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Jun 18, 2024 · Layoffs | TechCrunch. From nascent startups to established companies, tech layoffs are a reality of the business world. But during the past couple of years, layoffs have increasingly hit the...
- Malwarebytes Lays Off 100 Employees Ahead of Business Split
Malwarebytes CEO Marcin Kleczynski confirmed to TechCrunch...
- Highest ROI Opportunities
Satellite imagery company Planet announced on Tuesday that...
- Indian Upskilling Platform Skill-Lync Cuts 20% Jobs To
Skill-Lync, an Indian startup offering upskilling programs,...
- Malwarebytes Lays Off 100 Employees Ahead of Business Split
Jun 3, 2022 · We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, more than 15,000 tech workers have lost their jobs this month. Hopefully the sun will come out in June.
- 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 ...
Jan 31, 2024 · Tech layoffs scale to three-quarter high. In its most recent quarter, Microsoft reported $62 billion worth of revenue, $27 billion worth of operating income, and $21.9 billion worth of net...
Jan 21, 2023 · The tech industry added jobs in droves during the pandemic, when it expected consumers to remain online even after COVID waned. Now those firms are laying off thousands of employees, even as...
Jun 16, 2022 · Both public and private tech companies have issued layoffs, from streaming behemoths like Netflix to high-flying startups like Bolt. Just this week, cryptocurrency exchange Coinbase said that it will lay off 18% of its workforce, or around 1,100 people, only a year or so after going public.
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Jan 30, 2024 · Technology publisher TechCrunch laid off around eight staff members Monday, part of a larger restructuring at the title as it seeks to refocus its coverage around the investors, founders and...
