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Layoff Events

Browse recent layoff events from around the world

Confluent

1/26/2023USData

221

People Affected

The provided content does not contain any information about a layoff event at Confluent. It appears to be promotional marketing material for the company's data streaming platform and related services, highlighting product features, customer case studies, and recent blog posts. There is no mention of workforce reductions, employee numbers, or a specific date for such an event. Therefore, a layoff summary cannot be generated from this text.

8%

Plus One Robotics

1/26/2023USOther

0

People Affected

Plus One Robotics, a company in the robotics and automation industry, conducted a layoff affecting approximately 10% of its workforce. The announcement was made by CEO Erik Nieves, who described the day as difficult, emphasizing the personal impact on employees who were valued team members. While the exact number of employees laid off or the total company size was not specified, the reduction was framed as a necessary step amid broader market challenges. The post encouraged other employers to reach out to the affected individuals for new opportunities.

10%

Quora

1/26/2023USConsumer

0

People Affected

Quora on 2023-01-26.

Mode Global

1/26/2023GBFinance

0

People Affected

Mode Global representing approximately 100% of its workforce on 2023-01-26.

100%

CareRev

1/25/2023USHealthcare

0

People Affected

CareRev, a healthcare staffing technology platform, laid off an unspecified number of employees on January 25, 2023, as part of a strategic refocusing effort. The company, which connects over 22,000 healthcare professionals with more than 600 health systems, is prioritizing its technology development to build self-service tools and a new workforce model over the next three years. CEO Will Patterson cited the need to adapt to difficult economic conditions and help health systems improve financial health by moving away from inefficient traditional staffing. The layoffs, described as a hard but necessary decision to execute long-term priorities, affected colleagues who contributed to the mission, with the company providing severance packages.

Prosus

1/25/2023NLOther

0

People Affected

Prosus representing approximately 30% of its workforce on 2023-01-25.

30%

Shutterfly

1/25/2023USManufacturing

360

People Affected

Personalized photo products leader Shutterfly is laying off 360 employees, as confirmed by an internal company email. This latest round of staff reductions, effective by the end of March, follows a previous cut of about 800 employees last year. The layoffs are part of the company's ongoing struggles to stabilize after acquiring Lifetouch in 2018 and going private in 2020, compounded by reported losses of $35-$45 million in Q3 last year. CEO Hilary Schneider cited "choppy times" ahead, attributing the cuts to lackluster consumer spending, rising costs, and lower margins, despite post-pandemic growth plans. The layoffs include 97 positions at its Shakopee, Minnesota warehouse, where photo book production is being transferred to other facilities. This move reflects broader tech industry trends, as companies adjust to economic pressures.

Guardant Health

1/25/2023USHealthcare

130

People Affected

Guardant Health laid off 130 employees representing approximately 7% of its workforce on 2023-01-25.

7%

Tier Mobility

1/25/2023DETransportation

80

People Affected

In January 2023, Tier Mobility, a major European micromobility operator, announced another round of layoffs affecting approximately 80 employees, representing about 7% of its overall staff. This follows a previous cut of 180 employees in August 2022. The company, which had aggressively expanded through acquisitions like Nextbike and Spin, cited restructuring to eliminate redundancies and a challenging macroeconomic environment as reasons. The layoffs are part of a broader shift from an "all-out growth mode" to a focus on achieving profitability, reflecting industry-wide pressures in the tech and shared transportation sectors.

7%

IBM

1/25/2023USHardware

3,900

People Affected

IBM laid off 3,900 employees representing approximately 2% of its workforce on 2023-01-25.

2%

PagSeguro

1/25/2023BRFinance

0

People Affected

Brazilian fintech PagSeguro is laying off 7% of its workforce as part of a broader wave of job cuts affecting Latin American technology and financial firms. The company, a major player in Brazil's payments sector, stated the layoffs are a structural adjustment to improve efficiency after years of rapid team growth. This move comes amid a challenging period for fintechs, with PagSeguro's shares having fallen significantly. Contributing factors include new central bank regulations capping interchange fees, which threaten to reduce revenue and profits, alongside a tough economic climate of rising interest rates and market uncertainty. The layoffs were announced in January 2023.

7%

Lam Research

1/25/2023USHardware

1,300

People Affected

Lam Research laid off 1,300 employees representing approximately 7% of its workforce on 2023-01-25.

7%

Noom

1/25/2023USFitness

0

People Affected

Digital weight loss and behavioral health company Noom confirmed a new round of layoffs in January 2023, marking its third workforce reduction in less than a year. While the exact number for this latest cut was not disclosed, previous rounds were significant, including a layoff of about 500 employees, or 10% of its staff, in the fall of 2022. The company, which was valued at $3.7 billion in 2021, cited tough economic headwinds as the reason, stating it needed to ensure long-term momentum after a period of extraordinary growth. This series of layoffs coincides with broader challenges in the digital health sector and internal shifts, including a search for a new CEO.

Finastra

1/25/2023ILFinance

0

People Affected

Finastra, a global fintech giant, is laying off dozens of employees at its Israeli R&D center in Kfar Saba, as reported in January 2023. The layoffs affect a portion of the 370 staff at this center, which is responsible for developing the company's critical Global PAYplus system. While the exact number isn't specified, it represents a significant reduction within the Israeli operation. Finastra, which employs over 11,000 people worldwide, did not publicly state a reason for the cuts, which occurred amid a broader tech industry adjustment period. The Israeli center's work supports a vast network, processing $23 trillion daily for over 300 financial institutions.

Clear Capital

1/25/2023USReal Estate

250

People Affected

Clear Capital laid off 250 employees representing approximately 25% of its workforce on 2023-01-25.

25%

SirionLabs

1/25/2023USLegal

130

People Affected

SirionLabs, a Tiger Global and Sequoia-backed contract management SaaS startup, laid off approximately 130 employees, or about 15% of its workforce of over 900, in mid-January. The job cuts, announced by CEO Ajay Agrawal on January 17, impacted teams globally, including DevOps, analysts, and support. This restructuring, aimed at achieving profitability amid a challenging macroeconomic environment, came just days after the company raised $25 million in an extended Series D funding round, bringing its total Series D to $110 million. The Washington-headquartered startup, which has raised about $170 million to date, offered a two-month severance package to affected employees.

15%

Luno

1/25/2023GBCrypto

330

People Affected

London-based cryptocurrency exchange Luno is laying off 35% of its global workforce, impacting over 330 employees out of roughly 960. The cuts, announced by CEO Marcus Swanepoel in a live-streamed town hall on Wednesday, primarily affect marketing teams, with key operating and compliance teams seeing minimal impact. The company, part of the Digital Currency Group conglomerate, cites a tough 2022 marked by a worsening macroeconomic climate, the crypto market downturn, and industry shocks like the collapses of FTX and Terra, which have constrained growth and revenue. Luno will also scale back its operations in the U.S. and Australia as it navigates the ongoing "crypto winter."

35%

Bolt

1/24/2023USFinance

50

People Affected

Bolt laid off 50 employees representing approximately 10% of its workforce on 2023-01-24.

10%

Vacasa

1/24/2023USTravel

1,300

People Affected

Vacasa laid off 1,300 employees representing approximately 17% of its workforce on 2023-01-24.

17%

PagerDuty

1/24/2023USProduct

0

People Affected

PagerDuty representing approximately 7% of its workforce on 2023-01-24.

7%

Innovaccer

1/24/2023USHealthcare

245

People Affected

Innovaccer laid off 245 employees representing approximately 15% of its workforce on 2023-01-24.

15%

Corvus Insurance

1/24/2023USFinance

0

People Affected

Corvus Insurance representing approximately 14% of its workforce on 2023-01-24.

14%

CoachHub

1/24/2023DEHR

0

People Affected

Based on the provided content, there is no information about a layoff event at CoachHub. The text appears to be a generic sign-up or login interface snippet from LinkedIn, containing no news or details about the company's operations, workforce, or any restructuring. Therefore, a summary of a layoff cannot be generated from this material.

10%

Icon

1/24/2023USConstruction

0

People Affected

Icon on 2023-01-24.

Gitpod

1/24/2023DEProduct

21

People Affected

Gitpod laid off 21 employees representing approximately 28% of its workforce on 2023-01-24.

28%

OFFOR Health

1/24/2023USHealthcare

16

People Affected

OFFOR Health, a tech-enabled healthcare delivery company, recently conducted a layoff, reducing its team size due to macroeconomic pressures. While the exact number of employees affected and the total workforce size were not disclosed in the announcement, the company described the decision as extremely difficult. The impacted individuals worked across software development, clinical recruiting, sales, HR, and IT, having contributed to expanding services to five states and launching multiple care lines for pediatric and adult patients. This restructuring reflects broader economic challenges within the healthcare technology industry as companies adjust their operations.

Scoro

1/24/2023GBHR

0

People Affected

Scoro representing approximately 9% of its workforce on 2023-01-24.

9%

Innovid

1/23/2023USMarketing

40

People Affected

Innovid laid off 40 employees representing approximately 10% of its workforce on 2023-01-23.

10%

Ermetic

1/23/2023USSecurity

30

People Affected

Israeli cloud security startup Ermetic laid off 30 employees on January 23, 2023, representing 17% of its workforce. The cuts, part of a restructuring to focus on core technological development amid market challenges, affected marketing, sales, and HR departments, with no R&D staff impacted. A third of the laid-off employees were based in Israel. Ermetic, which had raised $100 million in total funding, operates in the cybersecurity industry, providing multi-cloud protection for enterprise customers.

17%

Inmobi

1/23/2023INMarketing

50

People Affected

Inmobi laid off 50 employees on 2023-01-23.

Uber Freight

1/23/2023USLogistics

150

People Affected

Uber Freight laid off 150 employees representing approximately 3% of its workforce on 2023-01-23.

3%

Yext

1/23/2023USMarketing

0

People Affected

Yext representing approximately 8% of its workforce on 2023-01-23.

8%

Namogoo

1/23/2023ILMarketing

20

People Affected

Israeli startup Namogoo has laid off 20 employees, constituting over 15% of its remaining workforce, in its second round of job cuts in less than three months. Following the layoffs, the company's team will total around 100 people, primarily based in Israel with others in London, Boston, and New York. CEO Chemi Katz stated that these cutbacks will make the company profitable immediately, even as it continues to grow and serve major clients like Victoria's Secret and Neiman Marcus. Founded in 2014, Namogoo, which has raised $81 million, provides a digital journey continuity platform to help websites retain potential customers. This move reflects ongoing adjustments within the tech industry amid broader economic challenges.

15%

Spotify

1/23/2023SEMedia

600

People Affected

Spotify laid off 600 employees representing approximately 6% of its workforce on 2023-01-23.

6%

Camp K12

1/23/2023INEducation

0

People Affected

In January 2023, the edtech startup Camp K12, headquartered in California and operated from Gurugram, laid off approximately 70% of its workforce. The company, which had expanded from a coding bootcamp to teaching math and English online, faced severe financial distress, leading to this drastic staff reduction. Former employees reported that the company was not paying their December salaries, and remaining workers were allegedly prevented from resigning, with management refusing to provide relieving letters. This situation highlights the broader challenges within the edtech industry, as Camp K12, once positioned as a rival to larger coding platforms, struggled to sustain operations amid a turbulent market.

70%

Gemini

1/23/2023USCrypto

0

People Affected

Gemini representing approximately 10% of its workforce on 2023-01-23.

10%

Booktopia

1/23/2023AURetail

30

People Affected

The provided article content appears to be corrupted or unreadable binary/PDF data, not actual text about Booktopia. Therefore, I cannot extract any specific information about a layoff event at Booktopia, including details like the number of employees affected, the reason, or the date. To create an accurate summary, I would need access to the correct article text describing the event.

BUX

1/22/2023NLFinance

0

People Affected

BUX on 2023-01-22.

Spotify

1/22/2023SEMedia

6

People Affected

Spotify is laying off 6 percent of its global workforce, as announced by the CEO, as part of cost-cutting measures.

6%

Wayfair

1/20/2023DERetail

1,750

People Affected

Wayfair laid off 1,750 employees representing approximately 10% of its workforce on 2023-01-20.

10%

TikTok

1/20/2023GBConsumer

0

People Affected

TikTok, the popular short-form video platform, has conducted a new round of layoffs this week, specifically targeting employees within its human-resources team focused on talent acquisition and recruiting. The exact number of affected employees remains unclear, as the company, a private entity under parent ByteDance, does not publicly disclose such figures. The layoffs were confirmed on Wednesday, January 18, 2023, amidst a broader wave of job cuts across the tech industry, including major players like Amazon and Google. This move appears to be part of ongoing restructuring efforts, following previous workforce reductions in 2022 within its advertising and Russian operations. While TikTok has thousands of global job openings and plans for expansion, these layoffs reflect a strategic adjustment in its hiring approach during a period of economic uncertainty and industry-wide recalibration.

Swiggy

1/20/2023INFood

380

People Affected

Swiggy, a major Indian food and grocery delivery startup, laid off 380 employees on January 20, 2023, as part of a companywide restructuring. This reduction affected approximately 6% of its total workforce of about 6,000 people. CEO Sriharsha Majety cited slowing growth in the core food delivery business, over-hiring based on overly optimistic projections, and a broader late-stage funding crunch impacting the tech startup sector. The company also announced the shutdown of its standalone meat marketplace, though meat delivery will continue through its Instamart service. Impacted employees were offered severance compensation ranging from three to six months' salary.

6%

Vox Media

1/20/2023USMedia

130

People Affected

On January 20, 2023, Vox Media, a prominent digital media company behind brands like Vox.com, The Verge, and New York Magazine, laid off approximately 130 employees, representing 7% of its workforce. CEO Jim Bankoff cited a challenging economic environment and the need to scale back underperforming or non-core projects as reasons for the cuts. The layoffs affected various departments, including Revenue, Editorial, Operations, and Core Services. This follows a previous round of layoffs in July 2022, where 39 employees were let go. The company, operating in the competitive digital media industry, indicated it would continue to assess its financial outlook and implement cost-saving measures as necessary.

7%

MediBuddy

1/20/2023INHealthcare

200

People Affected

Healthtech startup MediBuddy, backed by Lightrock India, laid off approximately 200 employees earlier this week as part of a restructuring exercise. This represents about 8% of its workforce, which totaled over 2,400 employees prior to the cuts. The layoffs, impacting all departments but heaviest in tech, product, sales, and operations, aim to eliminate role redundancies and realign business goals for long-term stability. The Bengaluru-based company, which recently completed its merger with DocsApp, cited the need for this one-time restructuring despite the short-term difficulty. MediBuddy is providing outplacement assistance and extended health benefits to affected staff. The layoffs occur amid significant financial pressures, with the company's losses having soared in recent fiscal years.

8%

Avalara

1/20/2023USFinance

0

People Affected

Avalara on 2023-01-20.

Google

1/20/2023USConsumer

12,000

People Affected

Google laid off 12,000 employees representing approximately 6% of its workforce on 2023-01-20.

6%

Zappos

1/20/2023USRetail

0

People Affected

Online retailer Zappos, a subsidiary of Amazon, has conducted a new round of layoffs impacting several departments, as reported in January 2023. The exact number of affected employees and the start date were not disclosed. This follows a previous round in September where the company confirmed cutting less than 4% of its staff, though sources suggested it could have been as high as 20%. The move aligns with broader tech industry downsizing, including Amazon's own announcement to cut 18,000 jobs earlier that month. Zappos stated the layoffs are part of ongoing assessments to ensure long-term success while maintaining its customer service mission.

Karat

1/20/2023USHR

47

People Affected

Karat laid off 47 employees on 2023-01-20.

Edifecs

1/20/2023USHealthcare

30

People Affected

Edifecs laid off 30 employees on 2023-01-20.

Citrine Informatics

1/20/2023USData

22

People Affected

Based on the provided content, there is no information about a layoff event at Citrine Informatics. The text appears to be a generic sign-up or login interface snippet from LinkedIn, containing no news or details about the company's operations, workforce, or any restructuring. Therefore, a summary of a layoff cannot be generated from this material.

27%