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Layoffs Tracker/Feed

ClassPass CEO Fritz Lanman. ClassPass, a fitness subscription startup, has said it would cut its headcount by more than half after a 95% revenue dip.

Photo by Steve Jennings/Getty Images for TechCrunch, under Creative Commons license

It's no new finding that many companies have been hit hard by lockdowns and movement limitations enacted to contain the coronavirus pandemic, and the tech industry has been no exception. Enacted lockdowns and movement curtailments mean companies whose business centers on day-to-day activities such as transport, travel, and retail have been seriously affected. To contain business slowdowns, companies have had to resort to sizeable layoffs and furloughs. To give a few examples, corporate travel startup TripActions laid off more than 300 persons not too long ago; Kabbage, a SoftBank-backed small business lender recently furloughed the majority of its employees; Fitness startup ClassPass has confirmed that it'll cut slightly more than half of its headcount after a 95% revenue dip. The aforementioned are a few examples but there are actually many more.

Below, we've provided briefs on companies that have laid off or furloughed employees in response to business slowdowns;

  • Latch: Latch, a New York-based smart lock maker, has laid off about 60 people including some persons who had just spent only a few weeks at the company, according to a source.
  • Compass: Compass, a SoftBank-backed real estate company, has cut about 400 jobs, representing roughly 15% of its headcount. The job cuts cut through several departments at the company.
  • Bird: Scooter sharing company Bird laid off slightly more than 400 employees, representing around 30% of its total headcount.
  • Showpad: Chicago-based sales software startup Showpad has laid off more than 50 employees. 
  • RigUp: RigUp, an on-demand services marketplace for the oil and gas sector, has laid off more than 100 employees, about 25% of its total headcount. The Austin, Texas-based company raised $300 million in funding late last year.
  • Thumbtack: Local services marketplace Thumbtack recently laid off 250 employees amidst declining revenues. 
  • Rover: On-demand pet care startup has cut 41% of its total headcount.
  • ZipRecruiter: Hiring marketplace ZipRecruiter has laid off or furloughed 400 of its employees.
  • Textio: Textio, a Seattle-based AI startup, recently laid off 30 employees.
  • Getaround: Peer-to-peer carsharing startup GetAround has let go of about 100 employees and is said to be pursuing a sale amid dwindling revenues.
  • KeepTruckin: On-demand trucking startup KeepTruckin has laid off one-fifth of its workforce. Its founders have also taken pay cuts amid a downturn in its freight volume.
  • Acko: Acko, an Indian online insurance startup, has laid off around 50 employees.
  • Leafly: Cannabis startup Leafly recently dismissed about 90 employees following a previous round of layoffs earlier this year. Altogether, Leafly has cut more than half of its overall headcount this year.
  • SpotHero: Chicago-based parking startup recently laid off an undisclosed number of employees.
  • Oyo Rooms: Indian accommodations startup Oyo Rooms recently let go of 5,000 employees. The real estate sector has been hard hit by the coronavirus pandemic so this doesn't seem so shocking. 
  • Modsy: Interior design startup Modsy has confirmed it has laid off an undisclosed number of employees. The layoffs come less than a year after Modsy nabbed $37 million in Series C funding.
  • Rent the Runway: Clothing rental startup Rent the Runway recently laid off all its retail employees in the U.S. following temporary store closures.
  • DataRobot: AI startup DataRobot has laid off an undisclosed number of its employees.
  • Sonder: Short-term rentals startup Sonder recently laid off 22% of its staff and furloughed an additional 11%. 
  • Wonderschool: Wonderschool, an Andreessen Horowitz-backed child care startup, recently laid off 75% of its staff.
  • Vacasa:  Short-term rentals startup Vacasa has said it would lay off workers across all levels.
  • Knotel: Office rental firm Knotel has cut its workforce by half, laying off 127 and furloughing another 68.
  • Zeus Living: Zeus Living, an Airbnb-backed business travel startup, has reduced its workforce by about 30%.
  • Lyric: Lyric, a rentals startup also backed by Airbnb, has slashed its workforce by 20%.
  • StubHub: Ticketing company StubHub laid off more than 100 people in January.
  • Lola: Lola, a Boston-based travel startup, has laid off more than 30 employees.
  • Zipcar: Car-rentals service Zipcar has laid off one-fifth of its 500 employees.
  • Earnin: Payments startup Earnin has laid off some employees at its San Francisco office. 
  • Toast: Toast, a Boston-based company that develops restaurant management software, has laid off more than 100 employees. Toast is fresh off $400 million in funding that valued the company at close to $5 billion.
  • Kazoo: Austin-based HR tech startup Kazoo has cut more than 30% of its workforce.
  • Clutter: SoftBank-backed storage startup Clutter has laid off an undisclosed number of employees.
  • Wonolo: Blue-collar staffing startup has laid off more than 30 employees.
  • ClimaCell: ClimaCell, a Boston-based weather tech startup, has laid off an undisclosed number of employees.
Other companies that have had job cuts include Catalant, PeerStreet, LogMeIn, The Guild, EZ Cater, Zwift, Salsify, Restaurant365, Cogito, Yonder, Convene, uShip, and Indigo Ag.

Amidst the numerous job cuts, some companies have however pledged they won't cut jobs for the meantime. Among such companies include Salesforce, Visa, PayPal, Guild Education, Palo Alto Networks, FedEx, Morgan Stanley, and Citi Group.





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