layoffs

Better.com CEO Vishal Garg apologizes to current employees for ‘blundering’ of mass layoffs; SPAC delayed

Better.com CEO Vishal Garg apparently realizes he’s done wrong. (As if the barrage of negative publicity wasn’t enough evidence of that.) Today, a letter to current employees was leaked on Blind b

Better.com’s PR, comms, marketing heads submit resignations in wake of layoffs fiasco

Better.com continues to find new ways to make itself look bad. This week, sources familiar with internal happenings within the company told TechCrunch the company’s VP of communications, Patrick Len

Ahead of public market debut, Better.com lays off 9% of its staff

One day after announcing an amendment to its SPAC agreement, digital mortgage lender Better.com confirmed today that it is laying off roughly 9% of its nearly 10,000 person staff. Doing the math, that

Lambda School lays off 65 employees amid restructuring

Nearly a year after its last layoff, online coding bootcamp Lambda School just announced more cuts amid a broader restructuring. In a blog post, CEO and founder Austen Allred said that the startup, wh

As IBM shifts to hybrid cloud, reports have them laying off 10,000 in EU

As IBM makes a broad shift in strategy, Bloomberg reported this morning that the company would be cutting around 10,000 jobs in Europe. This comes on the heels of last month’s announcement that

Uber refused permission to dismiss 11 staff at its EMEA HQ

Uber has been refused permission to dismiss 11 people at its EMEA headquarters in Amsterdam by the Dutch Employee Insurance Agency (UWV), the ride-hailing company has confirmed. The affected individua

Amazon’s drone delivery team hit with layoffs amid reorganization

Amazon has confirmed an early Financial Times report outlining layoffs at the retail giant’s Prime Air drone delivery program. “As part of our regular business operations, we are reorganizing one

Salesforce announces 12,000 new jobs in the next year just weeks after laying off 1,000

In a case of bizarre timing, Salesforce announced it was laying off 1,000 employees at the end of last month just a day after announcing a monster quarter with over $5 billion in revenue, putting the

Salesforce confirms it’s laying off around 1,000 people in spite of monster quarter

In what felt like strange timing, Salesforce has confirmed a report in yesterday’s Wall Street Journal that it was laying off around 1,000 people, or approximately 1.9% of the company’s 54

Mozilla lays off 250

Mozilla today announced a major restructuring of its commercial arm, the Mozilla Corporation, that will see about 250 employees lose their jobs and the shuttering of the organization’s operation

Rakuten is shuttering the online shop formerly known as Buy.com

Japanese conglomerate Rakuten has pulled the plug on its U.S. online retail store, originally known as Buy.com, and will wind down its operations over the next two months, the company confirmed to Tec

Benchmark-backed Optimizely confirms it has laid off 15% of staff

Optimizely, a San Francisco-based startup that popularized the concept of A/B testing, has laid off 15% of its staff, the company confirmed in a statement to TechCrunch. The layoff impacts around 60 p

Harley-Davidson’s ‘Rewire’ plan starts with 700 jobs cuts, ousted CFO

Harley-Davidson, the storied and struggling Milwaukee-based company that last year launched its first production electric motorcycle in an effort to reboot sales and appeal to a younger customer base,

Who really benefits from reskilling?

Nearly 40 million Americans are unemployed, and a recent study that examined more than 66,000 tech job layoffs found that sales and customer success roles are most vulnerable amid COVID-19. In respons

Grab to lay off 360 people, or about 5% of its employees

Grab is laying off about 360 people, or slightly less than 5% of its employees. Co-founder and CEO Anthony Tan made the announcement in a letter to Grab employees today. A Grab spokesperson told TechC

The pace of startup layoffs may be slowing down

Startups hit the brakes in March as COVID-19 took a toll on the global economy. As certain industries ground to a halt, cohorts of startups made staffing cuts, including those focused on serving resta

Monzo to lay off up to 120 employees as the ‘economic situation’ remains challenging

Monzo, the U.K. challenger bank, continues to be faced with tough decisions linked to the coronavirus crisis and resulting economic downturn. Following the shuttering of its Las Vegas-based customer s

Equity Monday: Tech’s stance on change, two funding rounds and fintech layoffs

Good morning and welcome back to TechCrunch’s Equity Monday, a brief jumpstart for your week. A big thanks to the whole Equity crew for doing a stellar job last week with the show while I was on va

Amid unprecedented growth on its platform, Acorns cuts roles and shuts down an office

Acorns, which helps millions of people invest their spare change in the stock market, has laid off between 50 to 70 people, TechCrunch has learned from multiple sources. The Irvine, Calif.-based compa

Brex, the credit card for startups, cuts staff amid restructuring

Brex, last valued at $2.6 billion, is restructuring its credit card for startups business and cut 62 staff members, the co-founders Pedro Franceschi and Henrique Dubugras said in a blog post. “T
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