The tech industry has been facing challenges due to a tough economy, the COVID-19 pandemic, and some business mistakes. Unfortunately, job cuts have been happening since 2022, and they’ve increased even more in 2023 and 2024. It’s hard to keep track of all these changes, so we’ve put together a list of the major layoffs:
February 2024
- DocuSign: Reduced its workforce by six percent, mostly affecting sales and marketing teams. The company had 7,336 employees at the end of 2023.
- Snap: Cut its workforce by 10 percent, letting go of about 540 employees to promote more in-person collaboration.
January 2024
- Duolingo: Cut 10 percent of its contractors, using AI to handle some tasks.
- Unity: Laid off 1,800 people, a quarter of its employees, adding to previous layoffs.
- Humane AI: Cut 4 percent of its workforce.
- Twitch: Amazon-owned Twitch laid off 35 percent of its staff, around 500 people.
- Amazon: Amazon laid off “several hundred” workers at Prime Video and MGM Studios, and later cut 5 percent of Buy with Prime staff.
- Meta: Let go of 60 technical program managers at Instagram.
- Google: Laid off hundreds of workers in various divisions, including Assistant, hardware, ads, and more. Fitbit’s co-founders also left.
- Discord: Laid off 170 workers, 17 percent of its workforce.
- Riot Games: Cut 11 percent of its global workforce, affecting 530 people.
- eBay: Reduced its workforce by around 1,000 roles, roughly 9 percent of its full-time employees.
- TikTok: Laid off 60 employees, mostly from its sales and advertising division.
- Microsoft: Cut 1,900 jobs across Activision and Blizzard.
- iRobot: Slashed 31 percent of its workforce.
- Block: Laid off around 1,000 workers, mainly affecting the Cash App and Square teams.
- PayPal: Cut nine percent of its workforce, about 2,500 employees, despite strong revenue growth in 2023.
- Sega: Announced plans to lay off 61 workers in March, based in Irvine, California.
These layoffs reflect the ongoing challenges in the tech industry, with various companies facing economic pressures and restructuring efforts.