layoffs

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

IBM confirms layoffs are happening, but won’t provide details

IBM confirmed reports from overnight that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms

Uber lays off another 3,000 employees

Uber is laying off another 3,000 employees, the Wall Street Journal first reported. Uber is also closing 45 offices, and rethinking its approach in areas like freight and autonomous vehicle technology

Vice lays off 155 as COVID-19 continues to slam media revenue

In a memo titled “The Course Ahead,” Vice Media Group CEO Nancy Dubuc announced a large round of layoffs to staff. The number includes 155 workers — 55 of whom will lose their jobs today. The re

Cruise lays off 8% of workforce amid COVID-19, puts resources toward engineering

Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member

Is it better to be a private or public company right now?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Every week we write this post with some opening line akin to wow,

Andela CEO confirms staff cuts as layoffs hit African tech

Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch. Senior staff at the company — with offices in New York and four African countries

Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce

This afternoon Airbnb, a well-known private company that connects travelers with places to stay, announced that it was laying off around a quarter of its workforce. The company cited revenue declines

Namely, a former high flier, slashes staff as demand for its HR software dries up in the pandemic

Namely, an eight-and-a-half-year-old, New York-based company that sells payroll, talent management and other HR services to mid-size businesses across the U.S. via subscription software, has let go of

Juul is reportedly laying off 800 to 950 employees

Juul is set to eliminate between 800 to 950 jobs, according to a new report from The Wall Street Journal. Those massive cuts would amount to around a third of the Bay Area vaping giant’s entire work

Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count b

TripAdvisor will cut almost 25% of its workforce as the travel industry languishes

In a blog post, TripAdvisor CEO and co-founder Stephen Kaufer announced that the company would be reducing its workforce in light of the COVID-19 pandemic, which has wrought particular havoc on the tr

Manufacturing startup Divergent 3D reduces staff by one-third

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations
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