A total of 522 startups hired 70,698 employees in 2022, according to Layoffs.fyi, which tracks public reports. Among the latest moves, Sema4 Holdings Corp. SMFR,
cut 250 positions on Monday, ContraFect Corp. CFRX,
fell 16 positions, also on Monday. Peloton Interactive Inc. PTON,
said that on August 12 it would eliminate 780 jobs. Layoffs in the sector have been increasing throughout the year, but the pace picked up in May, June and July, according to data from the website. Since the onset of COVID-19, 1,096 startups have laid off 166,661 employees, according to Layoffs.fyi.