hootsuite Hootsuite Cuts 30% of Staff in Push for Financial Sustainability Social media marketing company Hootsuite reduces its workforce by nearly a third as CEO Tom Keiser prioritizes efficiency and growth. The layoffs affect approximately 400 employees, though the company provides few details about severance or strategic changes.
microsoft Microsoft Lays Off Consumer R&D Group in Ongoing Cost Cuts Microsoft cuts staff from its Modern Life Experiences group, the consumer-focused R&D team behind apps like Family Safety and Money in Excel. The exact number of affected employees remains undisclosed.
irobot iRobot Slashes 10% of Workforce Amid Amazon Acquisition News iRobot announces a restructuring plan that eliminates 140 jobs, cutting 10% of its global staff. The company insists the layoffs are completely separate from its recent Amazon acquisition announcement.
microsoft Microsoft Trims Consumer Research Unit in Latest Layoff Round Microsoft lays off an undisclosed number of employees in its Modern Life Experiences group, a team responsible for consumer-focused projects like Money in Excel and Family Safety apps.
hootsuite Hootsuite Cuts 30% of Staff in Pursuit of Financial Sustainability Social media marketing company Hootsuite reduces its workforce by roughly 400 employees as its CEO aims to refocus the business. The Vancouver-based firm provides no details on severance or specific strategic changes.
cybersecurity Cybersecurity Funding Bubble Deflates as Investments and Valuations Drop After a record-shattering 2021, the cybersecurity startup market experiences a significant cooldown in 2022 with declining funding, lower valuations, and unexpected layoffs.
amazon Amazon Acquires iRobot as Bolt Mobility Abruptly Vanishes TechCrunch's top stories this week include Amazon's $1.7 billion purchase of iRobot and the sudden disappearance of Bolt Mobility's scooter fleets. Meanwhile, Y Combinator scales back its massive startup batches and Robinhood cuts another 23% of its staff.
robinhood Robinhood Cuts 23% of Staff as CEO Admits 2021 Over-Hiring Mistake Robinhood lays off over 700 employees, just months after an initial round of job cuts. CEO Vlad Tenev takes full responsibility for over-hiring during the 2021 market boom.
amazon Amazon Posts Strong Q2 Revenue Despite Ongoing Cost Pressures Amazon surpasses second-quarter revenue expectations and provides an optimistic third-quarter forecast, causing shares to jump over 13%. The tech giant reduces its massive workforce by 99,000 employees as it navigates inflation and pandemic-era overexpansion.
niantic Niantic Lays Off 8% of Staff and Cancels Four AR Projects Pokémon GO developer Niantic lays off around 90 employees and cancels four upcoming projects to brace for potential economic headwinds. The moves highlight the company's struggle to replicate the massive financial success of its flagship game.
tesla Tesla Lays Off 200 Autopilot Workers Despite Promises to Protect Hourly Jobs Tesla closes its San Mateo office and cuts approximately 200 hourly data-labeling workers from its Autopilot team, contradicting CEO Elon Musk's recent pledge to preserve hourly positions.
tesla Tesla Cuts Nearly 200 Autopilot Data Workers, Shuts San Mateo Office Tesla lays off 195 employees from its San Mateo Autopilot data annotation team and closes the office, leaving just 81 workers to relocate. The move shifts work to a lower-cost Buffalo facility, raising questions about the future of Tesla's Full Self-Driving technology development.
backstage capital Backstage Capital Lays Off Most Staff Amid Ongoing Investment Freeze Backstage Capital reduces its team from 12 to just three employees as founder Arlan Hamilton cites systemic challenges and limited partner struggles following a pause on new investments.
tesla Tesla Reportedly Lays Off Recent Hires and Rescinds Job Offers Tesla is letting go of employees who started just weeks ago and withdrawing pending job offers. Newly affected workers dispute the company's claim that the cuts are based on performance reviews.
masterclass MasterClass Layoffs Highlight Edtech Pivot Toward Enterprise Learning MasterClass cuts 20% of its workforce to achieve self-sustainability amid a worsening economic environment. The layoffs coincide with a strategic shift toward MasterClass for Work, pushing the company closer to an enterprise-focused business model.