\n<\/p>\n
The tech-wide reckoning<\/a><\/span> that began in 202<\/a>2 and ran throughout into 2023 has continued into this year. <\/span>And while 2024\u2019s losses are not at that scale, they\u2019re still significant, driven by big names like Pixar<\/a>, Google<\/a>, Microsoft<\/a>, Mozilla<\/a> and TikTok<\/a>. <\/span>It remains to be seen if this year\u2019s layoff trends follow last year\u2019s, in which layoffs <\/span>slowed down<\/span><\/a> in the summer, before cuts <\/span>began ramping up yet again<\/span><\/a> toward the winter.<\/span><\/p>\n Momentum for a tech sector rebound remains slow to build, outside of bright spots within artificial intelligence and adjacent companies, 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 started last year, 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 final total of layoffs for 2023 ended up being 262,735, according to Layoffs.fyi<\/a>. Tech layoffs conducted in 2023 were 59% higher than 2022\u2019s total, according to the data in the tracker. And 2024 is off to a rough start despite not reaching the peak of last year\u2019s first quarter cutbacks.<\/p>\n Plans to lay off <\/span>15% of its workforce<\/span><\/a> and says it likely does not have enough cash on hand to survive the next 12 months.<\/span><\/p>\n Cut <\/span>5% of its workforce<\/span><\/a>, impacting 670 employees, as it moves away from the <\/span>\u201cdevelopment of future licensed IP.\u201d<\/span><\/a><\/p>\n Is letting go of about 350 employees, accounting for 30% of its workforce.<\/span><\/p>\n Is likely <\/span>cutting hundreds of employees<\/span><\/a> who worked on the company\u2019s autonomous electric car project now that the effort has stopped, TechCrunch has learned.<\/span><\/p>\n Is laying off <\/span>900 employees<\/span><\/a> from its PlayStation unit, affecting 8% of the division\u2019s workforce. Insomniac Games, Naughty Dog, Guerrilla and Firesprite studios <\/span>will also be impacted<\/span><\/a>.<\/span><\/p>\n Will <\/span>reportedly cut 1,500 roles in 2024<\/span><\/a>, primarily in its Product & Technology division, accounting for more than 8% of the company\u2019s workforce.<\/span><\/p>\n Eliminated roughly <\/span>60 employees<\/span><\/a>, or 17% of its workforce. It\u2019s the financial startup\u2019s third major layoff round in the past 12 months.<\/span><\/p>\n Is laying off <\/span>10% of its salaried workforce<\/span><\/a> in a bid to cut costs in an increasingly tough market for EVs.<\/span><\/p>\n Will lay off 13% of its workforce as it works to \u201cbuild a financially sustainable business,\u201d <\/span>CEO Phil Graves told TechCrunch exclusively<\/span><\/a>.<\/span><\/p>\n Announced it will eliminate 5% of its employees, impacting <\/span>more than 4,000 people<\/span><\/a>.<\/span><\/p>\n Will lay off <\/span>about 550 workers<\/span><\/a> in a move designed to promote \u201coperating expense efficiency.\u201d<\/span><\/p>\n Announced in an SEC filing that it will <\/span>lay off roughly 250 employees<\/span><\/a> as part of a restructuring effort.<\/span><\/p>\n Is scaling back its investment in a number of products, TechCrunch has learned, resulting in <\/span>layoffs that will affect roughly 60 employees<\/span><\/a>.<\/span><\/p>\n Is laying off <\/span>230 employees worldwide<\/span><\/a> as part of the company\u2019s efforts to advance its focus on <\/span>\u201cthe AI-enabled workplace of the future.\u201d<\/span><\/a><\/p>\n Is cutting <\/span>30% of its North American workforce<\/span><\/a> as part of a restructuring.<\/span><\/p>\n Is reportedly <\/span>cutting jobs<\/span><\/a> in its healthcare businesses One Medical and Amazon Pharmacy. The number of impacted roles is currently unknown.<\/span><\/p>\n Announced plans to eliminate <\/span>6% of its workforce<\/span><\/a>, largely impacting the company\u2019s sales and marketing divisions.<\/span><\/p>\n Announced plans <\/span>to cut 10% of its workforce<\/span><\/a>, impacting roughly 500-plus employees, in an effort to \u201creduce hierarchy.\u201d<\/span><\/p>\n Has <\/span>laid off 60 employees<\/span><\/a>, or about 19% of its staff, CEO Marc Boiron announced <\/span>in a blog post<\/span><\/a>.<\/span><\/p>\n Is <\/span>laying off approximately 400 employees<\/span><\/a>. The layoffs come almost exactly a year to the day after Okta announced plans to cut about 300 employees.<\/span><\/p>\n Will lay off <\/span>95 workers<\/span><\/a> in New York City, according to a filing with the New York Department of Labor.<\/span><\/p>\n Is laying off about <\/span>6% of its global workforce<\/span><\/a>, or 280 employees, the company confirmed to TechCrunch.<\/span><\/p>\n Conducted <\/span>another round of layoffs<\/span><\/a> earlier this month, amounting to roughly 15% of its workforce, a source familiar with the situation told TechCrunch.\u00a0<\/span><\/p>\n Is reportedly <\/span>laying off around 1,000 people<\/span><\/a> in the Cash App, foundational and Square arms of Block.<\/span><\/p>\n Has <\/span>reportedly begun company-wide layoffs<\/span><\/a>. While it is unclear how many people will be affected, one source told TechCrunch it was expected to be in the \u201cthousands.\u201d<\/span><\/p>\n Has <\/span>laid off 20% of its staff<\/span><\/a> of about 1,000 people, TechCrunch exclusively learned. The cuts to the software startup come despite record growth in the solar industry last year.<\/span><\/p>\n Is <\/span>laying off 350 people<\/span><\/a>, or one-third of its headcount, after Amazon\u2019s bid to acquire the Roomba-maker shuttered. Longtime CEO Colin Angle has also stepped down.<\/span><\/p>\n Is <\/span>reportedly laying off 700 workers<\/span><\/a>, or around 1% of its staff. This comes after the company had <\/span>a significant reduction of 10% of its workforce<\/span><\/a> in 2023.<\/span><\/p>\n Is reportedly <\/span>planning to cut around 20% of its staff<\/span><\/a> in the next few weeks. The company announced similar cuts in October, when founder Ryan Petersen returned as CEO and <\/span>slashed its workforce by 20%.<\/span><\/a><\/p>\n Is <\/span>laying off 1,900 employees<\/span><\/a> across its gaming divisions following its acquisition of Activision Blizzard. Blizzard president Mike Ybarra announced he will also be stepping down.<\/span><\/p>\n Is <\/span>cutting about 400 jobs<\/span><\/a>, 7% of its workforce, as the food delivery startup seeks to bring further improvements to its finances ahead of a planned IPO later this year.<\/span><\/p>\n Laid off dozens of workers<\/span><\/a>, according to sources familiar with the decision. The autonomous vehicle technology company has since confirmed that about 3% of its workforce has been laid off.<\/span><\/p>\n Will <\/span>lay off 9% of the company\u2019s workforce<\/span><\/a>, affecting about 1,000 full-time employees. In <\/span>a blog post<\/span><\/a>, the company also plans to cut contract roles in the coming months.<\/span><\/p>\n Announced it intends to offer <\/span>voluntary buyouts or job changes<\/span><\/a> to 8,000 employees amid restructuring.<\/span><\/p>\n Laid off 20% of its staff<\/span><\/a>, affecting 282 workers. In <\/span>a blog post<\/span><\/a>, Co-CEO Pedro Franceschi said that the company is prioritizing \u201clong-term thinking and ownership over short-term gains in our comp structure.\u201d<\/span><\/p>\n\n
Data visualization by Miranda Halpern<\/a>, created with Flourish<\/a><\/h6>\n
February 2024<\/h2>\n
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