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Salesforce announces 12,000 new jobs in the next year just weeks after laying off 1000

Salesforce announces 12,000 new jobs in the next year just weeks after laying off 1000 In a case of bizarre timing, Salesforce announced it was laying off 1000 employees at the end of last month just a day after announcing a monster quarter with over $5 billion in revenue, putting the company on a $20 […]

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Rakuten is shuttering the online shop formerly known as Buy.com

Rakuten is shuttering the online shop formerly known as Buy.com Japanese conglomerate Rakuten has pulled the plug on its U.S. online retail store, originally known as Buy.com, and will wind down its operations over the next two months, the company confirmed to TechCrunch. The shutdown means that the US headquarters will lay off its staff […]

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Benchmark-backed Optimizely confirms it has laid off 15% of staff

Benchmark-backed Optimizely confirms it has laid off 15% of staff Optimizely, a San Francisco-based startup that popularized the concept of A/B testing, has laid off 15% of its staff, the company confirmed in a statement to TechCrunch. The layoff impacts around 60 people, and those laid off were given varied levels of severance. Each employee […]

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Who really benefits from reskilling?

Who really benefits from reskilling? Nearly 40 million Americans are unemployed, and a recent study that examined more than 66,000 tech job layoffs found that sales and customer success roles are most vulnerable amid COVID-19. In response, some quarters of Silicon Valley are abuzz about a long-standing technology: reskilling, or training individuals to adopt an […]

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Amid unprecedented growth on its platform, Acorns cuts roles and shuts down an office

Amid unprecedented growth on its platform, Acorns cuts roles and shuts down an office Acorns, which helps millions of people invest their spare change in the stock market, has laid off between 50 to 70 people, TechCrunch has learned from multiple sources. The Irvine, Calif.-based company would not confirm the total number of people laid […]

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Brex, the credit card for startups, cuts staff amid restructuring

Brex, the credit card for startups, cuts staff amid restructuring Brex, last valued at $2.6 billion, is restructuring its credit card for startups business and cut 62 staff members, the co-founders Pedro Franceschi and Henrique Dubugras said in a blog post. “Today we’re restructuring the company to better align our priorities with this new reality, […]

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IBM confirms layoffs are happening, but won’t provide details

IBM confirms layoffs are happening, but won’t provide details IBM confirmed reports from over night that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind […]

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Uber lays off another 3,000 employees

Uber lays off another 3,000 employees Uber is laying off another 3,000 employees, the Wall Street Journal reports. Uber is also closing 45 offices and rethinking its approach in areas like freight and autonomous vehicle technology. This comes just weeks after Uber laid off 3,700 employees in order to save about $1 billion in costs. […]

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Namely, a former high flier, slashes staff as demand for its HR software dries up in the pandemic

Namely, a former high flier, slashes staff as demand for its HR software dries up in the pandemic Namely, an eight-and-a-half-year-old, New York-based company that sells payroll, talent management and other HR services to mid-size businesses across the U.S. via subscription software, has let go of upwards of 40% of its employees. The cuts are […]

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Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count by 17%, working out to 982 […]

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