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May 18, 2023 · From major layoffs at Tesla, Amazon and Microsoft to small fintech startups and apps. The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022...
- Layoffs
A comprehensive list of 2024 tech layoffs. The tech layoff...
- tech layoffs
The tech layoff wave is still going strong in 2024....
- Layoffs
- Vtex
- PayPal
- Getir
- Gorillas
- Latch
- Snap
- Klarna
- Bolt
- Instacart
On Thursday, the enterprise e-commerce platform Vtex announced that it would lay off 193 employees, who make up about 13%of the Brazilian unicorn’s team. “The world changes fast and we need to adapt,” founders and co-CEOs Geraldo Thomaz and Mariano Gomide de Faria wrote in a letter to employees. “The decision to reduce our workforce was taken as a ...
PayPal laid off dozens of employees from its San Jose headquarters, filings show. As first reported by The Informationand later confirmed by TechCrunch, the layoffs impacted 83 employees. This is a very small fraction of PayPal staff, which counts over 30,000 staff. PayPal’s layoffs, while just now coming to the surface, were conducted around a wee...
Getir — the $12 billion quick commerce startup — is cutting 14% of its staffglobally. It’s been estimated that the Turkish company employs around 32,000 people in nine markets, which means these layoffs will impact about 4,480 people. The company also said it will slow hiring, marketing investments and promotions (not the HR kind, the coupon-for-hu...
A rival to Getir, Gorillasalso weathered a rough week of layoffs, dismissing about half of staff in its Berlin HQ. The instant grocery delivery company raised nearly $1 billion dollars at a $3 billion valuation justseven months ago, but this week, laid off about 300 employees. The company is also pulling out of markets in Italy, Spain, Denmark and ...
Latch, a proptech smart lock company that raised $152 million in known private capital before debuting on the stock market through a SPAC last year, is conducting another round of layoffs.Earlier this month, the startup cut 30 people, or 6% of its total staff, per an email obtained by TechCrunch. Now, as confirmed by a late Friday press release, La...
What’s worse: missing your revenue goals, or filing with the SEC ahead of time to say that you’re going to miss your revenue goals? That’s what Snap did this week, noting in an 8-Kfiling that it expects Q2 2022 revenue and adjusted EBITDA to fall below its expectations. CEO Evan Spiegel addressed Snap in a company memo, obtained by TechCrunch. Cons...
Buy now, pay later company Klarna was hit with two significant bits of bad news this week. First, The Wall Street Journal reported that it’s cutting its valuation to raise new venture capital, which isn’t a great look for a company that has already raised over $3 billion. This news comes a little less than a year after the Swedish fintech giant rai...
One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say. CEO Maju Kuruvilla confirmed the workforce reduction in a blog postbut did not say how many people were impacted or what roles were targeted. “It’s no secret that the market conditions across our industry an...
Instacart, a grocery delivery company that saw demand for its service skyrocket amid the pandemic, is slowing down hiring. As first reported by the NY Postand confirmed by TechCrunch. “We hired more than 1,500 people over the last year and nearly doubled the size of our engineering teams. As part of our second half planning, we’re slowing down our ...
Jun 14, 2024 · A comprehensive list of 2024 tech layoffs. The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000...
May 1, 2024 · The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to ...
Jan 30, 2024 · The layoffs at TechCrunch affected eight staff members and were split equally between editorial and business operations, according to two people familiar with the situation.
Jun 3, 2022 · This week, we’ll continue our round-up of layoffs in tech, but we’re not stopping there; we extracted a few common themes from the workforce reductions, especially focusing on nuances that may...
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Jun 4, 2024 · Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of...
