David Bridges
Read more: How HR leaders should manage layoffs ahead of recession
Major brands throughout the United States, especially in California, have been trimming their workforces ahead of an economic downturn. Last week, Twilio announced it would lay off 11% of its workforce as part of a major restructuring plan, according to an SEC filing. Earlier in the week, Patreon CEO Jack Conte announced in a blog post that the company had laid off 17% of its workforce.
Last month, Snap Inc, parent company of Snapchat, planned to lay off approximately 20% of its more than 6,400 employees, which comes out to roughly 1,280 people, The Verge reported. Apple laid off roughly 100 contract-based recruiters one month after announcing plans to slow down hiring. Calm.com has also laid off 20% of its staff, according to a memo sent by CEO David Ko to employees, The Wall Street Journal reported.
A few days earlier, Sweetgreen announced 5% of its support center workforce will be laid off, CNBC reported. Additionally, the company is downsizing to a smaller office building to lower its operating expenses.
Groupon also laid off more than 500 employees, about 15% of its workforce, TechCrunch reported. The merchant development, sales, recruiting, engineering, product and marketing teams were all impacted. Fender laid off roughly 300 employees, ranging from senior management to production line workers, have been laid off, Guitar.com reported. That followed Robinhood announcing plans to lay off 23% of its workforce. In April, the Menlo Park, CA-based company reduced its headcount by 9% after company shares hit a new low, CNN Business reported.
Cameron Steel
Maya Kensington
