Deno's March 2026 layoffs occurred without advance public communication from leadership, departing from industry precedent where CEOs typically issue statements. The company had raised $26M total ($4.9M seed, $21M Series A) but struggled with Deno Deploy traction and JSR (package registry) adoption. In October 2026, Cloudflare acquired Deno, with the entire remaining team joining Cloudflare but core runtime development ending in 2027. Employees faced uncertainty between layoff rounds and eventual acquisition.
π· Topic
Worker Treatment
Opposed = documented mistreatment of workers. Supported = documented good practice.
- 393
- Receipts
- 330
- Entities
197
Opposed
124
Mixed
0
Silent
72
Supported
Every receipt (393)
While conducting significant layoffs, Rangan provided generous severance: 20 weeks base pay plus one week per year of service (up to 30 weeks), five months healthcare benefits, career support, and employees kept their laptops. She articulated principles of fairness and transparency during cuts. However, conducting two 7% layoffs within three years (after HubSpot historically avoided layoffs) represented a significant shift in company culture.
Anchorage Digital describes having "an amazing culture where people are expected and welcomed to be their authentic, genuine selves" and "the most transparent environment" in employee testimonials. However, the federally chartered crypto bank conducted two major layoffs: 20% (75 people) in March 2023 during crypto banking crisis, and 17% (68 people) in October 2026 citing industry cost pressures. The company received $100M from Tether in February 2026, raising valuation to $4.2B.
Despite AI productivity gains allowing "projects that would have taken three extremely expert engineers six months to build" to be done "in a couple of weeks with one person and a coding agent," Datadog continued expanding workforce. Grew from 7,779 employees in 2024 to 8,154 in 2025 (4.8% increase). CTO Alexis Le Quoc stated: "For that, we need people. I don't see how coding agents are going to obviate the need for software engineers." No AI-driven layoffs announced.
Seattle-based Highspot merged with Seismic in August 2026, combining two of the largest sales enablement software providers. Highspot had previously laid off 25% of its workforce in two 2023 rounds. Post-merger layoffs were reported in September 2026 due to role overlap, though neither company disclosed specific numbers.
In April 2026, Cohere acquired German AI company Aleph Alpha, creating a combined $20 billion entity. CEO Aidan Gomez emphasized sovereign AI: "No government or enterprise should have to choose between capable AI and control over their technology." Unlike many AI company acquisitions, the merger focused on expansion rather than consolidation. Cohere maintained its team through AI funding fluctuations without major layoffs. The Toronto-based company reached $1.6 billion raised at $7 billion valuation by September 2025.
UKG, a workforce management software company where H&F is a controlling investor, conducted 2,100 layoffs in 2024, followed by 950 more cuts in April 2026 (6% of workforce). UKG was created through H&F's 2020 merger of Kronos and Ultimate Software at $22B valuation. Despite selling "people-first workforce software," employees describe survival mode amid restructuring, AI pressure, and offshoring fears. H&F ranked 13th among world's largest PE firms in 2024 with $115B+ AUM.
Shield AI reported zero layoffs through 2025 while expanding significantly. In March 2026, the company raised $1.5 billion in Series G funding at a $12.7 billion valuation (up 140% from $5.3B in March 2025), led by Advent International and JPMorgan. The funding enables continued hiring as the company was selected by the U.S. Air Force for its Collaborative Combat Aircraft program. Hivemind autonomy software has piloted 26 vehicle types including F-16s.
Cut nearly half of Block's workforce (4,000+ employees, reducing from 10,000 to ~6,000) in February 2026, citing AI replacing human roles. Said "100 people + AI = 1,000 people" and predicted most companies would make similar cuts within a year. Critics and a former exec alleged the cuts were standard cost-cutting disguised as AI transformation.
In June 2024, Luan joined Amazon after licensing Adept's technology. Amazon arranged for Adept's investors to be made whole rather than losing their investment. Luan led Amazon's AGI lab, created in December 2024 for "long-term research bets." However, in February 2026, Luan announced his departure after less than two years. He wrote on LinkedIn: "But with AGI so close, I decided to spend 100% of my time on teaching AI systems brand new capabilities" and plans to "cook up something new." The quick departure raises questions about Amazon's AI lab culture.
Render offers 100% employer-paid medical, dental, and vision coverage for employees and all dependents. New parents receive 14 weeks paid parental leave. Compensation includes competitive cash plus equity with extended exercise windows. Software engineers earn $170K-$290K. The company has grown from approximately 100 to 220 employees while maintaining these benefits, and raised $100M at $1.5B valuation in February 2026.
Under Valenzuela's leadership, Runway has grown steadily without layoffs. The company had 221 employees in Q4 2024 (up 52 YoY) and 285 employees by Q4 2025 (up 64 YoY), reaching 303 employees by March 2026. Runway raised $315M at a $5.3B valuation and has raised nearly $860M total. The company launched the Hundred Film Fund offering grants up to $1M to creators using AI tools. The AI Film Festival grew from a "scrappy misfit meetup" to a sold-out Lincoln Center event partnered with IMAX.
Railway raised $100M Series B in January 2026 while maintaining a lean 35-person team that supports 3 million users and adds 100,000 signups weekly. Founder Jake Cooper built vertical integration including custom data centers with 70% margins and 3-month payback. Notable investors include GitHub co-founder Tom Preston-Werner and Vercel CEO Guillermo Rauch. The company avoided layoffs during growth, scaling infrastructure rather than headcount.
In 2025, Permira invested β¬7.5 billion in portfolio companies with 11% revenue growth and 16% EBITDA growth. Returned record β¬12.6 billion to investors. Co-CEO succession in June 2024 put two dealmakers in charge of β¬80 billion in assets. As private equity broadly, PE-owned companies can face debt pressures leading to layoffs, but Permira portfolio showed growth. Only NJ and ME mandate severance in mass layoffs; CA followed in 2025.
Following Advent's $2.5 billion acquisition of Israeli software company Sapiens in late 2024, the firm cut approximately 700-800 jobs (15% of the 5,400-person workforce) in January 2026. Advent replaced the entire senior management team, relocated headquarters from Israel to London, and implemented a strategic shift to eliminate unprofitable service activities. Layoffs hit India and the US hardest (about 10%), while Israel saw a smaller 5% reduction. Advent stated laid-off employees would receive severance "above market standards."
Devoted Health named to Fortune's "Best Workplaces in Health Care" and "Best Workplaces for Women" lists in 2025, and Forbes named it one of "America's Best Start-Up Employers." Nearly 88% of members are enrolled in 4-Star or higher rated plans, with a 2025 weighted average of 4.3 Stars across 15 contractsβabove the national average of 3.9.
Fivetran laid off 12% of staff (156 employees) in February 2023 following an earlier October 2022 cut of 5% (63 employees). When Fivetran announced its merger with dbt Labs in October 2025, dbt President Tristan Handy said "The teams from both companies are critical to the success of the combined company, and we will proceed thoughtfully with all talent decisions." Uncertainty remains about post-merger layoffs as the combined company shifts focus from startups to Fortune 500 enterprises.
Linear offers a 10-year extended exercise window for equity options, early exercise in the US, and equity refreshers. CEO Karri Saarinen designed this from "firsthand experience at previous startups where I had to exercise options within 90 days." In August 2025, Linear completed a tender offer allowing employees to sell vested options at the $1.25B Series C valuation. "Linear Infinity" includes paid sabbaticals and 5 weeks PTO. The company maintains a 96% retention rate over four years.
CAVA presents a mixed picture on worker treatment. Positive: hiring 2,500 workers in 2026, opening 75 restaurants, and promoting over 3,500 workers in 2025 while competitors cut staff. 77% of employees report being treated with respect by managers. However, Glassdoor reviews describe a "very chaotic" corporate environment with "deep favoritism and unhealthy work dynamics," constant turnover, and managers who "set goals with unclear or unrealistic expectations." Employees report being "burned out and afraid" due to layoffs with "nobody's job safe." Fast-casual sector faces consumer spending slowdown as of 2025, with operators trimming hours rather than conducting layoffs, "hitting part-time workers hardest."
Form Energy built its first commercial factory in Weirton, West Virginia, on the former Weirton Steel site after the steel mill closed entirely in April 2024 (eliminating its final 900 jobs). The company selected Weirton from over 500 potential sites across 16 states. By 2025, Form employed 450+ workers at the facility with 40+ open positions, planning to expand to 750+ jobs. The choice brought advanced manufacturing to a distressed community that lost its largest employer.
Under Wolfe Herd's return as CEO in March 2025, Bumble announced in June 2025 it would cut ~240 employees (~30% of global workforce) β the second 30% cut in 18 months. During the company-wide call, she reportedly told distressed employees reacting with thumbs-down emojis in Slack to "calm down," drawing criticism as tone-deaf. Inc. published "Bumble's CEO Just Gave a Master Class in How Not to Deliver News About Layoffs."
Parker Conrad's Rippling avoided layoffs during the 2022-2024 tech downturn while competitors cut staff. In April 2024, Rippling committed to buying $200 million worth of shares from current and previous employeesβa morale-boosting move. The company opened new offices in Dublin, Sydney, and San Francisco, grew headcount to 5,000 employees by 2025, and reached a $16.8 billion valuation in May 2025.
Personal investment firm Prima Materia invested β¬600M+ in Helsing, a German military AI company, in June 2025. Critics linked this to Israeli military operations, sparking an artist boycott led by Massive Attack, Deerhoof, and others who pulled music from Spotify. Ek stepped down as Spotify CEO effective January 2026, transitioning to Executive Chairman; his goodbye letter to employees made no mention of the boycotts.
Mistral AI under Mensch has had no layoffs since founding in 2023, with β¬2.8 billion raised and a $14 billion valuation. At VivaTech, Mensch argued that AI's biggest threat is "deskilling"βpeople growing intellectually passive by over-relying on AIβrather than job losses. He dismissed warnings from Anthropic's Dario Amodei about AI eliminating half of entry-level white-collar positions as "exaggerated" and "fear-mongering." He advocates for human-in-the-loop AI systems ensuring people remain engaged in reviewing machine outputs, preserving rather than replacing judgment skills.
In June 2025, Yuan stated "work-life balance doesn't exist" and that "work is life, life is work." Despite Zoom enabling the remote work revolution, Yuan mandated employees within 50 miles of an office return two days per week starting August 2023, saying remote work prevented "trust-building." In July 2025, some remote workers reported being laid off so their headcount could be used for in-office hires. Yuan told dissenting employees to "leave the company" if they disagreed with RTO.
Finland's Supreme Administrative Court ruled on May 22, 2025 that Wolt couriers are employees, not independent contractors, finding "characteristics of employment, such as subordination and limited autonomy." Despite this ruling, Wolt announced it would only employ approximately 100 couriers under employment contracts while 6,000 couriers remain as contractors. Finnish union PAM President called this "delaying tactics," noting 98% of couriers are "left without protection." Foreign couriers face deportation as Finland suspended entrepreneur-based residence permits for Wolt work.
Ironclad maintained steady growth while other tech companies faced mass layoffs. In April 2025, the company hired Dan Springer (former DocuSign and Responsys CEO) as CEO, with co-founder Jason Boehmig becoming Executive Chairman. At the time, Ironclad had crossed $150M ARR and 2,000 customers. Springer cited the company's "steady growth rate" as a key draw. No mass layoffs reported; workforce grew to approximately 774 employees by 2026. Company crossed two billion contracts processed on its AI-powered platform in 2024.
Published an all-company memo in April 2025 announcing Duolingo would become "AI first," phasing out contractors for any tasks AI could perform and requiring teams to prove work cannot be automated before hiring. The announcement triggered massive public backlash. Von Ahn told the Financial Times he "did not expect the amount of blowback" and clarified no full-time employees had been laid off at the time of the announcement.
In March 2025, Niantic sold its mobile games division to Scopely for $3.5 billion. The PokΓ©mon GO development team transferred to Scopely with leaders Kei Kawai and Ed Wu staying on. Wu described the deal as "a positive step." However, Niantic Spatial Inc., the geospatial AI spin-off founded May 2025, immediately announced 68 layoffs. Scopely committed to allowing development teams to work independently and assured players the game would remain supported with 100+ million still engaged.
Operates Supabase with 360 employees across 60 countries and zero offices. On growth phase: "Halfway through last year, we just said, 'All right. There's just way more work than anyone can do, so we just need to get people in as fast as possible.' And then yeah, hiring became a top priority." No layoffs reported despite tech downturn; instead ramped hiring as AI drove 600% YoY database growth. Remote-first structure enables global talent access while keeping headcount efficient.
Unlike most tech companies during the 2022-2024 downturn, Supabase avoided layoffs and instead ramped hiring as AI drove 600% YoY database growth. Co-founder Paul Copplestone described the growth phase: "Halfway through last year, we just said, 'There's just way more work than anyone can do, so we just need to get people in as fast as possible.' And then yeah, hiring became a top priority." The remote-first structure enables global talent access while keeping headcount efficient at 360 employees.
In March 2025, competitor Rippling filed suit alleging Deel orchestrated corporate espionage by planting a spy who accessed Rippling's systems, searching "Deel" 23 times daily over four months to steal customer data, pricing information, and trade secrets. The spy allegedly fled when confronted with a court order. Deel denied the allegations and filed a counter-suit. The Justice Department opened an investigation into the claims in 2026. The case has been called "the most significant corporate espionage case this century."
In March 2025, Moskovitz announced his retirement as Asana CEO, causing stock to drop 25%. As part of cost-efficiency measures, management cut roughly 5% of the workforce in Q4, incurring $7M in restructuring charges. However, Moskovitz transitioned to Board Chair rather than departing entirely, maintaining majority ownership (53%+ stake). The restructuring was projected to expand non-GAAP operating margins by over 1,000 basis points in FY 2026. Dan Rogers succeeded him as CEO.
Bolt CEO Ryan Breslow fired the entire HR team in 2025, saying "We had an HR team, and that HR team was creating problems that didn't exist. Those problems disappeared when I let them go." The company ended unlimited PTO and went through extreme operational restructuring. Breslow previously left as CEO in 2022 after controversial tweets calling Stripe and Y Combinator "mob bosses" for allegedly blocking Bolt's fundraising.
When closing Space Ape after the November 2024 acquisition, Supercell worked to minimize layoffs by offering roles across affiliated companies. Games Chrome Valley Customs and Fastlane were spun to Offroad Games (new startup with 10-12 former staff), Transformers: Earth Wars went to publisher Yodo1 with ~10 staff, and ~30 employees had previously joined NextBeat. Supercell emphasized working "to ensure that the transition is as smooth as possible." The company reported β¬2.65 billion revenue and β¬932 million operating income in 2025.
Laid off Trust & Safety employees in Singapore and other regions in February 2025, revoking system access within an hour of termination notices. Reversal of CEO Chew's January 2024 Congressional testimony pledging $2B+ on trust and safety. Part of a global restructuring described as "operational efficiency."
Thoma Bravo acquisitions routinely trigger immediate workforce reductions. After acquiring Verint for $20.50 per share, the firm announced layoffs affecting the company's 3,800-person global workforce, including R&D staff in Israel. Former employees report that 20% cuts are standard within weeks of deal closures. The firm manages 83 portfolio companies collectively employing tens of thousands.
In February 2025 podcast, shared approach to layoffs: admitted he "botched" his first time and learned that managers must be personally involved. Stated leaders should help laid-off employees pack their boxes because "people understand that you tried with every possible strategic or tactical idea to not have to go through this." Rejected AI-related layoffs despite increasing AI use in engineering, saying Affirm has no plans for AI-spurred cuts.
Divvy Homes employees faced a "bloodbath" when Maymont Homes (a Brookfield Properties division) acquired the company in January 2025. Industry insiders reported nearly everyone had been laid off except a small dispositions team. Employee equity was wiped out as the once $2B-valued startup sold at distressed terms. Customer complaints had surged during rapid growth, and when mortgage rates spiked in 2022, the business modelβwhere monthly payments became misaligned with local rentsβcollapsed.
Remote, the $3B SoftBank-backed HR platform, developed a pattern of repeat layoffs. The company cut 10% of staff (100 employees) in July 2022, then another 10% (40 employees) in January 2025. Wikipedia documents both layoff events. The fully distributed startup with no physical offices has had two major workforce reductions within three years, impacting 140 employees total despite being valued at nearly $3 billion.
Perplexity CEO Aravind Srinivas faced backlash after stating on the All-In Podcast that many people do not enjoy their jobs and should accept the possibility of being replaced by AI. The comments came during rising AI-related layoffs globally. Combined with his November 2024 offer to replace striking NYT tech workers with AI services, Srinivas drew criticism for dismissive attitudes toward labor concerns. Perplexity reached a $20 billion valuation by September 2025 while critics questioned the company's approach to content creators' livelihoods.
Databricks ranked #18 on Fortune Best Workplaces in Technology 2025 and offers unlimited PTO, mental wellness benefits, and $1,000 annual career development stipend. However, Glassdoor reviews report 60+ hour weeks with average ratings, constant micromanagement, and "no work life balance." Multiple employees cite bad management as a common theme. The company requires 3-day office attendance at hub offices with badge-swipe tracking.
Redwood Materials cut approximately 5% of its workforce (around 60 employees from 1,200 total) in 2025 despite raising $350M and expanding operations. The company was named to TIME100 Most Influential Companies 2024. JB Straubel, Tesla's former CTO and co-founder, leads the company which has grown to 1,100+ employees and a $6B valuation as of October 2025.
Senior partner Erez Nahum filed lawsuit in 2025 seeking approximately NIS 10 million plus $4-5 million in equity for alleged unlawful dismissal, harassment, defamation, and emotional distress from Apax Israel head Zehavit Cohen. Nahum led five of six major Israeli investments and was promoted to sole partner alongside Cohen in late 2024 before departing. Separately, the firm has lost more than half its senior dealmakers over five years, concerning some investors considering new fund commitments.
Buildkite emphasizes "It's ok to break production, but not people"βhonest errors in good faith receive support and learning focus rather than punishment. The company offers high autonomy with real ownership, expecting employees to make decisions and own meaningful work end-to-end. All employees participate in quarterly profit sharing and the employee share program. Teams operate on Shape Up cycles with 2-week cool downs. CEO Pitt noted after all-hands events, employees feeling connected quadrupled.
Summit Partners incorporates Responsible Investing considerations into its investment process through a formal Responsible Investing Policy and Committee. The firm closed its Growth Equity Fund XII at $9.5 billion in October 2024 after five months of fundraising, bringing total AUM to over $44 billion. Summit focuses on profitable growth-stage companies, providing "patient capital" rather than aggressive restructuring. The firm was recognized for its "commitment to ESG" in institutional LP evaluations.
Midjourney operates with approximately 60 employees and generated $300M in revenue in fiscal 2024 while remaining profitable without external funding. David Holz has rejected outside investment, maintaining independence. The lean team structure means no reported layoffs, but the business model relies on training AI on artists' work without compensationβeffectively extracting value from creative workers who receive nothing. TIME named Holz to the 100 Most Influential People in AI 2025 list.
Icon laid off 25%+ of workforce (114 employees) in January 2025 while pivoting toward its Phoenix robotic printer. However, the company continues its affordable housing mission: partnering with Mobile Loaves & Fishes to build 100 more 3D-printed homes for chronically homeless residents at Community First! Village in Austin, bringing the total to 1,400 planned homes housing 1,800 formerly homeless residents. Icon's Initiative 99 competition seeks home designs buildable for $99,000 or less.
Cut workforce from ~5,000 to ~3,000 employees between 2022 and 2024, eliminating ~700 customer service roles replaced by an OpenAI-powered AI assistant. CEO Sebastian Siemiatkowski froze hiring for over a year citing AI capacity. By early 2025, customer satisfaction dropped and Klarna admitted AI had gone "too far," beginning to rehire human staff. Reframed as AI augmentation after initial full-replacement experiment backfired.
Under Glyman's leadership, Ramp reported no layoffs during 2023-2024βa 1.5-year period that saw over 300,000 tech workers laid off industry-wide. The company grew from 495 employees in 2023 to approximately 1,200 by October 2025. One finance leader told Contrary Research that after switching to Ramp, an executive assistant "broke down in tearsβnot because she was upset, but because it was the first time she felt the firm truly valued her time." Ramp claims its savings helped some companies avoid layoffs entirely during the pandemic.
Welsh Carson's ESG principles are "fully integrated" in its approach to investment value creation, with continual focus on "environmental, public health, safety, social, and governance initiatives." The firm's healthcare portfolio represents significant employment across nursing, clinical, and administrative roles. WCAS states pride in "enhancing the sustainability, equity, and leadership of our portfolio" with commitment to continued progress in ESG and D&I programs.
HongShan (formerly Sequoia China) struggled to deploy its $9 billion fund, investing only about one-quarter by mid-2024 amid subdued deal flow in China. According to the Financial Times, the firm is "aggressively expanding into Europe and North Asia" owing to "shrinking options" in China and frustrated limited partners. HongShan closed a CNY 18 billion ($2.4B) fund in March 2024 but denied Reuters layoff reports, claiming it added 13 new investors in the past year. Total AUM reached approximately $56 billion.
Northvolt's November 2024 Chapter 11 bankruptcy (the largest in modern Swedish industrial history) left ~4,000 workers affected. Of the 3,000 SkellefteΓ₯ factory employees, 1,100+ were foreign nationals on work visas who faced deportation unless finding new employers within 3 months. The European Parliament approved β¬8.5M in EU aid for ~5,800 dismissed workers. The company had only $30M cash remainingβenough for 7 days of operationsβwhile owing $5.8B in debt.
Former Consensys employees filed a lawsuit accusing CEO Joseph Lubin of failing to honor equity promises made during the company's startup days, when employees worked for less with the expectation of company equity. The company also faced backlash when MetaMask (owned by Consensys) blocked users in Venezuela, Iran, and other sanctioned regions in 2022 β though the Venezuela block was later described as a configuration error. The SEC dropped its enforcement case against Consensys in early 2025.
Animoca Brands conducted layoffs and reduced its metaverse fund from $2B to $800M during the 2023 crypto downturn. However, the company recovered quickly: in October 2024, Animoca nearly quadrupled its Hong Kong office space from 7,500 to 28,000 sq ft while other Hong Kong firms downsized. President Evan Auyang stated it was "a perfect time to create a collaborative space not only for ourselves but also for other companies in our portfolio." The company now employs 500-1,000 people globally.
Andy Jassy Amazon 5-day RTO mandate. Threatening termination. Warehouse injury rates. Union busting.
Laid off approximately 40 employees in September 2024, disproportionately affecting DevRel and growth teams while largely sparing core engineering. All affected employees received 4 months severance. Co-founder Thomas Ptacek stated: "Everyone we let go was doing great work." The restructuring aimed to extend runway past 2026 without additional funding. Notable departures included developer advocate Xe Iaso.
When Amazon acquihired Covariant in August 2024, only approximately 25% of employees (~40 of 160) were offered positions at Amazon. The remaining 75% of staff were left at a "zombie company" that one analyst predicted has "good luck doing that with the top 25% of your talent missing, including the key figures." The Emeryville headquarters was emptied within months, and remaining operations were moved overseas. Employees who stayed faced working for a company whose CEO estimated had a value between "zero" and "low double-digit millions."
Webex employees faced significant uncertainty as parent company Cisco cut 9,800+ jobs in 2024 (12% of workforce) across two waves: 4,250 in February and 5,600 in August. Cisco anticipated paying nearly $2B on restructuring. The cuts hit as Webex's video conferencing market share struggled against competitors like Zoom and Teams. Among US tech employers in 2024, Cisco was one of the largest job cutters after Intel and Tesla.
Visual artists Sarah Andersen, Kelly McKernan, and Karla Ortiz filed a class-action lawsuit against Runway AI, Stability AI, Midjourney, and DeviantArt alleging widespread copyright infringement through unauthorized use of their artwork in AI training. On August 12, 2024, U.S. District Judge William Orrick ruled the case could proceed, allowing artists to pursue their copyright claims and move forward to discovery. YouTuber David Gardner also filed a class action lawsuit against Runway in February 2026 for illegally downloading creator videos to train its AI.
Three Northvolt workers died at home within six months after shifts at the SkellefteΓ₯ gigafactory in 2024 (ages 19, 33, and 59). A fourth worker drowned. Swedish police investigated but found no crime or toxic exposure link. Prior incidents include two 2023 workplace deaths: a technician killed in a dust explosion and a crane accident fatality. Dagens Nyheter investigation documented 26 severe injuries since 2019 and widespread safety concerns, particularly among migrant subcontractors.
Dell Technologies, in which Silver Lake holds approximately 12% of total common stock, laid off an estimated 24,500 employees over 15 months (2023-2024). In February 2023, Dell cut 6,650 workers (5% of workforce) due to declining PC sales. In August 2024, Dell laid off approximately 12,500 more employees, reorganizing sales teams to focus on AI. Dell's workforce dropped from 133,000 in February 2023 to around 108,000 by January 2025. Silver Lake remained a major investor through these cuts.
Lacework laid off 180 employees immediately following its August 2024 acquisition by Fortinet for $152M β a 98% valuation drop from its $8.3B peak. This came on top of a prior 20% cut (~200 employees) earlier in 2024. The company shrank from its June 2022 workforce peak of 1,000+ to a fraction of that by the time of acquisition.
DoorDash spent over $200 million campaigning for California Proposition 22 (2020), which the California Supreme Court upheld in July 2024, allowing gig workers to remain independent contractors rather than employees. In September 2024, New York Mayor announced $131.5 million enforcement action against DoorDash for violating minimum-pay rules. Company previously penalized $17 million for using tips to subsidize driver pay.
CrowdStrike July 2024 outage fallout. George Kurtz blamed individual. $10B+ damages.
In June 2024, Amazon hired Adept CEO David Luan and most of the 100-person team, licensing the company's technology. The deal left roughly 20 employees (20% of staff) in a "rump company" while investors who put $414 million into Adept reportedly recovered only roughly their principal. FTC opened inquiry into whether the arrangement circumvented merger notification rules. Lawmakers cited it as example of "acqui-hire" strategy to avoid antitrust scrutiny.
Postman eliminated its entire JSON Schema and AsyncAPI teams in July 2024, cutting workers who maintained critical open-source specifications used across the developer ecosystem. While IBM stepped in as AsyncAPI's new gold sponsor, affected employees were left scrambling. Glassdoor reviews describe a pattern where "each time either not saying anything or blaming the impacted teams." Management framed the 2024 restructuring as necessary ahead of an AI platform rebuild, but workers reported feeling expendable.
Recognized as a Leader in Gartner Magic Quadrant for Single-Vendor SASE in July 2024 and for Security Service Edge for the 3rd consecutive year (April 2024), with the highest Ability to Execute and furthest in Completeness of Vision. CEO Sanjay Beri emphasizes a converged approach to security and networking. The company has grown to approximately 2,000 employees while maintaining its $7.5B valuation.
While BeReal laid off nearly half its workforce shortly after acquisition, COO Romain Salzman publicly acknowledged the departing staff's contributions, listing all 28 by name on LinkedIn and offering himself as a reference. Voodoo stated it would "support impacted team members" and is "incredibly grateful for their contributions." The quick post-acquisition layoffs contrast with typical merger timelines where cuts occur months later.
Lab workers at Tempus pushed for unionization citing workplace safety concerns and stagnant wages. Crain's Chicago Business reported employees want more say in workplace safety and better pay. Tempus went public in June 2024 at a $6.1B valuation and has been named to Forbes AI 50 list for its precision medicine work.
A 2024 Private Equity Stakeholder Project report found KKR-owned companies have "one of the worst labor track records" among major PE firms. Portfolio companies accumulated over $525,000 in OSHA penalties for violations including chemical exposure, fall hazards, and inadequate safety training. At Global Medical Response, investigators found widespread wage and hour violations affecting hundreds of EMTs. At Refresco, the company refused to meet with organized employees despite OSHA citations for hazards causing injuries and amputations.
ContractPodAi reduced headcount from approximately 314 employees (June 2024) to 115 (September 2026), a 63% workforce reduction in roughly two years. The company pivoted strategy from CLM software to "Agentic AI" while shrinking significantly. Despite raising $115M in funding including from SoftBank Vision Fund 2, the company could not maintain its workforce through the transition. Employee count declined 16% in the most recent year alone.
In May 2024, Roofstock merged with former rival Mynd Property Management, consolidating property management operations after cutting roughly 47% of its workforce across 2022-2023. CEO Gary Beasley stated: "By bringing together our complementary capabilities into one platform, we will achieve greater scale." The merger reunited Beasley with Mynd's Doug Brien, former Waypoint Homes collaborators. Employee reviews describe surviving "seven layoff rounds" with "lack of direction" and leadership that "routinely lied about job security, only to lay off employees days later."
Gopuff offered severance packages and transition support to all full-time and hourly W2 employees impacted by its May 2024 layoffs, with the company stating there would be no impact on customer service. However, one laid-off employee claimed 65% of their corporate coworkers were let go, raising questions about the company's stability.
TCV co-founder Jay Hoag has served on Netflix's board since 1999, providing patient capital through multiple market cycles. TCV invested $400M in Netflix during a 70% stock decline in 2011. However, portfolio company Pelotonβwhere Hoag serves as Board Chairmanβconducted multiple layoff rounds: 2,800 employees (20%) in 2022, 400 (15%) in 2024 under departing CEO Barry McCarthy, 6% in 2025, and 11% in 2026. TCV's long-duration approach conflicts with aggressive restructuring at struggling investments.
Yuga Labs experienced significant leadership turmoil alongside layoffs. CEO Daniel Alegre lasted less than a year before co-founder Greg Solano returned in February 2024. Solano's April 2024 memo acknowledged "the creative-first spirit that drove this company from its inception has been getting muddied" and described shifting from "playing on easy mode" (when they raised $450M in 2022) to "hard mode." The company remains under-resourced relative to its project load according to leadership communications.
ByteDance's Lark cut over 1,000 employees in March 2024, reducing team size by one-third from its peak. CEO Xie Xin announced the restructuring in an internal letter, stating "the team size is relatively large, but the organization is not lean enough." Lark had approximately 5,000 employees before the cuts. The company offered compensation plans or job transfer opportunities to affected workers.
Under Mostaque's leadership, Stability AI had documented worker payment issues. According to Forbes, seven current and former employees reported wages and payroll taxes were "repeatedly delayed or unpaid"βin some cases for more than a month. Four employees independently reported that UK tax authorities (HMRC) appeared at company offices and threatened to seize assets due to overdue taxes. A former intern reported still waiting for payment on an invoice for 181 of 300 hours worked. The company was spending an estimated $8M monthly while having less than $4M in the bank by October 2023.
Following 2022 layoffs, Iterable recovered and was named to Inc. Magazine's 2023 Best Places to Work Honoree list. The company surpassed $200 million ARR in 2023 and was recognized in the 2023 Gartner Magic Quadrant for Multichannel Marketing Hubs as a Challenger. However, the layoffs and subsequent executive departures created period of instability before the company stabilized with approximately 800 employees by 2024.
Microsoft paid $650M in March 2024 to hire Inflection AI co-founders Mustafa Suleyman and KarΓ©n Simonyan plus most of the ~70-person team ($620M for model licensing, $30M to waive legal claims). Remaining employees continued under new CEO Sean White. While staff landed at a major tech company, the acqui-hire effectively dissolved the startup and forced a pivot away from the Pi chatbot product employees had built.
Karp publicly acknowledged that multiple employees have left Palantir due to his outspoken pro-Israel stance, saying "we've lost employees. I'm sure we'll lose employees." He stated this is acceptable: "If you have a position that does not cost you ever to lose an employee, it's not a position." In a viral May 2025 exchange, he called a Palestinian-American protester "an unwitting product of an evil force."
Stability AI layoffs and CEO resignation. Emad Mostaque departed. Cash running out.
Dell 18,500+ layoffs. Multiple rounds. Michael Dell focused on cost reduction.
Stability AI 10% cuts. Emad Mostaque resigned. Cash running out. Open source AI struggles.
PlanetScale laid off sales and marketing staff in early 2024 with what critics called "the most callous layoff notice ever." CEO Sam Lambert's statement of "extreme gratitude" for laid-off workers was described as "tone deaf." The company simultaneously killed its free Hobby tier in April 2024, which was described as "a community earthquake" that made developers "feel betrayed." PlanetScale also announced it would no longer actively maintain the open-source Vitess project, pushing community maintainers to take over.
Figure AI raised $675M in February 2024 from Microsoft, OpenAI, NVIDIA, Intel, and Jeff Bezos with the explicit goal of developing humanoid robots to replace human workers in manufacturing. CEO Brett Adcock stated the company aims to "replace millions of workers" in dangerous or undesirable jobs. Current deployments at BMW fill vacancies rather than displacing existing workers.
EA 6% layoffs. Game cancellations. Andrew Wilson restructuring. Crunch culture persists.
FBN experienced significant leadership instability with four CEOs in two years. However, under new CEO Diego Casanello (former BASF and Arysta executive), the company launched Gradable with ADM (20,000+ farmer users, $30M+ in sustainability incentives) and grew its network to 117,000 member farms across 187 million acres by 2025. The spin-off and restructuring represented strategic refocusing rather than collapse, though workforce impacts accompanied the changes.
In February 2024, Colombia's Labor Ministry initiated a formal review of Rappi after couriers (Rappitenderos) filed complaints alleging the company did not provide dignified working conditions. Couriers demanded better pay amid Colombia's highest inflation in two decades. While Rappi expressed support for Law 2466 (June 2025) requiring platforms to contribute 60% to social security, these provisions remain unimplemented as of September 2026.
HPE 2,500+ layoffs. Enterprise focus but still cutting costs.
Frank Slootman Snowflake aggressive culture. RTO demands. "Pajamas" comment. Resigned.
The January 2024 Brex layoffs drew criticism for execution: employees learned about the meeting 30 minutes before, with engineering managers knowing in advance. One employee described: "They announce like 1/2 hr before that there is a meeting in 1/2 hr and then they do layoffs. They send out emails at the beginning of the meeting indicating if you're laid off or not." Reviews describe "layoff anxiety" as the most common negative theme, taking months to dissipate.
Portfolio companies Snap (15% of Q3 2023 holdings) and others faced significant layoffs in 2022-2024. Coatue pushed aggressive growth strategies during the zero-interest-rate era, followed by cost-cutting pressure as rates rose. The firm's crossover strategy means it holds both public and private stakes, giving it significant influence over portfolio company operations.
In January 2024, Cloudflare faced backlash after employee Brittany Pietsch recorded and posted her firing to TikTok. The viral video showed HR representatives unable to explain why she was being let go despite her requests for specifics, saying only she "did not meet performance expectations." Prince responded on X calling the video "painful" to watch, admitted "we were far from perfect" and "managers should always be involved" rather than outsourcing to HR. He maintained the firing was justified but acknowledged the process was flawed.
In January 2024, former employee Brittany Pietsch posted viral TikTok of her firing, showing HR unable to explain the termination beyond generic "performance expectations" language. CEO Matthew Prince called the video "painful" and admitted Cloudflare was "far from perfect." A Cloudflare spokesperson denied it was a layoff, calling it routine quarterly attrition, but critics noted approximately 40 salespeople were let go. HR executives called making the termination performance-based "incredibly egregious" for what appeared to be a companywide cut.
Jason Citron Discord layoffs blamed on overhiring. But maintained community focus. Gamer culture.
Laid off ~10% of contractors in January 2024, citing AI as replacement for their work. In April 2025 announced it would phase out remaining contractors doing work AI can handle. No full-time employees laid off. CEO framed it as a strategic platform shift, comparing it to going mobile-first a decade earlier.
D1 Capital Partners' private investment strategy created mixed outcomes for portfolio company workers. The firm marked down 49 private companies in 2023 alone, with the private book losing 10% and eating into public portfolio gains. Dan Sundheim's crossover approachβ60% of $19B assets in private investmentsβmeant portfolio companies faced pressure during the 2022-2023 funding drought. However, the firm reported a "thawing" in private markets by late 2023 and delivered 44% returns in 2024.
A spreadsheet submitted as evidence in copyright litigation lists thousands of artists whose work Midjourney's AI "can successfully mimic or imitate." The platform allows users to specifically request styles of named artists without consent or compensation. Plaintiffs argue AI-generated art is built on "human intelligence and creative expression" without involved parties' consent or credit, economically harming working artists whose styles are replicated by paying subscribers.
Cleaned up post-Kalanick culture. But still fights driver classification. Prop 22 supporter. Better than predecessor but still opposing worker rights.
Crunch culture documented. EA spouse controversy. Loot box gambling criticism. FIFA/EA FC monetization.
Telehealth company. Prescription mills criticism. But expanded access to care. Mixed ethics.
Cloudflare no major layoffs. Matthew Prince maintained team through downturn. Good reputation.
Jensen Huang no layoffs policy. Nvidia high employee satisfaction. Tech leader who kept team.
Dara Khosrowshahi cleaned up Uber culture. But still fights driver classification. Better than Kalanick.
Y Combinator Demo Day pressure. But supportive community. Mixed founder experiences.
Founders Fund Thiel philosophy of "monopoly." Push for dominance over worker welfare.
Hugging Face good culture. Clement Delangue community-focused. Open source ethos.
ServiceNow no major layoffs. Bill McDermott maintained team. Growth focused.
Index Ventures European approach. Less layoff pressure on portfolio than US VCs.
Bessemer long-term focus. Anti-portfolio honesty. Less aggressive restructuring.
Whitney Wolfe Herd Bumble struggles. Stock decline. But maintained DEI focus.
Melanie Perkins Canva avoided major layoffs. Australian culture. Maintained team.
Alexandr Wang Scale AI contractor model. Global workforce ethics questions.
Vinod Khosla less aggressive on portfolio layoffs. Climate focus over cost cutting.
Chamath Palihapitiya SPAC disasters hurt employees. Social Capital portfolio mixed.
Palmer Luckey Anduril growing. Defense tech hiring. Controversial but compensates well.
Palo Alto Networks no major cuts. Security demand strong. Nikesh Arora leadership.
Michael Seibel YC partner supportive of founders. Twitch co-founder. Mentorship focused.
David Sacks Craft Ventures. PayPal mafia. Mixed portfolio company experiences.
Jason Calacanis angel investor. This Week in Startups. Mixed founder experiences.
Sheryl Sandberg Meta COO. Lean In but layoffs followed her departure. Complex legacy.
Eric Schmidt Google CEO era culture shifted. Defense tech focus now. Complex legacy.
Larry Ellison Oracle demanding culture. High expectations. Competitive compensation.
Safra Catz Oracle CEO. Aggressive cost management. But maintained compensation.
Bill Ackman activist investor. Portfolio company restructurings. Harvard DEI campaign.
Shou Zi Chew TikTok navigating ban. Employee uncertainty. ByteDance complexity.
Hugging Face maintained good culture. Clement Delangue community-focused. Open source ethos.
JB Straubel Redwood Materials no major layoffs. Battery recycling growth. Tesla alum.
Agility Robotics Digit robots for Amazon warehouses. Growing workforce.
Sila Nanotechnologies co-founder Gleb Yushin described CEO Gene Berdichevsky as "clearly much more interested in solving hard problems and building a company that would last for a century" and "above all, empathetic." Yushin noted it was "much more comfortable to go somewhere with a person who was not talking about profit or getting rich, but was thinking about building something big, and who was clearly showing care for the team." Berdichevsky has emphasized building a "culture of self-reliance" learned from his time as employee #7 at Tesla.
Built Mercury into a $5B+ company while explicitly rejecting Silicon Valley's intensive work culture. Described as "anti-996" (rejecting 9am-9pm, 6 days/week work patterns). On hiring philosophy: "That's not the culture of Mercury. We are all about hiring humble people that want to be helpful, that are low ego." Scaled from 30 employees at COVID start to 500+ while maintaining culture through deliberate quarterly team gatherings and intentional remote practices.
DoorDash CEO Tony Xu argues flexibility is "incompatible with being an employee." When asked why, "falls back on 'what Dashers want' without lending much gravity to dissent from politicians, courts or certain Dashers." Claimed average Dasher makes $22/hour including idle time but admitted he did not know typical Dasher overhead costs (fuel, vehicle depreciation). Championed Proposition 22 which kept California gig workers as contractors.
Outschool operates as a gig economy marketplace where teachers are independent contractors. The platform takes a 30% "Teacher Fee" from all class paymentsβteachers receive 70% of the class price they set. According to Outschool's official policy: "The Teacher Fee is defined as Outschool's take rate of 30% of the Parent's payment." Teachers must link PayPal accounts for payouts. The fee structure is fixed regardless of tenure or performance. EdSurge reported that pre-pandemic about 1,000 teachers worked for Outschool; CEO Nathoo claimed "hundreds of teachers make over six figures" annually on the platform.
Warburg Pincus itself grew headcount 13.6% in 2025 to over 10,000 employees and increased active job postings 108% year-over-year. However, Warburg Pincus-backed SaaS company Whatfix laid off 60-80 employees (6% of workforce) in 2024, primarily in sales and marketing, citing slowing growth as AI adoption disrupted its digital adoption platform market. Whatfix stated the cuts were to "better align our go-to-market with the strong traction we are seeing in our AI-first product lines."
Descript positions itself as creator-empowering rather than creator-replacing. The platform's AI features are designed to help content creators edit faster, not to replace human creativity. The company has been transparent about its AI capabilities and limitations. Descript employs approximately 200 people and has maintained stable employment through the tech downturn. Stanford offers formal training on the platform, reflecting its professional acceptance in the creator industry.
According to the Violation Tracker database, Providence Equity Partners-owned companies have accumulated $14.3 million in penalties since 2000, including $964,637 in employment-related offenses for wage and hour violations. The firm's track record includes banking violations totaling $13.3 million. The USIS collapse alone displaced over 2,500 workers when the company lost federal contracts and ceased operations.
TA Associates partnered with Ownership Works, a nonprofit consortium aiming to generate at least $20 billion of wealth for lower-income and diverse workers by 2030 through shared ownership programs. The firm's Responsible Investing Committee oversees ESG factors including worker treatment across portfolio companies. TA invested $4 billion in 2024 and conducted 20+ exits generating $5 billion in proceeds while maintaining its ESG commitments.
Docker raised $105M at a $2.1B valuation in 2024 from Bain Capital Ventures after years of struggles following the 2019 enterprise business sale to Mirantis. Despite workforce reductions in 2023-2025, the company showed recovery with 163 active job postings in 2026, a 104.7% increase from 2025. Docker's turnaround focused on developer tools and container platform monetization after abandoning its original enterprise ambitions.
Gumroad operates with a lean, remote-first team and a transaction-based revenue model that charges fees only when creators make sales, directly aligning company success with creator success. Over 12+ years, the platform has maintained this positioning while surviving multiple market cycles. Founder Sahil Lavingia has been transparent about company financials and operations. The platform's estimated valuation of $100-125 million reflects sustainable niche business rather than hypergrowth.
Menlo Ventures maintains a portfolio of 444 companies including 57 unicorns and 9 decacorns, with investments in Anthropic, Abnormal Security, Benchling, Carta, Chime, Harness, Pinecone, Roku, and Uber. The firm raised its largest-ever $3B fund in 2026, with its Anthropic stake valued at $14B. Unlike some growth investors that pushed aggressive cost-cutting, Menlo's portfolio emphasis on AI safety and infrastructure companies has avoided the mass layoff controversies that hit other VC-backed startups during the 2022-2024 tech downturn.
Dragoneer Investment Group's portfolio reflects mixed worker treatment outcomes. The firm backed Spotify, Airbnb, Snowflake, Datadog, and DoorDash pre-IPOβcompanies that later conducted significant layoffs (Spotify 17%, Airbnb 25% during COVID, DoorDash 6%). However, Dragoneer's "long-duration capital" philosophy and concentrated portfolio (30-50 public positions) suggests less pressure for short-term cost-cutting than activist investors. The firm's 2026 top holdings include SpaceX (48% of portfolio), Amazon, AMD, Klarna, and ServiceTitan.
No layoffs on record through 2025 despite job posting decline (170 postings in 2024 to 86 in 2025). 72% positive business outlook among employees. Named to Boston Globe Tech Power Players for CEO Bob Mumgaard. Company maintains mission-driven culture focused on developing fusion as carbon-free energy source. Growing workforce with approximately 1,148 employees as of 2026.
Sam Altman chaotic leadership style. Board fired him then workers threatened to quit. High compensation though.
Multiple former Twitch employees criticized Emmett Shear's leadership during his tenure as CEO. A former employee described him as "eternally condescending to staff" who "continuously listened to whoever was playing politics best." Streamers alleged Twitch under Shear "repeatedly swept accounts of harassment and abuse under the rug," and one partner revealed evidence of Shear "dismissing, and even laughing about, ongoing sexual harassment against content creators."
Faire's November 2023 layoffs followed a structure the company said was "built with multiple layers of management to support our pace of hiring. When we slowed down hiring last year, naturally we weren't able to grow into that larger structure." The company was valued at $12.59B at peak but dropped to $5.2B following a secondary share offering.
Olive AI's October 2023 shutdown left employees without jobs after the once-$4B unicorn collapsed. Healthcare clients including CommonSpirit Health had terminated contracts citing delays, poor implementation, and inconsistent results. The company sold its clearinghouse and patient access businesses to Waystar and Humata Health, representing "the heart of Olive's business," while winding down remaining operations. Workers who survived earlier layoffs found themselves jobless as the company ceased to exist.
Earned Great Place to Work certification for 2023-2024. As a fully distributed company, Pacaso offers home office stipends, time zone flexibility, and regular All Crew retreats. CEO Austin Allison emphasizes "rowing together" culture and transparent communication. The certification came alongside record performanceβAugust 2023 saw a 142% increase in funded shares versus July.
Reid Hoffman co-founded LinkedIn, which laid off 716 employees in May 2023 and another 668 in October 2023 despite revenue exceeding $15B. LinkedIn stated it was "committed to providing full support to all impacted employees" and ensuring they were "treated with care and respect." Hoffman pioneered corporate alumni culture and implemented systematic onboarding, but also stated "work-life balance is not the start-up game" and expects after-hours work from employees.
Clari filed multiple California WARN Act notices documenting large-scale workforce reductions. The revenue data management company eliminated 139 Sunnyvale employees effective October 15, 2023, per state WARN filings dated August 2023. After merging with SalesLoft, another 76 positions were cut in late 2024. In total, Clari filed 6 WARN notices affecting 526 workers across California, with the $2.6B-valued company repeatedly restructuring its workforce.
David Baszucki Roblox criticized for child labor exploitation. Young developers create content for minimal pay.
Epic Games 16% layoffs in 2023. But Tim Sweeney took responsibility. Better than some peers.
CEO Howie Liu offered generous severance after Airtable's September 2023 layoffs: 16 weeks of pay, two months of accelerated equity vesting, and six months of healthcare coverage. Liu told Forbes "It's a sickening feeling. I made the decisions that got us here" and took "full responsibility." However, this was the second round in less than a year after December 2022 cuts (254 employees).
Flexport rescinded 55+ job offers in September 2023, some just days before start dates, after founder Ryan Petersen returned as CEO following Dave Clark's departure. Petersen acknowledged "It's messed up" but said he had "no idea why more than 75 people were signed to join" during a hiring freeze. The company offered no severance to affected candidates and only committed to help them find other jobs.
Jasper conducted at least four rounds of layoffs between 2023 and 2025 as ChatGPT competition devastated its business. In July 2023, undisclosed cuts came with 30% ARR forecast reduction and 20% internal valuation cut. Co-founder and CEO Dave Rogenmoser and CTO Chris Hull both stepped down in September 2023. Replacement CEO Timothy Young (former Dropbox president) continued cuts into 2024-2025. Employee reviews describe "constant restructuring" and uncertainty about the company's viability.
Warner Bros Discovery 1,000+ layoffs. Content wiped from Max. Merger integration cuts.
Francisco Partners' acquisition strategy frequently involves rapid workforce restructuring. At Sumo Logic, layoffs came "less than a month" after the $1.7B takeover. New Relic conducted its third layoff round in three years just before the PE buyout. Jamf's layoffs were positioned as reducing operating costs to "improve operating margins and pursue profitable growth." Francisco Partners' 2024 acquisition portfolio shows consistent emphasis on cost optimization through headcount reduction as value creation strategy.
Mercury CEO Immad Akhund stated in July 2023: "We are remote-first rather than hybrid. Most of the meetings people have are on Zoom." He said remote work "from an employee perspective, it's just clearly, I think in most cases, betterβmost people want the flexibility." Mercury scaled from 30 to 500+ employees while remote-first, with intentional culture-building via team gatherings at least four times a year.
Noom faces persistent complaints about coaching quality. Coaches are not registered dietitians or licensed therapists, completing only internal training. High client loads and low pay created impersonal experiences. Users report responses "feel automated and generic," with delayed replies that don't address questions. Former coaches admit feeling "not equipped" to help users with trauma or mental illness. One reviewer noted: "Where are the coaches? The presence of a coach more frequently would be amazing."
Dapper Labs, creator of NBA Top Shot, exemplified the NFT boom-bust cycle's impact on workers. The company rapidly hired to over 600 employees then cut ~60% across three rounds in 8 months. The SEC investigated Dapper Labs for NBA Top Shot but closed the case in September 2023 without charges. Some July 2023 layoffs were converted to part-time roles. The remaining Flow Foundation team shrank from ~200 to under 180 by April 2024 through continued attrition.
API changes killed third-party apps. Dismissed mod protests. "Never been profitable" excuse. IPO over community.
Steve Huffman Reddit IPO over community. API changes killed third-party apps.
After writing off $275 million FTX investment in November 2022, Temasek cut pay for senior executives who approved the deal following internal review. In October 2024, Temasek-backed ONE Championship laid off 30-40 Singapore employees on the same day it announced a $50 million investment from Qatar Investment Authority, drawing criticism for the juxtaposition of fresh capital alongside retrenchments.
Tobi LΓΌtke Shopify 20% cuts but handled with transparency. Digital by default advocate.
Getir's March 2023 layoffs were described by employees as a "redundancy massacre." Staff were let go daily through one-to-one meetings with no notice or consultation period β computer accounts disabled "on the hourly marker." One employee reported workers were "left crying and angry at management." Laid off employees received only two months' salary through legal settlement.
Laid off 1,300 employees (15% of workforce) in February 2023. CEO Eric Yuan took a 98% pay cut and reduced exec salaries 20% while cutting jobs. A second round of layoffs hit in January 2024. Yuan told unhappy employees to "leave the company" if they disagreed with the RTO mandate.
In February 2023 layoff announcement, McKinnon acknowledged responsibility: "We entered fiscal 2023 with a growth plan based on the demand we experienced in the prior year. This led us to overhire for the macroeconomic reality we're in today." Admitted facing "execution challenges" and wished he had "responded sooner." Provided substantial severance: minimum 13 weeks pay, healthcare through June, FY23 bonus eligibility, RSU vesting through March 15, career transition support, and immigration assistance for visa holders.
Built Technologies rapidly grew from ~330 employees in early 2022 to ~400 by June 2023, then contracted through two layoff rounds. The $1.5 billion valued construction fintech, which has managed financing for $135 billion in construction projects, faced difficult decisions as CEO Chase Gilbert explored strategic options including going public or selling. The company has a President for DEI&B on its board and states commitment to an inclusive workplace.
Gusto's February 2023 layoff impacted 126 employees (~5% of workforce). Affected employees received 12-16 weeks base salary and 3-4 months COBRA coverage. However, a November 2024 Glassdoor review cited ongoing layoffs across departments, and an August 2025 report described an employee terminated on their exact 1-year anniversary, losing their entire first year's RSU grant due to vesting schedule.
Oversaw firing of AI ethics researchers. Mass layoffs despite record profits. Eliminated 12,000 jobs while maintaining executive compensation.
Sundar Pichai approved firing 12,000 employees. AI ethics researchers terminated. Project Nimbus protesters fired.
Salesforce layoffs 8,000 employees. Benioff's "Ohana" culture questioned. But generous severance.
Marc Benioff "Ohana" culture questioned after layoffs. But generous severance. Contradictions.
Salesforce "Ohana" culture tested by 8,000 layoffs. Benioff generous severance but trust damaged.
Salesforce 8,000 layoffs despite "Ohana" culture. Benioff generous severance but trust damaged.
BambooHR was named a Fortune Best Workplace for Women (2023, ranked #74), Fortune Best Workplaces in Technology (2023, ranked #26), and Great Place to Work certified with 89% of employees rating it a great place to work. The Utah-based HR software company offers "paid paid vacation" ($2,000 bonus for vacation) and discourages working long hours at the expense of family. Founders Ben Peterson and Ryan Sanders built the company on work-life balance principles.
Mental health startup Cerebral conducted three layoff rounds in under a year: ~350 employees in June-July 2022, 20% of workforce in October 2022, and 15% (~285 employees) in early 2023. The cuts came amid Department of Justice investigation into prescribing practices and FTC probe into business practices. CEO David Mou said reductions were "a business decision to align with company needs."
Encouraged portfolio companies to do mass layoffs in 2022-2023. Called for "founders to be in charge" over employees. Advocated for remote work to be ended. a16z partners take board seats then push for workforce cuts.
X/Twitter 80% workforce cut. Remaining employees overworked. Layoffs via email. Badge access revoked suddenly.
Alchemy acquired web3 bootcamp ChainShot in August 2022 and made all coursesβpreviously costing up to $3,000β100% free. Developer relations lead Elan Halpern called it "a major step towards free access to high-quality web3 education." The program reports 86% graduation rates with over 50% of graduates securing blockchain jobs within six months at firms like OpenSea and OpenZeppelin. Course enrollments nearly tripled since January 2022.
Vlad Tenev Robinhood 31% layoffs. GameStop controversy fallout. Congressional testimony.
OpenSea executed two major layoff rounds in 18 months: 20% in July 2022 ("preparing for prolonged downturn") and 50% in November 2023. Former head of product Nathanial Chastian was convicted on insider trading charges. The company lost significant market share to competitor Blur.io while Bored Ape NFT floor prices dropped 90% from peak. CEO Finzer described the restructuring as "rethinking our operating culture, product, and tech from the ground up."
When Ro laid off 18% of staff in June 2022, CEO Zachariah Reitano stated the company took "full responsibility." Affected workers received two months severance plus healthcare, and Ro extended the options exercise window to three years. The company offered career services to affected staff. However, workers received no transition period, with Ro citing "patient privacy obligations" for immediate terminations. Glassdoor reviews indicate company morale never fully recovered after the reduction in force.
After May 2022 layoffs cutting 10% of workforce (~700 employees), posted laid-off workers' names on LinkedIn with a Google spreadsheet to connect them with recruiters. Reactions ranged from "tone deaf" outrage to praise for helping job searches. Sweden's largest finance union Finansforbundet requested discussions, saying they were not consulted and "expected information at an early stage and not to have to read about the process in the media." Unorthodox transparency approach divided observers.
Sequoia pushed portfolio companies to cut costs aggressively. "Crucible moment" memo. Layoff playbook.
a16z pushed portfolio layoffs. "Responsible Growth" memo. Ben Horowitz encouraged cuts.
Marc Andreessen pushed portfolio layoffs. "Fat cutting" advocacy. a16z influence on cuts.
Ben Horowitz aligned with Marc on layoffs. "Responsible Growth" memo. Cost cutting pressure.
DST Global was an early investor in Facebook ($200M in 2009), Twitter ($800M in 2011), and other platforms that transformed labor markets. These investments helped scale gig economy platforms with contested worker classification. Less than 3% of DST's capital came from Russian government institutions (VTB Bank), and all such capital was returned by 2014. DST has no public record of portfolio company layoffs or worker mistreatment controversies.
Multiple Hillhouse portfolio companies including JD.com, Tencent, and ByteDance have been implicated in China's brutal "996" work culture (9am-9pm, 6 days a week). JD.com founder Richard Liu publicly stated those who refuse 996 "are not my brothers" and said "slackers" would be "eliminated through various means." In February 2022, a 28-year-old ByteDance employee died suddenlyβthe third overwork-related death that month in China's tech industry. Tencent faced criticism for employees working 20+ consecutive hours at high intensity.
Chamath dismissed Uyghur concerns on podcast. Social Capital portfolio includes controversial companies.
$100M gender discrimination lawsuit settled. "Bro culture" documented. Employee walkout over forced arbitration 2019.
Infamous Zoom layoff of 900 employees. Called terminated workers "stealing" from company. Toxic leadership documented. Still CEO.
Vishal Garg Better.com Zoom layoff of 900. Called employees thieves. Still CEO.
California DFEH lawsuit over "frat boy" culture. Multiple harassment allegations. CEO Bobby Kotick allegations. Union busting attempts.
Stewart Butterfield sold Slack to Salesforce. Employees got payouts but then faced Benioff layoffs.
Amazon warehouses have injury rates 80% higher than industry average. Timed bathroom breaks. Union busting documented by NLRB. Workers urinate in bottles due to time pressure.
Executive told employees in June 1, 2021 video call that company lacked cash for severance or unused PTO payouts. Class action lawsuit filed on behalf of 700 former employees alleging they were owed unpaid wages and accrued vacation time. Workers at Spokane Valley plant given abrupt closure notice. Assets valued $500M-$1B but company owed $1B-$10B to creditors.
GameStop trading halt. Congressional testimony. Gamification harms retail investors. PFOF business model criticized.
Impossible Foods was recognized as Best Place to Work for LGBTQ Equality by the Human Rights Campaign Corporate Equality Index in 2021, scoring 100%. The company offers 4 weeks PTO, 10 paid holidays, 2 floating holidays, and equity participation. However, the company conducted multiple rounds of layoffs in 2022-2023, including sudden cuts that affected 132 employees in California with affected workers learning of terminations the same day.
Vista Equity presents a contradictory worker record. Founder Robert Smith paid $34M to eliminate student debt for 400 Morehouse graduates in 2019 and donated $50M to HBCUs for STEM education through the Student Freedom Initiative in 2020. Yet the firm plans to cut up to one-third of its own workforce via AI automation and is "scoring" portfolio companies on AI adoption, with 10,000 collective portfolio employees facing displacement.
Booking.com laid off 4,000+ employees during COVID. Limited severance for international offices.
Following the Thoma Bravo-backed Apttus merger in May 2020, Conga underwent significant leadership and workforce changes. The entire executive board was replaced within a year. By August 2021, the company had shifted 75% of its engineering work to India, where it employed 725 peopleβ40% of its global workforce. In September 2025, Thoma Bravo announced plans to combine Conga with PROS B2B assets as part of the $1.4 billion PROS acquisition.
Placed on administrative leave from DeepMind in August 2019 following multiple bullying complaints. Employees alleged screaming at colleagues in front of others, sending abusive emails to subordinates, and issuing arbitrary directives. Google launched an external legal investigation. DeepMind leadership confirmed his "management style fell short" of expected standards. Later apologized, took time off, and worked with a coach before departing Google in 2022.
CEO Orion Hindawi accused in 2017 Bloomberg expose of maintaining "Orion's List" tracking employees approaching stock vesting dates and allegedly firing them before shares vested. Nine senior executives departed in eight months including president, CMO, and chief accounting officer. Tanium denied allegations and said board investigation "didn't find a whiff of malfeasance." Hindawi stepped down as CEO in 2024, replaced by Dan Streetman.
Uber under Kalanick had toxic culture. Susan Fowler sexual harassment expose. Fought drivers on classification. Forced out 2017.