The tech layoff wave continues to be going sturdy in 2024. Following vital workforce reductions in 2022 and 2023, this 12 months has already seen 60,000 job cuts throughout 254 firms, in accordance with impartial layoffs tracker Layoffs.fyi. Corporations like Tesla, Amazon, Google, TikTok, Snap and Microsoft have carried out sizable layoffs within the first months of 2024. Smaller-sized startups have additionally seen a good quantity of cuts, and in some instances, have shut down operations altogether.
By monitoring these layoffs, we’re in a position to perceive the affect on innovation throughout firms giant and small. We’re additionally in a position to see the potential affect of companies embracing AI and automation for jobs that had beforehand been thought of protected. It additionally serves as a reminder of the human affect of layoffs and what could possibly be at stake with regard to elevated innovation.
Beneath you’ll discover a complete checklist of all of the recognized layoffs in tech which have occurred in 2024, to be up to date frequently. If in case you have a tip on a layoff, contact us right here. In the event you desire to stay nameless, you may contact us right here.
Might 2024
Sprinklr
Has laid off about 3% of its workforce, impacting 116 folks, the corporate confirmed to For Millionaires in an announcement. The cuts come over a 12 months after the corporate eradicated about 4% of its headcount.
Peloton
Is shedding 15% of its workforce, affecting about 400 folks, as a part of a cost-cutting effort. The corporate’s CEO Barry McCarthy can also be stepping down.
April 2024
Tesla
Has gutted its charging crew in a brand new spherical of layoffs, CEO Elon Musk introduced in an in a single day electronic mail to executives.
Has laid off workers throughout key groups like Flutter, Dart and Python. It’s at present unclear what number of workers had been let go.
Fisker
Is shedding extra workers to “protect money,” in accordance with an inside electronic mail considered by For Millionaires. The variety of cuts is at present unknown.
Getir
Is shutting down operations within the U.S., the U.Ok. and Europe, impacting no less than 6,000 jobs throughout the closing markets.
Ola
Is slicing about 180 jobs in a profitability push and has let go its chief govt Hemant Bakshi, a supply conversant in the matter advised For Millionaires.
True Anomaly
The area and protection startup laid off almost 30 folks, accounting for about 25% of its workforce, as a result of “duplication of roles and capabilities throughout the corporate,” For Millionaires solely reported.
Expedia
Is predicted to cut employees in its Austin office for the second time this 12 months.
Nike
Plans to eliminate 740 employees at its Oregon headquarters this summer season, in accordance with a WARN Act discover.
Stability AI
Is eliminating 10% of its workforce following the exit of former CEO Emad Mostaque.
Is laying off workers as part of continued cost cutting measures. The variety of workers affected was on the time unknown.
Rivian
Is reducing its total workforce by 1%. It’s the second spherical of layoffs for the EV maker this 12 months.
Take-Two
Is laying off 5% of its workforce, affecting round 579 workers. The GTA 6 writer additionally introduced the elimination of “a number of initiatives” in growth.
Tome
Is eliminating about 20% of its 59 employees in a restructuring effort.
Tesla
Is slicing “greater than 10%” of its world workforce, per an inside electronic mail despatched by CEO Elon Musk. That might affect greater than 14,000 staff worldwide, as Tesla prepares itself “for our subsequent section of progress” amid a difficult EV market.
Criteo
Is lowering its world workforce by almost 4%, impacting as much as 140 workers.
TikTok
Is laying off 250 employees based mostly in Eire because it restructures its Coaching and High quality crew.
Hinge Well being
Lower roughly 10% of its workforce, For Millionaires solely realized, as the corporate prepares for an IPO and goals to succeed in profitability.
Checkr
Has laid off 382 workers, amounting to 32% of its complete workforce, For Millionaires solely realized. The background-screening platform was final valued at $5 billion in April of 2022.
Bolt.Earth
Reportedly laid off a large a part of its workers in a restructuring effort. The variety of workers impacted is at present unknown, however sources told Inc42 that it could possibly be “within the vary of 70-100” staff.
Apple
Is shedding 614 workers in California after abandoning its electrical automobile venture, in accordance with a WARN notice.
Agility Robotics
Has laid off a “small quantity” of workers as a part of a company-wide deal with commercialization efforts.
Ghost Autonomy
Shut down operations. The corporate, which was backed by OpenAI, employed about 100 folks.
Whirlpool
Is shutting down Yummly, the recipe and cooking app it acquired in 2017.
AWS
Will cut hundreds of jobs throughout Gross sales, Advertising and marketing, International Companies and its Bodily Shops Expertise crew.
Byju’s
Is shedding about 500 employees, accounting for 3% of its complete workforce, as a part of a restructuring effort.
March 2024
ChowNow
Has laid off 20% of its workers after buying point-of-sale platform Cuboh. The corporate beforehand laid off 100 folks in 2022.
Nintendo of America
Is restructuring its testing division, which is essentially made up of contractors. A Nintendo spokesperson told Kotaku the adjustments will finish some assignments however will result in the creation of latest full-time positions.
Dell
Lower its world workforce by about 6,000 jobs, in accordance with a 10-K SEC filing. The submitting reveals the corporate minimize 13,000 jobs in the last year.
Synctera
Has made cuts to its workers, the corporate confirmed to For Millionaires. A report in Fintech Enterprise Weekly estimates that 17 folks, or about 15% of the corporate, had been impacted.
ShopBack
Is slicing 195 roles in an effort to turn into extra sustainable, CEO Henry Chan wrote in a blog post. The layoffs affect almost 1 / 4 of its workers.
Airmeet
Reportedly eliminated 20% of its total workforce in its second restructuring effort up to now 12 months.
Chipper Money
Carried out one other spherical of layoffs impacting 20 workers, CEO Ham Serunjogi announced in a blog post.
Textio
Has reportedly cut 16% of its staff in a strategic transfer to help its Textio Raise product.
Stash
Is reportedly shedding around 25% of its workforce. In accordance with Axios, the cuts have an effect on roughly 80 folks.
Phantom Auto
Is shutting down after failing to safe new funding, For Millionaires has realized. The distant driving startup, which had minimize workers final 12 months, employed a bit of greater than 100 folks.
IBM
Is reportedly slashing its advertising and communications workers. The corporate beforehand introduced a technique to exchange upwards of 8,000 jobs with AI.
Inscribe.ai
Lower just below 40% of its workers, equating to dozens of workers, the corporate confirmed to For Millionaires.
Turnitin
Laid off round 15 folks earlier this 12 months, following feedback from CEO Chris Caren that the corporate would be capable of cut back 20% of its headcount due to AI.
Sorare
Laid off 13% of its workers based mostly in its New York workplace because the web3 fantasy sports activities platform focuses on its Paris headquarters, a supply conversant in the matter advised For Millionaires.
Melio
Is eliminating roughly 7% of its workforce as a part of organizational restructuring. The fintech unicorn final carried out layoffs in August 2022.
ONE
Is slicing about 13% of its workforce, affecting 40 workers. It’s the second round of layoffs for the battery startup in current months.
Challenge Ronin
Is shutting down, resulting in a “permanent mass layoff” impacting round 150 workers.
February 2024
Fisker
Plans to put off 15% of its workforce and says it seemingly doesn’t have sufficient money available to outlive the following 12 months.
EA
Lower 5% of its workforce, impacting 670 workers, because it strikes away from the “development of future licensed IP.”
Bumble
Is letting go of about 350 workers, accounting for 30% of its workforce.
Apple
Is probably going slicing lots of of workers who labored on the corporate’s autonomous electrical automobile venture now that the hassle has stopped, For Millionaires has realized.
Sony
Is shedding 900 workers from its PlayStation unit, affecting 8% of the division’s workforce. Insomniac Video games, Naughty Canine, Guerrilla and Firesprite studios will also be impacted.
Expedia
Will reportedly cut 1,500 roles in 2024, primarily in its Product & Expertise division, accounting for greater than 8% of the corporate’s workforce.
Finder
Eradicated roughly 60 employees, or 17% of its workforce. It’s the monetary startup’s third main layoff spherical up to now 12 months.
Rivian
Is shedding 10% of its salaried workforce in a bid to chop prices in an more and more powerful marketplace for EVs.
Meati Meals
Will lay off 13% of its workforce as it really works to “construct a financially sustainable enterprise,” CEO Phil Graves advised For Millionaires solely.
Cisco
Introduced it should get rid of 5% of its workers, impacting more than 4,000 people.
Toast
Will lay off about 550 workers in a transfer designed to advertise “working expense effectivity.”
Instacart
Introduced in an SEC submitting that it’s going to lay off roughly 250 employees as a part of a restructuring effort.
Mozilla
Is scaling again its funding in plenty of merchandise, For Millionaires has realized, leading to layoffs that may have an effect on roughly 60 workers.
Grammarly
Is shedding 230 workers worldwide as a part of the corporate’s efforts to advance its deal with “the AI-enabled workplace of the future.”
Getaround
Is slicing 30% of its North American workforce as a part of a restructuring.
Amazon
Is reportedly cutting jobs in its healthcare companies One Medical and Amazon Pharmacy. The variety of impacted roles is at present unknown.
DocuSign
Introduced plans to get rid of 6% of its workforce, largely impacting the corporate’s gross sales and advertising divisions.
Snap
Introduced plans to chop 10% of its workforce, impacting roughly 500-plus workers, in an effort to “cut back hierarchy.”
Polygon Labs
Has laid off 60 workers, or about 19% of its workers, CEO Marc Boiron introduced in a blog post.
Okta
Is shedding roughly 400 workers. The layoffs come nearly precisely a 12 months to the day after Okta introduced plans to chop about 300 workers.
January 2024
Thinx
Will lay off 95 workers in New York Metropolis, in accordance with a submitting with the New York Division of Labor.
Proofpoint
Is shedding about 6% of its world workforce, or 280 workers, the corporate confirmed to For Millionaires.
Wattpad
Carried out one other spherical of layoffs earlier this month, amounting to roughly 15% of its workforce, a supply conversant in the scenario advised For Millionaires.
Block
Is reportedly shedding round 1,000 folks within the Money App, foundational and Sq. arms of Block.
PayPal
Has reportedly begun company-wide layoffs. Whereas it’s unclear how many individuals will probably be affected, one supply advised For Millionaires it was anticipated to be within the “hundreds.”
Aurora Photo voltaic
Has laid off 20% of its workers of about 1,000 folks, For Millionaires solely realized. The cuts to the software program startup come regardless of report progress within the photo voltaic business final 12 months.
iRobot
Is shedding 350 folks, or one-third of its headcount, after Amazon’s bid to amass the Roomba-maker shuttered. Longtime CEO Colin Angle has additionally stepped down.
Salesforce
Is reportedly laying off 700 workers, or round 1% of its workers. This comes after the corporate had a major discount of 10% of its workforce in 2023.
Flexport
Is reportedly planning to chop round 20% of its workers within the subsequent few weeks. The corporate introduced comparable cuts in October, when founder Ryan Petersen returned as CEO and slashed its workforce by 20%.
Microsoft
Is shedding 1,900 workers throughout its gaming divisions following its acquisition of Activision Blizzard. Blizzard president Mike Ybarra introduced he may even be stepping down.
Swiggy
Is slicing about 400 jobs, 7% of its workforce, because the meals supply startup seeks to carry additional enhancements to its funds forward of a deliberate IPO later this 12 months.
Aurora
Laid off dozens of staff, in accordance with sources conversant in the choice. The autonomous car know-how firm has since confirmed that about 3% of its workforce has been laid off.
eBay
Will lay off 9% of the corporate’s workforce, affecting about 1,000 full-time workers. In a blog post, the corporate additionally plans to chop contract roles within the coming months.
SAP
Introduced it intends to supply voluntary buyouts or job changes to eight,000 workers amid restructuring.
Brex
Laid off 20% of its workers, affecting 282 staff. In a blog post, Co-CEO Pedro Franceschi stated that the corporate is prioritizing “long-term pondering and possession over short-term positive factors in our comp construction.”
TikTok
Eradicated round 60 jobs throughout the U.S. in Los Angeles, New York, and Austin along with layoffs in worldwide markets. The affected roles, in accordance with NPR’s preliminary reporting, are largely in gross sales and promoting.
Vroom
Is slicing 90% of its workers because it shuts down its on-line used automobile market and shifts assets into two enterprise models: one centered on auto financing and the opposite on AI-powered analytics.
Riot Video games
Is laying off 11% of its workforce, affecting about 530 workers, as the corporate focuses on “fewer, high-impact initiatives.” The League of Legends maker can also be sunsetting its five-year-old publishing group, Riot Forge.
Wayfair
Is eliminating 13% of its global workforce, affecting 1,650 workers, in a restructuring effort aimed toward slicing layers of administration.
YouTube
Will get rid of 100 workers, a spokesperson confirmed to For Millionaires, as a part of a restructuring effort in its creator administration and operations groups.
Is shedding “hundreds” of employees in its promoting gross sales crew, in accordance with a leaked memo. The cuts come every week after the corporate did sweeping layoffs throughout its {hardware} groups. And extra layoffs will come all year long, as CEO Sundar Pichai advised the corporate in a memo obtained by the Verge.
Misplaced Boys Interactive
Reportedly laid off a “sizable” number of employees January 12. The sport developer studio was acquired by Borderlands maker Gearbox in 2022.
Pixar
Goes to put off workers in 2024, For Millionaires solely realized, with the full impacted workers doubtlessly reaching as excessive as 20% of the animation studio’s 1,300 particular person workforce. The cutbacks come as Disney seems to scale back the studio’s output because it struggles to realize profitability in streaming.
Audible
Is shedding 5% of its workforce, citing an “more and more difficult panorama,” in accordance with a leaked memo obtained by Enterprise Insider.
Discord
Is shedding 17% of its workers, impacting 170 folks. In an inside memo obtained by the Verge, Discord CEO Jason Citron blamed the cuts on the corporate rising too shortly.
Laid off lots of of workers throughout its Google Assistant division and the crew that manages Pixel, Nest and Fitbit {hardware}. The corporate confirmed to For Millionaires that Fitbit co-founders James Park and Eric Friedman are additionally exiting.
Amazon
Is shedding “a number of lots of” of workers at Prime Video and MGM Studios, in accordance with a memo obtained by For Millionaires. The cuts come days after the 500 layoffs at Amazon’s Twitch.
Twitch
Is reportedly shedding 500 workers, 35% of its present workers, amid a continued battle to realize profitability within the face of rising prices and neighborhood backlash. The pending layoffs come after lots of extra workers had been laid off in 2023.
Treasure Monetary
Confirmed to TechCunch that layoffs, carried out in December, had impacted 14 workers, accounting for 60% to 70% of the corporate, in accordance with a number of sources.
Duolingo
Confirmed it minimize 10% of its contractor workforce on the finish of 2023 because it turns to AI to streamline content material manufacturing and translations beforehand dealt with by people.
Lease the Runway
Will minimize about 10% of corporate roles because it goes by a restructuring plan following Anushka Salinas’ deliberate resignation as working chief and president on the finish of January.
Unity
Is lowering its workforce by about 25%, or 1,800 folks. The online game engine maker went by three rounds of layoffs in 2023.
Pitch
Laid off two-thirds of its workers because the German startup, which constructed collaborative presentation software program, seems to pursue a “fully totally different path.” CEO and co-founder Christian Reber additionally stepped down.
BenchSci
The AI and biomedical startup reportedly minimize 17% of its workforce January 8, citing “shifts in the economic environment,” in a LinkedIn submit asserting the layoffs.
Flexe
Eradicated 38% of its staff January 8 as the net retail logistics firm follows up after conducting layoffs in September 2023.
NuScale
Introduced January 8 it’s shedding 28% of its staff, or 154 staff, because the small modular nuclear reactor firm shifts its focus to “key strategic areas.”
Trigo
Is reportedly shedding 15% of its workforce centered on laptop imaginative and prescient for retailers.
InVision
Is shutting down on the finish of 2024 after a 12 12 months run. The design collaboration startup was as soon as valued at almost $2B.
VideoAmp
Is shedding nearly 20% of its workforce because it tries to keep up its battle with Nielsen over media measurement. CEO Ross McCray stepped down from the corporate.
Orca Safety
Is shedding roughly 15% of its staff, totaling 60 workers. The Israel-based unicorn reportedly plans to maneuver some impacted workers into different positions on the firm.
Frontdesk
Laid off its total 200-person workforce January 2 after makes an attempt to lift extra capital failed, For Millionaires solely realized. The mass layoff comes simply seven months after the startup acquired rival Zencity.
