LegalZoom
Announced it will reduce its global workforce by 15% and pause future hiring efforts in an effort to save $25 million.
Techstars
Is laying off 17% of its staff and ending its $80 million J.P. Morgan-backed programs at the end of this year following a rocky period for the company that has included financial losses and leadership shakeups.
Mobius
Will completely shut down operations after facing financial struggles. The Kenya-based SUV manufacturer reportedly cited tax hikes as a driving force of the decision.
Infineon
Will cut 1,400 jobs globally, including hundreds of roles at its German plant. The company said it will also relocate an additional 1,400 employees to countries with lower labor costs.
Jam City
Has eliminated around 85 employees, affecting 10% of the video game developer and publisher’s total workforce.