Layoffs Archives - GenixPlay Studios

Luminar secures up to $200M following CEO departure and layoffs

Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, […]

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A comprehensive list of 2025 tech layoffs

Startups / Sasandara Dilmina

The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi. So far this year, more than 22,000 workers have been the victim of reductions across the tech industry, with a staggering 16,084 cuts taking place in February alone. We’re

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Luminar kicks off another round of layoffs amid CEO’s sudden resignation

Transportation / Sasandara Dilmina

Luminar, the lidar company founded by recently replaced CEO Austin Russell, is going through another restructuring, according to a recent regulatory filing. This new round of layoffs, which the company did not provide figures for, follows extensive cuts to the workforce in 2024. Luminar cut about 30% of its workforce in 2024, a reduction that

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TechCrunch Week in Review: Coinbase gets hacked

Social / Sasandara Dilmina

Welcome back to Week in Review! We’ve got tons of news for you this week, including a hack at Coinbase; YC thinks Google is a ‘monopolist’; layoffs at Microsoft; and much more. Have a great weekend! Uh-oh: Coinbase says that customers’ personal information, including government-issued IDs, was stolen in a data breach. The hackers demanded

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A comprehensive list of 2025 tech layoffs

Venture / Sasandara Dilmina

A comprehensive list of 2025 tech layoffs Read More »

Match to lay off 13% of staff

Apps / Sasandara Dilmina

Dating app giant Match Group is laying off 13% of its staff as part of a reorganization that aims to reduce costs, shore up margins, and streamline its organizational structure. The layoff would affect about 325 employees, based on the 2,500 employees Match had as of December 2024, per its annual filing. Open roles are

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A comprehensive list of 2025 tech layoffs

Startups / Sasandara Dilmina

A comprehensive list of 2025 tech layoffs Read More »

CrowdStrike says it will lay off 500 workers

Security / Sasandara Dilmina

Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers. In an 8-K filing, CrowdStrike said the layoffs were part of a “a strategic plan (the ‘Plan’) to evolve its operations to yield greater efficiencies as the Company continues to scale its business

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Layoffs hit General Fusion as the fusion power startup runs short on cash

Climate / Sasandara Dilmina

General Fusion laid off at least 25% of its employees last week, just days after hitting a key milestone for its latest fusion demonstration device. CEO Greg Twiney posted an open letter on the company’s website Monday saying that while its new LM26 device had been able to compress a plasma — something necessary for fusion

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