Tech Layoffs Persist in 2024: Major Companies Cut Thousands of Jobs

The tech industry continues to witness a persistent wave of layoffs in 2024. After significant downsizing in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, as reported by the independent layoffs tracker Layoffs. Fyi. Major players such as Tesla, Amazon, Google, TikTok, Snap, and Microsoft have implemented substantial layoffs in the first few months 2024.

Smaller startups have also been affected, with some forced to cease operations entirely. These layoffs not only highlight the growing adoption of AI and automation but also underscore the human toll and potential impact on innovation across companies of all sizes.

Below is a detailed list of tech layoffs in 2024, which will be regularly updated. If you have any information about layoffs, please get in touch with us. If you prefer to remain anonymous, you can contact us here.

January 2024:

• 19,350 employees were laid off
• Notable layoffs: Thinx, Proofpoint, Wattpad

February 2024:

• 15,589 employees were laid off
• Notable layoffs: Fisker, EA, Bumble

March 2024:

• 7,403 employees laid off
• Notable layoffs: ChowNow, Nintendo of America, Dell

April 2024:

• 22,153 employees laid off
• Notable layoffs: Tesla, Google, Fisker

May 2024:

• Enovix: Laid off roughly 170 workers
• Microsoft: Closed multiple game studios
• Cue Health: Eliminated 230 employees
• Luminar: Slashed workforce by 20%
• Sprinklr: Laid off about 3% of its workforce
• Peloton: Laying off 15% of its workforce
• And more layoffs have been reported across various companies.

These layoffs signal ongoing challenges in the tech industry and the need for companies to adapt to changing market dynamics.

SOURCE: TECHCRUNCH

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Ikenna Churchill

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