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Layoffs.fyi

How It Started vs. How It’s Going: Layoffs Edition How It Started vs. How It’s Going: Layoffs Edition Scoop conducts second layoff of 2020 Scoop conducts second layoff of 2020 Layoffs Roundup: Fri 11/6/20 Layoffs Roundup: Fri 11/6/20 Cheetah conducts layoff, cites challenges facing the restaurant industry Cheetah conducts layoff, cites challenges facing the restaurant industry Quibi layoff list surfaces after company shuts down Quibi layoff list surfaces after company shuts down CodeCombat launches alumni talent directory following layoff CodeCombat launches alumni talent directory following layoff Layoffs Roundup: Thurs 10/22/20 Layoffs Roundup: Thurs 10/22/20 Alto Pharmacy lays off 47 employees Alto Pharmacy lays off 47 employees Layoffs Roundup: Thurs 10/1/20 Layoffs Roundup: Thurs 9/17/20 Layoffs Roundup: Thurs 9/17/20
Layoffs Roundup: Thurs 10/1/20
Layoffs.fyi · 2020-10-02 · via Layoffs.fyi

Check out our Layoffs Tracker for a complete list of all tech layoffs ⏰

Below is a recap of tech layoffs from the past two weeks. Check out the Layoffs.fyi Tracker for a complete list of all tech layoffs during the pandemic.

🏢 HumanForest ∙ 🌎 London ∙ 🔗Source

  • HumanForest, a U.K.-based free bike-sharing service, laid off staff after a mechanical defect caused an accident for one of its customers. The layoff comes shortly after the startup raised $2.3 million in seed funding. TechCrunch reports that employees were let go with short notice and minimal severance. HumanForest hopes to launch a new e-bike in spring 2021, and has suspended its London operations in the meantime.

🏢 WeWork ∙ 🌎 Shenzhen ∙ 🔗Source

  • WeWork sold majority control of its Chinese unit to a private equity firm in exchange for a $200 million investment. Now a Chinese-owned company, WeWork China experienced layoffs as a result of the sale.

🏢 The Wrap ∙ 🌎 Los Angeles ∙ 🔗Source

  • LA-based digital media startup The Wrap laid off and furloughed staff earlier in the pandemic, as video and photo shoots were canceled and major events went digital. 80% of The Wrap’s revenue comes from advertising, despite its push to diversify with events revenue over the past few years. The Wrap recently hired a new chief revenue officer, and appears to be doubling down on advertising revenue now that COVID-19 has made live events impractical.

🏢 Air ∙ 🌎 New York City ∙ 👩 16% of employees ∙ 🔗Source

  • When Air launched its fundraising process in April during the peak of pandemic uncertainty, the visual collaboration startup only had 4 months of cash left. Refusing to take out a PPP loan because “it felt wrong,” the New York-based company laid off 16% of its employees and moved out of its office to minimize spending. The story has a good ending — Air recently announced the successful completion of its $12 million Series A.

Thanks to Layoffs.fyi intern Stephan Billingslea for contributing to this post.