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Posts Tagged ‘layoffs’

TripActions reportedly lays off hundreds amid COVID-19 travel freeze

The coronavirus demand crunch has taken another bite: Palo Alto-based corporate travel-focused unicorn, TripActions, reportedly laid off hundreds of staff yesterday. Per this post on Blind — written by someone with a verified TripActions email address — the company fired 350 people. Business Insider reported the same figure yesterday. While the Wall Street Journal said ...

At Wayfair, ~550 workers laid off in ‘Valentine’s Day Massacre’

An estimated 550 people who worked at Wayfair lost their jobs last Thursday, in what has been dubbed Wayfair's 'Valentine's Day Massacre.'

The layoffs included 350 workers at the online shopping firm's Boston headquarters.

“I thought I would be an insider to what was happening — I was completely blind-sided," one former HR employee said.

From Mary Hanbury's ...

Lyft confirms 90 layoffs as it targets profitability

Shares of popular American ride-hailing giant Lyft are off 1.5% today in regular trading after The New York Times reported that the company would cut some staff. TechCrunch confirmed with the company that 90 individuals are expected to be impacted by the changes. The company’s shares dipped as far as 3% before recovering. In a ...

DigitalOcean is laying off staff, sources say 30-50 affected

After appointing a new CEO and CFO last summer, cloud infrastructure provider DigitalOcean is embarking on a wider reorganisation: the startup has announced a round of layoffs, with potentially between 30 and 50 people affected. DigitalOcean has confirmed the news with the following statement: “DigitalOcean recently announced a restructuring to better align its teams to its ...

Tech layoffs rise as cost-cutting comes into vogue

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today, we’re taking digging into two trends: recent layoffs at various domestic unicorns and secondly, how those layoffs match a recent uptick in austerity across the technology industry itself. It seems that some belt tightening ...

Lyft is ceasing scooter operations in six cities and laying off 20 employees

In an industry where unit economics and rider utilization are key to running a profitable business, perhaps it’s better to cut your losses early on. Lyft notified employees today that it’s pulling its scooters from six markets: Nashville, San Antonio, Atlanta, the Phoenix area, Dallas and Columbus. “We’re choosing to focus on the markets where ...

Uber lays off another ~350 across Eats, self-driving and other departments

Uber has just laid off around 350 employees across a variety of teams within the organization, marking what the company says is its third and final phase of layoffs of the process it began earlier this year, Uber CEO Dara Khosrowshahi said to employees today in an email obtained by TechCrunch (full email below). Those ...

Uber lays off 400 as cost-cutting efforts ramp up

Uber is laying off about 25% of its 1,200-person strong marketing department in an effort to slash costs and make operations more efficient following its public debut and first quarter losses of $1 billion. The layoffs were first reported by The New York Times. About 400 people in Uber’s marketing department were laid off across ...

HQ Trivia lays off ~20% as it preps subscriptions

HQ Trivia is struggling after a mutiny failed to oust its CEO. Downloads per month are down 92% versus last June according to Sensor Tower. And now four sources confirm that HQ laid off staff members this week. One said about 20% of staff was let go, and another said six to seven employees were ...

Maker Faire halts operations and lays off all staff

Financial troubles have forced Maker Media, the company behind crafting publication MAKE: magazine as well as the science and art festival Maker Faire, to lay off its entire staff of 22 and pause all operations. TechCrunch was tipped off to Maker Media’s unfortunate situation which was then confirmed by the company’s founder and CEO Dale ...