Layoffs in United States

Mixtroz, a Birmingham-based event tech startup founded by a mother-daughter duo, is winding down its operations after a decade in business. The company, which developed an app to facilitate networking at meetings and conferences by grouping attendees based on shared interests, gained national recognition for its founders becoming among the first Black women to raise over $1 million in venture capital. While specific layoff numbers and total employee count are not detailed in the announcement, the decision to close the business implies the entire team is affected. The closure marks the end of a journey that began with a $100,000 seed funding win in 2018, highlighting the challenges faced by startups in the competitive event technology industry.

Circle, the issuer of the USDC stablecoin, has laid off approximately 50 employees, representing less than 6% of its workforce, following a regular operational review. The company, which reported having 882 employees in June 2024, stated the cuts are part of an effort to adjust investments and expenses, marginally reducing spend in some areas while growing others. This move in the cryptocurrency and financial technology industry comes as Circle, a significant player with a market-leading stablecoin, continues to navigate its business strategy, having filed for an initial public offering earlier in the year.

Vox Media, a prominent digital media company, is implementing layoffs and a significant restructuring, primarily affecting its lifestyle brands Thrillist, PS (formerly PopSugar), and Eater, as well as its media production and technology teams. The announcement was made by CEO Jim Bankoff in an internal memo on Thursday. While the company declined to specify the exact number of employees affected, the move is part of a broader reorganization aimed at adapting to the accelerating pace of change in the media industry. Bankoff stated the restructuring is essential to evaluate investments and serve audiences better to ensure the long-term health of the business.

Fintech unicorn Stash laid off approximately 40% of its workforce, affecting about 88 employees out of roughly 220, in early October 2024. This restructuring occurred shortly after CEO Liza Landsman's departure at the end of September and coincided with the return of cofounders Ed Robinson and Brandon Krieg as co-CEOs. The layoffs, which included at least three executives, mark the company's second major workforce reduction this year. Stash, a personal finance and investing app for beginners valued at $1.4 billion, faced acquisition interest, including an offer from eToro below its last valuation, but the board opted instead to pursue a new funding round to pay down debt and fund growth initiatives.

2U on 2024-12-04.

Booking Holdings, a major online travel company, has laid off approximately 60 employees at its business-to-business unit, Rocket Travel by Agoda. This reduction is part of a strategic move to streamline operations and reset the company's global investment priorities, particularly as it focuses on advancements in the AI era. The layoffs, confirmed in early 2024, represent a shift away from less competitive B2B services, where Expedia has held a stronger position. This restructuring aims to reallocate resources toward areas with higher growth potential within the travel industry.

Market-research startup AlphaSense laid off 150 employees, representing about 8% of its workforce, earlier this month as part of a restructuring effort following its $930 million acquisition of data provider Tegus. The company, which uses AI to analyze financial documents and data, made these cuts to address redundancies and streamline operations, aiming to ensure long-term stability and growth.

Sprout Social, a social media management software company, has not announced any layoffs. The provided content appears to be an internal talent directory or a list of employees open to work, not a report of workforce reductions. There is no information regarding the number of employees laid off, percentage, reason, or date for any such event. The industry is social media software, and the company's scale is not detailed in this excerpt.

Apple on 2024-11-24.

LinkedIn laid off 202 employees representing approximately 1% of its workforce on 2024-11-21.

Headspace representing approximately 13% of its workforce on 2024-11-20.

Own on 2024-11-19.

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AMD has confirmed laying off 4% of its workforce, approximately 1,000 employees, to focus on large growth opportunities. The company had about 26,000 employees last year, and this move follows a mixed Q3 earnings report with declines in the gaming division and challenges in AI chip sales against Nvidia.

Chegg laid off 319 employees representing approximately 21% of its workforce on 2024-11-12.

Lyra Health laid off 77 employees representing approximately 2% of its workforce on 2024-11-12.

Forward laid off 200 employees representing approximately 100% of its workforce on 2024-11-12.

New Relic on 2024-11-12.

Enphase Energy, a leading solar microinverter manufacturer, laid off approximately 10% of its workforce in December 2023, affecting around 350 employees out of a total of roughly 3,500. The company, operating in the renewable energy industry, implemented these cuts as part of a restructuring plan to reduce operating costs and align with softening market demand, particularly in the U.S. residential solar sector. This move reflects broader industry challenges, including high interest rates and policy changes, impacting the scale of operations for this publicly traded clean technology firm.

Sword Health, a $3 billion digital health startup, laid off 13 physical therapists in October 2024, representing about 17% of its roughly 75 treatment-facing clinicians. The company, which provides virtual care for muscle and joint pain, stated the cuts were performance-based. This move aligns with its strategy to leverage AI to scale operations, aiming to increase each therapist's caseload significantly—from about 200-300 patients to a target of 700 by year's end—by using AI to draft patient communications. The startup, which raised $130 million in June 2024 and is eyeing a potential 2025 IPO, continues to hire, with over 30 open positions for physical therapists.

23andMe laid off 200 employees representing approximately 40% of its workforce on 2024-11-11.

Mozilla Foundation laid off 30% of its employees in the second round of layoffs this year, with executive director Nabiha Syed confirming that advocacy and global programs divisions are no longer part of the structure, though advocacy remains a central tenet according to the communications chief.

Supersonic aircraft startup Exosonic is winding down operations entirely in November 2024, resulting in the layoff of its entire team. The company, founded in 2019 and part of Y Combinator's Winter 2020 cohort, was developing quiet supersonic airliners and drones for the Department of Defense. Despite raising over $4.5 million and achieving milestones like the test flight of its EX-3M Trident UAV, Exosonic stated it could not secure the necessary customer traction and funding to sustain its cash needs and continue advancements. The shutdown marks the end of a five-year effort to revive commercial supersonic travel.

In November 2024, autonomous electric tractor startup Monarch Tractor laid off approximately 35 employees, representing about 10% of its workforce. This was the company's second round of layoffs in 2024, following a 15% reduction in July. The Livermore, California-based company, which has raised $220 million since its 2018 founding, is restructuring due to a slower-than-expected third quarter and a downturn in the agricultural technology sector. Key factors include a crash in California's vineyard market—a core early customer base—and a broader pullback in agri-tech investment. The restructuring shifts Monarch's focus toward licensing its autonomous vehicle technology, expanding sales of its AI farm management software, and pursuing non-agricultural customers such as golf courses and solar farms. CEO Praveen Penmetsa cited these strategic pivots, alongside increased reliance on manufacturing partner Foxconn, as reasons for the cuts, which affected engineering and operations teams. Some employees reported being let go without severance.

BigCommerce on 2024-11-08.

Akamai laid off 250 employees representing approximately 2% of its workforce on 2024-11-07.

Freshworks, a Nasdaq-listed SaaS platform, announced a 13% reduction of its global workforce on November 7, 2024, affecting 660 employees out of a total of over 5,000. The layoffs are part of a restructuring plan to streamline operations and reallocate investments toward its fastest-growing Employee Experience (EX) business, following a strategic shift under new CEO Dennis Woodside. The company expects to incur related charges of $11-13 million in Q4 2024 and complete the restructuring by year-end. Concurrently, Freshworks authorized a $400 million stock buyback program. Despite a 7% quarterly revenue increase to $186.57 million, net losses widened, highlighting the operational pressures prompting this move.

Opendoor, a major player in the iBuying real estate technology sector, has conducted a significant workforce reduction, laying off approximately 560 employees. This cut represents about 18% of its total workforce. The layoffs, announced in November 2022, are a direct response to the deteriorating conditions in the housing market, characterized by rising mortgage rates and declining buyer demand. As a publicly traded company, Opendoor is implementing these cost-cutting measures to navigate the market downturn and preserve its financial stability.

ShareFile laid off 199 employees on 2024-11-07.

Avaya, a major player in the unified communications and collaboration industry, has initiated another significant round of layoffs, believed to be larger than the cut of about 180 jobs (roughly 3% of its workforce) announced in July 2024. This latest wave, with notifications occurring around November 6, 2024, continues the company's ongoing restructuring efforts aimed at aligning investments and focusing on profitability. These moves follow Avaya's emergence from Chapter 11 bankruptcy in early 2023 and a recent leadership transition, with a new CEO taking over in September to steer the company's next chapter.

Outreach laid off 67 employees representing approximately 9% of its workforce on 2024-11-06.

In November 2024, robotics company iRobot laid off 105 employees, representing about 16% of its remaining workforce. This is part of an operational restructuring plan announced in an SEC filing. The layoffs follow a much larger round earlier in 2024, when roughly 350 jobs (31% of the workforce at the time) were cut after Amazon's planned $1.7 billion acquisition of the Roomba maker collapsed due to regulatory hurdles. CEO Gary Cohen stated the new operating model aims to increase product development efficiency with significantly fewer resources. Since the start of 2024, iRobot's global workforce has been reduced by approximately 50%.

The Mozilla Foundation, the nonprofit governance arm of the Firefox maker, laid off approximately 30% of its staff in late October 2024, affecting around 36 employees based on a reported workforce of about 120. This restructuring, announced internally on October 30, eliminated the standalone advocacy and global programs divisions as the organization seeks increased agility and focus amid what it describes as a relentless onslaught of technological change. The move aims to consolidate efforts around ensuring an open and equitable technical future, embedding advocacy into other functional areas. This marks the second round of layoffs at Mozilla in 2024, following earlier cuts at its for-profit development arm, Mozilla Corporation.

Bowery Farming representing approximately 100% of its workforce on 2024-11-01.

Maven Clinic, a unicorn health tech startup focused on women's health, laid off 60 employees on Monday, November 1, 2024. This workforce reduction represents approximately 10% of its total staff. The layoffs come just weeks after the company raised $125 million in funding, indicating a strategic restructuring to optimize operations and extend its financial runway in the competitive health technology industry.

Lidar-maker Luminar announced a 25% workforce reduction on Friday, November 1, 2024, as part of cost-cutting measures to address a cash shortage, with the company warning it could run out of money by early 2026. The layoffs affect an unspecified number of employees from a total of around 580 at the start of the year, following earlier layoffs in 2024. The company is facing financial challenges, including lower-than-expected sales to Volvo and potential breaches of loan agreements.

Music streaming service Tidal, owned by Block, is undergoing its second major layoff within a year, potentially affecting around 100 employees, which would represent approximately 25% of its workforce. This follows a previous round of about 40 layoffs in December 2023. CEO Jack Dorsey announced the company is restructuring to operate more like a startup, eliminating entire product management and product marketing functions, reducing its design team, and streamlining foundational roles. The move, part of a broader strategy to focus on engineering and design while narrowing its scope, comes after Tidal discontinued its free user tier in March. The exact number of layoffs is still being finalized, with further reductions in engineering possible in the coming weeks.

Miro laid off 275 employees representing approximately 18% of its workforce on 2024-10-30.

Kraken laid off 400 employees representing approximately 15% of its workforce on 2024-10-30.

Dropbox laid off 527 employees representing approximately 20% of its workforce on 2024-10-30.

dYdX, the decentralized crypto exchange, laid off 35% of its workforce on October 30, 2024, as part of a major restructuring effort. The cuts, which affected more than a third of the core team, were announced by CEO Antonio Juliano, who had recently returned to lead the company. He cited a challenging year marked by tough competition and market conditions, stating the need to revitalize the company and shift direction to avoid fading relevance. This move occurred on the same day as significant layoffs at Consensys, another major player in the crypto industry. dYdX operates in the blockchain and cryptocurrency sector, focusing on decentralized trading platforms like its perpetual futures exchange, dYdX v4. The layoffs reflect broader pressures in the crypto space, even as Bitcoin approached all-time highs around that time.

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Twelve, a climate tech company developing sustainable aviation fuel, recently underwent a restructuring as it moves into a critical growth phase. While the exact number of layoffs is not specified, the post acknowledges that "other talented individuals are also leaving" alongside co-founder and former CTO/COO Kendra Kuhl, who is transitioning to an advisory role. The company, which has raised $645 million in recent funding and secured major customer deals, is streamlining its team to focus on scaling its technology from the lab to full production. This shift reflects the company's evolution from a research-intensive startup to a commercialization-focused entity within the competitive climate tech industry.

Coursera laid off 150 employees representing approximately 10% of its workforce on 2024-10-25.

In October 2024, rental car startup Kyte underwent a major restructuring to ensure its survival, cutting its workforce by 40% to 50% and drastically scaling back operations. The company, which had rapidly expanded to over a dozen U.S. markets, is now retreating to focus solely on its two strongest markets: San Francisco and New York City. This decision came after the company explored a sale and faced challenges with unit economics and generating free cash flow in a capital-constrained environment. The layoffs heavily impacted engineering, consumer, and growth teams as Kyte aims to reach profitability within the next 18 months.

Upwork, a global freelance marketplace, announced on October 23, 2024, a significant workforce reduction as part of organizational changes aimed at driving profitable growth. The company is laying off 21% of its employees, which translates to approximately 300 people based on its total workforce of around 1,400. This move is expected to generate about $60 million in annual cost savings, advancing Upwork toward its five-year profitability target. The restructuring focuses on streamlining operations, optimizing R&D spending, and sharpening its Enterprise strategy to increase efficiency and accelerate innovation in the competitive hiring and staffing industry.

Venminder laid off 100 employees on 2024-10-21.

Chief, a networking organization for executive women valued at $1.1 billion, has conducted layoffs primarily affecting technology and administrative roles as part of a restructuring effort announced in October 2024. The move aims to provide the company with "more agility" and balance growth with profitability, according to a spokesperson. While the exact number of employees impacted was not disclosed, this follows a previous round in April 2023 when Chief laid off 14% of its staff amid a challenging economic climate. The company, which describes itself as the nation's largest network for senior executive women, recently refocused on its U.S. operations after closing its London office, and is now concentrating on enhancing member experiences like executive coaching and education programs.

Meta laid off employees across multiple teams, including Reality Labs, Instagram, and WhatsApp, on Wednesday as part of a reorganization to reallocate resources and align with long-term strategic goals. The company did not disclose the number of affected employees, but some were offered new positions or severance packages.

In October 2024, Y Combinator-backed fintech startup CapWay, which focused on providing financial services and literacy to underserved communities in banking deserts, was officially shut down by its founder Sheena Allen. The company, which had raised just under $800,000 from investors like Backstage Capital and Khosla Ventures, began winding down operations in 2023 after a potential acquisition fell through. Allen cited a challenging fintech environment, including reputational damage from industry incidents like the Synapse collapse and the Evolve Bank hack, which made securing banking partnerships difficult. While the exact number of employees laid off was not specified, the closure resulted in the full team being let go as the company ceased operations, ending its mission launched in 2016 to promote financial inclusion.