The tech industry has been experiencing a wave of layoffs in recent years, and 2024 is no exception. According to independent layoffs tracker Layoffs.fyi, there have already been 60,000 job cuts across 254 companies in the tech sector this year. Major companies like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have all conducted significant layoffs. Even smaller startups have been hit hard, with some shutting down operations altogether.
These layoffs have a significant impact on the tech industry as a whole. By tracking them, we can gain insight into the effects on innovation and the potential consequences of businesses embracing AI and automation. It’s a reminder of the human impact of these job cuts and what’s at stake in terms of increased innovation.
Here is a comprehensive list of the known layoffs in the tech industry in 2024:
**June 2024**
– Microsoft: The company is reportedly cutting hundreds of employees in its Azure cloud business, although the exact number is unknown.
– OrCam: The company is laying off 100 employees, following a previous reduction in headcount earlier this year.
– Google: The company is reportedly making large cuts across several of its Cloud teams globally.
– Tropic: The company is eliminating 40 employees as part of a restructuring effort.
**May 2024**
– Gro Intelligence: The company is shutting down its operations after laying off 60% of its staff earlier this year.
– Jasper Health: The cancer care platform startup has laid off a substantial part of its workforce.
– Cirium: The flight tracking startup is laying off 37 tech workers as it plans to consolidate its operations.
– Walnut: The Israeli startup is cutting 15 employees in a round of layoffs.
– Fisker: The EV startup has laid off hundreds of employees to stay afloat.
– Cue Health: The COVID-19 test company is shutting down its operations and laying off the rest of its staff.
– Foursquare: The company has let go of 105 employees as part of a streamlining effort.
– Lucid Motors: The company is laying off about 400 employees ahead of the launch of its first electric SUV.
– TikTok: The social media platform will reportedly make large cuts to its global operations and marketing teams.
– Pixar: The animation studio is cutting 14% of its staff as it shifts its focus back to films.
– Replit: The coding startup is letting go of 20% of its staff as it shifts focus to enterprise sales.
– SeekOut: The recruiting startup is cutting about 30% of its workforce.
– Gopuff: The fast-delivery startup is eliminating 6% of its staff.
– Atmosphere: The company plans to lay off 106 employees.
– Mainvest: The company has shut down its operations.
– Indeed: The company is cutting roughly 1,000 jobs, impacting 8% of its headcount.
– Motional: The company has cut around 40% of its workforce.
– Google: The company will eliminate 57 positions in San Francisco.
– Vacasa: The company is eliminating 800 employees, accounting for 13% of its workforce.
– Brilliant: The smart home technology company has laid off most of its staff.
– Enovix: The company has laid off roughly 170 workers, impacting a third of its headcount.
– Microsoft: The company has closed several game studios as part of cuts at Bethesda.
– Cue Health: The company is eliminating 230 employees, about 49% of its workforce.
– Luminar: The company is slashing its workforce by 20%.
– Sprinklr: The company has laid off about 3% of its workforce.
– Peloton: The company is laying off 15% of its workforce.
**April 2024**
– Tesla: The company has laid off employees in its charging team.
– Google: The company has laid off staff across key teams.
– Fisker: The company is laying off more employees to preserve cash.
– Getir: The company is shutting down operations in the U.S., U.K., and Europe.
– Ola: The company is cutting about 180 jobs in a profitability push.
– True Anomaly: The space and defense startup has laid off nearly 30 people.
– Expedia: The company is expected to cut employees in its Austin office.
– Nike: The company plans to eliminate 740 employees at its Oregon headquarters.
– Stability AI: The company is eliminating 10% of its workforce.
– Google: The company is laying off workers as part of cost-cutting measures.
– Rivian: The company is reducing its total workforce by 1%.
– Take-Two: The company is laying off 5% of its workforce.
– Tome: The company is eliminating about 20% of its employees.
– Tesla: The company is cutting more than 10% of its global workforce.
– Criteo: The company is reducing its global workforce by nearly 4%.
– TikTok: The company is laying off 250 employees based in Ireland.
– Hinge Health: The company has cut approximately 10% of its workforce.
– Checkr: The background-screening platform has laid off 382 employees.
– Bolt.Earth: The company has reportedly laid off a sizable part of its staff.
– Apple: The company is laying off 614 employees in California.
– Agility Robotics: The company has laid off a small number of employees.
– Ghost Autonomy: The company has shut down operations.
– Whirlpool: The company is shutting down Yummly, the recipe and cooking app it acquired.
– AWS: The company will cut hundreds of jobs across various teams.
– Byju’s: The company is laying off about 500 employees.
**March 2024**
– ChowNow: The company has laid off 20% of its staff.
– Nintendo of America: The company is restructuring its testing department.
– Dell: The company has cut its global workforce by about 6,000 jobs.
– Synctera: The company has made cuts to its staff.
– ShopBack: The company is cutting 195 roles.
– Airmeet: The company has reportedly eliminated 20% of its workforce.
– Chipper Cash: The company has conducted another round of layoffs.
– Textio: The company has reportedly cut 16% of its staff.
– Stash: The company is reportedly laying off around 25% of its workforce.
– Phantom Auto: The company is shutting down operations.
– IBM: The company is reportedly slashing its marketing and communications staff.
– Inscribe.ai: The company has cut just under 40% of its staff.
– Turnitin: The company has laid off around 15 people.
– Sorare: The company has laid off 13% of its staff.
– Melio: The company is eliminating roughly 7% of its workforce.
– ONE: The company is cutting about 13% of its workforce.
– Project Ronin: The company is shutting down, impacting around 150 employees.
These layoffs paint a clear picture of the challenges facing the tech industry in 2024. Companies of all sizes are being forced to make tough decisions in order to survive and adapt to a rapidly changing market. The impact on employees and their families cannot be understated, and it serves as a reminder of the human cost of these job cuts. As the industry continues to evolve and embrace new technologies like AI and automation, it’s important to consider the potential consequences for employment in the sector.