Layoffs in United States

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.

Orchard, a vertically integrated power-buying company in the real estate industry, laid off 180 employees on November 17, 2022, marking its second round of workforce reductions this year. This cut represents approximately 23% of its workforce, leaving about 600 remaining employees. The company cited a severe disruption in the housing market, with mortgage rates rising at an unprecedented pace over the past century, leading to decreased buyer activity and lower industry volume forecasts for 2023. To navigate this uncertainty and ensure long-term sustainability, Orchard implemented these layoffs as part of broader cost-cutting measures, restructuring its teams with significant impacts on mortgage and customer experience departments.

Homepoint laid off 113 employees on 2022-11-17.

Capitolis, an Israeli fintech company, laid off 37 employees in November 2022, representing approximately a quarter of its workforce. Among those affected, 14 were based in Israel. This move was part of a broader wave of layoffs within the high-tech sector, reflecting industry-wide adjustments and economic pressures at the time.

Streaming platform Roku announced on November 17, 2022, that it will lay off 200 employees in the U.S., representing about 7% of its workforce, which totaled approximately 3,000 full-time employees as of late 2021. The company cited challenging economic conditions, including inflationary pressures and a significant slowdown in advertising spending, as the primary reasons for the restructuring. This move, aimed at reducing operating expenses and focusing on strategic priorities, is part of a broader wave of layoffs across the tech and media industries. Roku expects to incur related charges of $28-31 million, with the process largely completed by early 2023.

Morning Brew, a media company known for its business news and newsletters, laid off approximately 14 employees, representing about 40% of its staff, in early 2024. The layoffs were part of a restructuring effort by its parent company, Insider Inc., aimed at streamlining operations and focusing resources on core business areas. This significant reduction impacted the digital media industry, reflecting broader challenges in the advertising and content landscape. The company, which operates at a mid-sized scale, continues to publish its flagship newsletter and other content following the restructuring.

Chili Piper, a B2B SaaS company in the revenue operations and scheduling software industry, has laid off 58 employees, referred to internally as "Pipers." This marks the company's first-ever round of layoffs, a decision described as difficult and painful by its founders, Nicolas and Alina. The announcement was made in a LinkedIn post, where the leadership took full responsibility for the circumstances leading to the workforce reduction. While the exact percentage of the total team affected was not specified, the company emphasized its commitment to supporting the departing employees and encouraged the community to help connect them with new job opportunities. The layoffs reflect broader economic challenges impacting the tech startup sector.

In November 2022, Israeli web analytics firm SimilarWeb announced a workforce reduction of 10%, laying off 120 employees from its total of 1,250. The company, which provides a platform for measuring and predicting web user behavior, cited a deteriorating economic environment as the reason. CEO Or Offer explained that after rapid growth during the pandemic, anticipated conditions for 2022 had worsened, with inflation, interest rate hikes, and potential recession impacting the global economy. To accelerate its path to positive cash flow in 2023, SimilarWeb adjusted its cost structure, leading to this difficult decision. The layoffs occurred as the company reported a 41% year-over-year revenue increase to $50 million for Q3 2022, alongside a growing operating loss.

Amazon laid off 10,000 employees representing approximately 3% of its workforce on 2022-11-16.

Cisco laid off 4,100 employees representing approximately 5% of its workforce on 2022-11-16.

In a difficult move, real estate technology company Homeward laid off 25% of its workforce. The CEO stated this was a necessary decision to position the company for long-term strength and future growth. While the exact number of employees affected wasn't specified, the layoffs impacted dedicated staff across the organization. Announced in a company post, the leadership emphasized their mission remains unchanged to streamline home buying with innovative financing. They plan to expand offerings and geography in 2023 and provided support for affected employees, including sharing a public list for potential employers.

Kite, an AI-powered coding assistant startup, ceased operations in November 2021 after failing to achieve sustainable monetization. The company, which had grown to 500,000 monthly active developers without significant marketing, ultimately could not convert its user base into paying customers, as individual developers were unwilling to pay and managers did not see enough value in marginal productivity gains. Additionally, the founders acknowledged being ahead of the market, with AI technology not yet advanced enough to deliver the transformative 10x improvement needed. The entire team was laid off as the company wound down, marking the end of its seven-year journey from 2014 to 2021.

Salsify laid off 90 employees representing approximately 11% of its workforce on 2022-11-16.

Tel Aviv-based marketing technology unicorn Yotpo laid off 70 employees in November 2022, representing about 9% of its then 825-person workforce. The company, which provides e-commerce marketing solutions like reviews and SMS marketing, had aggressively expanded its team after securing a $230 million funding round at a $1.4 billion valuation in March 2021. However, citing a downturn in the global economy and a need to streamline operations, Yotpo made the difficult decision to reduce its headcount, with 30 of the layoffs occurring in its Israeli headquarters.

Pear Therapeutics laid off 59 employees representing approximately 22% of its workforce on 2022-11-16.

Lokalise, a localization and translation software company, announced a significant workforce reduction on November 16, 2022. The company laid off 76 employees, representing 23% of its team. This decision was driven by a combination of a slowing global economy, which led to reduced customer spending, and internal strategic missteps. The founders acknowledged they had hired too rapidly, integrating 200 new members unsustainably, and pursued too many initiatives at once, losing operational focus. While most departments were affected, the Operations, Sales, and Marketing teams saw the deepest cuts, with Product and Engineering being least impacted to maintain development priorities.

Rubicon Technologies representing approximately 11% of its workforce on 2022-11-15.

The Zebra laid off 50 employees on 2022-11-15.

Asana, a work management software company, announced a significant reduction in its global workforce. The layoffs affected a number of employees, described as exceptionally talented and mission-driven individuals. While the exact number of impacted employees is not specified in this post, the announcement reflects a difficult decision made by the company's leadership. The context suggests this is part of broader industry adjustments, as evidenced by the supportive comments from the professional community offering job connections and hiring alerts. The company expressed deep gratitude to the departing employees and reaffirmed its commitment to its customers and partners.

Nirvana Money, a fintech startup, has laid off approximately 20 employees, which represents about 25% of its total workforce of 80. The layoffs, occurring in early 2024, are part of a strategic restructuring aimed at extending the company's financial runway and refocusing on core product development amid challenging market conditions in the financial technology sector.

Czech startup Productboard laid off 100 employees, representing 20% of its workforce, in November 2022. The company, a product management platform provider valued as a unicorn, cited the deteriorating macroeconomic environment and reduced corporate demand for new software as reasons for the difficult decision. Despite raising significant funding earlier that year and maintaining healthy finances, the founders proactively reduced costs to prepare for anticipated tougher times ahead.

In November 2022, the cloud data backup unicorn OwnBackup laid off over 170 employees, representing approximately 17% of its then workforce of about 1,000 people. The cuts affected staff in both its U.S. operations and its Israeli R&D center. This restructuring occurred within the broader tech industry downturn of 2022, impacting the cybersecurity and SaaS backup sector. OwnBackup, which had achieved a $3.35 billion valuation in 2021, is a venture-backed company providing data protection services to thousands of businesses globally.

Protocol, a tech-news website, is shutting down and laying off its entire staff. The closure was announced on November 15, 2022, resulting in the termination of all employees. While the exact number of affected staff is not specified, the complete shutdown indicates a 100% reduction. The decision reflects broader challenges in the digital media industry, where many outlets have struggled with profitability and sustainability. As a specialized publication in the journalism and media sector, Protocol's closure marks the end of its operations, with its parent company, CNN, confirming the news.

Outside representing approximately 12% of its workforce on 2022-11-15.

UiPath laid off 241 employees representing approximately 6% of its workforce on 2022-11-15.

OfferUp representing approximately 19% of its workforce on 2022-11-15.

Sema4 laid off 500 employees on 2022-11-14.

Cloudinary, an Israeli unicorn in the media asset management platform industry, laid off approximately 40 employees, representing 8% of its global workforce, in November 2022. The company, which had grown to around 500 employees, cited a restructuring effort to streamline operations and focus on maximizing value for clients across its product lines. This move followed a period of rapid expansion, including 30% workforce growth in the first half of 2022, reaching $100 million in annual recurring revenue, and an acquisition. Despite being bootstrapped since its founding and recently securing a $110 million secondary investment at a $2 billion valuation, Cloudinary made these cuts to adjust its organizational structure amid broader market shifts.

Intercom, the Irish-founded software company, announced on November 14, 2022, that it is reducing its global workforce by 13%, affecting 124 employees worldwide. In Ireland specifically, 39 jobs are being cut, representing a 5% reduction in its Irish headcount. This follows a previous smaller round of layoffs in September due to slower growth. The company, which has its global headquarters in San Francisco and a substantial operation in Dublin, stated the cuts will impact all departments and geographies. As part of a restructuring, Intercom is also relocating 14 roles from the US to Dublin, reaffirming its commitment to Ireland as its hub of innovation. This move aligns with a broader trend of workforce reductions in the tech industry during that period.

Cardlytics, a digital advertising platform company, announced on November 14, 2022, that it would terminate 51 employees. This workforce reduction occurred as the company underwent strategic changes, including the sale of its Bridg assets to PAR Technology. While the exact percentage of total employees affected was not specified in the announcement, the layoffs were part of a broader restructuring effort. Concurrently, the company appointed John Balen as Chairman. Following the news, the company's shares traded higher in after-hours trading.

Pear Therapeutics laid off 59 employees representing approximately 22% of its workforce on 2022-11-14.

Tricida representing approximately 57% of its workforce on 2022-11-14.

Real estate proptech startup Ribbon has laid off approximately 170 employees, representing about 85% of its remaining staff, in a major round of cuts on November 19, 2022. This drastic reduction leaves the company with fewer than 30 employees. The layoffs follow a previous cut of 40% of its workforce in July 2022, which had reduced headcount to around 200. Founded in 2017 and backed by investors like Goldman Sachs, Ribbon provides software and temporary financing for homebuyers making all-cash offers. The company cited the need for a "re-balance" amid a severe downturn in the housing market, driven by soaring interest rates and falling demand, which has battered the proptech and mortgage sectors. This event is part of a wider wave of layoffs across the tech and real estate industries in late 2022.

iFIT, the Logan, Utah-based fitness technology company, has conducted another round of layoffs, reducing its global workforce by 20%. This follows previous job cuts and is attributed to ongoing supply chain challenges and a decline in consumer demand as the pandemic-driven home fitness boom subsides. The company, known for interactive exercise equipment like NordicTrack treadmills, is restructuring to navigate a post-pandemic market adjustment.

Science 37 laid off 90 employees on 2022-11-14.

Illumina laid off 500 employees representing approximately 5% of its workforce on 2022-11-14.

Amazon reportedly plans to lay off 10,000 employees this week as part of cost-cutting measures.

Juniper, a B2B commerce company under International Market Centers (IMC), announced layoffs in 2022 as part of a downsizing and reorganization. While the exact number of employees affected was not specified, the restructuring was significant enough to prompt the CEO, Bill Furlong, to step down and transition to a Senior Advisor role. The layoffs impacted many talented individuals, reflecting the tumultuous business climate of that year. Despite the reduction in team size, IMC aims to remain a leader in connecting manufacturers and brands with retail stores.

Offerpad representing approximately 7% of its workforce on 2022-11-11.

Veev, a proptech startup specializing in technology-enabled homebuilding, laid off approximately 100 employees in November 2022, representing about 30% of its workforce. This reduction occurred just eight months after the company raised a $400 million Series D round, bringing its total funding to $600 million and achieving unicorn status. The layoffs were attributed to a strategic shift to focus on developing low-rise housing units, leading to cuts in the team working on high-rise solutions. Prior to the layoffs, Veev employed around 350 people globally, including 100 in Israel.

Juul Labs announced on Thursday that it is laying off approximately 400 employees, which represents about one-third of its global workforce. This significant restructuring is part of a broader effort to reduce operating costs by 30-40% and stave off bankruptcy, following years of severe financial strain from legal challenges and regulatory actions. The e-cigarette maker, operating in the tobacco industry, secured emergency financing from early investors to maintain operations and continue its appeal against the FDA's marketing denial order. The company has faced numerous lawsuits and a declining market position, particularly after the FDA moved to ban its products earlier in the year.

Coinbase laid off 60 employees on 2022-11-10.

In November 2022, voice AI company SoundHound laid off approximately 10% of its workforce, affecting around 45 employees out of a total of 450. The Santa Clara-based firm, which had gone public via SPAC earlier that year, cited challenging market conditions and the need to streamline operations and focus investments on growth areas. The layoffs were accompanied by salary cuts for some remaining staff. SoundHound, founded in 2005, provides its voice AI platform to major clients like Mercedes-Benz and Hyundai and operates in the competitive artificial intelligence and automotive technology industry.

Wistia, a video hosting and marketing platform, laid off 40 employees across sales, engineering, operations, and marketing. This decision, announced by co-founder Chris Savage, was driven by a challenging economic environment. While the exact percentage and total workforce weren't specified, the layoffs represent a significant reduction for the company, which operates in the SaaS and video technology industry. The announcement was made with the aim of helping the affected, highly talented team members find new opportunities.

Reforge, a professional education company focused on product and growth, has laid off an unspecified number of employees across engineering, product, marketing, recruiting, operations, and content development. CEO Brian Balfour announced the difficult decision, attributing it to the challenging macroeconomic outlook. He expressed deep personal responsibility for the layoffs and emphasized efforts to support the impacted team members through the Reforge network. While the exact scale of the reduction and total employee count were not disclosed, the company stated it is well-positioned to continue its mission of helping professionals advance their careers during volatile times.