a Utah-based tech company valued at over $1 billion, has conducted layoffs, describing the move as the toughest decision leadership has made. While the exact number of employees affected was not specified in the report, the company operates in the competitive technology industry and is considered a large-scale unicorn startup. The layoffs reflect broader challenges and adjustments within the tech sector, as even highly valued firms streamline operations to navigate economic pressures and ensure future sustainability.

Lora DiCarlo, a sex tech startup founded in 2017, appears to have shut down by late 2022, effectively resulting in the layoff of its entire workforce. The company, which had raised about $9 million and employed around 20-50 people at its peak, faced operational collapse as its website went offline, orders went unfulfilled for months, and staff departed. While the exact number of employees affected is not specified, the closure followed challenges during the pandemic, including chip shortages and manufacturing issues, despite earlier publicity and a return to CES after a controversial 2019 blacklisting. The shutdown marks the end of a venture that aimed to innovate in the sexual wellness industry with tech-forward products.

Polly, a Vermont-based auto insurance startup formerly known as DealerPolicy, laid off 47 employees nationwide this week, representing about 15% of its workforce. The layoffs, which included 17 Vermont-based staff, were attributed by the company to inflationary pressures and a more demanding economic climate in the auto industry. This move comes roughly 16 months after Polly secured a $110 million investment from Goldman Sachs, following which it had rapidly expanded its team. The company stated the restructuring aims to improve capital and resource efficiency for future success, though some former employees suggested over-hiring after the investment was a contributing factor. Polly is providing severance, bonuses, and outplacement support to affected staff.

In December 2022, the popular cycling and running app Strava laid off approximately 15% of its workforce, affecting at least 40 employees, including product designers and managers. This reduction came amid a wave of staff cuts across the broader technology and cycling industries. At the time, Strava had about 400 employees globally, with offices in San Francisco, Denver, Bristol, and Dublin. The company, which has raised $151 million in funding and boasts over 100 million registered athletes, did not publicly comment on the layoffs, which were confirmed by multiple current and former staff.

Springbig laid off 37 employees representing approximately 23% of its workforce on 2022-12-01.

Bizzabo, an event planning platform, is laying off 100 employees, which represents nearly 40% of its remaining workforce of 270. This marks the second major round of cuts in five months, following the dismissal of 120 staff in July, meaning the company has reduced its team by more than half since mid-2022. The layoffs, announced in December 2022, are part of a strategic organizational change aimed at achieving profitability amid ongoing financial uncertainty in the tech industry. Bizzabo, which had raised significant venture funding and expanded through acquisitions, is streamlining operations to reduce expenses.

In December 2022, coding bootcamp BloomTech, formerly known as Lambda School, laid off approximately 88 employees, representing about half of its total staff. This significant workforce reduction impacted teams across content, product, data, and engineering. The layoffs, the company's third major round since the pandemic began, were attributed to ongoing challenges in making its for-profit, incentive-aligned education model work in a difficult tech labor market. CEO Austen Allred acknowledged the struggles, noting increased competition for graduates amid widespread industry layoffs. The company, which had recently rebranded and adjusted its tuition financing options, provided affected employees with pay and benefits through January 2023.

Podium, a $3 billion customer-management startup based in Lehi, Utah, laid off 12% of its workforce on Thursday, December 1, 2022. With approximately 1,300 employees prior to the cuts, this reduction affected around 156 people. The company, which helps businesses communicate with customers, cited an uncertain macroeconomic environment, overhiring, and underperforming sales and customer experience decisions made earlier in the year. Amid a broader wave of tech layoffs and reduced venture capital funding, Podium is also extending its hiring slowdown, subleasing office space, and cutting software and perk expenses to control costs. Affected employees received six weeks of severance and healthcare coverage through January.

SQZ Biotech representing approximately 60% of its workforce on 2022-12-01.

Grin laid off 60 employees representing approximately 13% of its workforce on 2022-11-30.

Kraken, a major cryptocurrency exchange founded in 2011, has laid off approximately 1,100 employees, representing about 30% of its global workforce. The decision, announced in November 2022, is a response to challenging market conditions, including significantly lower trading volumes and reduced client sign-ups driven by macroeconomic and geopolitical factors. This reduction brings the company's team size back to its level from just 12 months prior, following a period of rapid growth. As a long-standing player in the crypto industry, Kraken aims to sustain its business for the long term by aligning costs with current demand while continuing to focus on core product development. The company is providing comprehensive support to affected employees, including separation pay, benefits continuation, and career assistance.

Wonder laid off 130 employees representing approximately 7% of its workforce on 2022-11-30.

Elastic, a search and data analytics software company, announced layoffs affecting approximately 13% of its workforce in November 2022. This decision, made by CEO Ash Kulkarni, was driven by a challenging global macroeconomic environment that led customers, particularly small and medium businesses, to tighten budgets and scrutinize investments. To navigate this climate and emerge stronger, the company is refocusing on critical business areas, improving operational efficiency, and helping customers consolidate onto its platform for security, observability, and search use cases. Impacted employees, termed "Elasticians," were offered severance, extended healthcare, and career support.

Pinterest on 2022-11-30.

Sana representing approximately 15% of its workforce on 2022-11-30.

DoorDash laid off 1,250 employees representing approximately 6% of its workforce on 2022-11-30.

In December 2022, the autonomous vehicle startup Motional, a joint venture between Aptiv and Hyundai, conducted a round of layoffs affecting dozens of employees across its global operations. The company, which employed over 1,500 people at the time, framed the cuts as part of a strategic reallocation of resources to ensure long-term commercial success. This move reflected broader challenges within the AV industry, where high development costs and a difficult funding environment were prompting companies to conserve cash. Motional provided severance and outplacement support to the affected workers while stating its intent to continue hiring for critical roles.

Firework representing approximately 10% of its workforce on 2022-11-29.

On November 29, 2022, Codexis, a leading enzyme engineering company in the biotechnology industry, announced a strategic corporate update that included a workforce reduction of approximately 18%. This layoff is part of a plan to prioritize resources on programs with the strongest commercial potential, discontinuing certain internal developments to enhance value and commercial discipline. The restructuring, expected to be largely complete by December 31, 2022, aims to lower operating expenses by about $15 million in 2023 and preserve the company's cash runway through the end of 2024. While the exact number of employees affected wasn't specified, the percentage indicates a significant cut as the company refocuses on high-potential areas for long-term growth.

Bitfront representing approximately 100% of its workforce on 2022-11-29.

Inspectify on 2022-11-28.

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NCX, a climate tech company operating a forest carbon marketplace, has laid off 40% of its workforce. The decision, announced today, was driven by persistent confusion and turbulence in the carbon market, which saw a reversal in consensus on quality standards for nature-based solutions in 2022, contrary to the company's expectations. While acknowledging broader economic pressures affecting tech firms, NCX stated the layoffs were necessary to ensure it can execute its mission of creating measurable climate impact at scale during this critical decade. The company, founded over a decade ago, expressed deep regret over parting with its talented team of foresters, scientists, and engineers and is providing severance and outplacement support to affected employees.

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Spora Health, a Bay Area healthcare startup founded in 2019 to address racial disparities in healthcare, laid off its entire workforce and effectively shut down operations in late 2022. The company, which had raised $4.1 million in funding and was previously reported to be serving a small patient base, faced significant struggles despite its founder's public claims of rapid growth and partnerships with large enterprises. The layoffs occurred following internal challenges, contrasting sharply with the optimistic portrayal of expansion and serving "thousands" of patients. This event highlights the difficulties faced by health-tech startups in scaling their mission-driven models.

Assure representing approximately 100% of its workforce on 2022-11-23.

Western Digital laid off 251 employees on 2022-11-22.

Natera on 2022-11-22.

GloriFi representing approximately 100% of its workforce on 2022-11-21.

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Unchained Capital, a bitcoin-native financial services company, has laid off an unspecified number of employees as part of a restructuring to navigate a turbulent market environment. The decision, announced in late 2022, was driven by materially constrained funding for bitcoin-backed loans following the collapse of several major lenders and exchanges in the cryptocurrency industry. While the exact scale of the layoffs relative to total staff was not disclosed, the company emphasized its strong financial position and record growth in clients and trading volumes, attributing its resilience to a focus on self-custody and eliminating counterparty risk. This move is a strategic adjustment to ensure long-term stability amid widespread industry turmoil.

In November 2022, autonomous delivery startup Nuro laid off approximately 300 employees, representing 20% of its workforce. The company, backed by major investors like SoftBank and Google, cited the need to preserve cash amid challenging economic conditions. Co-founders attributed the cuts to over-hiring during the strong fundraising environment of 2021, which clashed with the economic headwinds of 2022. This restructuring followed a period of rapid growth, including a $600 million funding round a year prior that had valued Nuro at around $8.6 billion.

Synthego laid off 105 employees representing approximately 20% of its workforce on 2022-11-18.

Carvana laid off 1,500 employees representing approximately 8% of its workforce on 2022-11-18.

StoryBlocks, a stock media and video content company, recently underwent a significant restructuring, resulting in substantial layoffs. While the exact number of employees let go was not publicly disclosed in the CEO's announcement, the reduction was described as deep and impactful, affecting many strong performers. The decision was made to realign company expenses and focus on a narrower set of priorities. This difficult workforce reduction occurred in late 2023, marking a challenging period for the company, which has been in operation for over a decade. The layoffs have affected the team's morale, but leadership expressed confidence in moving forward.

Fintech firm Capitolis is laying off 25% of its workforce due to depressed market conditions that have stifled growth in its recently launched capital marketplace unit, which connects institutional investors with banks. The layoffs, announced in November 2022, include senior figures such as co-head of equity finance James Kibbe and other leaders in the capital marketplace business. The cuts reflect broader challenges in the financial technology sector as market volatility impacts new ventures.

Metaplex, the Solana-based NFT protocol, is laying off an unspecified number of employees following the collapse of FTX in November 2022. While the company's treasury was not directly impacted, the broader market turmoil and the significant drop in Solana's native token SOL—a favorite network of FTX's founder—have pressured the NFT ecosystem. The layoffs come amid a prolonged crypto bear market, declining NFT sales on Solana, and the underperformance of Metaplex's governance token MPLX. The company, which raised $46 million in early 2022, is navigating these challenges as the industry grapples with the fallout from major crypto failures.