Layoffs

Fandom lays off employees across Giant Bomb, GameSpot and Metacritic

Entertainment company Fandom has laid off an unspecified number of employees across multiple properties, including Giant Bomb, GameSpot and Metacritic. These properties are mainly focused on publishin

Indian food delivery giant Swiggy to cut 380 jobs

Swiggy plans to lay off 380 jobs and shut down its meat marketplace as the Prosus Venture and SoftBank-backed Indian food delivery giant looks to navigate the market downturn that has forced firms to

Amazon ends charity donation program AmazonSmile

Just a few days after announcing a significant round of layoffs that will impact 18,000 employees, Amazon is trying to find money wherever it can as the company announced that it would end AmazonSmile

Sophos to lay off 450 employees globally

Sophos is laying off about 10% of its global workforce, TechCrunch has learned. Sophos confirmed the layoffs in an email to TechCrunch. “Sophos today announced an internal restructuring which ha

Microsoft announces 10,000 job cuts, nearly 5% of its global workforce

Microsoft today announced details of a much-rumored round of layoffs, confirming in a filing with the Securities and Exchange Commission (SEC) that 10,000 employees will be impacted as part of &#8220

Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting

GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with a funding crunch after the existing and prospective investors found that the founders had misstated facts

Clearco co-founder Michele Romanow steps down, cuts 30% of staff

In pursuit of profits, Clearco co-founder Michele Romanow has stepped down as chief executive of the company around a year after assuming the official role. The shift comes alongside yet another round

Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than

News aggregator SmartNews lays off 40% of US and China staff, with further reductions planned in Japan

SmartNews, a Tokyo-headquartered news aggregation website and app valued at $2 billion as of 2021, today announced a 40% reduction of its U.S. and China workforce, or around 120 people, according to s

Crime-reporting app Citizen lays off 33 employees

Citizen laid off 33 staff members on Wednesday, the company confirmed to TechCrunch. “We are grateful to all of our departing team members for their contributions to Citizen and are committed to sup

Alphabet robotics division Intrinsic hit with layoffs

It’s a new year, but the industry’s struggles are showing no signs of abating. Big firms are as susceptible — if not more so. This week, Alphabet joined the growing list of tech giants makin

Greenlight, kids-focused fintech startup, lays off 104 employees to optimize expenses

Greenlight, a fintech startup offering debit cards to kids, has laid off 104 employees — or over 21% of its total headcount of 485 employees — to “better align with ongoing operating expense

Career Karma’s latest layoff underscores edtech’s new challenge

Learning navigation platform Career Karma has laid off another 22 people across its global and domestic workforce, less than five months after it cut 60 staff members, according to sources. CEO and co

DirecTV is the latest pay-TV company to lay off staff amid the ongoing shift to streaming

DirecTV plans to lay off approximately 10% of its management staff, a spokesperson confirmed to TechCrunch. The layoffs will be in effect next Friday, January 20. The staff reduction comes as DirecTV,

Carta lays off 10% as CTO lawsuit looms

Carta, an equity management platform that was last privately valued at $7.4 billion, has cut 10% of its staff, confirming earlier rumors that a workforce reduction was going to happen. Judging by Link

Coinbase to cut 20% jobs, abandon ‘several’ projects to weather downturns in crypto market

Coinbase plans to cut 950 jobs, or about 20% of its workforce, and shut down “several” projects as the U.S. crypto exchange giant looks to reduce its expenses to increase its “chance

NFT marketplace SuperRare cuts 30% of staff

The NFT marketplace SuperRare is cutting 30% of its staff, according to a Slack message from CEO John Crain. Crain posted a screenshot of the message on Twitter. I have some tough news to share: pic.t

CES, NYE, SBF and FTX. Lol.

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. To start off the year, we are welcoming Rebecca Szkutak as a r

Amazon to cut 18,000 jobs as tech layoffs continue

Amazon has announced that it will be “eliminating” more than 18,000 roles at the company, extending a previously announced round of layoffs that was set to impact some 10,000 workers. The

Burned by layoffs, tech workers are rethinking risk

Tech isn’t as collegial as it used to be. Rocket ships are being unveiled as sputtering messes, mission-driven startups don’t feel so mission oriented when responding to investor pressure, and wid
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