The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 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.
October 2024
Employees across multiple teams across Meta have been laid off as the company looks to “ensure resources are aligned with their long-term strategic goals,” in the words of its emailed statement to TechCrunch. What Meta did not detail was the scope or specific teams affected by the layoffs, though Threads, recruiting and legal were confirmed not to be unaffected.
Boeing
Will cut 10% of its workforce, impacting roughly 17,000 employees. The cuts follow a loss of $9.97 a share in Q3 amid a continued machinist union strike.
Stellantis
Is laying off 1,100 employees in Michigan, impacting the company’s subsidiary brands Chrysler, Jeep, Ram, and Dodge.
TikTok
Is laying off hundreds of employees, mainly in Malaysia, as the social network turns to AI for content moderation. The company said fewer than 500 people were affected.
Samsung
Is cutting jobs in Southeast Asia and Australia to “improve operational efficiency.” A spokesperson told TechCrunch that it hasn’t “set a target number for any particular positions,” though the cuts could impact roughly 10% of workers in those markets
Kasperksy
Is shutting down its UK office and laying off dozens of workers, TechCrunch has learned. The cuts come just three months after the company started closing down its U.S. operations.
NFX
Laid off four employees as the firm looks to “rebalance” its resources from its software and product teams to its investing team, general partner Pete Flint told TechCrunch.
Eaze
Is laying off 500 employees as it begins winding down its operations. In a message to staff, CEO Cory Azzalino cited the “ongoing challenges of the California cannabis market” as a reason for the closure.
PubMatic
Eliminated 1% of its total workforce, impacting roughly more than a dozen employees, as it reportedly pivots its business to connected-TV advertising.
Tome
Has laid off nearly a third of its employees in a “resetting” attempt for the company. It’s the second layoff round for the AI startup in 2024.
Alma
Has laid off 9% of its total workforce, impacting most departments, as it aims for “long-term sustainability.”
Flexport
Is reducing its headcount by about 2%. It’s the second layoff round for Flexport this year, where the company cut 20% of its staff in January.
FreshBooks
Let go of 140 employees across all of its teams as it aims to reach profitability, CEO Mara Reiff announced in a blog post.
September 2024
Shein
Has cut 17 employees in Singapore as the company prepares for an IPO at the London Stock Exchange.
Drata
The security compliance platform has laid off 9% of its workforce, impacting 40 employees.
Moov
Reportedly laid off upwards of 50 employees, though Moov itself has not yet confirmed the layoffs.
FreightWaves
Eliminated 16 jobs in sales, HR, and marketing, citing a significant downturn in the freight market.
Northvolt
Is cutting 25% of its global workforce in an effort to cut costs. The layoffs impact upwards of 1,600 employees at the battery giant.
Olo
Is reducing its workforce by 9%, impacting roughly 50 employees, as it aims to fund future growth initiatives.
Healthy.io
Cut 40 employees across its markets in the U.S., the UK, and Israel. The cuts come after the Israeli healthtech firm laid off 70 employees in 2023.
Reverb
Reportedly eliminated 40 roles. The Chicago-based music gear marketplace was acquired by Etsy in 2019.
Luminar
Is reducing its staff by 30% as part of a new cost-cutting measure, CEO Austin Russell announced in a blog post. The cuts are largely made up of “non-technical” roles.
Notable Labs
Is eliminating 65% of its workforce and consultants and…
Read More: A comprehensive list of 2024 tech layoffs