Layoffs
From nascent startups to established companies, tech layoffs are a reality of the business world. But during the past couple of years, layoffs have increasingly hit the tech sector, with impacts felt by workers across all industries and regions. In 2023 alone, more than 260,000 tech workers lost their jobs, with more than 80,000 already laid off in 2024.
Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has laid off 9% of its workforce, amounting to 40 people. Founded in 2020, Drata integrates…
Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and laid off about 20% of its employees.
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A comprehensive list of 2024 tech layoffs
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.
This is the chipmaker’s second round of layoffs over the past year, while the company recorded billions in revenue.
Microsoft is laying off around 650 employees from its gaming division, according to an internal memo shared online by IGN. The latest cuts come eight months after the company laid…
Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer, TechCrunch has learned. Bending Spoons acquired…
The hiring effort comes after X, formerly known as Twitter, laid off 80% of its trust and safety staff since Musk’s takeover.
As of the company’s most recent financial quarter, Apple’s Services bsuiness represented about one-quarter of the tech giant’s revenue.
Web browser and search startup Brave has laid off 27 employees across the different departments, TechCrunch has learned. The company confirmed the layoffs but didn’t give more details about the…
While the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams.
After tech giant Cisco announced plans for its second round of layoffs this year, employees tell TechCrunch that they will not know if they are affected for close to a…
General Motors is cutting around 1,000 software workers around the world in a bid to focus on more “high-priority” initiatives like improving its Super Cruise driver assistance system, the quality…
The layoffs occurred in waves over the past two years, and as recently as the last few weeks.
Roughly one week ago during an earnings call, the chief executive addressed ongoing issues with Sonos’ mobile app.
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024.
Techstars is cutting 17% of its staff and will end its $80 million J.P. Morgan-backed AdvancingCities program once the fund is completely deployed.
Intel announced it would lay off more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. The massive headcount is part of a large…
Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday.…
Match Group announced Tuesday that it has discontinued livestreaming services in its dating apps, resulting in a 6% reduction in workforce. The news was delivered during the dating app giant’s second-quarter…
Unacademy is slashing another 250 jobs in latest round of cuts as Indian edtech sector continues to struggle.Q
Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple…
Loop, the car insurance company co-founded by Harlem Capital co-founder John Henry, has laid off staff as the company struggles with fundraising. Henry took to Instagram to post the email…
Layoffs are tough. This year alone, we’ve already seen 60,000 job cuts across 254 companies according to layoffs.fyi. Looking for ways to grow your network can be even harder during…
Revel to lay off 1,000 staff ride-hail drivers, saying they’d rather be contractors anyway
New York-based Revel has made a lot of pivots since initially launching in 2018 as a dockless e-moped sharing service. The BlackRock-backed startup briefly stepped into the e-bike subscription business.…
Welcome to Elon Musk’s X. The social network formerly known as Twitter where the rules are made up and the check marks don’t matter. Or do they? The Tesla and…
It’s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to…
Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers…
Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this…
Foursquare, the location-focused outfit that in 2020 merged with Factual, another location-focused outfit, is joining the parade of companies to make cuts to one of its biggest cost centers –…
Silo, a Bay Area food supply chain startup, has hit a rough patch. TechCrunch has learned that the company on Tuesday laid off roughly 30% of its staff, or north…