The Tech Layoff Bloodbath: 2024’s Carnage Continues
As the tech industry continues to bleed jobs, the once-thriving startups and giants alike are forced to confront the harsh reality of the economic downturn. The latest batch of layoffs, totalling over 60,000 job cuts across 254 companies, paints a dire picture of the industry’s future.
The list of casualties is a veritable who’s who of tech heavyweights, including Tesla, Amazon, Google, TikTok, Snap, and Microsoft, among others. Even the smallest startups are not immune, with some folding altogether.
The reasons behind these layoffs are varied, but a common thread runs through them: the need to adapt to a rapidly changing market and the uncertainty surrounding the future of AI and automation.
The impact on innovation is a stark reminder of the human cost of these decisions. As companies prioritize efficiency over creativity, the creative potential of entire teams is being extinguished, leaving only a smoldering ash of what once was.
Below is a comprehensive list of the known layoffs in tech for 2024, to be updated regularly. If you have a tip on a layoff, contact us here.
July 2024
- Kaspersky: Laying off dozens of employees and leaving the US market completely
- Salesforce: Eliminating about 300 employees
- Intuit: Cutting 1,800 employees, impacting 10% of its workforce
- UiPath: Laying off 420 employees, 10% of its total workforce
- UKG: Cutting an estimated 2,200 employees, amounting to nearly 14% of its workforce
- OpenText: Laying off roughly 1,200 employees, almost 2% of its total workforce
- Unacademy: Laying off about 250 employees
- Koo: Ceasing operations
- Upside Foods: Cutting its workforce by 26 people
- Sightful: Eliminating 20 employees, a third of its total workforce
June 2024
- RealPage: Cutting approximately 4% of its workforce
- Planet: Laying off roughly 180 employees, 17% of its workforce
- Moxion Power: Laying off more than 100 employees
- eBay: Reportedly conducting layoffs in Israel
- BeReal: Laying off a large number of employees
- Flutterwave: Laying off about 30 people, 3% of its workforce
- Ginkgo Bioworks: Terminating 158 employees, with another batch of layoffs expected
- Moovit: Cutting 10% of its workforce
- Wex: Laying off 375 employees, 5% of its total workforce
- PayPal: Laying off "hundreds" of employees in its advertising sales team
January 2024
- Google: Laying off hundreds of employees across its Google Assistant division and Pixel, Nest, and Fitbit hardware teams
- Amazon: Laying off "several hundreds" of employees at Prime Video and MGM Studios
- Twitch: Reportedly laying off 500 employees, 35% of its current staff
- Treasure Financial: Confirmed layoffs, cutting 14 employees, 60% to 70% of its workforce
- Duolingo: Cutting 10% of its contractor workforce
- Rent the Runway: Cutting about 10% of its corporate roles
- Unity: Reducing its workforce by about 25%, or 1,800 people
- Pitch: Laying off two-thirds of its employees
- BenchSci: Cutting 17% of its workforce
- Flexe: Eliminating 38% of its staff
- NuScale: Laying off 28% of its staff, or 154 workers
- Trigo: Reportedly laying off 15% of its workforce
- InVision: Shutting down its design collaboration services
- VideoAmp: Laying off nearly 20% of its workforce
- Orca Security: Laying off roughly 15% of its staff
- Frontdesk: Laying off its entire 200-person workforce
