layoffs

  • NerdWallet just laid off over 40 people, including its VP of growth

    NerdWallet just laid off over 40 people, including its VP of growth

    Personal finance startup NerdWallet recently let go of more than 40 employees, TechCrunch has learned. As part of the changes, NerdWallet VP of growth Henry Hsu left the company and NerdWallet COO Dan Yoo is moving into an advisory role. Read More

  • Crunch Report | GoPro plans to cut 270 jobs

    GoPro plans to cut 270 Jobs, Tesla looking to raise $1 billion for the Model 3, growth of the iMessage store is slowing down and the pricing of the Lucid Air electric car is revealed. All this on Crunch Report. Read More

  • GoPro will cut 270 more jobs

    GoPro will cut 270 more jobs

    More tough news for GoPro as it pre-announced its first-quarter earnings earlier today. While the company announced that revenue for the first part of 2017 will hit toward the high end of guidance, the positivity was tempered by its plans to cut 270 more jobs. That number that comes in addition to the 100 it announced in January 2016 and 200 back in November, amounting to seven- and 15-percent… Read More

  • Crunch Report | Judge Rules CRISPR-Cas9 Belongs to Broad Institute

    Verizon is reportedly getting a $250 million discount on its Yahoo deal, judge rules CRISPR-Cas9 belongs to the Broad Institute and not UC Berkeley, Pixar teaches the art of storytelling on Khan Academy and MakerBot cuts 30% of its workforce. All this on Crunch Report. Read More

  • Layoffs hit Mozilla as it shifts its focus

    Layoffs hit Mozilla as it shifts its focus

    Mozilla’s push to grow beyond browsers hit a major hurdle this week as the Firefox-maker dissolved its Connected Devices initiative, laying off what CNET reports as around 50 people in the process. The nonprofit org confirmed the layoffs with TechCrunch, though won’t comment on specific numbers. The move is a further sign of struggle for Mozilla, whose Firefox browser has seen… Read More

  • VSCO shuts down its New York office

    VSCO shuts down its New York office

    Instagram competitor and visual arts technology company VSCO has closed up shop in New York and laid off all staff, TechCrunch has learned and the company confirmed. The decision was made in order to centralize staff at the company’s Oakland location, its main headquarters. VSCO also has an office in Denver, Co., which was added when it acquired the Denver-based printing shop… Read More

  • Events app maker DoubleDutch downsizes again, lays off 40 percent of staff

    Events app maker DoubleDutch downsizes again, lays off 40 percent of staff

    DoubleDutch, a startup providing mobile apps and analytics for events and conferences is downsizing again. The company has just announced another round of layoffs, affecting roughly 40 percent its workforce, TechCrunch learned and DoubleDutch confirmed. Around 70 positions were eliminated, including those in senior leadership roles. DoubleDutch’s CFO, CCO, VP of Customer Success and… Read More

  • Crunch Report | Medium in the Hot Seat

    CES 2017 kicks off, Vine edges closer to its death, Medium is shifting strategies and streamlining and Netflix’s upcoming Korean TV show. All this on Crunch Report. Read More

  • Medium lays off 50 employees, shuts down New York and D.C. offices

    Medium lays off 50 employees, shuts down New York and D.C. offices

    It’s not the happiest new year at social publishing platform Medium, apparently. According to a blog post from its CEO Ev Williams, also co-founder of Twitter, the well-funded startup is laying off 50 employees in non-engineering roles and shuttering its offices in New York and Washington, D.C. Williams took the rosiest possible angle on changes happening at Medium, titling his… Read More

  • Intel is laying off a major portion of its wearables group

    Intel is laying off a major portion of its wearables group

    Update 11/19: Intel is denying that the company is stepping back from wearables, though has not directly commented on the layoff news. Here is the company’s statement in full, Intel is in no way stepping back from the wearables business. In fact, we have several products in the works that we are very excited about, as well as prior launches that highlight our wearable technology such… Read More

  • Twitter’s sales team is taking a hit in big upcoming layoffs

    Twitter’s sales team is taking a hit in big upcoming layoffs

    Well, now we know why Twitter decided to move its earnings report to before the market opens (when the West Coast will conveniently, largely be asleep). Bloomberg is reporting that the company may cut up to 8% of its staff, or around 300 people, and that the cuts could be announced as soon as this week. As usual these situations are very dynamic, so all of the above could shake out to be… Read More

  • HP plans 3,000 to 4,000 job cuts over the next three years

    HP plans 3,000 to 4,000 job cuts over the next three years

    HP isn’t out of the woods just yet. In an address to this year’s 2016 Securities Analyst Meeting, Dion Weisler, the President and CEO of the newly formed HP Inc., attempted to put a positive spin on a tricky situation. “I’m proud of the progress we have made in our first year as the new HP. Our focus is clear, our execution is solid, and we are positioned well for the… Read More

  • Twitter lays off around 20, shuts down engineering in Bangalore, India

    Twitter lays off around 20, shuts down engineering in Bangalore, India

    Reports may be swirling about Twitter exploring a sale of all or a part of its company, but in the meantime, the social media platform is trimming down internationally. Twitter is shutting down its engineering operations out of Bangalore, India, and it is laying off around 20 engineers in the process, the company confirmed to TechCrunch today. “As part of our normal business review… Read More

  • Sources: Cisco planning 15 percent cost reduction this month

    Sources: Cisco planning 15 percent cost reduction this month

    Sources are telling TechCrunch that Cisco is planning a significant cost reduction this week, which could involve budget cuts and layoffs. We’ve been hearing that the reductions will be announced on August 17th or 18th and that they will be a part of a push to cut costs by 15 percent, with managers given some flexibility around how they implement this. “A cost reduction of 15%… Read More

  • Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge

    Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge

    Following last week’s news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the company announced it would lay off 1,850 staff and take a charge of $950 million, including $200 million in severance payments, as it “streamlines” the business to focus on enterprises and niche areas where it feels it… Read More

  • Intel announces it’s slashing 12,000 jobs

    Intel announces it’s slashing 12,000 jobs

    Intel just announced it was slashing its workforce by 11 percent, calling it in all its corporate press-speak glory “a restructuring to accelerate its transformation.” Sure. What it means in real human terms is that 12,000 people will be losing their jobs worldwide, and that is never a good thing to hear. Read More

  • Local deals site LivingSocial lays off 280, over 50% of staff, outsources customer services

    Local deals site LivingSocial lays off 280, over 50% of staff, outsources customer services

    More bad news for LivingSocial, the beleaguered commerce platform that competes with the likes of Groupon in offering deals on events and services local to its users. Today, LivingSocial announced that it would lay off 160 employees, and over the next two months, it will shut down its customer services operations in Tucson, AZ, accounting for a further 120 people — bringing the… Read More

  • Zenefits Is Laying Off Roughly 250 Employees

    Zenefits Is Laying Off Roughly 250 Employees

    Zenefits is laying off around 17 percent of its employees, or 250 people, with the layoffs largely concentrated in the company’s sales division, according to an email sent to the company by CEO David Sacks. “When I became CEO of Zenefits, I promised on Day 1 to reset our culture, refocus our strategy on serving small businesses, and create a new beginning for success in the… Read More

  • Yahoo Is Shuttering Several Digital Magazines

    Yahoo Is Shuttering Several Digital Magazines

    Yahoo today said it is shutting down a huge swath of its digital magazines as it rethinks its digital content strategy. A Yahoo spokesperson said Yahoo Tech was not affected by the changes. According to a memo acquired by Capital New York, Yahoo Tech editor in chief Dan Tynan is leaving the company. Capital New York also reported that Yahoo is shuttering its tech vertical and moving some of… Read More

  • Yahoo Downsizes In Latin America, Closes Mexico And Argentina Operations

    Yahoo Downsizes In Latin America, Closes Mexico And Argentina Operations

    Ahead of its Q4 earnings and a bigger restructuring on the cards, Yahoo is downsizing in its regional operations, specifically in Latin America. TechCrunch has learned and confirmed that Yahoo has closed its offices in Mexico City and Buenos Aires, Argentina. It’s not pulling out of Latin America altogether: the company is keeping teams in Sao Paulo, Brazil and Coral Gables… Read More

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