Layoffs

Six conversations that bring nuance to tech’s layoff wave

This cycle of tech layoffs has been consistent yet highly nuanced. No two layoffs are the same, both when comparing two separate companies which happened to have cut a fifth of staff in the same hour

Startup yachts, Adam Neumann and wait what year is it again?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Natasha took over Equity Monday this week alongside Grace, as

Twilio gets hacked, teens ditch Facebook, and SpaceX takes South Korea to the moon

Hi again! Welcome back to Week in Review, the newsletter where we quickly recap the top stories from TechCrunch dot-com this week. Want it in your inbox every Saturday? Sign up here. Is Facebook for o

Digital health unicorn Truepill conducts third round of layoffs in 2022

Truepill, a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its third mass layoff in a string of workforce reductions, sources tell TechCrun

Kenyan B2B e-commerce platform Marketforce cut about 9% of staff in reorganization strategy

Kenyan retail B2B and end-to-end distribution platform Marketforce laid off a chunk of its workforce in July, according to sources familiar with the matter.  In an email sent from Marketforce CEO Tes

Daily Crunch: Spotify Tickets rollout lets concertgoers buy passes for live gigs

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

How to conduct a reduction in force: Planning, execution and follow-up

Our best-practice advice to CEOs is to cut deep enough that they are confident there will not be a second round in the next few months.

iRobot announced a 10% staff cut the same day its Amazon news dropped

You’d be forgiven for missing this bit of news. I fully cop to not seeing it myself amid the buzz of last week’s Amazon acquisition news on Friday (knowing nod to Robot Report for pointing it out)

Microsoft makes further cuts focused on consumer R&D group

After pulling open roles across its Office and Windows divisions and letting go of a portion of its 180,000-person workforce in July, Microsoft made additional cuts this week. This layoff round was co

Groupon cuts over 500 staff, plans to focus ‘only on mission-critical activities’ from now on

Chicago-based Groupon today laid off more than 500 of its employees — 15% of its 3,416-person headcount — according to posts from former employees on social media. The reduction impacted w

Daily Crunch: Amazon to acquire iRobot in $1.7B all-cash deal

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

A troubling startup layoff trend has emerged

We don’t need to tell you about the layoffs that are defining the tech landscape right now, concentrated particularly in late-stage companies that are struggling to raise extension rounds and grow i

Robinhood’s hangover, YC’s reduction and Uber’s return to form

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann got together with Maggie this week f

Y Combinator narrows current cohort size by 40%, citing downturn and funding environment

Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch. As first reported by The Information and independently verified by TechCrunch, Y

Robinhood lays off 23% of staff, CEO Vlad Tenev says, ‘This is on me’

It’s been a volatile year for retail investment behemoth Robinhood. The fintech company is slashing 23% of its workforce, as first reported by the Wall Street Journal and confirmed by TechCrunc

Clearco cuts 25% of staff, considers ‘strategic options’ for international operations

Clearco, a Toronto-based fintech capital provider for online companies, tells TechCrunch that it has laid off 125 people, or 25% of its entire staff. Those impacted will receive severance pay, a two-y

Career Karma conducts layoffs as tech jobs face a massive stress test

Learning navigation platform Career Karma has laid off 60 people across its United States and global teams, CEO and co-founder Ruben Harris confirmed to TechCrunch. While he did not share the percenta

Rivian begins laying off 6% of workforce

Rivian has started laying off about 6% of its workforce as part of a restructuring plan, according to an internal email from founder and CEO RJ Scaringe. The companywide email, which was sent out Wedn

Shopify lays off 10% of its workforce as rapid pandemic growth slows

Shopify is laying off around 10% of its workforce, or about 1,000 employees, the Wall Street Journal has reported. The Ottawa, Canada-based company told staff in a memo sent on Tuesday that the layoff

Big Tech cutting back on hiring is an opportunity for startups

Once seemingly unstoppable, Big Tech is now in reset mode, slowing hiring and laying off employees. What does this mean for startups?
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