Layoffs

Singapore-based e-commerce platform Carousell lays off 10% of staff

Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs

BloomTech, previously Lambda School, cuts half of staff

A little over a year after buzzy coding bootcamp Lambda School rebranded as Bloom Institute of Technology, the venture-backed startup is conducting massive layoffs, according to sources. The workforce

Frequent conflict is a new requirement for startup leaders

Leadership coach Karla Monterroso talks about layoffs, conflict and management amid a downturn.

Crypto exchange Kraken cuts 1,100 jobs

Crypto exchange Kraken today announced it’s letting go of 1,100 staffers. The announcement came from a company blog post and follows similar news from DoorDash that it was also cutting staff. N

DoorDash lays off 1,250 employees to rein in operating expenses

DoorDash is laying off 1,250 people in an effort to rein in costs, the company’s CEO Tony Xu said in a message to employees on Wednesday. Xu’s message notes that the pandemic presented unp

Lyst, the UK fashion marketplace, is laying off 25% of staff

Lyst, the U.K. fashion e-commerce site that last year raised funding at a $700 million valuation, is the latest tech startup to rein in spending by cutting staff. TechCrunch has learned that the compa

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.
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