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Category: Layoffs

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…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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