According to a company announcement, the software company New Relic is laying off 155 US workers and up to 57 people abroad. The company is cutting layoffs and jobs that don’t align with priorities, CEO Bill Staples wrote. In the past fiscal year, the company lost $55.2 million from operations.
According to a memo obtained by the Wall Street Journal, ride-sharing giant Uber has cut about 200 employees from its recruiting team as hiring rates slowed. The layoffs follow hundreds of others in the freight and food delivery divisions, but Uber’s layoffs account for less than 3% of its roughly 32,000 employees, far fewer than some of its delivery competitors. Its smaller competitor Lyft has shed about 30% of its workforce this year.
Online brokerage firm Robinhood is shedding around 150 employees — 7% of its workforce — the Journal also reported. It’s the company’s third round of cuts in the last year.
Robinhood rode the wave of free stock trading to peak at 21 million users in mid-2021, but that number dropped to under 11 million users in May, according to company records. Earlier this month, Robinhood announced that seven employees at its Menlo Park office would also be fired, according to a state filing.
Software company Anaplan has laid off 119 employees at its headquarters at 50 Hawthorne St., according to a state filing regarding the adjustment and retraining of workers. Affected workers included engineers, analysts, designers and managers. Private equity firm Thoma Bravo took the company private in a $10.4 billion deal last year.
San Francisco’s unemployment rate was 3% in May, relatively flat year-to-date and low by historical standards. According to public records, the layoffs at many Bay Area tech companies are affecting workers in other states and regions.
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