Cohere
Is reportedly laying off about 20 employees, accounting for nearly 5% of its total workforce. The cuts came the day after the company announced it raised $500 million at a $5 billion valuation.
Magic Leap
Reportedly eliminated around 75 of its workers. As part of the cuts, the augmented reality startup reportedly axed its sales and marketing departments entirely.
Mercari
Is reportedly laying off nearly half of its employees in the U.S. as the Japan-based company struggles to compete with other e-commerce rivals like Temu.
Aqua
Is eliminating 50 employees, accounting for 10% of its total workforce. Earlier this year, the cybersecurity company raised $60 million at a $1 billion valuation, making it a unicorn.