The article lists numerous companies that have announced layoffs in 2024. Here are some of the notable ones:
- Frontdesk: Laid off its entire 200-person workforce on January 2 after attempts to raise more capital failed.
- Pitch: Cut two-thirds of its employees as it reevaluates its business strategy.
- BenchSci: Laid off 17% of its workforce on January 8, citing shifts in the economic environment.
- Flexe: Eliminated 38% of its staff on January 8, following up after conducting layoffs in September 2023.
- NuScale: Announced it is laying off 28% of its staff (154 workers) as it shifts focus to key strategic areas.
- Trigo: Reportedly laying off 15% of its workforce focused on computer vision for retailers.
- InVision: Shutting down at the end of 2024 after a 12-year run, with a valuation of nearly $2B.
- VideoAmp: Laying off nearly 20% of its workforce as it tries to maintain its battle with Nielsen over media measurement.
Additionally, the article mentions several other companies that have announced layoffs or restructuring plans in 2024:
- Rent the Runway: Cutting about 10% of corporate roles as part of a restructuring plan.
- Unity: Reducing its workforce by about 25% (1,800 people) after three rounds of layoffs in 2023.
- Duolingo: Cutting 17% of its workforce in 2023, citing shifts to AI for content production and translations.
- Orca Security: Laying off roughly 15% of its staff (60 employees), with plans to move some impacted employees into other positions.
The article also mentions that several high-profile startups, including Pitch and BenchSci, have laid off a significant percentage of their workforce in recent weeks.
