Geek-Guy.com

Category: Layoffs

accounting, Exclusive, Global IT News, Global Security News, Layoffs, Startups

Fintech Bench conducts layoff while others still work month-to-month

Bench, the accounting and tax startup that was bought in a fire sale last December, has conducted a round of significant layoffs, it confirmed to TechCrunch. Bench didn’t specify how many people were affected, but one person who works there estimated that Bench was eliminating dozens of positions – that’s a big chunk of the…

Read more →

Global Security News, Layoffs, reality labs, Social, supernatural

Meta conducts layoffs in Oculus Studios, impacting VR exercise app Supernatural

Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact employees within Oculus Studios, which develops apps and games for Meta’s Quest headsets. Meta did not specify how many people were impacted by the layoffs, but said that the cuts impacted people working…

Read more →

Automattic, Global Security News, Layoffs, TC, wordpress

WordPress maker Automattic lays off 16% of staff

Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce. The layoffs will impact 16% of staff across divisions, an Automattic blog post published Wednesday reveals. Ahead of the layoffs, Automattic’s website listed 1744 employees, which means north of 270 people may have lost their jobs. (Automattic…

Read more →

AI, Global IT News, Global Security News, Government & Policy, Layoffs, Trump Administration

Trump Administration cuts may threaten AI research efforts

The Trump Administration has fired a number of National Science Foundation employees who had been handpicked for their expertise in AI, threatening the agency’s ability to sustain key AI research, Bloomberg reported. One of the affected departments inside NSF, called the Directorate for Technology, Innovation, and Partnerships, was instrumental in funneling government grants focused on…

Read more →

Commerce, commercetools, Exclusive, Global IT News, Global Security News, headless commerce, headless content management, Layoffs

Commercetools, a pioneer in ‘headless commerce’, lays off dozens of staff

Commercetools — a “headless commerce” platform that provides APIs to companies building online storefronts — saw a major boost in its business just a few years ago, raising money at a whopping $1.9 billion valuation as the world went shopping online in the wake of the COVID-19 pandemic, and businesses rushed to improve their e-commerce…

Read more →

car-sharing, getaround, Global Security News, Layoffs, North America, SPAC, Transportation

Getaround abruptly shuts down US car-sharing operations

Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. Its HyreCar business, which it acquired in 2023 for $9.45 million, is also closing. The company said…

Read more →

AI, Artificial Intelligence, Enterprise, Global IT News, Global Security News, Layoffs, TC, Workday

Workday cuts nearly 2,000 employees

Enterprise HR platform Workday is the latest tech company to announce layoffs in recent weeks. Silicon Valley-based Workday laid off 1,750 employees on Wednesday, as originally reported by Bloomberg and confirmed independently by TechCrunch. That total represents approximately 8.5% of headcount. Unlike many other tech companies, including Meta and Microsoft, Workday has not held drastic…

Read more →

Enterprise, Global IT News, Global Security News, Layoffs, Okta

Okta lays off 180 employees – nearly one year after last workforce reduction

U.S. access and identity management giant Okta laid off 180 employees on Tuesday, the company confirmed to TechCrunch – just over one year after it let go of 400 workers. The company separately conducted a workforce reduction in February of 2023 that affected 300 employees. While Okta did not share how many employees it has…

Read more →

AI, Global IT News, Global Security News, Google, Hardware, Layoffs, rick osterloh

Google issues ‘voluntary exit’ program for Android, Chrome, and Pixel employees

Google SVP Rick Osterloh issued an internal memo to the Pixel/Android/Chrome team Thursday, announcing a “voluntary exit program.” TechCrunch has confirmed the letter’s existence with the company, after it was first reported by 9 to 5 Google. In a statement to TechCrunch, a spokesperson notes, The Platforms & Devices team is offering a voluntary exit…

Read more →

Commerce, Fintech, Global IT News, Global Security News, In Brief, Layoffs, stripe

Stripe is laying off 300 people, but says it still plans to hire in 2025

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at…

Read more →

Apps, Global IT News, Global Security News, Layoffs, Mark Zuckerberg, Meta, Social

Meta to cut roughly 5% of its workforce based on performance

Meta is reducing its workforce by about 5% through performance-based terminations, Bloomberg reported on Tuesday. The company plans to hire new people to fill the roles, CEO Mark Zuckerberg said in an internal memo to staff. “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the note. “We…

Read more →

3d printing, austin, Global IT News, Global Security News, icon, Layoffs, Startups, Tiger

ICON, a builder of 3D printed homes last valued around $2 billion, cuts about 25% of staff

ICON Technologies Inc., which builds homes using 3D printing, is laying off 114 people, according to a WARN letter filed with the Texas Workforce Commission. A spokesperson for the company confirmed the news to TechCrunch, providing a statement that ICON had “recently made a difficult decision to re-align” its team and team size “to focus…

Read more →

Canoo, EVs, Global IT News, Global Security News, Layoffs, layoffs and furloughs, Transportation

Canoo furloughs workers and idles factory as it scrapes for cash

Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned,…

Read more →