Layoff Events

Udemy representing approximately 10% of its workforce on 2023-02-14.

CommerceHub laid off 371 employees representing approximately 31% of its workforce on 2023-02-14.

HackerEarth, a tech-focused skilling and hiring startup, has laid off approximately 17 employees, representing over 8% of its workforce, which the company clarified totals 190 employees. This reduction, attributed to challenging macroeconomic conditions such as an economic downturn, funding crisis, and impending recession in the US market, was announced in February. CEO Sachin Gupta explained that after strong growth in 2020 and 2021, a hiring slowdown in late 2022 led to lower business growth than anticipated, necessitating these cuts for long-term sustainability. Alongside the layoffs, the company implemented organization-wide pay adjustments, with leadership taking the largest cuts, and provided severance packages including eight weeks of pay to impacted employees.

Berlin-based quick-commerce startup Dropp has ceased operations after failing to secure new investors, leading to its insolvency. Approximately 60 employees lost their jobs following the company's closure in early 2023. Dropp, which provided a sustainable, white-label delivery service for e-commerce retailers, had been operating for about a year and a half. The difficult market environment for delivery services made investors cautious, and a planned funding round in late 2022 fell through, ultimately forcing the founders to file for insolvency. While the software assets were acquired by luxury delivery startup Arive, the business itself could not be saved, resulting in the layoff of its entire workforce.

Bengaluru-based healthtech startup PhableCare laid off hundreds of employees over several months starting in October 2022, drastically reducing its workforce from over 800 in August 2022 to around 200. This represents a cut of more than 70% of its employees. The layoffs, which affected sales, marketing, product, and tech teams, were driven by a severe cash crunch following a period of high burn rate after a $25 million funding round in March 2022. The company struggled to raise new funds amid a broader funding winter, leading to delayed salaries for months and forcing many employees to depart. The healthtech firm, which reported a significant increase in net losses for FY22, is now seeking a merger or additional funding to survive.

Blackbaud laid off 500 employees representing approximately 14% of its workforce on 2023-02-14.

EMX Digital, an adtech firm owned by Big Village, laid off nearly all of its roughly 100 employees this week following Big Village's Chapter 11 bankruptcy filing. The mass layoffs, which represent close to 100% of the workforce, occurred after private equity owner Lake Capital Partners failed to find a buyer for the company. Former employees expressed shock and anger, as they were not provided severance, unlike those laid off in a previous round last year. The bankruptcy stems from Big Village owing millions to major media companies like Google and NBCUniversal. The layoffs were announced in mid-February 2024, shortly after the departure of Big Village's global CEO, leaving staff feeling abandoned by leadership.

Twilio, a cloud communications software company, announced on Monday that it is laying off approximately 1,500 employees, which represents about 17% of its workforce based on its reported total of 8,992 employees as of September 2022. This marks the second round of significant job cuts for the tech firm, following a previous reduction of around 11% in September as part of an ongoing restructuring effort. CEO Jeff Lawson stated that the layoffs are necessary to reorganize the company into two more efficient business units—Twilio Data & Applications and Twilio Communications—and to address the company having grown "too big," particularly in its communications segment. The move reflects broader trends of workforce reductions across the technology industry in recent months.

PetLove, a Brazilian pet-focused e-commerce and services platform, laid off 94 employees on Monday, February 13, 2023. This reduction affected over 6% of its workforce, which totaled approximately 1,500 people, and impacted departments including marketing, product design, and software engineering. The company cited a challenging macroeconomic environment as the reason, stating the layoffs were part of a restructuring to integrate business areas, seek synergies, and reallocate investments toward higher-value projects. Having started 23 years ago, PetLove expanded into a subscription model and made several acquisitions, aiming to build a comprehensive online pet ecosystem. The company reported revenues exceeding R$1 billion in 2022 and had previously raised significant funding during the pandemic from investors like SoftBank.

Casavo, a European proptech company, announced on February 13, 2023, that it is laying off approximately 30% of its workforce. This difficult decision was communicated by CEO Giorgio Tinacci as a necessary step to strengthen the company's foundations amid a challenging market. The layoffs are driven by a downturn in the residential real estate market due to rising interest rates and inflation, alongside a cautious investment climate for tech companies, making external funding unreliable. To ensure long-term success, Casavo is focusing on achieving financial self-sustainability, moving away from dependence on additional capital. The company, which operates a next-generation residential marketplace, is adjusting its team size to navigate these economic headwinds and continue its mission of transforming how people buy and sell homes.

Roomba maker iRobot is laying off approximately 85 employees, representing about 7% of its workforce of 1,254. Announced in February 2023, these cuts are part of a broader effort to reduce costs amid challenging market conditions, including muted orders and a $84.1 million loss in the fourth quarter. This follows a previous round of layoffs in August 2022 and occurs while the company awaits regulatory approval for its $1.7 billion acquisition by Amazon. The move aligns iRobot with other tech firms trimming staff due to economic pressures like rising interest rates and slowing consumer demand.

Foodpanda, a major food delivery platform in Asia, recently conducted a significant round of layoffs affecting employees across several markets. While the exact number of employees impacted has not been officially disclosed, reports indicate the cuts are part of a broader restructuring effort by its parent company, Delivery Hero, aimed at improving operational efficiency and profitability. The layoffs, which occurred in early 2024, primarily targeted roles in various corporate functions. As a large-scale global player in the competitive food delivery and quick-commerce industry, this move reflects ongoing challenges and consolidation within the sector as companies strive for sustainable growth.

Collective Health, a healthcare technology company, laid off 54 employees in a workforce reduction. The layoffs were announced by CEO Ali Diab, who expressed gratitude for the impacted colleagues and highlighted their alignment with company values. While the exact percentage of the workforce affected and the total employee count were not specified in the announcement, the move reflects broader adjustments within the company. The industry is health tech, and the event occurred as part of the company's strategic restructuring efforts.

Getir, the European speedy grocery giant, is preparing for a new round of layoffs in its UK office following its merger with rival Gorillas. This move, expected in early 2023, is part of the integration process to eliminate overlapping roles after the two companies, which offered similar services in many of the same locations, combined in a deal valuing the entity at $10 billion. While the exact number of UK layoffs is undisclosed, it is anticipated to be smaller than the drastic cuts in 2022, when Getir reduced its global workforce by 14% (4,400 employees) amid a market downturn. The industry-wide challenges in the rapid grocery delivery sector continue to drive these cost-cutting measures as the merged company seeks to prove the deal's value to investors.

Electric laid off 141 employees representing approximately 25% of its workforce on 2023-02-13.

LinkedIn on 2023-02-13.

The provided content appears to be a list of cryptocurrency prices and does not contain any information about layoffs at Magic Eden. 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.

Moladin laid off 360 employees representing approximately 11% of its workforce on 2023-02-12.

Rigetti Computing representing approximately 28% of its workforce on 2023-02-10.

Syft Technologies laid off 30 employees representing approximately 20% of its workforce on 2023-02-10.

Titan Medical laid off 48 employees representing approximately 72% of its workforce on 2023-02-10.

TripleLift, an advertising technology company, laid off over 100 employees, representing one-fifth of its workforce, on February 9, 2023. The cuts, affecting only U.S. and Canadian staff, were a course-correction due to lower-than-expected growth amid economic challenges like inflation and reduced ad spending. CEO Dave Clark cited a failure to adapt quickly to a shifting market. Following the layoffs, the company's headcount returns to roughly its level after acquiring 1plusX. This marks TripleLift's second workforce reduction in under three years, reflecting broader turmoil in the ad tech industry, where firms like Yahoo and EMX have also faced significant cuts or closures.

TikTok India has terminated its entire local workforce, laying off 40 employees in February 2023. This move effectively shuts down its operations in the country, following the Indian government's ban on the app and hundreds of other Chinese applications in June 2020 due to national security concerns. The employees, who had been working remotely from locations like Brazil and Dubai since the ban, were informed that restarting operations in India was unlikely given the government's stance. They were offered a severance package of nine months' pay. Prior to the ban, TikTok had amassed over 200 million users in India. The company, owned by ByteDance, is also facing increasing regulatory scrutiny and potential bans in other markets, including the United States, over similar data privacy and security concerns.

Open Co, a Brazilian fintech company, has laid off at least 26 employees, as indicated by a publicly shared spreadsheet listing affected individuals. The layoffs, which occurred recently, impacted a diverse range of roles across departments including Growth, Tech, People (HR), Marketing, Product, and Compliance. While the exact total workforce and percentage affected are not specified in the provided data, the cuts appear significant and broad-based, reflecting a restructuring effort common in the current economic climate for tech and fintech startups. The list suggests the company is scaling back operations across multiple functions.

Wonderschool, a company in the education technology industry that provides a platform for early childhood educators, conducted a layoff affecting approximately 7 employees, which represented about 10% of its workforce. This reduction occurred in early 2024 as part of a restructuring effort to streamline operations and extend the company's financial runway amid broader economic challenges in the tech sector. The move reflects a strategic adjustment to focus resources on core business areas and achieve sustainable growth.

Bengaluru-based cryptocurrency startup WeTrade has ceased operations and laid off its entire workforce, reportedly last month, amid a severe "crypto winter" and hostile market conditions. The company, which launched in 2022, disabled its trading services on January 17, 2023, and is now focusing on returning customer funds. While the exact number of employees affected is not specified, sources indicate a full team layoff as the startup shuts down. The decision is attributed to the deepening funding winter and extreme uncertainty in the crypto industry, which has particularly impacted early-stage ventures like WeTrade. The company had previously raised INR 15 crore and aimed for significant growth, but could not withstand the ongoing market downturn.

Misfits Market laid off 649 employees representing approximately 33% of its workforce on 2023-02-09.

In February 2023, Microsoft-owned GitHub announced it would lay off approximately 10% of its workforce as part of new budgetary realignments. The cuts, affecting employees through the end of the fiscal year, were aimed at protecting the company's short-term health while freeing up resources to invest in long-term strategy, including its AI-powered initiatives like GitHub Copilot. Concurrently, GitHub decided to transition to a fully remote model, citing low office utilization, and plans to close all offices as leases expire. The tech company, a leading platform for developers, did not specify the exact number of employees impacted but framed the move as necessary to focus on customer needs and future growth in the evolving software development industry.

Quillt on 2023-02-09.

Oportun Financial, a consumer finance company providing personal loans, announced on Thursday a plan to streamline its operations, which includes a workforce reduction of approximately 10%. This layoff impacts about 155 employees out of its total workforce. The decision is part of broader cost-cutting measures that also involve reducing expenditure on external contractors. The move reflects the company's efforts to improve operational efficiency in the competitive financial services industry.

Veriff laid off 66 employees representing approximately 12% of its workforce on 2023-02-09.

REE Automotive, an electric vehicle technology company, is laying off approximately 50% of its workforce, affecting over 100 employees, as part of a drastic restructuring plan announced in June 2025. This follows a previous 11% reduction in 2023. The company, which currently employs around 300 people globally, is taking these measures after reporting a $70 million annual loss and issuing a "going concern" warning. Its goal is to slash operating expenses by 60% to stay afloat. Once valued at $3 billion after a 2021 SPAC merger, REE's market capitalization has plummeted to about $23 million, reflecting the severe challenges in the EV sector. The layoffs will impact staff in Israel, the U.S., and the U.K. as the company strives to streamline operations and extend its runway.

Yahoo laid off 1,600 employees representing approximately 20% of its workforce on 2023-02-09.

GitLab, a provider of collaborative software development services, announced a workforce reduction of 7%, affecting approximately 130 employees, as part of its response to a challenging macroeconomic environment. The company, which had around 1,860 employees, cited slower software investment decisions by clients and a need for responsible spending alignment. CEO Sid Sijbrandij communicated the layoffs to staff on Thursday, noting that previous cost-saving measures were insufficient. The move follows similar cuts across the tech industry, with GitLab offering severance including four months' base salary and extended health benefits. The announcement led to a roughly 12% drop in the company's stock price.

Olive AI laid off 215 employees representing approximately 35% of its workforce on 2023-02-09.

Bark laid off 126 employees representing approximately 12% of its workforce on 2023-02-09.

Deliveroo laid off 350 employees representing approximately 9% of its workforce on 2023-02-09.

Beam Benefits laid off 31 employees representing approximately 8% of its workforce on 2023-02-08.

Gusto laid off 126 employees representing approximately 5% of its workforce on 2023-02-08.

Canadian fintech startup Koho has laid off 42 employees, representing 14% of its workforce, reducing its total headcount to 300. The company-wide cuts, confirmed in early 2023, are part of a restructuring effort amid ongoing tough market conditions in the tech industry. CEO Daniel Eberhard stated that the layoffs are not aimed at extending the company's financial runway but rather reallocating capital toward growth initiatives to accelerate scaling and move toward profitability. This follows a previous restructuring in the fall that affected 15 roles. Koho, which raised $210 million in a 2022 Series D round nearing a $1 billion valuation, remains well-capitalized and continues to hire selectively in areas like product and marketing while navigating the current economic downturn.

Baraja representing approximately 75% of its workforce on 2023-02-08.

Gong, a conversation analytics unicorn, has laid off 80 employees, representing 7% of its workforce, as part of a restructuring effort driven by slower-than-expected growth amid challenging macroeconomic conditions. CEO Amit Bendov stated that the company is adapting to its projected income, with the cuts primarily affecting support, sales, and administrative roles, while core R&D remains intact. This follows a smaller layoff of 15 employees three months prior. Despite the reduction, Gong continues to onboard new clients and anticipates no further layoffs this year. The company, valued at $7.25 billion after a 2021 funding round, operates in the AI and sales tech industry.

Affirm laid off 500 employees representing approximately 19% of its workforce on 2023-02-08.

On February 8, 2023, GoDaddy announced it would lay off approximately 530 employees, representing 8% of its global workforce of about 6,611. The web hosting and domain registration company cited a decline in customer demand amid a global economic slowdown as the reason for the cuts. Affected employees were offered transition packages, extended healthcare benefits, and, in the U.S., 12 weeks of paid administrative leave. This move was part of a broader wave of layoffs across the technology sector in early 2023, as companies adjusted to shifting market conditions.

Equitybee, an Israeli fintech startup that operates a marketplace for startup employee stock options, conducted its second round of layoffs in just over three months, cutting 25% of its workforce in February 2023. This amounted to 24 employees out of a total of approximately 100 across its Israel and U.S. operations. The company, which had previously laid off around 25 staff in October 2022, cited a challenging macroeconomic climate that forced a strategic shift to focus on a more targeted market segment in the U.S. Founded in 2018 and having raised $85 million, Equitybee is adjusting its operations amid broader market pressures affecting the tech industry.

In February 2023, shortly after its acquisition by US private equity firm Thoma Bravo in a deal valued over $1 billion, Australian aerial imaging software company Nearmap underwent significant leadership changes. The company saw the resignation of CEO Rob Newman and the departure of CFO Penny Diamantakiou, with COO Andy Watt stepping into the CEO role. While the exact number of layoffs was not specified, these high-level exits indicate a restructuring phase typical after private equity takeovers, aimed at streamlining operations and aligning with new strategic directions in the competitive tech and software industry.

Medly, a once-prominent pharmacy startup in the healthcare industry, is permanently shutting down in February 2024 after declaring bankruptcy in December 2023. The company is laying off all remaining employees as it closes its 22 pharmacies, with staff being let go by the end of the month. While the exact number of affected employees isn't specified, the shutdown follows months of financial turmoil, with Medly burning through cash due to overly rapid expansion in a competitive, low-margin sector. Its patient data and drug inventory were sold to Walgreens, which has expressed interest in hiring some former Medly staff, though no severance will be paid due to the Chapter 11 bankruptcy.

In February 2023, Irish e-learning startup LearnUpon announced a workforce reduction of 9%, affecting 27 employees globally, including seven in Ireland. The company, which employs nearly 300 people across its offices in Ireland, the US, Australia, and Serbia, cited a challenging global economic environment as the reason for the layoffs. Co-founder and CEO Brendan Noud stated that this difficult decision aims to strengthen the company's position for future growth, with the restructuring bringing its global headcount back to levels from 11 months prior. LearnUpon, a Deloitte Fast 50-ranked company that secured €47 million in funding in 2020, is a notable player in the learning management system industry.

eBay laid off 500 employees representing approximately 4% of its workforce on 2023-02-07.

Australian buy now, pay later firm Openpay collapsed in early February 2023, appointing administrators and effectively ceasing operations. The ASX-listed company, which served over 347,000 customers and 4,200 merchants like Bunnings and Officeworks, had been struggling with significant cash flow issues, reporting a net operating cash outflow of $18.2 million in its last update. While the exact number of layoffs wasn't specified, the administration process typically results in job losses across the company. The collapse reflects broader challenges in the competitive BNPL industry, leading to a trading suspension of its shares and leaving customers unable to make new purchases, though they must still repay existing debts.