layoffs
Latest
Peloton is replacing its CEO and cutting around 2,800 jobs
Peloton is trying stem to its financial struggles by replacing its CEO, overhauling the board and laying off around 20 percent of its corporate workforce
Activision Blizzard lays off 50 employees in esports restructuring
Activision Blizzard has fired less than two percent of its total workforce, or around 190 employees, according to Sports Business Journal and Bloomberg.
Uber cuts 15 percent of Postmates' workforce
Uber is cutting 15 percent of Postmates' workforce, including many of its executives.
LinkedIn will cut nearly 1,000 jobs as pandemic slows global hiring
The laid-off employees can keep their company-provided devices.
Sonos will lay off 12 percent of its workforce due to COVID-19
Sonos plans to eliminate 12 percent of its global headcount due to the coronavirus pandemic.
Microsoft cuts dozens of staff as it shifts to AI for MSN news stories
Microsoft is getting rid of contractors as it shifts some of its news production to AI.
Uber plans to lay off another 3,000 employees
Less than two weeks after Uber shared plans to lay off 3,700 employees, the company announced that it will let another 3,000 workers go.
Headspace is offering free mindfulness courses to unemployed Americans
Mindfulness app Headspace is offering a free one-year subscription to anyone in the US who is unemployed.
Uber will lay off 3,700 full-time employees
Uber will lay off 3,700 full-time employees, about 14 percent of its workforce.
Airbnb will lay off 25 percent of its workforce due to COVID-19
Airbnb is laying off 1,900 workers, or 25 percent of its workforce, as the COVID-19 pandemic puts the travel industry on hold.
Kickstarter may cut up to 45 percent of its workforce
Kickstarter is preparing to lay off up to 45 percent of its staff as the COVID-19 pandemic hurts its crowdfunding business.
Lyft lays off nearly 1,000 employees
Lyft lays off 17 percent of its workforce due to COVID-19.
OnePlus downsizes European teams to focus on key markets
Engadget reached out to OnePlus regarding the latest layoffs, and a spokesperson referred those as part of a “normal restructuring” in Europe in order to focus on key markets. Before this announcement, OnePlus had around 2,000 employees worldwide.
Magic Leap layoffs reportedly affect about half its workforce
Magic Leap announced that it's laying off employees at every level of the organization, after compounding financial troubles.
Kickstarter's live project count is down 35 percent from last year
Crowdfunding is taking a serious blow, with Kickstarter seeing a 35 percent drop in new projects. Layoffs are also expected.
GoPro lays off 200 employees as coronavirus pandemic impacts sales
GoPro has announced that it will lay off 200 employees or around 20 percent of its workforce due to the coronavirus pandemic. It aims to reduce expenses by about $100 million by switching the majority of its business to a direct-to-consumer model.
Electric skateboard maker Boosted announces 'significant' layoffs
In 2012, Boosted came onto the scene with its crowdfunded Loaded Vanguard light electric skateboard and has since produced a string of personal vehicles including last year's Rev scooter. Unfortunately things may be nearing the end, as the company announced "the incredibly difficult decision to let a significant portion of the Boosted team go." It cited the "unplanned challenge "of the US-China tariff war as a factor in its struggle, despite the many riders putting in millions of miles of riding on its products. Since its launch, the "micromobility" field has become increasingly crowded, and there doesn't seem to be a sure winner at this point, but as its CTO and CEO noted in the post, the need to keep capital flowing to maintain production and maintenance of vehicles is tricky. Now the plan is to "pursue strategic options under new ownership," so we'll have to wait and see what that looks like in the future.
Ancestry lays off 100 employees as DNA test demand dwindles
Ancestry has announced that it had to lay off six percent of its workforce, or around 100 workers, due to "a slowdown in consumer demand across the entire DNA category" over the past year and a half. The news comes just a few weeks after 23andMe, another home DNA testing service, revealed that it cut 100 workers because of dwindling sales.
23andMe lays off 100 workers amid shrinking demand for DNA tests
If you're skittish about DNA testing services, you're not the only one -- and it's directly affecting one of the heavyweights in the field. The 23andMe team is laying off about 100 workers, or 14 percent of its total workforce, in light of declining sales. The job cuts will focus on units responsible for growing and scaling the company. In the months ahead, 23andMe expects to cut back its work on clinical studies and focus more on its home testing and therapeutic offerings.
Uber lays off employees from Eats, self-driving cars and other teams
Uber has cut around 350 more employees across several of its divisions. The company said it's the "last wave of a process" that saw layoffs in marketing, then product and engineering over the last few months. This time around, Uber has laid off members of the Eats, performance marketing, Advanced Technologies Group (the self-driving cars unit) and recruiting departments, along with its global rides and platform teams. In total, the job cuts account for around one percent of Uber's workforce.