Silicon Valley Takes a Hit

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Here is a list of well-known startups and the effect of Covid-19 had on them regarding layoffs.

Uber is at the top of the list with having to close 45 office and lay off 6,700 employees. Airbnb also took a heavy hit as room bookings dropped by over 40% and laid off 25% of its workforce.

Looking at the transportation industry, Lyft and bird also made 17% and 30% reduction in the workforce. In the travel segment, Tripadvisor laid off one quarter of its workforce.

It is interesting to see how Covid-19 has impacted very specific industries related to tourism, transportation, accommodation and more.

Source: Visual Capitalist

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Mark Kalin

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