Layoffs from the past week: *Reported by Linked in
- Convoy is embarking on its third round of cutbacks in less than a year, according to a LinkedIn post from the digital freight network’s CEO.
- Tackle, a unicorn-status cloud marketplace, has reduced its staff size by 15%.
- DocuSign, which shed 9% of its staff in September, has announced plans to lay off another 10%. CNBC estimates that roughly 680 people could be affected.
- KPMG is letting go of nearly 700 people, or about 2% of its staff in the U.S., making it the first of the Big Four accounting companies to do so.
- Wix DIY-website platform is downsizing by 6% and eliminating approximately 370 roles, mostly at U.S. customer service centers.
- The RealReal A designer reseller is eliminating about 230 roles, or 7% of its workforce.
- DigitalOcean Iowa-based cloud service provider is cutting 200 jobs, or 11% of its employees.
- Bank of America, which had been “reluctant” to implement layoffs, will cut about 200 jobs from its investment banking business, Bloomberg reports, citing anonymous sources.
- Vicarious Surgical a robotic surgery company is shrinking its headcount by 14%.
- Betterment, Robo-financial advisor, is closing its Philadelphia office and terminating 28 positions.
- Divvy Homes ,a Rent-to-buy startup laid off 12% of its staff, or about 40 people, as rising mortgage rates are said to be the reason behind the layoffs..
- Neiman Marcus Group is eliminating about 500 positions, 100 of which will affect corporate employees.
- Udemy is reducing its headcount by 10%, the ed tech platform’s CEO announced.
- IRobot, the maker of Roomba vacuums, announced in its Q4 earnings report it is laying off about 85 employees, or 7% of its workforce. The company is in the process of being acquired by Amazon.
- LinkedIn has laid off an undisclosed number of staff from its talent acquisition team, according to a company spokesperson.
- There have been rounds of layoffs and fundraising at Terminus within the past year, but LinkedIn members are posting about more job cuts at the marketing-software firm.
- Showtime has let go of 120 employees prior to its merger with Paramount+, per The Hollywood Reporter.
- CommerceHub’s acquisition of Channel Advisor has resulted in more than 370 jobs being cut due to redundancies.
- Electric parted ways with “141 Electrons,” making the IT provider 25% smaller.
- Meta may implement further layoffsDespite posting better-than-expected earnings in the fourth quarter and previously cutting 11,000 jobs, Meta may implement further layoffs in March, the Financial Times reports, citing anonymous sources.
- TripleLift, a programmatic ad platform, is reducing its workforce by 10%.
- Rigetti Computing, which is in peril of being delisted from the Nasdaq over its low stock price, is replacing its CFO and CTO and laying off 28% of its workers.
- Twilio a cloud communications firm is cutting 17% of its workforce — approximately 1,500 jobs, CNBC estimates.