Uber, Robinhood and other SF tech companies are laying off hundreds

Software company New Relic is laying off 155 US workers and up to 57 overseas, according to Company note. CEO Bill Staples writes that the company reduces redundancy and roles that are not aligned with priorities. In the past fiscal year, the company lost $55.2 million from operations.

Ride-hailing giant Uber has cut about 200 workers in its recruiting team as hiring slows, according to a memo. Obtained by The Wall Street Journal. The layoffs follow hundreds more in its freight and food delivery divisions, but Uber’s layoffs account for less than 3% of its 32,000 workers, far less than some of its delivery rivals. Lyft, its smaller competitor, has cut about 30% of workers this year.

Online brokerage Robinhood employs about 150 workers — 7% of the staff — the Journal I mentioned too. It’s the company’s third round of cuts in the past year.

Robinhood rode the wave of free stock trading to 21 million users in mid-2021, but that number is down to less than 11 million users as of May, according to company filings. Earlier this month, Robinhood said seven employees at its Menlo Park office would also be laid off, according to one government document.

Software company Anaplan has laid off 119 employees at its 50 Hawthorne Street headquarters, according to the filing of the state’s Personnel Amendment and Retraining Notice. Affected workers included engineers, analysts, designers, and managers. Private equity firm Thoma Bravo bought the company in a $10.4 billion deal last year.

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