Tag: layoff

  • On Bolt’s layoffs

    Bolt, a San Francisco-based fintech startup, renowned for its pioneering four-day workweek, has faced a significant downturn with a recent 29% staff reduction. In late 2021 and early 2022, Bolt was riding a wave of success, raising nearly $750 million and reaching an $11 billion valuation. However, the departure of co-founder and CEO Ryan Breslow…

  • LinkedIn lays off 668 workers

    LinkedIn announced it’s laying off 668 workers, roughly 4% of its workforce, across multiple departments including engineering, product, talent, and finance. This comes after a substantial growth period during the pandemic, when approximately 40% of LinkedIn’s nearly 20,000 employees were hired. The downsizing signals a new chapter for the tech industry, which seems to be…

  • Twilio and anti-racist layoffs

    Wait what does that even mean? Layoffs being anti-racist. Does that mean you layoff people of majority races in the company? Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an “Anti-Racist” and “Anti-Oppression” lens. “As you…

  • Lyft shuts down in-house rentals

    Lyft shuts down in-house rentals

    I didn’t see this coming. Lyft Rentals is shutting down less than three years after it opens. Lyft is shutting down its in-house car rental program Lyft will stop renting out cars from its own fleet and has laid off around 60 employees, according to The Wall Street Journal. As TechCrunch notes, the layoffs have also been confirmed by…