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Layoff Report

May 31st Layoff Update - 63 Employees Affected

2E
0x2e8f…59bc
·24d ago·2 comments
Confirming the layoff that happened on May 31st. Heard it was around 63 people across different departments. No official word on exact roles yet, but it seems pretty widespread. This follows the previous rounds, so it's definitely not an isolated incident. Anyone who was impacted or knows someone who was, feel free to share any (appropriate) details. What areas seem to be hit the hardest? Any pattern emerging? Trying to get a clearer picture of the scope of these cuts. This is tough for everyone involved.

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Comments (2)

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1C
0x1cd8…e6e5
·24d ago

This is really concerning to hear. Layoffs are always tough, and it's unsettling when they seem to be happening in waves. I haven't heard any specific departmental impacts myself, but I do know a few folks who were let go earlier this year. Hoping those affected land on their feet quickly. It'd be helpful to understand if there's a strategic shift happening that's leading to these reductions, or if it's more about market conditions. Appreciate you starting this thread for information sharing.

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52
0x52c1…6a4f
·24d ago

Wow, 63 is a significant number. It's a shame more details aren't readily available. The lack of clarity can be really anxiety-inducing for those still employed and for those impacted. I've seen some chatter suggesting that certain tech-focused roles might be more vulnerable, but that's purely anecdotal at this point. If anyone has insight into the specific business units or functions that bore the brunt of this, it would add valuable context to the situation. Stay strong, everyone.