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Home News

OfferUp Has Laid Off 22% Of Its Workforce

The company said the layoffs are part of efforts to adapt to market changes and align resources for the future.

Emma AscottbyEmma Ascott
December 13, 2024
in News
Reading Time: 1 min read
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OfferUp Has Laid Off 22% Of Its Workforce

As of Thursday morning, OfferUp listed 483 employees on its LinkedIn page.

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Bellevue-based online marketplace OfferUp has laid off 22% of its workforce. The layoffs were announced to employees on Wednesday. 

While OfferUp disclosed the percentage of its workforce affected, it did not provide specific details about the number of employees or the departments impacted. As of Thursday morning, OfferUp listed 483 employees on its LinkedIn page.

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The company explained that the decision was part of its ongoing efforts to adapt to changing market conditions. 

As OfferUp focuses on aligning its resources with key priorities for the future, it has made the difficult choice to reduce its staff, according to King 5. 

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This move is aimed at supporting the company’s transition from being a local marketplace for items to a broader platform for local classifieds and community connections.

In response to the layoffs, OfferUp emphasized its commitment to supporting affected employees through severance packages and career assistance during their transition. 

The company also reiterated its focus on improving the user experience for its diverse community of consumers, business clients, and partners.

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Source: King5
Tags: BusinessHuman Resources (HR)North AmericaWorkforce
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Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

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