Software startup Airtable will cut more than one-quarter of its workforce, the San Francisco-based company announced on Thursday, one day after multiple outlets reported Google eliminated “hundreds” of recruiting positions, as employers continue to restructure staffing levels amid lingering recession fears (see Forbes’ layoff tracker from the first quarter here).
Airtable announced plans to slash 237 employees, representing 27% of its staff, with CEO Howie Liu telling Forbes the cuts come as the market “tip[s] toward favoring efficient growth over growth at all costs”—marking the startup’s second head count reduction in less than 12 months, after it laid off more than 250 employees in December.
Google let go of “hundreds” of company recruiters, sources familiar with the matter told CNN and the New York Times, just over half a year after its parent company, Alphabet, laid out plans to slash roughly 12,000 employees in one of the biggest rounds of job cuts in the U.S. this year.
Layoffs at Binance.US will provide the company with “more than seven years of financial runway,” a company spokesperson told Forbes nearly two months after its partner company Binance reportedly cut more than 1,000 employees, with a Binance spokesperson telling Forbes at the time the company “need[s] to focus on talent density across the organization to ensure we remain nimble and dynamic” ahead of the “next major bull cycle.”
Roku is letting go of 10% of its workforce, estimated to represent up to 360 of its roughly 3,600 employees, the company announced in a Securities and Exchange Commission filing on Wednesday—its third round of cuts over the past year, following its decision to slash 6% of its workforce (roughly 200 employees) in March and another 200 last November.
Farmers Insurance announced plans
