Layoffs at Quantive (GTMhub)

Heard from a friend that their team is seeing possible layoffs of 30-40% of people. Is this credible across smallcase or just their team?

I have heard a news that Priceline had layoff 150 people including their CTO.

Quite a large number of people were asked to resign gradually over the 3 weeks. The impacted personnel include SEs,Some PMs, and EMs too. Looks like a massive downsizing. Around 30 percent of the folks seem affected, but I'm not sure on that number. No severance. A month of notice.

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Tata nexarc asked 20% of its employees to leave organisation in next 90 days. They have been informed that their resume has been floated to other TATA group companies

Almost 90% of the employees (appx 130) have been laid off with the remaining being absorbed by Affinidi India. Both of them are Temasek funded in-house ventures.

After Unicorns now it's VCs 😁 Any idea whether this happened in India as well for their new entity ? https://www.forbes.com/sites/kenrickcai/2023/07/24/sequoia-talent-team-layoffs-firm-restructuring/?sh=5d3a78d925f4

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Extremely sad. Labelling laid off folks as underperformers in public. Getting hired in this market would be a huge challenge for them now.

Heard 20% of workforce is laid off in velocity this week.