The tech industry’s layoff wave shows no signs of abating in 2024. Following substantial workforce reductions in previous years, the trend continues with over 80,000 job cuts across 281 companies already recorded this year. Major players like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have implemented significant layoffs, while even smaller startups have felt the impact, with some forced to cease operations entirely.
Understanding the Impact
By monitoring these layoffs, we gain insight into their broader implications for innovation across both large corporations and emerging startups. Furthermore, it sheds light on the increasing integration of AI and automation in roles previously deemed secure, underscoring the evolving landscape of employment in the tech sector. However, it’s crucial to remember the human toll of these layoffs and the potential consequences for innovation in the industry.
Stay Updated
Below, you’ll find a comprehensive list of tech layoffs in 2024, categorized by month. We will continue to update this list regularly to provide the latest information. If you have any tips on layoffs or wish to remain anonymous, please feel free to reach out to us.
January 2024:
Thinx: Laid off 95 employees, suggesting organizational restructuring or adjustments to business operations.
Proofpoint: Laid off 280 employees, indicating strategic changes or operational optimization within the company.
Wattpad: Laid off approximately 15% of its workforce, reflecting adjustments in response to market conditions or changes in business strategy.
Block: Announced approximately 1,000 layoffs, signaling significant restructuring or strategic realignment.
PayPal: Anticipates company-wide layoffs, suggesting broad organizational changes or strategic shifts.
Aurora Solar: Laid off about 20% of its workforce, indicating strategic adjustments or cost-saving measures within the company.
iRobot: Laid off 350 employees, reflecting changes in business priorities or operational requirements.
Salesforce: Laid off 700 workers, indicating adjustments in response to changing market dynamics or business needs.
Flexport: Plans to lay off approximately 20% of its staff, suggesting strategic realignment or optimization efforts.
Microsoft: Laid off 1,900 employees, signaling significant restructuring or adjustments in response to market conditions.
Swiggy: Cut about 400 jobs, reflecting changes in business strategy or operational requirements.
Aurora: Laid off dozens of workers, indicating adjustments in response to market challenges or changes in business focus.
February 2024:
Fisker: Plans to lay off 15% of its workforce, indicating a strategic restructuring or cost-cutting initiative within the company.
EA: Laid off 5% of its workforce, totaling 670 employees, suggesting adjustments in response to changing market conditions or shifts in business strategy.
Bumble: Laid off about 350 employees, reflecting changes in business priorities or operational needs.
Sony: Laid off 900 employees from its PlayStation unit, indicating restructuring efforts or adjustments in response to market dynamics.
Expedia: Plans to cut 1,500 roles, signaling strategic adjustments or cost-saving measures amid challenging market conditions.
Finder: Laid off approximately 60 employees, suggesting workforce optimization or strategic realignment.
Rivian: Announced layoffs impacting 10% of its salaried workforce, reflecting adjustments in response to market challenges or business needs.
Meati Foods: Laid off 13% of its workforce, indicating strategic restructuring or adjustments in response to operational requirements.
Cisco: Plans to cut 5% of its employees, signaling strategic adjustments or cost-saving measures within the company.
Toast: Announced layoffs affecting about 550 workers, suggesting adjustments in response to changing market dynamics or business priorities.
Instacart: Laid off roughly 250 employees, reflecting changes in business strategy or operational needs.
Mozilla: Plans to lay off about 60 employees, indicating adjustments in response to market conditions or changes in business focus.
March 2024:
ChowNow: Laid off 20% of its staff following the acquisition of point-of-sale platform Cuboh, marking the second significant layoff round in recent years.
Nintendo of America: Restructured its testing department, resulting in the end of some assignments but creating new full-time positions.
Dell: Cut approximately 6,000 jobs globally, as revealed in a 10-K SEC filing, reflecting the company’s ongoing efforts to optimize operations.
Synctera: Made cuts to its staff, indicating a strategic realignment or restructuring within the company.
ShopBack: Eliminated 195 roles to achieve greater sustainability, signaling a shift in business strategy or focus.
Airmeet: Laid off 20% of its total workforce, reflecting strategic adjustments amid changing market conditions.
Chipper Cash: Laid off 20 employees, representing a reduction in workforce size as part of business optimization efforts.
Textio: Cut about 16% of its staff, reflecting organizational adjustments or changes in strategic direction.
Stash: Laid off approximately 25% of its workforce, indicating a significant restructuring or strategic realignment.
Phantom Auto: Shutdown operations, impacting about 100 employees, suggesting challenges in sustaining operations or achieving business objectives.
IBM: Slashed its marketing and communications staff, reflecting ongoing organizational changes or cost-cutting measures.
Inscribe.ai: Cut just under 40% of its staff, reflecting significant restructuring efforts or shifts in business strategy.
Turnitin: Laid off approximately 15 employees, indicating a need for workforce optimization or strategic realignment.
Sorare: Laid off 13% of its staff based in its New York office, signaling changes in business priorities or operational challenges.
Melio: Laid off roughly 7% of its workforce, reflecting adjustments in response to changing market conditions or business needs.
ONE: Announced plans to cut about 13% of its workforce, suggesting a need for cost reduction or strategic realignment.
Project Ronin: Shutdown operations, resulting in a “permanent mass layoff” impacting about 150 employees, indicating challenges in sustaining business operations or achieving profitability.
April 2024:
Enovix: Approximately 170 workers laid off as part of an effort to cut back on annual operating costs, impacting a third of its total headcount.
Microsoft: Closed Arkane Austin, Tango Gameworks, and more game studios, resulting in layoffs.
Cue Health: Eliminated 230 employees, about 49% of its workforce, as a cost-cutting measure.
Luminar: Slashing its workforce by 20%, affecting around 140 employees, in an effort to streamline operations.
Sprinklr: Laid off about 3% of its workforce, impacting 116 people, as part of strategic restructuring efforts.
Peloton: Laid off 15% of its workforce, affecting about 400 people, as part of a cost-cutting effort amid financial challenges.
Fisker: Announced further layoffs to preserve cash, although the exact number of cuts is currently unknown.
Getir: Shutdown operations in the U.S., the U.K., and Europe, impacting at least 6,000 jobs across closing markets.
Ola: Cut about 180 jobs in a profitability push and parted ways with its chief executive officer.
True Anomaly: Laid off nearly 30 people, accounting for about 25% of its workforce, due to duplication of roles and functions across the company.
Expedia: Expected to cut employees in its Austin office for the second time this year, though specific details are not yet available.
Nike: Plans to eliminate 740 employees at its Oregon headquarters, according to a WARN Act notice, as part of a restructuring effort.
Stability AI: Eliminated 10% of its workforce following the exit of the former CEO.
Google: Continued layoffs as part of ongoing cost-cutting measures, though the exact number of employees affected is undisclosed.
Rivian: Reduced its total workforce by 1%, marking the second round of layoffs for the EV maker this year.
Take-Two: Laid off 5% of its workforce, affecting around 579 employees, and announced the elimination of several projects in development.
Tome: Eliminated about 20% of its 59 employees in a restructuring effort aimed at streamlining operations.
Tesla: Cut “more than 10%” of its global workforce, impacting over 14,000 workers worldwide, in preparation for future growth amid a challenging EV market.
Criteo: Reduced its global workforce by nearly 4%, impacting up to 140 employees, as part of strategic restructuring efforts.
TikTok: Laid off 250 employees based in Ireland as part of a broader restructuring of its Training and Quality team.
Hinge Health: Cut approximately 10% of its workforce as it prepares for an IPO and aims to reach profitability.
Checkr: Laid off 382 employees, amounting to 32% of its total workforce, as part of strategic restructuring efforts.
Bolt.Earth: Reportedly laid off a significant part of its staff as part of a restructuring effort, though specific numbers are undisclosed.
Stay informed with latest layoffs with our updated Layoff News Tracker
