Vroom
Is cutting 90% of its employees as it shuts down its online used car marketplace and shifts resources into two business units: one focused on auto financing and the other on AI-powered analytics.
Riot Games
Is laying off 11% of its workforce, affecting about 530 employees, as the company focuses on “fewer, high-impact projects.” The League of Legends maker is also sunsetting its five-year-old publishing group, Riot Forge.
Wayfair
Is eliminating 13% of its global workforce, affecting 1,650 employees, in a restructuring effort aimed at cutting layers of management.
YouTube
Will eliminate 100 employees, a spokesperson confirmed to TechCrunch, as part of a restructuring effort in its creator management and operations teams.