The tech layoff wave continues to be going robust in 2024. Following important workforce reductions in 2022 and 2023, this 12 months has already seen 60,000 job cuts throughout 254 corporations, in response to unbiased layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have performed sizable layoffs within the first months of 2024. Smaller-sized startups have additionally seen a good quantity of cuts, and in some circumstances, have shut down operations altogether.
By monitoring these layoffs, we’re in a position to perceive the influence on innovation throughout corporations giant and small. We’re additionally in a position to see the potential influence of companies embracing AI and automation for jobs that had beforehand been thought of protected. It additionally serves as a reminder of the human influence of layoffs and what may very well be at stake with reference to elevated innovation.
Below you’ll discover a complete listing of all of the recognized layoffs in tech which have occurred in 2024, to be up to date commonly. If you’ve gotten a tip on a layoff, contact us right here. If you favor to stay nameless, you’ll be able to contact us right here.
June 2024
Microsoft
Is reportedly chopping a whole bunch of staff working in its Azure cloud enterprise, although the precise variety of staff impacted is presently unknown.
OrCam
Is shedding 100 staff months after decreasing its headcount by 50 staff.
Is reportedly making giant cuts globally throughout a number of of its Cloud groups, together with groups centered on sustainability, consulting and accomplice engineering.
Tropic
Is eliminating 40 staff as a part of a restructuring effort, CEO David Campbell wrote in a put up on LinkedIn.
May 2024
Gro Intelligence
Is shutting down its operations after shedding 60% of its workers in March in an try to remain afloat.
Jasper Health
Has laid off a considerable a part of its workforce, TechCrunch discovered. Engineering and product design departments have been most impacted by the cuts on the most cancers care platform startup.
Cirium
Is shedding 37 tech staff at FlightStats, the flight monitoring startup it acquired in 2016, because it plans to consolidate its operations in India and the U.Ok.
Walnut
Is chopping 15 staff in a spherical of layoffs, impacting 20% of the Israeli startup’s whole workforce.
Fisker
Has laid off a whole bunch of staff in a bid to maintain the EV startup alive. One present and one laid off worker informed TechCrunch completely that an estimated 150 individuals stay on the firm.
Cue Health
Is shutting down its operations and shedding the remainder of its workers. The COVID-19 take a look at firm laid off half of its workforce earlier this month to chop prices.
Foursquare
Has let go of 105 staff as the corporate seeks to “streamline” its operations, in response to an e-mail to staffers from present CEO Gary Little.
Lucid Motors
Is shedding about 400 staff, roughly 6% of its workforce, as a part of a restructuring forward of the launch of its first electrical SUV later this 12 months.
TikTok
Will reportedly make giant cuts to its international operations and advertising and marketing groups. The quantity of staff impacted is presently unknown.
Pixar
Will reportedly reduce 14% of its workers, impacting 175 staff, as the corporate shifts its focus from unique Disney+ programming again to movies.
Replit
Let go of 20% of its workers because the coding startup shifts its focus to enterprise gross sales.
SeekOut
Cut about 30% of its whole workforce. The recruiting startup that makes use of AI to seek out candidates was final valued at over $1.2 billion in January 2022.
Gopuff
Eliminated 6% of its workers in one other spherical of layoffs because the fast-delivery startup makes an attempt to change into cash-flow constructive by the tip of 2024.
Atmosphere
Plans to put off 106 staff, in response to a WARN discover filed in Texas.
Mainvest
Has shut down its operations. The variety of staff affected is presently unknown.
Indeed
Is chopping roughly 1,000 jobs, impacting 8% of the corporate’s headcount, CEO…
