Technology News

2024 Tech Layoffs: A Comprehensive Overview

15 August 2024

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Zaker Adham

The wave of tech layoffs continues to surge in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to Layoffs.fyi. Major companies like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have conducted substantial layoffs in the first months of 2024. Smaller startups have also faced significant cuts, with some shutting down operations entirely.

 

Tracking these layoffs helps us understand their impact on innovation across both large and small companies. It also highlights the potential effects of businesses adopting AI and automation for roles previously considered secure. Additionally, it serves as a reminder of the human impact of layoffs and the stakes involved in increased innovation.

 

Below is a regularly updated list of all known tech layoffs in 2024. If you have a tip on a layoff, contact us here. If you prefer to remain anonymous, you can contact us here.

 

January 2024: 19,350 employees laid off — see all January 2024 Tech Layoffs

 

February 2024: 15,589 employees laid off — see all February 2024 Tech Layoffs

 

March 2024: 7,403 employees laid off — see all March 2024 Tech Layoffs

 

April 2024: 22,153 employees laid off — see all April 2024 Tech Layoffs

 

May 2024: 9,882 employees laid off — see all May 2024 Tech Layoffs

 

June 2024: 10,083 employees laid off — see all June 2024 Tech Layoffs

 

July 2024: 8,851 employees laid off — see all July 2024 Tech Layoffs

August 2024:

 

•  Sonos: CEO Patrick Spence confirmed with TechCrunch that the company cut 100 employees in a new layoff round, impacting 6% of the workforce. Sonos previously reduced its headcount by 7% in 2023.

 

•  Cisco: Will reportedly eliminate thousands of jobs in another round of layoffs this year. The company previously laid off more than 4,000 employees in February 2024.

 

•  Tally: Has shut down its operations after exploring all options before running out of cash. The fintech previously helped users manage and pay off their credit card debt; it had 183 employees and was last valued at $855 million.

 

•  Branch.io: Has laid off more than 100 employees. Nova Launcher, acquired by Branch in 2022, said the cuts reduced its team to one full-time developer.

 

•  READY Robotics: Has reportedly stopped its operations and is now auctioning off equipment through the Silicon Valley Disposition.

 

•  Eventbrite: Is cutting around 100 employees, accounting for 11% of its total workforce. The online ticketing company previously let go of 8% of its employees in February 2023.

 

•  LegalZoom: Announced it will reduce its global workforce by 15% and pause future hiring efforts to save $25 million.

 

•  Techstars: Is laying off 17% of its staff and ending its $80 million J.P. Morgan-backed programs at the end of this year following financial losses and leadership shakeups.

 

•  Mobius: Will completely shut down operations after facing financial struggles. The Kenya-based SUV manufacturer cited tax hikes as a driving force of the decision.

 

•  Infineon: Will cut 1,400 jobs globally, including hundreds of roles at its German plant. The company will also relocate an additional 1,400 employees to countries with lower labor costs.

 

•  Jam City: Has eliminated around 85 employees, affecting 10% of the video game developer and publisher’s total workforce.

 

•  Dell: Will conduct layoffs as the company plans to get “leaner,” according to an internal memo, and create a new sales unit focused on AI products and services. The number of employees impacted is currently unknown.

 

•  Intel: Kicked off the month with substantial layoffs, with 15,000 employees accounting for 15% of its total staff affected by the company’s cutbacks. “Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI,” CEO Pat Gelsinger said in a memo announcing the layoffs.