Samsara lays off 300 employees (Layoffs.fyi, May 21, 2020)

Summary

A Layoffs.fyi entry dated 05/21/2020 and 06/19/2020 on Samsara, which makes Internet-connected sensors that help industrial companies optimize their operations. It lists 300 employees (18%) laid off across all departments, in the San Francisco Bay Area and Atlanta. The entry says the company raised $400 million at a $5.4 bn valuation, below the $6.3 bn from its September raise, and was also cutting executive salaries by 30% and freezing hiring for 6 months. It mentions a talent directory with 100 ex-employees, mostly in the Bay Area.

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Samsara lays off 300 employees, launches public alumni directory

05/21/2020 06/19/2020 Layoff list Atlanta , Logistics , Samsara , San Francisco

🌎 San Francisco Bay Area, Atlanta ∙ 👩 300 employees (18%) ∙ 🖥 All departments

Samsara, which makes Internet-connected sensors that help industrial companies optimize their operations, laid off 300 employees yesterday (18%). The company also raised $400 million at a lower valuation ($5.4 bn) than the one from its September raise ($6.3 bn).

Samsara blamed the economic downturn for its layoff without specifying details, though its down round suggests that the company was operating without enough cash to last through the pandemic.

Samsara is also implementing other cost-cutting measures such as slashing executive salaries by 30% for the rest of the year, cutting non-essential spending, and freezing hiring for 6 months.

Following the example set by Airbnb and Uber , the company launched an official Samsara talent directory (see link below 👇 ). The Samsara layoff list features 100 ex-employees, mostly in the Bay Area.

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