In 2024, the technology sector continues to face significant workforce reductions. This article aims to provide a detailed and updated overview of the layoffs occurring across major tech companies and startups.
By understanding the scope and scale of these layoffs, we can gain insights into the industry’s challenges and the potential impact on innovation and employment.
August 2024
Apple is reportedly cutting around 100 jobs in its digital services group, potentially impacting workers in the company’s Books and News teams.
Brave has laid off 27 employees across the different departments, impacting roughly 14% of the web browser and search startup’s total staff.
Scale AI terminated more than 1,000 remote contract workers. The company did not categorize the cuts as layoffs and says full-time employees have not been impacted.
July 2024
Rad Power Bikes conducted its most recent layoffs in July, with an unknown number of Rad Power’s roughly 394 employees impacted.
Match Group has discontinued livestreaming services across its dating apps, resulting in a 6% reduction in its total workforce.
Bungie will cut 220 employees, representing around 17% of the game studio’s total workforce. CEO Pete Parsons said the changes impact all levels of the company, including senior and executive leadership.
June 2024
RealPage will cut approximately 4% of its workforce as part of a plan to boost growth.
Planet intends to lay off roughly 180 employees, amounting to 17% of its workforce.
Moxion Power is laying off more than 100 employees, according to a WARN filing. The news of the cuts comes after the company launched a large office expansion in Richmond, California.
May 2024
Gro Intelligence is shutting down its operations after laying off 60% of its staff in March in an attempt to stay afloat. Jasper Health has laid off a substantial part of its workforce. Engineering and product design departments were most impacted by the cuts at the cancer care platform startup.
Cirium is laying off 37 tech workers at FlightStats, the flight tracking startup it acquired in 2016, as it plans to consolidate its operations in India and the U.K. Walnut is cutting 15 employees in a round of layoffs, impacting 20% of the Israeli startup’s total workforce.
April 2024
Tesla has gutted its charging team in a new round of layoffs, CEO Elon Musk announced in an overnight email.
Google 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.
March 2024
Reliance, the largest conglomerate in India, laid off more than 42,000 people in its fiscal year, which ended in March. That significant number accounted for 11% of its workforce.
ChowNow has laid off 20% of its staff after acquiring point-of-sale platform Cuboh. The company previously laid off 100 people in 2022.
Nintendo of America is restructuring its testing department, which is largely made up of contractors. A Nintendo spokesperson told Kotaku the changes will end some assignments but will lead to the creation of new full-time positions.
February 2024
Fisker plans to lay off 15% of its workforce and says it likely does not have enough cash on hand to survive the next 12 months. EA cut 5% of its workforce, impacting 670 employees, as it moves away from the ‘development of future licensed IP.’ Bumble is letting go of about 350 employees, accounting for 30% of its workforce.
January 2024
Thinx will lay off 95 workers in New York City, according to a filing with the New York Department of Labor. Proofpoint is laying off about 6% of its global workforce, or 280 employees.
Wattpad conducted another round of layoffs earlier this month, amounting to roughly 15% of its workforce, a source familiar with the situation told TechCrunch. Block is reportedly laying off around 1,000 people in the Cash App, foundational and Square arms of Block. PayPal has reportedly begun company-wide layoffs. While it is unclear how many people will be affected, one source told TechCrunch it was expected to be in the ‘thousands.’
The ongoing wave of layoffs in the tech industry highlights the volatility and challenges within the sector. These reductions, ranging from major corporations to smaller startups, indicate a broader trend of cost-cutting and strategic realignments.
While these layoffs may provide short-term financial relief for companies, the long-term implications on innovation and workforce morale remain to be seen. It is crucial for the industry to navigate these challenges carefully to sustain growth and stability.
Source: Techcrunch