Samsara lays off 300 employees, launches public alumni directory (Layoff list, San Francisco Bay Area, Atlanta)

Summary

A layoff-tracker post headed “Samsara lays off 300 employees, launches public alumni directory,” carrying the dates 05/21/2020 and 06/19/2020. Samsara is described as maker of Internet-connected sensors for industrial companies, and the post says it let go 300 employees, 18% of staff, in all departments. It reports that the company blamed the economic downturn without giving details and took other steps: salary cuts of 30% for executives for the rest of the year, trimmed non-essential spending and a hiring freeze for 6 months. The post says Samsara followed the example of Airbnb and Uber in launching an official talent directory, and that the Samsara layoff list features 100 ex-employees.

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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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