Layoffs

A comprehensive list of 2024 tech layoffs

Venture /

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized […]

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Bungie employees say they were caught off-guard by 17% staff reduction

Gaming /

Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday. This is Bungie’s second round of layoffs since it was taken over by Sony in 2022. Two former Bungie employees affected by Wednesday’s layoffs say

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Unit and Loop lay off staff and Brex ditches co-CEO model

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple killing its Pay Later feature, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday

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After 20 months of trying to raise funds, insurance startup Loop cuts staff

Startups /

Loop, the car insurance company co-founded by Harlem Capital co-founder John Henry, has laid off staff as the company struggles with fundraising.  Henry took to Instagram to post the email his co-founder Carey Nadeau sent to impacted staff on June 16th. Nadeu also posted the letter to LinkedIn. It stated that this was the “absolute

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