\n<\/p>\n
Last year\u2019s techwide<\/span> reckoning<\/span><\/a> continues. The tech industry has seen <\/span>more than 240,000 jobs<\/span><\/a> lost in 2023, a total that\u2019s already 50% higher than last year and growing. Earlier this year, mass workforce reductions were driven by the biggest names in tech like <\/span>Google<\/span><\/a>, <\/span>Amazon<\/span><\/a>, <\/span>Microsoft<\/span><\/a>, <\/span>Yahoo<\/span><\/a>, <\/span>Meta<\/span><\/a> and <\/span>Zoom<\/span><\/a>. Startups across many sectors also announced cutbacks through the first half of the year. And while tech layoffs <\/span>slowed down<\/span><\/a> in the summer and fall, it appears that cuts <\/span>are ramping up yet again<\/span><\/a>.<\/span><\/p>\n Many economists have cautioned against fears of a recession, which would seem like a <\/span>reason for optimism<\/span><\/a>. But the momentum for a tech sector rebound has been slow to build, resulting in tech companies continuing to cut back on their workforces and pivot from a growth mindset to one based on efficiency in the face of stubborn market conditions.<\/span><\/p>\n But <\/span>tracking these layoffs<\/span><\/a> helps us to understand the impact on innovation, which companies are facing tough pressures and who is available to hire for the businesses lucky to be growing right now. Unfortunately, it also serves as a reminder of the deeply human impact of layoffs and <\/span>how risk profiles could evolve from here<\/span><\/a>.\u00a0<\/span><\/p>\n Below you\u2019ll find a comprehensive list of all the known layoffs in tech that have occurred in 2023, to be updated monthly. If you have a tip on a layoff, contact us <\/span>here<\/a>. If you prefer to remain anonymous, you can contact us <\/span>here<\/a>.<\/span><\/p>\n The running total of layoffs for 2023 based on full months to date is 224,503, according to Layoffs.fyi<\/a>. Tech layoffs conducted to date this year currently exceed the total number of tech layoffs in 2022, according to the data in the tracker.<\/p>\n Is cutting a <\/span>\u201cfew hundred\u201d<\/span><\/a> roles, a person familiar with the matter told TechCrunch November 9. ByteDance\u2019s Oculus challenger held an internal meeting announcing it is halting its expansion this week.<\/span><\/p>\n Started <\/span>laying off contingent workers<\/span><\/a> who supported driverless operations November 9. Those layoffs came after the company <\/span>recalled 950<\/span><\/a> robotaxis and <\/span>lost key commercial permits<\/span><\/a> to operate in California.<\/span><\/p>\n Laid off less than <\/span>20 project managers<\/span><\/a> November 8. <\/span>CNBC reported<\/span><\/a> that Snap\u2019s vice president of engineering, \u200b\u200bNima Khajehnouri, will also be leaving.<\/span><\/p>\n Started <\/span>cutting workers<\/span><\/a> in its music streaming division in Latin America, North America and Europe, the company confirmed November 8.<\/span><\/p>\n Confirmed November 8 it <\/span>eliminated \u201ca small number of roles\u201d<\/span><\/a> in its consumer support staff, Google Users & Products.<\/span><\/p>\n Said in a memo to staff November 8 it is <\/span>cutting costs and reducing staff<\/span><\/a>. The number of employees impacted is currently unknown.<\/span><\/p>\n Confirmed November 7 it will <\/span>cut 98 roles<\/span><\/a> in business administration and IT. Ubisoft said 124 positions will be eliminated overall across Canada, including reductions in its global IT team and its VFX studio, Hybride.<\/span><\/p>\n Revealed in its Q3 earnings that it is reducing its workforce <\/span>by 25%.<\/span><\/a><\/p>\n Announced cuts November 6 <\/span>affecting around 19%<\/span><\/a> of its non-production employees. The plant-based meat company says it will also review its entire global operations for cost-cutting opportunities.\u00a0<\/span><\/p>\n Is cutting <\/span>12% of its workforce<\/span><\/a>, CEO Emin G\u00fcn Sirer confirmed November 6.<\/span><\/p>\n Laid off about <\/span>50% of its staff<\/span><\/a>, the company confirmed November 3. CEO Devin Finzer <\/span>posted a statement<\/span><\/a> on X saying the NFT marketplace is now focused on \u201cOpenSea 2.0.\u201d<\/span><\/p>\n Is laying off <\/span>more than 10% of its staff<\/span><\/a> ahead of the company spinning out from Lionsgate, CEO Jeffrey Hirsch announced November 3. The network and streaming app will also exit Australia and the U.K.<\/span><\/p>\n Laid off <\/span>about 250 people<\/span><\/a> November 3 as part of restructuring. The wholesale marketplace raised a $416 million extension at a $12.6 billion valuation last year.<\/span><\/p>\n Confirmed to TechCrunch November 3 that it is issuing a round of layoffs affecting <\/span>about 10% of their workforce<\/span><\/a>, citing \u201cfierce competition.\u201d<\/span><\/p>\n Is reducing its workforce by 20%, CEO John Robinson <\/span>announced November 2<\/span><\/a>. The esports brand is spinning out its game studio as well as its energy drink brand, Juvee.<\/span><\/p>\n Conducted a round of layoffs, CEO Jeevan Kalanithi <\/span>announced November 2<\/span><\/a>. The number of employees impacted by the layoffs has yet to be reported.<\/span><\/p>\n Informatica<\/b><\/p>\n Is laying off <\/span>10% of its global workforce<\/span><\/a>, the cloud data management company announced in its Q3 results November 1.<\/span><\/p>\n Is set to cut <\/span>around 500 employees<\/span><\/a> CEO Gary Steele said in a message to employees November 1 ahead of its planned <\/span>acquisition by Cisco<\/span><\/a>.<\/span><\/p>\n Is laying off about 100 employees, CEO Pete Parsons <\/span>announced 10\/30<\/span><\/a>. The Sony-owned game studio is also delaying two of its upcoming titles as a result.<\/span><\/p>\n Reportedly cut an estimated <\/span>10% of its workforce<\/span><\/a> October 27 after the financial startup for creators raised a $70 million Series B round earlier this year.<\/span><\/p>\n Plans to <\/span>eliminate 120 roles<\/span><\/a>, the company said in an SEC filing October 30.<\/span><\/p>\n Plans to cut <\/span>850 members of its staff<\/span><\/a>, the insurance company confirmed October 27.<\/span><\/p>\n Cut <\/span>110 jobs<\/span><\/a> and are moving some roles abroad, CEO and co-founder Jason Purcell announced October 25.<\/span><\/p>\n Is <\/span>shutting down<\/span><\/a>, months after its former CEO Chris Kirchner was arrested on fraud charges and sued the company to pay for his legal bills.<\/span><\/p>\n Announced October 24 in a company statement that it laid off <\/span>3.5% of <\/span><\/a>their workforce and will close many open roles.<\/span><\/p>\n The <\/span>X alternative<\/span><\/a> previously known as T2 announced October 24 that it is shutting down its operations.<\/span><\/p>\n Announced October 19 that it will cut <\/span>up to 14,000 jobs<\/span><\/a>, or 16% of its workforce, following a sizable dip in Q3.<\/span><\/p>\n Cut 15 roles<\/span><\/a> on October 24, two years after the joint effort with Tencent abruptly paused its service.<\/span><\/p>\n Eliminated 26 roles, CEO David Campbell <\/span>confirmed in a LinkedIn post<\/span><\/a> October 21.<\/span><\/p>\n Is halting operations due to a \u201cmassive freight recession,\u201d CEO Dan Lewis <\/span>announced in a memo<\/span><\/a> October 19, a week after laying off 20% of its workforce.<\/span><\/p>\n Plans to lay off <\/span>more than 100 workers<\/span><\/a> in its sales division, the company disclosed in a Worker Adjustment and Retraining Notification Act letter.<\/span><\/p>\n\n
Data visualization by Miranda Halpern<\/a>, created with Flourish<\/a><\/h6>\n
November 2023<\/strong><\/h2>\n
Pico<\/h3>\n
Cruise<\/h3>\n
Snap<\/h3>\n
Amazon<\/h3>\n
Google<\/h3>\n
Virgin Galactic<\/h3>\n
Ubisoft Montreal<\/h3>\n
Nextdoor<\/h3>\n
Beyond Meat<\/h3>\n
Ava Labs<\/h3>\n
OpenSea<\/h3>\n
Starz<\/h3>\n
Faire\u00a0<\/span><\/h3>\n
Niu<\/h3>\n
100 Thieves<\/h3>\n
OpenSpace<\/h3>\n
Splunk<\/h3>\n
October 2023<\/h2>\n
Bungie<\/h3>\n
Karat<\/h3>\n
Hippo<\/h3>\n
Liberty Mutual<\/h3>\n
Salsify<\/h3>\n
Slync<\/h3>\n
Shipt<\/h3>\n
Pebble<\/h3>\n
Nokia<\/h3>\n
Roblox China<\/h3>\n
Tropic<\/h3>\n
Convoy<\/h3>\n
LegalZoom<\/h3>\n
Plume<\/h3>\n