According to Layoff.fyi, a website that monitors layoffs for startups, the wave of the COVID-19 pandemic was the first stroke of the startup honeymoon. One by one, businesses fell, and those who survived fell in the end just when the pandemic hit.
According to data, there are 808 startups laying off workers worldwide. As a result, it is estimated that 135,302 startup employees have been laid off. This data has been calculated since March 11, 2020, in the early phase of the pandemic.
Which startups have had the most layoffs? Here is the list as seen by us, Saturday (18/6/2022):
10 Startups with the most layoffs in the world:
1. Uber (San Francisco/transport) 6,700 employees
2. Getir (Istanbul/food) 4,480 employees
3. Booking.com (Amsterdam/travel) 4,375 employees
4. Better.com (New York/real estate) 3,000 employees
5. Groupon (Chicago/retail) 2,800 employees
6. Peloton (New York/fitness) 2,800 employees
7. Carvana (Phoenix/transport) 2,500 employees
8. Katerra (San Francisco/construction) 2,434 employees
9. Zillow (Seattle/real estate) 2,000 employees
10. Airbnb (San Francisco/travel) 1,900 employees
11. Instacart (San Francicso/food) 1,877 employees
12. WhiteHat Jr (Mumbai/education) 1,800 employees
13. Bytedance (Mumbai/consumer) 1,800 employees
14. Bytedance (Shanghai/consumer) 1,800 employees
15. Agoda (Singapore/travel) 1,500 employees
16. Paisa Bazaar (Gurugram/finance) 1,500 employees
17. Ola (Bengaluru/transport) 1,400 employees
18. Stitch Fix (San Francisco/retail) 1,400 employees
19. Toast (Boston/food) 1,300 employees
20. Stone (Sao Paulo/finance) 1,300 employees
From the top 20, it appears that there are 11 startup companies from the United States, which are dominated by San Francisco. As is known, the center of American startups is in Silicon Valley, which is included in the San Francisco Bay Area.
From Southeast Asia, only Singapore is included in the top 20 startups with the most layoffs, namely Agoda. Of course, everyone hopes that this startup wobble can be overcome and will not have an impact on Indonesia.