Upstart Layoffs
Industry Finance · Location SF Bay Area · United States · Subscribe (RSS)
2
Layoff rounds
505
Employees laid off
Post-IPO
Funding stage
$144M
Total raised
UPST $29.74 ▼ 7.84%
close June 5, 2026 Upstart has 2 publicly reported layoff rounds on record between November 1, 2022 and January 31, 2023. A total of about 505 employees were affected across these rounds.
Layoff history
January 31, 2023
Upstart cut 365 employees (20% of staff)
Upstart disclosed a workforce reduction affecting its SF Bay Area operations in January 31, 2023. Approximately 365 roles were eliminated.
Source: marketwatch.com
November 1, 2022
Upstart cut 140 employees (7% of staff)
Upstart disclosed a workforce reduction affecting its SF Bay Area operations in November 1, 2022. Approximately 140 roles were eliminated.
Source: techcrunch.com
Data for Upstart is compiled from public WARN Act filings and reporting linked above. See our methodology.