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Aug. 16, 2022, 8:42 a.m. EDT

Tech startup layoffs approach 71,000 in 2022

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By Steve Gelsi

A total of 522 startups have laid of 70,698 employees in 2022, according to Layoffs.fyi, which tracks public reports. Among the more recent moves, Sema4 Holdings Corp. /zigman2/quotes/222186587/composite SMFR +4.93% cut 250 positions on Monday, ContraFect Corp. /zigman2/quotes/200604437/composite CFRX -1.55% dropped 16 positions, also on Monday. Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON +7.00% said Aug. 12 it would eliminate 780 jobs. Layoffs in the sector have been increasing all year, but the pace has gained in May, June and July, according to data from the website. Since the start of COVID-19, 1,096 startups have laid of 166,661 employees, according to Layoffs.fyi.

/zigman2/quotes/222186587/composite
US : U.S.: Nasdaq
$ 0.92
+0.04 +4.93%
Volume: 795,230
Oct. 3, 2022 1:37p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$334.01 million
Rev. per Employee
$159,241
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/zigman2/quotes/200604437/composite
US : U.S.: Nasdaq
$ 0.17
-0.0026 -1.55%
Volume: 135,091
Oct. 3, 2022 1:28p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.61 million
Rev. per Employee
N/A
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/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 7.42
+0.49 +7.00%
Volume: 12.50M
Oct. 3, 2022 1:38p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.35 billion
Rev. per Employee
$366,605
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