The Great Tech Purge: 2024’s Bloodbath of Layoffs
As the tech industry continues to implode, the layoffs just keep coming. In 2024, a staggering 60,000 jobs have been cut across 254 companies, with no end in sight. The usual suspects are at it again, with giants like Tesla, Amazon, Google, and Microsoft leading the charge.
But it’s not just the big boys who are shedding staff. Smaller startups are also feeling the pinch, with many forced to shut down operations altogether. The likes of Tally, Branch.io, and Ready Robotics have all bitten the dust, leaving their employees to pick up the pieces.
And then there are the companies that are trying to pivot, but are still cutting jobs left and right. InVision, the design collaboration startup, is shutting down at the end of the year, while VideoAmp, the media measurement company, is laying off nearly 20% of its workforce.
But what’s behind this bloodbath of layoffs? Is it the usual suspects – the economy, the market, the competition? Or is something more sinister at play? One thing is for sure: the tech industry is in chaos, and it’s only going to get worse.
The Layoffs: A Comprehensive List
Here is a list of all the known layoffs in tech that have occurred in 2024, to be updated regularly. If you have a tip on a layoff, contact us here. If you prefer to remain anonymous, you can contact us here.
- August 2024:
- Sonos: 100 employees laid off
- Cisco: thousands of jobs to be eliminated
- Tally: shut down operations
- Branch.io: over 100 employees laid off
- Ready Robotics: shut down operations
- Eventbrite: 100 employees laid off
- LegalZoom: 15% of workforce reduced
- Techstars: 17% of staff laid off
- Mobius: shut down operations
- Infineon: 1,400 jobs cut
- Jam City: 85 employees laid off
- Discord: 17% of staff laid off
- Google: hundreds of employees laid off
- Amazon: "several hundreds" of employees laid off
- Twitch: 500 employees laid off
- Treasure Financial: 14 employees laid off
- Duolingo: 10% of contractor workforce cut
- Rent the Runway: 10% of corporate roles cut
- Unity: 25% of workforce reduced
- Pitch: two-thirds of employees laid off
- BenchSci: 17% of workforce reduced
- Flexe: 38% of staff laid off
- NuScale: 28% of workforce reduced
- Trigo: 15% of workforce reduced
- InVision: shutting down
- VideoAmp: nearly 20% of workforce laid off
- Orca Security: 15% of staff laid off
- Frontdesk: entire 200-person workforce laid off
Author: Kayitsi.com
