“/Image Credits: Bryce Durbin / TechCrunch
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.
By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. It also serves as a reminder of the human impact of layoffs and what could be at stake in regards to increased innovation.
Below you’ll find a comprehensive 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.
May 2024
Enovix
Laid off roughly 170 workers, impacting a third of its total headcount, in an effort to cut back on annual operating costs.
Microsoft
Closed Arkane Austin, Tango Gameworks, and more game studios as part of cuts at Bethesda. It’s currently unclear how many employees will be impacted.
Cue Health
Is eliminating 230 employees, about 49% of its workforce, in a cost cutting measure laid out in documents filed with the U.S. SEC.
Luminar
Is slashing its workforce by 20%. The cuts will affect around 140 employees, and the company is also cutting ties with “the majority” of its contract workers.
Sprinklr
Has laid off about 3% of its workforce, impacting 116 people, the company confirmed to TechCrunch in a statement. The cuts come over a year after the company eliminated about 4% of its headcount.
Peloton
Is laying off 15% of its workforce, affecting about 400 people, as part of a cost-cutting effort. The company’s CEO Barry McCarthy is also stepping down.
April 2024
Tesla
Has gutted its charging team in a new round of layoffs, CEO Elon Musk announced in an overnight email to executives.
Has laid off staff across key teams like Flutter, Dart and Python. It is currently unclear how many employees were let go.
Fisker
Is laying off more employees to “preserve cash,” according to an internal email viewed by TechCrunch. The number of cuts is currently unknown.
Getir
Is shutting down operations in the U.S., the U.K. and Europe, impacting at least 6,000 jobs across the closing markets.
Ola
Is cutting about 180 jobs in a profitability push and has let go its chief executive Hemant Bakshi, a source familiar with the matter told TechCrunch.
True Anomaly
The space and defense startup laid off nearly 30 people, accounting for about 25% of its workforce, due to “duplication of roles and functions across the company,” TechCrunch exclusively reported.
Expedia
Is expected to cut employees in its Austin office for the second time this year.
Nike
Plans to eliminate 740 employees at its Oregon headquarters this summer, according to a WARN Act notice.
Stability AI
Is eliminating 10% of its workforce following the exit of former CEO Emad Mostaque.
Is laying off workers as part of continued cost cutting measures. The number of employees affected was at the time unknown.
Rivian
Is reducing its total workforce by 1%. It’s the second round of layoffs for the EV maker this year.
Take-Two
Is laying off 5% of its workforce, affecting around 579 employees. The GTA 6 publisher also announced the elimination of “several projects” in development.
Tome
Is eliminating about 20% of its 59 employees in a restructuring effort.
Tesla
Is cutting “more than 10%” of its global workforce, per an internal email sent by CEO Elon Musk. That could impact more than 14,000 workers worldwide, as Tesla prepares itself “for our next phase of growth” amid a challenging EV market.
Criteo
Is reducing its global workforce by nearly 4%, impacting up to 140 employees.
TikTok
Is laying off 250 employees based in Ireland as it restructures its Training and Quality team.
Hinge Health
Cut approximately 10% of its workforce, TechCrunch exclusively learned, as the company prepares for an IPO and aims to reach profitability.
Checkr
Has laid off 382 employees, amounting to 32% of its total workforce, TechCrunch exclusively learned. The background-screening platform was last valued at $5 billion in April of 2022.
Bolt.Earth
Reportedly laid off a sizable part of its staff in a restructuring effort. The number of employees impacted is currently unknown, but sources told Inc42 that it could be “in…
Read More: A comprehensive list of 2024 tech layoffs