Layoffs

Google, Microsoft-backed VerSe Innovation cuts 5% of workforce, reduces salaries

India’s VerSe Innovation — the $5 billion Indian startup behind news aggregator Dailyhunt, short-video platform Josh and hyperlocal video app PublicVibe — has cut 150 employees, or 5% of its

SWVL reduces its headcount by 50% six months after axing 400+ staff

Cairo-born and Dubai-based mass transit and shared mobility services provider SWVL has carried out its second round of layoffs affecting 50% of its remaining headcount, according to a statement shared

Tech’s homogeneity problem

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single pe

Amazon layoffs begin, Ticketmaster can’t handle Taylor Swift, and much of Twitter HQ quits

Hello again! Time for another edition of Week in Review, the newsletter where we recap the week’s most read TechCrunch stories in one quick and easy-to-skim blast. Get it in your inbox every Sat

OK, I take back what I said about tech layoffs

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Well, that did

The exodus at Twitter may have been the plan all along, maybe?

When Peter Clowes last updated his LinkedIn profile, he listed his role as “Layoff Survivor” at Twitter. Yet Clowes, a senior software engineer who joined the company in the spring of 2020

TechCrunch+ roundup: TAM takedown, green card layoffs, when to ignore investor advice

In business, if someone offers you free advice, it's probably for their own benefit.

Autonomous delivery startup Nuro lays off 20% of workforce

Nuro, the autonomous vehicle delivery startup backed by SoftBank, Google and Tiger Global Management, is laying off about 300 people, or 20% of its workforce, in an effort to preserve cash amid a stor

GoTo cuts 1,300 jobs as it anticipates ‘uncertainties’ to linger for long

GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances. “Achieving financial

Roku lays off 200 US employees, citing economic conditions

Roku wrote in a new SEC filing that it plans to cut 200 jobs in the U.S. as it braces for economic headwinds. Thanks to the workforce reduction, the company expects to incur a non-recurring charge of

Amazon hardware head confirms layoffs in memo

Update: Spokesperson Kelly Nantel tells TechCrunch, “As part of our annual operating planning review process, we always look at each of our businesses and what we believe we should change. As we’v

Amazon begins layoffs as economic woes mount

Update: Spokesperson Kelly Nantel tells TechCrunch, “As part of our annual operating planning review process, we always look at each of our businesses and what we believe we should change. As we’v

African web3 startup Nestcoin declares it held its assets in FTX, lays off employees

African web3 startup Nestcoin has laid off some employees as FTX’s demise impacted its business. This information was shared by the startup’s CEO, Yele Bademosi, who, in a tweet, said FTX&

The power pendulum is swinging back to employers, isn’t it?

We talked with entrepreneur Nolan Church about the layoffs sweeping across the tech workforce -- and how to handle them better.

What goes up must come down

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Answers for H-1B workers who’ve been laid off (or think they might be)

When an H-1B worker loses their job, a loud clock starts clicking: unless they can land a new position or change their immigration status within 60 days, they are required to leave the country.

SoundHound, the voice AI platform, lays off 10% of staff citing ‘challenging market conditions’

SoundHound — maker of the voice AI technology used by Mercedes-Benz, Deutsche Telekom, Snap, Mastercard and more — has laid off about 10% of its workforce amid ongoing economic turmoil across glob

Gaming company Kabam lays off 7% of its workforce to better align with goals

Kabam, the gaming company that has developed mobile games in partnership with entertainment brands including Disney, Marvel and Universal, has laid off about 7% — around 35 people — of its workfor

Astra lays off 16% after nearly tripling workforce in the last year

Astra, a rocket startup that went public last year, told investors Tuesday it laid off 16% of its workforce as part of a wider strategy to increase shrinking financial runway and decrease expenses. Th

Tech layoffs may get worse before they get better

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single pe
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