- Venture-backed startups have begun laying off employees, as the coronavirus and the subsequent economic shutdown has wreaked havoc on companies large and small.
- Business Insider is keeping a list of running list of startups that are slashing headcount.
- Visit Business Insider's homepage for more stories.
TripActions, the $4 billion Andreessen Horowitz-backed corporate travel startup, just laid off 296 employees as the travel industry grinds to a halt
Andreessen Horowitz-backed Wonderschool just laid off 75% of staff on a Zoom call, telling employees the coronavirus could dry up any more funding for 2 years
O'Reilly Media, known for its influential open source conferences and books about coding, has laid off 75 people and shuttered its events business
Pay-by-the-minute fitness app Popin has shut down, according to an email sent out to its users
Buzzy luggage startup Away has furloughed half of its staff and laid off 60 employees as the coronavirus continues to crush the travel industry
ThirdLove, the buzzy lingerie upstart that challenged Victoria's Secret's dominance, just laid off nearly 30% of its workforce as the coronavirus crushes DTC companies
Iris Nova, the buzzy direct-to-consumer startup backed by Coca-Cola, has laid off half its staff as the coronavirus pandemic hits its retail business
Startups like ClassPass and The Wing have cut significant portions of their workforce
A leaked memo reveals that the Kevin Durant-backed sports media startup Overtime just laid off 20% of its staff, and won't give affected employees healthcare or severance unless they sign a confidentiality agreement
Real Estate and Travel
Airbnb is cutting 25% of staff — 1,900 jobs — after its business has been slammed by the coronavirus crisis
SoftBank-backed iBuyer Opendoor just slashed 35% of staff after the coronavirus forced the startup to halt its home-flipping operations
Flex-space unicorn Knotel just laid off 30% of workers and furloughed another 20% as the coronavirus cripples a once buzzy industry
SoftBank-backed real estate brokerage Compass just slashed 15% of staff and is pausing marketing as coronavirus slams the housing market
Days after laying off 20% of its workforce, Brookfield-backed Convene furloughs more than half of remaining employees due to coronavirus closures
Airbnb-backed Zeus Living just laid off 30% percent of staff as the coronavirus upends travel and hospitality startups