![]() Red flags in the company’s financial performance: A company that’s struggling with declining revenue or profit - or simply not growing at the rate anticipated - is more likely to conduct layoffs and other cost-cutting measures.Companies may do this by pausing hiring for all but the most mission-critical roles and by freezing promotions and pay raises for existing employees. A hiring, payroll or promotion freeze: Payroll is the most significant cost for most technology companies and often the first place company leaders will attempt to contain costs.Signs that may indicate a company is more likely to conduct layoffs include: If an employee headcount cannot be confirmed to our standards, we note it as “unclear.”Ĭorrection: We have updated the article to reflect the correct number of jobs cut in 2022. This allows us to quickly and more accurately track layoff trends, which is why you might notice some changes in our most recent numbers. We recently updated our layoffs tracker to reflect the most recent round of layoffs each company has conducted. We source the layoffs from media reports, our own reporting, social media posts and layoffs.fyi, a crowdsourced database of tech layoffs. Layoff and workforce figures are best estimates based on reporting. We’ve also included companies based elsewhere that have a sizable team in the United States, such as Klarna, even when it’s unclear how much of the U.S. We’ve included both startups and publicly traded, tech-heavy companies. This tracker includes layoffs conducted by U.S.-based companies or those with a strong U.S. Tech Layoffs: US Companies That Cut Jobs In 20 The following companies were added to the tracker this week: The company previously laid off 50 people back in December. But now people are cutting back on personal spending, and the online meditation platform had to make massive cuts. The sector saw massive growth and Headspace, which was a first mover in the space, expanded and even merged in the process. Headspace Health laid off 181 employees on Thursday, a move that mirrors trouble in the overall telehealth and personal wellness sector. In total, the company has laid off around 1,200 people over the span of three massive layoffs that followed a huge dip in the public markets. The company most recently laid off 150 people, which amounted to 7% of its staff. Stock trading platform Robinhood has had it rough - this is the company’s third round of layoffs since we began tracking these numbers in 2022. Niantic, an augmented reality software platform that made the once-popular Pokemon Go mobile game, laid off 230 people exactly one year after its previous mass layoff, which impacted 85 employees. Niantic, Robinhood and Headspace are some of the few companies that performed layoffs this week. More than 1,040 people were laid off from U.S.-based tech companies this week, per our weekly tally. ![]() A Game Maker, A Meditation App And A Stock Trading Platform Cut Staff ![]()
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