Tech Layoffs in 2024: The technology sector continues to experience significant layoffs into 2024, following extensive job reductions in the preceding years. As of this year, there have been 60,000 job cuts across 254 companies, as reported by Layoffs.fyi, an independent layoffs tracker. Major tech giants like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have implemented substantial layoffs early in the year. Smaller startups have not been immune to these challenges; many have also reduced their workforces significantly or ceased operations entirely.
These layoffs highlight several critical issues within the tech industry. They provide insight into the effects of increasing automation and AI on jobs traditionally considered secure. Furthermore, they underscore the personal and economic impact of such widespread job losses, which can stifle innovation at both large and small companies responsible for Tech Layoffs.
Below is an updated and comprehensive list of tech layoffs that have occurred in 2024, which will continue to be refreshed regularly. For more detailed monthly breakdowns or to report new layoffs:
- January 2024: 19,350 employees laid off. For a detailed list, see January 2024 Tech Layoffs.
- February 2024: 15,589 employees laid off. For more information, see February 2024 Tech Layoffs.
- March 2024: 7,403 employees laid off. Review the full list at March 2024 Tech Layoffs.
- April 2024: 22,153 employees laid off. Details can be found at April 2024 Tech Layoffs.
Notable Company-Specific Layoffs in May 2024
- Sprinklr has laid off approximately 3% of its workforce, impacting 116 employees, as confirmed by TechTalk responsible for Tech Layoffs.
- Peloton is reducing its workforce by 15%, approximately 400 employees, amidst cost-reduction efforts and the stepping down of CEO Barry McCarthy.
Other Significant Tech Layoffs in April 2024
- Tesla has significantly reduced its charging team, as announced by CEO Elon Musk.
- Google has made cuts in key teams including Flutter, Dart, and Python.
- Fisker is laying off more staff to preserve cash, with exact numbers yet to be disclosed responsible for Tech Layoffs.
- Getir is ceasing operations in the U.S., U.K., and Europe, affecting at least 6,000 jobs.
- Ola has cut about 180 jobs in a profitability push and has also dismissed its chief executive, Hemant Bakshi.
- True Anomaly, a space and defense startup, has laid off nearly 30 employees, approximately 25% of its workforce.
- Expedia is expected to make cuts at its Austin office, marking the second round of layoffs there this year.
- Nike plans to eliminate 740 positions at its Oregon headquarters this summer.
- Stability AI is reducing its workforce by 10% following the departure of former CEO Emad Mostaque.
- Google continues its cost-cutting efforts with further layoffs, though specific numbers are currently undisclosed.
- Rivian is reducing its workforce by 1% in its second round of layoffs this year.
- Take-Two is laying off 5% of its workforce, affecting about 579 employees, and has also announced the discontinuation of several projects in development.
- Tome is cutting about 20% of its 59 employees as part of a restructuring effort responsible for Tech Layoffs.
- Tesla is reducing its global workforce by more than 10% in preparation for its next growth phase amid a challenging EV market, impacting potentially over 14,000 employees.
- Criteo is reducing its global workforce by nearly 4%, affecting up to 140 employees.
- TikTok is laying off 250 employees based in Ireland as it restructures its Training and Quality team.
- Hinge Health has cut about 10% of its workforce in preparation for an IPO and to achieve profitability.
- Checkr has laid off 382 employees, 32% of its workforce, as the background-screening platform adjusts its business model.
- Bolt.Earth reportedly laid off a substantial portion of its staff during a restructuring, affecting an estimated 70-100 employees.
- Apple is laying off 614 employees in California following the discontinuation of its electric car project.
- Agility Robotics has reduced a small number of staff as it focuses on commercialization efforts responsible for Tech Layoffs.
- Ghost Autonomy has ceased operations, affecting about 100 employees.
- Whirlpool is shutting down Yummly, the recipe and cooking app it acquired in 2017.
- AWS will cut hundreds of positions across its Sales, Marketing, Global Services, and Physical Stores Technology teams.
- Byju’s is laying off about 500 employees, 3% of its total workforce, as part of a restructuring effort.
Tech Layoffs in March 2024
In March 2024, the technology sector witnessed significant layoffs from various companies:
ChowNow reduced its workforce by 20% following the acquisition of the point-of-sale platform Cuboh, adding to its earlier layoffs of 100 employees in 2022.
Nintendo of America is restructuring its largely contractor-based testing department. According to a statement to Kotaku, while some roles will be terminated, this restructuring will create new full-time positions.
Dell slashed approximately 6,000 jobs globally, as detailed in a 10-K SEC filing, marking a continuation of job cuts totaling 13,000 from the previous year.
Synctera confirmed to TechTalk that it had reduced its staff, with Fintech Business Weekly estimating that 17 employees, or about 15% of its workforce, were affected responsible for Tech Layoffs.
ShopBack is eliminating 195 roles as part of a sustainability drive, as announced by CEO Henry Chan in a blog post, impacting nearly a quarter of its workforce.
Airmeet has reportedly cut 20% of its staff in its second major restructuring within a year.
Chipper Cash announced another series of layoffs affecting 20 employees, according to a blog post by CEO Ham Serunjogi.
Textio has reportedly reduced its workforce by 16% to support its Textio Lift product.
Stash is reportedly reducing its workforce by about 25%, affecting roughly 80 employees, as per Axios.
Phantom Auto is ceasing operations after failing to secure new funding, with the remote driving startup having reduced its staff the previous year, Tech Layoffs reports.
IBM is reportedly cutting a significant portion of its marketing and communications staff, building on its previously announced strategy to replace up to 8,000 jobs with AI responsible for Tech Layoffs
Inscribe.ai has reduced its staff by just under 40%, impacting dozens of employees, the company confirmed to TechCrunch.
Turnitin laid off around 15 employees earlier this year, following CEO Chris Caren’s remarks about reducing the workforce by 20% due to AI advancements responsible for Tech Layoffs.
Sorare has laid off 13% of its staff from its New York office as it shifts focus to its Paris headquarters, a source told Tech Layoffs.
Melio is cutting roughly 7% of its workforce as part of an organizational restructuring, following previous layoffs in August 2022.
ONE is reducing its workforce by about 13%, affecting 40 employees in a second round of layoffs in recent months.
Project Ronin is shutting down, leading to a “permanent mass layoff” of approximately 150 employees.
These Tech layoffs highlight a trend of significant workforce reductions across the tech industry, as companies adjust to market demands, financial pressures, and strategic realignments.
Tech Layoffs in February 2024
In February 2024, the technology sector continued to experience substantial Tech layoffs across various companies:
Fisker announced plans to reduce its workforce by 15%, citing insufficient cash reserves to sustain operations over the next year.
Electronic Arts (EA) reduced its workforce by 5%, affecting 670 employees, as it shifts away from developing future licensed intellectual properties.
Bumble is cutting about 350 employees, which constitutes 30% of its workforce.
Apple is reportedly downsizing hundreds of positions from its halted autonomous electric car project, according to TechCrunch.
Sony is laying off 900 employees from its PlayStation unit, impacting 8% of that division. This will also affect Insomniac Games, Naughty Dog, Guerrilla, and Firesprite studios.
Expedia plans to eliminate 1,500 jobs this year, mainly within its Product & Technology division, amounting to over 8% of its total workforce.
Finder has dismissed approximately 60 employees, 17% of its staff, marking the financial startup’s third significant reduction in the past year.
Rivian is cutting 10% of its salaried employees in an effort to reduce costs amid challenging conditions in the electric vehicle market.
Meati Foods is laying off 13% of its staff as part of efforts to establish a financially sustainable business model, as shared exclusively with TechTalk by CEO Phil Graves.
Cisco announced a 5% reduction in its workforce, impacting over 4,000 employees.
Toast plans to lay off about 550 employees to enhance operational expense efficiency.
Instacart revealed in an SEC filing that it would be laying off approximately 250 employees as part of a broader restructuring initiative.
Mozilla is reducing investments in several projects, which will result in about 60 Tech layoffs, as TechTalk reports.
Grammarly is laying off 230 employees globally as it focuses on advancing its AI-enabled workplace solutions.
Getaround is reducing its North American workforce by 30% as part of a restructuring effort.
Amazon is reportedly making cuts in its One Medical and Amazon Pharmacy sectors, though the exact number of affected roles remains undisclosed.
DocuSign plans to cut 6% of its workforce, predominantly affecting its sales and marketing departments.
Snap intends to reduce its workforce by 10%, impacting around 500 employees, as part of efforts to streamline its organizational structure.
Polygon Labs has dismissed 60 employees, about 19% of its staff, as announced by CEO Marc Boiron in a blog post.
Okta is laying off approximately 400 employees, almost one year after a previous reduction of about 300 staff members.
Tech Layoffs in January 2024
In January 2024, several notable companies in the technology sector announced layoffs, reflecting ongoing industry challenges and restructuring efforts:
Thinx is set to lay off 95 employees in New York City, according to filings with the New York Department of Labor.
Proofpoint confirmed to TechTalk that it is laying off about 6% of its global workforce, which amounts to approximately 280 employees.
Wattpad conducted another round of layoffs, cutting roughly 15% of its workforce, a source familiar with the situation informed TechTalk.
Block reportedly plans to lay off about 1,000 employees across its Cash App, foundational, and Square divisions.
PayPal has reportedly started company-wide layoffs. While the exact number of affected employees is not specified, sources indicate it could be in the thousands.
Aurora Solar has cut 20% of its approximately 1,000-person staff, despite experiencing record growth in the solar industry the previous year, as exclusively reported by TechTalk.
iRobot is laying off 350 employees, or one-third of its workforce, following the termination of Amazon’s acquisition attempt. Longtime CEO Colin Angle has also stepped down.
Salesforce reportedly is laying off 700 workers, about 1% of its workforce, following a substantial reduction of 10% of its staff in 2023.
Flexport is reportedly planning to cut around 20% of its staff in the upcoming weeks. This follows similar cuts made in October when founder Ryan Petersen returned as CEO and reduced the workforce by 20%.
Microsoft is laying off 1,900 employees across its gaming divisions after acquiring Activision Blizzard. Blizzard president Mike Ybarra also announced his resignation responsible for Tech Layoffs.
Swiggy is reducing its workforce by about 400 jobs, 7% of its total, as the food delivery startup seeks to improve its financial standing ahead of a planned IPO later this year.
Aurora has laid off a number of workers, with sources familiar with the decision confirming that about 3% of its workforce has been affected.
eBay plans to lay off 9% of its workforce, impacting about 1,000 full-time employees, as stated in a company blog post. It also plans to reduce contract roles in the coming months.
SAP has announced it will offer voluntary buyouts or job changes to 8,000 employees as part of its restructuring efforts.
Brex has laid off 20% of its staff, affecting 282 employees. Co-CEO Pedro Franceschi explained in a blog post that the company is focusing on long-term thinking and ownership over short-term gains.
TikTok has eliminated around 60 jobs across the U.S. in cities including Los Angeles, New York, and Austin, in addition to international layoffs. The roles affected are primarily in sales and advertising, as reported by NPR.
Vroom is discontinuing its online used car marketplace and laying off 90% of its employees as it reallocates resources to two new business units focused on auto financing and AI-powered analytics.
Riot Games is reducing its workforce by 11%, affecting about 530 employees, as it shifts focus to fewer, high-impact projects. The company is also closing its five-year-old publishing group, Riot Forge.
Wayfair is eliminating 13% of its global workforce, affecting 1,650 employees, in a move to streamline management layers.
YouTube is cutting 100 jobs as part of an organizational restructuring effort focused on its creator management and operations teams, confirmed by a spokesperson to TechCrunch.
Google is laying off hundreds of employees from its advertising sales team, following broader layoffs across its hardware teams, as revealed in a leaked memo. Further layoffs are expected throughout the year, CEO Sundar Pichai informed employees in a memo obtained by the Verge.
Lost Boys Interactive laid off a significant number of employees on January 12, following its acquisition by Gearbox, the maker of Borderlands, in 2022.
Pixar plans to lay off employees, potentially affecting up to 20% of its 1,300-person workforce as Disney seeks to scale back the studio’s output amid streaming profitability challenges, TechCrunch exclusively reported.
Audible is reducing its workforce by 5% due to an increasingly challenging landscape, as detailed in a leaked memo obtained by Business Insider.
Discord is cutting 17% of its staff, impacting 170 employees, due to overly rapid growth, according to an internal memo leaked to the Verge.
These layoffs across various companies illustrate the diverse challenges and strategic shifts occurring within the tech industry as it continues to adapt to economic pressures and evolving market demands.
FAQs on Tech Layoffs in 2024
- What companies have announced major layoffs in the tech sector in 2024?
Companies like Fisker, EA, Bumble, Apple, Sony, Expedia, Finder, Rivian, Meati Foods, Cisco, Toast, Instacart, Mozilla, Grammarly, Getaround, Amazon, DocuSign, Snap, Polygon Labs, Okta, Thinx, Proofpoint, Wattpad, Block, PayPal, Aurora Solar, iRobot, Salesforce, Flexport, Microsoft, Swiggy, Aurora, eBay, SAP, Brex, TikTok, Vroom, Riot Games, Wayfair, YouTube, Google, Lost Boys Interactive, Pixar, Audible, and Discord have announced significant layoffs. - What are the reasons behind these widespread layoffs in the tech industry?
The reasons include financial sustainability efforts, restructuring for efficiency, shifts away from certain projects, cost-cutting measures in tough economic conditions, and strategic realignments towards new technologies like AI. - How many employees are tech companies laying off?
Layoffs range widely, with companies like Microsoft laying off 1,900 employees, Sony laying off 900, and smaller companies like Textio and Chipper Cash making proportionally significant cuts to their workforce. - Which sectors within tech are most affected by the layoffs?
Sectors across the board are affected, including software development, automotive tech, sales and marketing, gaming, health tech, food delivery, and more. - What impact do these layoffs have on the industry’s approach to innovation?
While layoffs can streamline operations and focus resources, they also pose risks to innovation by reducing the workforce available to develop new ideas and products. - Are any tech companies reallocating their resources as a result of the layoffs?
Yes, companies like Vroom and Riot Games are reallocating resources to focus on high-priority projects or new business units, reflecting a shift to optimize productivity and financial health. - What advice is being given to those affected by the tech layoffs?
Affected individuals are advised to seek support from their network, consider broadening their job search to include emerging tech sectors, and possibly re-skill to align with current market demands in areas like AI and machine learning.