US Startups And Tech Firms With Job Cuts In 2022

After a banner yr for tech, layoffs are right here. In reality, as of late July, greater than 30,000 staff within the US tech sector have been laid off in mass job cuts to date in 2022, in keeping with a Crunchbase Information tally.

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Tech corporations as massive as Netflix have slashed jobs this yr, with some citing the consequences of the COVID-19 pandemic and others pointing to overhiring during times of fast development. Robinhood, Glossier and Higher are just some of the tech corporations which have notably trimmed their headcount in 2022.

To maintain tabs, we have compiled an inventory of US-based tech corporations which have laid off staff to date this yr.

New additions up to now week embody Flyhomes, Lyft and Vimeo.

Most just lately up to date: July 21, 2022

The general public markets have been hit arduous in 2022, and that is trickled all the way down to the personal markets. Inflation considerations, rising rates of interest and geopolitical points have all contributed to a curler coaster inventory market.

Startups—particularly those who benefited from a pandemic growth that is beginning to cool—are feeling the stress too. Valuations, notably on the late stage, have began to dip, and startups say it is far more troublesome to lift new funding on this atmosphere.

Methodology

We have included each startups and publicly traded corporations which can be based mostly within the US We have additionally included corporations based mostly elsewhere which have a large workforce in america, corresponding to Klarna, even when it is unclear how a lot of the US workforce has been affected by layoffs.

We sourced the layoffs from media stories, social media posts and layoffs.fyia crowdsourced database of tech layoffs.

Are we lacking one thing?

Our hope is that this database might be as complete as potential, so if we have missed any corporations or if your organization goes by means of layoffs, please tell us by filling out this kind.

This layoff tracker might be up to date at the least weekly, if no more ceaselessly.

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Illustration: Dom Guzman

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