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.
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…
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…
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.
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…
Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned.
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…
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…
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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…
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Tesla layoffs hit high performers, some departments slashed, sources say
Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled…
Two high-profile executives have departed Tesla the same day that the electric automaker laid off thousands of workers, TechCrunch has confirmed. Drew Baglino, Tesla’s SVP of Powertrain and Energy, and…
From remote work to magnetic keyboard switches, we have your weekly recap of everything you can’t miss from the world of startups.
The 9-year-old Hinge Health offers a digital solution to treat chronic musculoskeletal (MSK) conditions and was last valued at $6.2 billion in October 2021.
Checkr, a 10-year-old startup that offers employee background checks, has laid off 382 employees — 32% of its workforce.
Apple is laying off 614 employees in California after abandoning its electric car project. According to the WARN notice posted by the California Employment Development Department, Apple notified the affected…
Agility Robotics on Thursday confirmed that it has laid off a “small number” of employees. The well-funded Oregon-based firm says the job loss is part of a company-wide focus on…
ChowNow acquired Cuboh, a point-of-sale platform that consolidates all orders from delivery apps into one place.
Banking-as-a-service startup (BaaS) Synctera has conducted a restructuring that has resulted in a staff reduction, the company confirmed to TechCrunch. While Synctera did not share how many employees were impacted,…
Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned.…
Yet another AI-powered fraud detection software provider is laying off staff. Inscribe, whose platform works to detect fraud in areas like business underwriting, tenant screening and onboarding, has cut just…
People worry that advances in AI will lead to job losses, but rarely does a company’s CEO openly admit that AI will help to reduce their headcount. Turnitin, a plagiarism…
Motional, the autonomous vehicle company born out of a joint venture between Hyundai Motor Group and Aptiv, told employees Wednesday it will cut about 5% of its workforce, TechCrunch has…
Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue.…
Sony is laying off around 900 employees in its PlayStation division, the company announced on Tuesday. The cuts will impact 8% of the division’s global workforce, as Sony becomes the…
Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering noteworthy happenings in the tech industry. This week, Google launched two new open large language models, Gemma 2B and…
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. Rivian…
