Layoffs
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 tech sector, with impacts felt by workers across all industries and regions. In 2023 alone, more than 260,000 tech workers lost their jobs, with more than 80,000 already laid off in 2024.
Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple…
Loop, the car insurance company co-founded by Harlem Capital co-founder John Henry, has laid off staff as the company struggles with fundraising. Henry took to Instagram to post the email…
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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 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the…
Layoffs Got You Down? Get a Half-Price Expo+ Pass at Disrupt 2024
Layoffs are tough. This year alone, we’ve already seen 60,000 job cuts across 254 companies according to layoffs.fyi. Looking for ways to grow your network can be even harder during…
Revel to lay off 1,000 staff ride-hail drivers, saying they’d rather be contractors anyway
New York-based Revel has made a lot of pivots since initially launching in 2018 as a dockless e-moped sharing service. The BlackRock-backed startup briefly stepped into the e-bike subscription business.…
Welcome to Elon Musk’s X. The social network formerly known as Twitter where the rules are made up and the check marks don’t matter. Or do they? The Tesla and…
SoftBank-backed grocery startup Oda lays off 150, resets focus on Norway and Sweden
It’s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to…
Fisker cuts hundreds of workers in bid to keep EV startup alive
Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers…
Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this…
Foursquare, the location-focused outfit that in 2020 merged with Factual, another location-focused outfit, is joining the parade of companies to make cuts to one of its biggest cost centers –…
Food supply chain software maker Silo lays off ~30% of staff amid M&A discussions
Silo, a Bay Area food supply chain startup, has hit a rough patch. TechCrunch has learned that the company on Tuesday laid off roughly 30% of its staff, or north…
Paytm, a leading financial services firm in India, said its net loss widened in the fourth quarter as it grappled with a regulatory clampdown.
SeekOut, a recruiting startup last valued at $1.2 billion, lays off 30% of its workforce
The company says it’s refocusing and prioritizing fewer initiatives that will have the biggest impact on customers and add value to the business.
Motional cut about 550 employees, around 40%, in recent restructuring, sources say
Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company. Earlier this week, TechCrunch reported…
Tesla’s profitable Supercharger network is in limbo after Musk axed the entire team
Here’s what one insider said happened in the days leading up to the layoffs.
Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a…
The new job cuts come over a year after the company cut about 4% of its headcount in February last year.
Peloton to lay off 400 employees as CEO Barry McCarthy departs
Peloton, the exercise equipment maker, said it is laying off 15% of its workforce as part of cost-cutting measures.
Google lays off staff from Flutter, Dart and Python teams weeks before its developer conference
Google told TechCrunch that Flutter will have new updates to share at I/O this year.
A tech-wide reckoning that began in 2022 and ran throughout into 2023. Though 2024 has gotten off to a rough start, it has yet to reach the peak of the…
Elon Musk guts Tesla’s charging team after winning over major automakers
Tesla has gutted its charging team in a new round of layoffs, despite recently winning over major automakers like Ford and General Motors and making its connector the de facto…
EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to…
Indian ride-hailing giant Ola cuts 180 jobs in profitability push
India’s Ola has let go its chief executive, Hemant Bakshi, just four months after appointing him to the post, and is cutting about 180 jobs.
TikTok faces a ban in the US, Tesla profits drop and healthcare data leaks
Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering this week’s noteworthy happenings in tech. TikTok’s fate in the U.S. looks uncertain after President Joe Biden signed a…
Defense startup True Anomaly lays off around 25%, cancels summer internship
Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned.
Fisker plans more layoffs as cash dwindles and bankruptcy looms
Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to…
TechCrunch Minute: Tesla’s Cybertruck recall, layoffs set the stage for its Q1 earnings
Tesla is not having a good start to the week. In its defense, it didn’t have a very good end to last week, either. Today the news is that recent…
Tesla layoffs, Cybertruck recalls and Serve Robotics goes public
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend…
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. After…
TechCrunch Minute: Why Tesla’s big layoffs happened, and what comes next
Tesla’s layoffs and executive departures took a bite out of its share price this week. The well-known electric vehicle company shed around 10% of its staff, impacting an estimated 14,000…
