Sequoia Cuts Seven Talent Staffers on Heels of Partner Shakeup

July 24, 2023, 9:24 PM UTC

The legendary venture firm Sequoia Capital has cut seven people in its talent operations division, a sign of continuedretrenchment in the world of Silicon Valley startups.

The layoffs, which were confirmed by a spokeswoman, represent a third of the firm’s talent division, whose functions include recruiting for startups. The move comes as the firm parts ways with at least five investing partners. Those partners include onetime firm leader Mike Moritz, and Michelle Fradin, who had championed Sequoia’s doomed backing of crypto exchange FTX.

It’s been a year of upheaval for the normally staid firm: In June, ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.