Meta Foresees Layoffs

October 7, 2022

The cause for Facebook’s quiet layoff is underperformance. In a media report, around 15% or 12,000 employees could be losing their jobs between now and the 2023 second quarter earnings call.

Besides the hiring freeze across the board, Mark Zuckerberg, Meta’s CEO, says the company is facing its “worst downturns that we’ve seen in recent history,” and that “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”

The company is anticipating massive downsizing in the pipeline according to Bloomberg Reports.

Meta’s stock price went up to about $380 per share, but went to a steep 60% nosedive in the last year.

“Our plan is to steadily reduce headcount growth over the next year. Many teams are going to shrink so we can shift energy to other areas.”

Apart from the self-selection, Meta’s staff trimming approach is to put underperforming employees on traditional 30 to 60 day ‘lists’ to find a new role within the company or leave altogether.

In late September, Zuckerberg also stated that Meta will be reducing budgets and that teams will have to figure out how to operate with leaner staff.

Layoffs in tech, crypto and financial firms

Massive layoffs are happening in technology companies, crypto exchanges and financial firms. Job cuts and hiring freezes rise as the world experiences an economic downturn due to high interest rates, severe inflation and an energy crisis in Europe. More than 42,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022, according to a Crunchbase News tally. As of 30-September, 2022:

Company	No. of reported layoffs	% workforce impacted	Announced/reported date	Industry	HQ	Source	Company Status	Notes
DocuSign	Unclear	9%	9/28/2022	e-signature	San Francisco	CNBC	Public
Divvy Homes	40	12%	9/27/2022	PropTech	San Franicsco	The Information	Private
Instacart	Unclear	Unclear	9/24/2022	delivery, e-commerce	San Francisco	The Information	Private
Pesto	Unclear	100%	9/23/2022	IT, future of work	San Francisco	Pesto announcement	Private	The layoffs were as a result of the company closing
Foxtrot	26	4%	9/23/2022	food and beverage, e-commerce	Chicago	Chicago Business	Private
Klarna	Unclear	Unclear	9/22/2022	Fintech	Stockholm	Sifted	Private	It’s unclear how much of Klarna’s U.S.-based workforce was affected by the global layoffs in May. The company reportedly laid off around 650 employees total, representing about 10% of its total workforce. Klarna laid off an additional 100 people in September.
Kitty Hawk	Unclear	100%	9/21/2022	aerospace	Mountain View	CNBC	Private	The company announced it would shutter
Compass	Unclear	Unclear	9/20/2022	Proptech	New York	Bloomberg	Public
Curative	109	Unclear	9/20/2022	health diagnostics	Los Angeles	Digital Health	Private
VideoAmp	Unclear	2%	9/19/2022	Advertising platforms	Los Angeles	Company memo	Private
DayTwo	Unclear	Unclear	9/15/2022	Health care, nutrition	Walnut Creek, CA	Calcalistech	Private
LivePerson	Unclear	Unclear	9/15/2022	Customer service	New York	LinkedIn	Public
WorkRamp	Unclear	Unclear	9/15/2022	Saas, enterprise software	San Carlos, CA	LinkedIn	Private
Netflix	480	Unclear	9/14/2022	Media/entertainment	Los Gatos	Deadline	Public	First round of cuts in May affected around 150 employees, second round affected about 300. The most recent funding round cut 30 people.
Twilio	800	11%	9/14/2022	Enterprise Software	San Francisco	TechCrunch	Public
Patreon	80	17%	9/13/2022	Social media	San Francisco	The Information	Private
Taboola	Unclear	6%	9/13/2022	Content marketing	New York	Calcalistech	Public	The company laid off over 100 people, per Calcalist
Sundae	Unclear	Unclear	9/13/2022	PropTech	San Francisco	Confirmed by CB News from sources	Private
Rent the Runway	Unclear	24%	9/12/2022	e-commerce, retail	New York	Wall Street Journal	Public
Karbon	Unclear	23%	9/12/2022	Productivity, task management	San Francisco	Stuart McLeod, CEO of Karbon	Private
Sama	Unclear	Unclear	9/12/2022	AI, enterprise software	San Francisco	Sama	Private
DreamBox Learning	Unclear	Unclear	9/9/2022	EdTech	Seattle	Geekwire	Private
CommonBond	Unclear	100%	9/9/2022	FinTech, loan repayments	New York	David Klein, CEO of CommonBond	Private
Flowhub	Unclear	15%	9/9/2022	Cannabis	Dever	Business Insider	Private
FullStory	Unclear	Unclear	9/8/2022	SaaS, data	Atlanta	Scott Voigt, CEO of FullStory	Private
realtor.com	Unclear	Unclear	9/8/2022	Proptech	Santa Clara, CA	SFGate	Private
BigBear.ai	Unclear	7%	9/8/2022	data analytics, national defense	Columbia, MD	Baltimore Business Journal	Public
Medly Pharmacy	Unclear	50%	9/7/2022	Pharmacy, health care	New York	Crain’s New York	Private
Brave Care	40	33%	9/6/2022	Pediatrics, telehealth	Portland	The Oregonian	Private	The Orgeonian reported roughly 40 people have been laid off
Medium	Unclear	25%	9/6/2022	Publishing	San Francisco	Lauren Newton, Head of People at Medium	Private
Juniper Square	Unclear	14%	9/6/2022	Proptech	San Francisco	The Real Deal	Private
Innovaccer	120	8%	9/1/2022	Cloud Infrastructure, health care	San Francisco	Inc42	Private
The Wing	Unclear	100%	8/31/2022	Coworking	New York	The Information	Private
Snap	1280	20%	8/31/2022	Social media	Venice, CA	The Verge	Public
GoodRx	140	16%	8/31/2022	Health care, pharmaceuticals	Los Angeles	Seeking Alpha	Public
Apartment List	Unclear	10%	8/31/2022	Proptech	San Francisco	CEO Matthew Woods	Private
Nate	30	Unclear	8/30/2022	E-commerce	New York	The Information	Private	Nate reportedly had two layoffs. In June, the company laid of 30 people, or 20% of the company at the time.
Skillz	Unclear	Unclear	8/29/2022	Mobile Apps, Gaming	San Francisco	Seeking Alpha	Public
Fungible	Unclear	Unclear	8/29/2022	cryptocurrency	Santa Clara, CA	Blocks & Files	Private
Okta	24	Unclear	8/26/2022	Enterprise software, Management information systems	San Francisco	Unleash	Public
Argyle	20	7%	8/26/2022	InsurTech	New York	TechCrunch	Private
FreshDirect	40	Unclear	8/25/2022	Food delivery, ecommerce	The Bronx, NY	Philadelphia Business Journal	Private
impact.com	Unclear	10%	8/25/2022	Digital marketing	Santa Barbara, CA	impact.com	Private
ShipBob	Unclear	7%	8/25/2022	Shipping, Logistics	Chicago	Business Insider	Private
Pix	Unclear	Unclear	8/24/2022	Foodtech	Napa, CA	San Francisco Chronicle	Private
Reali	140	100%	8/24/2022	PropTech	San Mateo, CA	Calcalistech	Private
DataRobot		26%	8/23/2022	AI, enterprise software	Boston	The Information	Private
Amperity	13	3%	8/20/2022	Saas, analytics	Seattle	Geekwire	Private	The startup laid off its recruting staff
Wayfair	870	Unclear	8/19/2022	E-commerce, retail	Boston	Boston Globe	Public
Stripe	50	Unclear	8/19/2022	Fintech	San Francisco	TechCrunch	Private
Thirty Madison	Unclear	10%	8/18/2022	health care, wellness	Greater New York area	Fierce Healthcare	Private	Axios reported in May the company laid off roughly 3% of its staff, which amounted to 24 people at the time
New Relic	110	5%	8/18/2022	productivity, enterprise software	Bay Area, CA	MarketWatch	Private
Tempo Automation	54	Unclear	8/17/2022	automotive	San Francisco	San Francisco Business Times	Private
Malwarebytes	125	14%	8/17/2022	security, enterprise software	San Francisco	TechCrunch	Private
Edmodo	Unclear	100%	8/16/2022	Edtech	San Mateo, CA	EdSurge	Private
Woven	5	15%	8/16/2022	Artificial intelligence, recruiting	Indianapolis	AdAge	Private
Blend	Unclear	25%	8/15/2022	Fintech, proptech	San Francisco	HousingWire	Public
ThredUp	Unclear	15%	8/15/2022	E-commerce, fashion	Oakland, CA	Retail Dive	Public
Sema4	250	13%	8/15/2022	AI, health care	Stamford, CT	Sema4	Public
Almanac	Unclear	30%	8/13/2022	Collaboration, productivity	San Francisco	LinkedIn	Private
Orbit	Unclear	Unclear	8/12/2022	Productivity software	San Francisco	Orbit CEO Patrick Woods	Private	Orbit CEO Patrick Woods announced at least 14 people have been laid off
Core Scientific	Unclear	10%	8/12/2022	Blockchain, cryptocurrency	Austin	Blockworks	Public
TruePill	175	33%	8/11/2022	pharmaceutical, health care	Hayward, CA	TechCrunch	Private
GoHealth	800	20%	8/11/2022	health care, health insurance	Chicago	Chicago Sun Times	Public
Homeward	120	20%	8/11/2022	Real Estate, PropTech	Austin	The Real Deal	Private
Calm	90	20%	8/11/2022	personal health, wellness	San Francisco	Wall Street Journal	Private
Nutanix	270	4%	8/10/2022	data center, enterprise software	San Jose	SFGate	Public
Sweetgreen	Unclear	5%	8/9/2022	food and beverage, restaurants	Washington, DC	CNBC	Public
Vroom	647	Unclear	8/8/2022	Auto, E-commerce	New York	Automotive News	Public	In May, the company cut 270 jobs, or 14% of its workforce. Vroom announced in August in laid off an additional 337 people.
Warby Parker	63	Unclear	8/8/2022	Ecommerce, Fashion	New York City	Insider	Public
DataRobot	Unclear	Unclear	8/8/2022	Artificial Intelligence	Boston	Boston Globe	Private	In May, the Information reported the company would lay off 70 people, or 7% of its staff. In August, The Boston Globe said the startup would cut more staff.
Haus	Unclear	100%	8/8/2022	food and beverage	Healdsburg, CA	TechCrunch	Private
Groupon	500	15%	8/8/2022	ecommerce, retail	Chicago	TechCrunch	Public	TechCrunch reported the company laid off more than 500 employees
Daily Harvest	Unclear	15%	8/8/2022	Food delivery, ecommerce	New York City	Fortune	Private
iRobot	140	10%	8/5/2022	artificial intelligence, robotics	Bedford, MA	Geekwire	Public
RingCentral	50	Unclear	8/4/2022	SaaS, meeting software	Belmont, CA	San Francisco Business Times	Public
StubHub	Unclear	Unclear	8/4/2022	E-commerce, ticketing	San Francisco	StubHub on LinkedIn	Private	StubHub announced they would be letting go of the majority of their employees on a LinkedIn post
On Deck	73	Unclear	8/4/2022	Networking, business development	San Francisco	TechCrunch	Private
Jam City	Unclear	17%	8/4/2022	Mobile Apps, Gaming	Culver City	VentureBeat	Private	Venture Beat reported around 150 to 200 people were laid off
Beyond Meat	40	Unclear	8/3/2022	Foodtech	Manhattan Beach, CA	Bloomberg	Public
Healthcare.com	149	Unclear	8/3/2022	Insurtech	Miami, FL	Miami Inno	Private
Glossier	104	Unclear	8/2/2022	Beauty	New York	Modern Retail	Private	Glossier laid off 80 people in January. In August a source told Modern Retail it laid off roughly two dozen more people
Nylas	80	Unclear	8/2/2022	Software, Emails, API	San Francisco	Nylas	Private
Latch	115	37%	8/2/2022	PropTech	New York, NY	Latch	Public
Robinhood	1,013	30%	8/2/2022	Fintech	Menlo Park	Robinhood	Public	Around 300 people (9% of the company) were laid off in April. In August, Robinhood let go of around 23%, or 713, employees.
Outreach	Unclear	5%	8/2/2022	Sales Tech	Seattle	LinkedIn	Private	Less than 5% of company was impacted by layoffs.
Oracle	Unclear	Unclear	8/1/2022	SaaS, enterprise software	Austin	The Information	Public	The Information reported thousands of people would be laid off
Imperfect Foods	50	Unclear	8/1/2022	Grocery, e-commerce, delivery service	San Francisco	San Francisco Business Times	Private	The San Francisco Business Times reported about 50 people were laid off
OnlyFans	Unclear	Unclear	8/1/2022	Social media, creator economy	London	Business Insider	Private	OnlyFans is based in the UK but has a sizeable workforce in the US
2U	Unclear	20%	8/1/2022	Edtech	Hyattsville, MD	Inside Higher Ed	Public
Shelf Engine	43	Unclear	7/29/2022	Food Tech, Software, Grocery Tech	Seattle	GeekWire	Private	LinkedIn estimates company had around 150 employees before layoffs.
Metromile	60	20%	7/29/2022	Insurtech, transportation	San Francisco	Crunchbase	Public	Crunchbase reported about 20% of employees were laid off following Lemonade’s acquisition
Career Karma	60	Unclear	7/28/2022	Career planning, social network	San Francisco	TechCrunch	Private	According to TechCrunch, sources said about a third of the staff was let go
Turntide	130	20%	7/28/2022	CleanTech, energy	Sunnyvale, CA	Business Insider	Private	Business Insider estimates around 130 people were laid off
Change.org	Unclear	19%	7/28/2022	CivicTech	San Francisco	Change.org	Private
Rivian	840	6%	7/28/2022	electric vehicle, transportation	Irvine, CA	CNN	Public
Vox Media	39	2%	7/27/2022	Digital media, journalism	Washington, DC	Axios	Private	Axios reported less than 2% of staff were laid off
People.ai	Unclear	Unclear	7/26/2022	AI, Sales	San Francisco	LinkedIn	Private
Shopify	1000	10%	7/26/2022	E-commerce	Ottawa, Canada	WSJ	Public
Outbrain	38	3%	7/26/2022	Digital Marketing	New York	CTech	Public
Pear Therapeutics	25	9%	7/25/2022	Software, Biotech	Boston	MassDevice	Public
Boosted Commerce	Unclear	5%	7/25/2022	E-commerce	Los Angeles	Business Insider	Private
Clarify Health	15	5%	7/22/2022	Health Care	San Francisco	Axios	Private
Capsule	Unclear	Unclear	7/21/2022	Health Care	New York	Crain’s New York	Private
Rad Power Bikes	163	Unclear	7/21/2022	Transporation	Seattle	GeekWire	Private	First round of layoffs was in April, second round in July.
InVision	Unclear	Unclear	7/21/2022	Visual collaboration, Apps	New York	LinkedIn	Private
Hydrow	70	35%	7/21/2022	Fitness	Boston	Boston Globe	Private
Callisto Media	140	35%	7/21/2022	Analytics	Emeryville, California	Publishers Weekly	Private
Lunchbox	Unclear	33%	7/21/2022	Restaurant Tech, Food Tech	New York	Business Insider	Private
WHOOP	Unclear	15%	7/21/2022	Fitness	Boston	Front Office Sports	Private
98point6	Unclear	10%	7/21/2022	Health Care	Seattle	GeekWire	Private
RealSelf	11	5%	7/21/2022	Beauty tech	Seattle	GeekWire	Private
Varo	75	Unclear	7/20/2022	Fintech	San Francisco	Axios	Private
Arc	13	Unclear	7/20/2022	HR Tech	Mountain View	LinkedIn	Private
Flyhomes	150	20%	7/20/2022	Real Estate, PropTech	Seattle	GeekWire	Private	An estimated 150 employees were laid off.
The Mom Project	54	15%	7/20/2022	Talent marketplace	Chicago	LinkedIn	Private
Lyft	60	2%	7/20/2022	Transportation	San Francisco	WSJ	Public
Olive	450	Unclear	7/19/2022	Health Care	Columbus	Olive	Private
Invitae	1000	Unclear	7/18/2022	Health Care, Biotech	San Francisco	GenomeWeb	Public
Elemy	Unclear	Unclear	7/18/2022	Health Care	San Francisco	Behavioral Health Business	Private
TikTok	Unclear	Unclear	7/18/2022	Social Media	Los Angeles	Wired	Private	TikTok is owned by China-based ByteDance, but the layoffs affected staff in the U.S.
Lusha	30	10%	7/18/2022	Sales tech	New York	CTech	Private
Gemini	68	7%	7/18/2022	Crypto	New York	TechCrunch	Private
Vimeo	72	6%	7/18/2022	Media/entertainment	New York	Business Insider	Public	Layoffs affected around 72 employees, based on an estimate of Vimeo’s headcount.
Aspire	23	Unclear	7/15/2022	Marketing tech	San Francisco	Business Insider	Private
Project44	63	5%	7/15/2022	Logistics	Chicago	FreightWaves	Private
Alto Pharmacy	Unclear	Unclear	7/14/2022	Health Care	San Francisco	LinkedIn	Private
OpenSea	Unclear	20%	7/14/2022	Crypto, NFT marketplace	New York	Devin Finzer	Private
Papa	Unclear	15%	7/14/2022	Elder Care	Miami	LinkedIn	Private
ChowNow	100	Unclear	7/13/2022	Restaurant Tech, Food Tech	Playa Visa, California	TechCrunch	Private
100 Thieves	12	Unclear	7/13/2022	eSports, Media	Los Angeles	Dexerto	Private	More than a dozen employees were reportedly laid off.
Nuro	10	Unclear	7/13/2022	Transportation	Mountain View	The Robot Report	Private
Spring	Unclear	Unclear	7/13/2022	E-commerce	San Francisco	Business Insider	Private
Fabric	120	40%	7/13/2022	E-commerce, Logistics	New York	TechCrunch	Private
Tonal	262	35%	7/13/2022	Fitness	San Francisco	CNBC	Private
Microsoft	Unclear	Unclear	7/12/2022	Enterprise Software	Seattle	Crunchbase News reporting	Public
GoPuff	1,950	Unclear	7/12/2022	E-commerce	Philadelphia	Bloomberg, The Information	Private	First round of layoffs was in March, second round was in July.
Adwerx	40	Unclear	7/12/2022	Digital Marketing	Durham, North Carolina	Inman	Private
Hubilo	45	Unclear	7/12/2022	Virtual Events	San Francisco	Inc42	Private
Hopin	380	Unclear	7/11/2022	Virtual Event	London	TechCrunch	Private	Unclear how many U.S.-based employees were affected. First round of layoffs was in February, second round was in July.
SundaySky	24	13%	7/11/2022	Video Conferencing Software	New York	Globes	Private	Layoffs affect employees in the U.S., Israel, and Japan.
Forward	Unclear	5%	7/11/2022	Health Care	San Francisco	Fierce Healthcare	Private
Nextbite	Unclear	Unclear	7/8/2022	Restaurant Tech, Food Tech	Denver	Business Insider	Private
Butler Hospitality	1000	100%	7/8/2022	Hospitality	New York	TechCrunch	Private	Company ceased operations, per reports.
NextRoll	Unclear	3%	7/8/2022	Marketing Tech	San Francisco	Business Insider	Private
Twitter	Unclear	Unclear	7/7/2022	Social Media	San Francisco	WSJ	Public
Cedar	Unclear	24%	7/7/2022	Health Care	New York	Business Insider	Private
Emotive	30	18%	7/7/2022	SMS Marketing	Los Angeles	dot.LA	Private
Next Insurance	150	17%	7/7/2022	InsurTech	Palo Alto	CTech	Private
Argo AI	150	5%	7/7/2022	Transportation	Pittsburgh	TechCrunch	Private
SQream Technologies	30	18%	7/6/2022	Data Analytics	New York	CTech	Private	SQream is based in New York, but most of the employees affected by layoffs are in Israel, accoring to CTech.
Remote	100	9%	7/6/2022	HR Tech	San Francisco	Publico	Private
Bizzabo	120	30%	7/5/2022	Virtual Event	New York	CTech	Private
Outschool	31	18%	7/5/2022	EdTech	San Francisco	TechCrunch	Private
Verbit	80	10%	7/5/2022	Natural Language Processing	New York	CTech	Private
Celsius	150	25%	7/3/2022	Crypto	Hoboken, New Jersey	CTech	Private
LetsGetChecked	Unclear	Unclear	7/2/2022	Health Care	New York	Business Post	Private
Teleport	Unclear	Unclear	7/1/2022	Cloud Infrastructure	Oakland	Teleport	Private
WanderJaunt	85	100%	7/1/2022	PropTech, Real Estate	San Francisco	Short Term Rentalz	Private	Company shut down.
Canoo	58	6%	7/1/2022	Transportation	Torrance, California	Business Insider	Private
Stream		10%-15%	6/30/2022	Communications Infrastructure	Boulder	Pragmatic Engineer	Private
Enjoy	400	18%	6/30/2022	E-commerce, Delivery	Palo Alto	Bloomberg	Public
Abra	12	5%	6/30/2022	Crypto	Mountain View	The Block	Private
Snyk	30	5%	6/30/2022	Cybersecurity	Boston	Snyk	Private
Modsy	Unclear	Unclear	6/29/2022	E-commerce	San Francisco	TechCrunch	Private
Degreed	Unclear	Unclear	6/29/2022	EdTech	Pleasanton, CA	LinkedIn	Private
AvantStay	80	Unclear	6/29/2022	Travel	Los Angeles	Skift	Private
Baton	16	25%	6/29/2022	Transporation, Logistics	San Francisco	Freight Waves	Private
HomeLight	Unclear	19%	6/29/2022	Proptech, Real Estate	San Francisco	The Real Deal	Private
Qumolo	80	19%	6/29/2022	Data storage	Seattle	GeekWire	Private
Substack	13	14%	6/29/2022	Media, Content Creators	San Francisco	New York Times	Private
AppLovin	300	12%	6/29/2022	Mobile Apps, Developer Tools	Palo Alto	Silicon Valley Business Journal	Public
Niantic	85	8%	6/29/2022	Video Games, AR	San Francisco	Bloomberg	Private
Unity	200	4%	6/29/2022	Video Games	San Francisco	WSJ	Public
Sundae	Unclear	15%	6/28/2022	PropTech, Real Estate	San Francisco	Real Trends	Private
Bright Machines	30	8%	6/28/2022	Robotics	San Francisco	CTech	Private
StockX	120	8%	6/28/2022	E-commerce	Detroit	The Information	Private
Cue	170	Unclear	6/27/2022	Health Care	San Diego	GenomeWeb	Public
SafeGraph		25%	6/27/2022	Artificial Intelligence, Machine Learning	San Francisco	SafeGraph	Private
Amount	Unclear	18%	6/27/2022	FinTech	Chicago	TechCrunch	Private
UiPath	210	5%	6/27/2022	Artificial Intelligence	New York	CNBC	Public
Postscript	43	19%	6/26/2022	Marketing Tech, SMS Marketing	San Francisco	Alex Beller	Private
Ethos Life	40	12%	6/24/2022	InsurTech	San Francisco	Coverager	Private
Aura	70	9%	6/24/2022	Cybersecurity	Boston	Bank Info Security	Private
Ro	Unclear	18%	6/23/2022	Health Care	New York	TechCrunch	Private
Esper	Unclear	12%	6/23/2022	DevOps	Seattle	GeekWire	Private
Community	40	Unclear	6/22/2022	Social Media	Los Angeles	Business Insider	Private
MasterClass	156	20%	6/22/2022	Edtech	San Francisco	MasterClass CEO David Rogier	Private	20% of the company was laid off, meaning an estimated 156 employees, per LinkedIn data.
SummerBio	101	100%	6/20/2022	Health Care, Diagnostics	Menlo Park	Bay Area Inno	Private	Company shut down.
Buzzer	Unclear	20%	6/20/2022	Media, Sports	New York	Sportico	Private
Finite State	16	Unclear	6/17/2022	Cybersecurity	Columbus	ColumbusInno	Private
Nayya	16	15%	6/17/2022	Employee Benefits, HR Tech	New York	Crunchbase News reporting	Private	16 people were laid off, according to the company.
Socure	69	13%	6/17/2022	Identity verification	Reno	Forbes	Private
Zumper	45	15%	6/16/2022	PropTech	San Francisco	The Real Deal	Private	Layoffs affected 15 percent of Zumper’s approximately 300-person workforce, per The Real Deal.
JOKR	50	5%	6/16/2022	Food delivery, ecommerce	New York	TechCrunch	Private
Notarize	110	25%	6/15/2022	Legal Tech	Boston	Boston Business Journal	Private
Tonkean	23	23%	6/15/2022	Software	San Francisco	The Marker	Private	Layoffs affected 12 people in the United States, and 11 people in Israel, per The Marker.
Coinbase	1,100	18%	6/14/2022	Crypto	San Francisco	Coinbase	Public
Compass	450	10%	6/14/2022	PropTech	New York	Bloomberg	Public
TIFIN	21	10%	6/14/2022	FinTech	Boulder	Axios	Private
Redfin	470	6%	6/14/2022	PropTech	Seattle	Bloomberg	Public
BlockFi	170	20%	6/13/2022	Crypto	Jersey City	BlockFi	Private	BlockFi’s last known headcount was around 850, so the cuts represent around 170 positions.
DesktopMetal	Unclear	12%	6/13/2022	3D Printing	Burlington, Massachusetts	MarketWatch	Public
Keepe	Unclear	Unclear	6/10/2022	PropTech	Seattle	GeekWire	Private
Liongard	Unclear	Unclear	6/10/2022	IT Infrastructure	Houston	CRN	Private
Homie	122	40%	6/10/2022	PropTech	South Jordan, Utah	TechCrunch, Crunchbase News reporting	Private	Around 100 people were laid off in February. Another 22 people were laid off in June, the company confirmed to Crunchbase News.
Sonder	Unclear	21%	6/10/2022	Hospitality	San Francisco	MarketWatch	Public
Stitch Fix	330	15%	6/10/2022	Ecommerce, Fashion	San Francisco	CNBC	Public
Albert	20	8%	6/10/2022	FinTech	Los Angeles	dot.LA	Private	At least 20 people were laid off from the 250-employee company, per dot.LA
Hologram	80	33%	6/9/2022	IoT	Chicago	Crain’s Chicago Business	Private
OneTrust	950	25%	6/9/2022	Cybersecurity	Atlanta	OneTrust	Private
Jellysmack	Unclear	8%	6/9/2022	Media/Entertainment	New York	Business Insider	Private
Convoy	90	7%	6/9/2022	Logistics	Seattle	GeekWire	Private	Around 90 people were laid off, based on recent estimates of the company’s headcount.
Deep Instinct	Unclear	Unclear	6/8/2022	Cybersecurity	New York	Crunchbase News	Private
TruePill	Unclear	15%	6/8/2022	Health Care	Hayward, California	TruePill	Private
Progrexion	100	Unclear	6/7/2022	FinTech	Salt Lake City	Crunchbase News	Private	At least 100 employees were laid off.
ID.Me	Unclear	Unclear	6/7/2022	Identity verification	McLean, Virginia	Business Insider	Private
Bird	138	23%	6/7/2022	Transporation	Santa Monica	TechCrunch	Public
Sendoso	100	14%	6/6/2022	Marketing Automation	San Francisco	Business Insider	Private
Dutchie	56	8%	6/6/2022	Cannabis	Bend, Oregon	GeekWire	Private
Clubhouse	Unclear	Unclear	6/3/2022	Social Media, Audio	San Francisco	Bloomberg	Private
Superhuman	23	22%	6/3/2022	Email Software	San Francisco	CEO Rahul Vohra	Private
Stord	59	8%	6/3/2022	Logistics	Atlanta	Business Insider	Private
Esme Learning	40	Unclear	6/2/2022	EdTech	Newton, Massachusetts	Esme Learning, Crunchbase News reporting	Private
Eaze	25	Unclear	6/2/2022	Cannabis	San Francisco	Business Insider	Private
Policygenius	170	25%	6/2/2022	InsurTech	New York	TechCrunch	Private
IRL	25	25%	6/2/2022	Social Media	San Francisco	TechCrunch	Private
Sourcepoint	7	13%	6/2/2022	Privacy Tech, Marketing Tech	New York	Crunchbase News reporting	Private	Company did not respond to a request to confirm details of layoffs.
Gemini	Unclear	10%	6/2/2022	Fintech, Crypto	New York	Bloomberg	Private
Carbon Health	250	8%	6/2/2022	Health Care	San Francisco	Carbon Health	Private
Cybereason	100	Unclear	6/1/2022	Cybersecurity	Boston	CTech	Private	Affected employees are in U.S., Israel, and Europe.
Loom	34	14%	6/1/2022	Enterprise Communication	San Francisco	TechCrunch	Private
Side	Unclear	10%	6/1/2022	PropTech	San Francisco	Inman	Private
Cerebal	Unclear	Unclear	5/31/2022	Health Care	San Francisco	Bloomberg	Private	Layoffs will take place by July 1.
Replicated	50	Unclear	5/31/2022	Enterprise Software	Los Angeles	Replicated	Private	Around one third of staff were impacted, per LinkedIn estimates.
Tomo	44	33%	5/31/2022	FinTech, PropTech	Stamford	Business Insider	Private
Playtika	250	6%	5/31/2022	Gaming	Tel Aviv	Globes	Public	Closing studios in London, Montreal, and Los Angeles.
Coterie Insurance	30	20%	5/27/2022	InsurTech	Cincinnati	CincyInno	Private
Terminus	Unclear	15%	5/27/2022	Marketing	Atlanta	LinkedIn	Private
Lacework	200	20%	5/26/2022	Cybersecurity	San Jose	The Information	Private
Bolt	250	33%	5/25/2022	FinTech	San Francisco	Fortune	Private
The Zebra	40	12%	5/24/2022	InsurTech	Austin	Coverager	Private	Around 12% of employees were laid off, per LinkedIn headcount data.
ClickUp	Unclear	7%	5/24/2022	Productivity Tools	San Diego	Protocol	Private
PayPal	83	0.27%	5/23/2022	Fintech	San Jose	The Information	Public
Colossus	97	Unclear	5/20/2022	Solar, Software	Massachusetts	Axios	Private
Outside Inc	Unclear	15%	5/20/2022	Media/entertainment	Boulder	Denver Business Journal	Private
Skillz	70	10%	5/20/2022	Esports/Video Games	San Francisco	TechCrunch	Public
Talkdesk	Unclear	Unclear	5/19/2022	Customer service	San Francisco	Confirmed by CB News from source	Private	Sources say hundreds of employees have been laid off
Picsart	90	8%	5/17/2022	Media/entertainment	Miami	The Information	Private
Zulily	99	10%	5/16/2022	E-commerce	Seattle	GeekWire	Public	Less than 10% and fewer than 100 employees were laid off.
Subspace	Unclear	100%	5/13/2022	Media/entertainment	Los Angeles	LinkedIn	Private	Company shut down.
Latch	30	6%	5/13/2022	Smart Home, Security	New York	TechCrunch	Public
Thirty Madison	24	3%	5/13/2022	Health Care	New York	Axios	Private	Per Axios, 22 of the employees laid off were from Thirty Madison, and two were from new parent company Nurx.
Zwift	Unclear	Unclear	5/12/2022	Fitness	Long Beach	DC Rainmaker	Private
Tripwire	Unclear	Unclear	5/12/2022	Security	Portland	OregonLive	Private
Section4	32	25%	5/12/2022	Edtech	New York	TechCrunch	Private
Doma	310	15%	5/10/2022	Fintech, InsurTech	San Francisco	HousingWire	Public
Carvana	2,500	12%	5/10/2022	Automotive, Ecommerce	Tempe	WSJ	Public
Mural	Unclear	Unclear	5/6/2022	Product Design	San Francisco	Protocol	Private
Reef	750	5%	5/6/2022	Food delivery, ecommerce	Miami	The Information	Private
On Deck	72	25%	5/5/2022	Business development	San Francisco	TechCrunch	Private
MainStreet	50	33%	5/4/2022	Fintech	San Jose	Insider	Private	Around 50 people were laid off.
Ideoclick	40	33%	5/4/2022	E-commerce	Seattle	Puget Sound Business Journal	Private
Cameo	80	25%	5/4/2022	Media/entertainment	Chicago	The Information	Private
Vise	25	25%	5/4/2022	Fintech	New York	CityWire	Private
Thrasio	Unclear	Unclear	5/2/2022	E-commerce	Walpole, MA	Insider	Private
Noom	495	25%	4/29/2022	Fitness/Digital Health	New York	Insider	Private
Clyde	19	Unclear	4/25/2022	E-commerce	New York	External Spreadsheet	Private	At least 19 people were laid off
Better	5,000	50%	4/19/2022	Fintech	New York	TechCrunch	Private	Better.com laid off around 5,000 people in three rounds of layoffs over the course of five months. It had around 10,000 employees in December and has fewer than 5,000 now, per TechCrunch.
Blend	200	10%	4/19/2022	Fintech	San Francisco	HousingWire	Public
Automox	Unclear	11%	4/18/2022	Security	Boulder	LinkedIn	Private
Halcyon Health	Unclear	Unclear	4/15/2022	Health Care	New York	Axios	Private	Company shut down
Ahead	Unclear	Unclear	4/14/2022	Health Care	Santa Clara	Bloomberg	Private	Company shut down
Food52	20	6%	4/8/2022	Media, E-commerce	New York	Digiday	Private
Workrise	Unclear	Unclear	4/5/2022	Marketplace	Austin	TechCrunch	Private
Fast	400	100%	4/5/2022	Fintech	San Francisco	The Information	Private	Company shut down, and at least 400 people were laid off, per estimates of Fast’s headcount
Rasa	59	40%	4/4/2022	Artificial Intelligence	San Francisco	Business Insider	Private	Rasa was founded in Berlin but moved its headquarters to San Francisco in 2019. Layoffs affected employees in the U.S., Germany, and U.K.
Grove Collaborative	Unclear	17%	3/29/2022	E-commerce	San Francisco	Retail Dive	Private
Curology	150	20%	3/16/2022	E-commerce	San Francisco	SF Business Times	Private
Knock	Unclear	46%	3/15/2022	Proptech	New York	The Real Deal	Private
Sezzle	Unclear	20%	3/10/2022	Fintech	Minneapolis	Reuters	Public	20% of staff in North America
Hyperscience	100	25%	3/3/2022	AI	New York	The Information	Private
Virgin Hyperloop	111	50%	2/22/2022	Transporation	Los Angeles	Fortune	Private
Peloton	3,584	Unclear	2/12/2022	Fitness	New York	CNBC	Public	In February, Peloton laid off 2,800 employees, which was 20% of the company
Rhino	57	20%	2/3/2022	PropTech, InsurTech	New York	The Real Deal	Private
Beachbody	70	10%	1/27/2022	Fitness	Santa Monica	Club Industry	Public
Root Insurance	330	20%	1/21/2022	InsurTech	Columbus	Columbus Dispatch	Public

The second half of 2022 has been tough. Tech giants are not immune in these uncertain times.