The wave of job cuts in the tech sector persisted into 2024. Following substantial layoffs in both 2022 and 2023, over 150,000 employees were let go across 542 firms in 2024, based on data from the independent layoffs tracker Layoffs.fyi. Major players like Tesla, Amazon, Google, TikTok, Snap, and Microsoft performed significant layoffs this year, while smaller startups also faced reductions, with some shutting down entirely.
As we continue to monitor industry layoffs into 2025, you’ll be able to observe the patterns in these reductions. Later this year, we will separate our lists for 2024 and 2025 to make trend analysis more straightforward.
Tracking these layoffs enables us to gauge their effect on innovation within both large corporations and smaller enterprises. It also helps us assess the implications of businesses adopting AI and automation for positions previously deemed secure. Moreover, it serves as a poignant reminder of the human consequences of layoffs and the potential costs of increased innovation.
Below is a detailed list of all reported tech layoffs that occurred in 2024, with updates made regularly. If you have information regarding a layoff, please reach out to us here. For those wishing to remain anonymous, please contact us here.
- January 2025: 6,003 employees laid off — see all January 2025 Tech Layoffs
- December 2024: 2,268 employees laid off — see all December 2024 Tech Layoffs
- November 2024: 5,925 employees laid off — see all November 2024 Tech Layoffs
- October 2024: 3,659 employees laid off — see all October 2024 Tech Layoffs
- September 2024: 3,765 employees laid off — see all September 2024 Tech Layoffs
- August 2024: 26,024 employees laid off — see all August 2024 Tech Layoffs
- July 2024: 9,051 employees laid off — see all July 2024 Tech Layoffs
- June 2024: 10,083 employees laid off — see all June 2024 Tech Layoffs
- May 2024: 11,011 employees laid off — see all May 2024 Tech Layoffs
- April 2024: 22,423 employees laid off — see all April 2024 Tech Layoffs
- March 2024: 7,403 employees laid off — see all March 2024 Tech Layoffs
- February 2024: 15,639 employees laid off — see all February 2024 Tech Layoffs
- January 2024: 34,107 employees laid off — see all January 2024 Tech Layoffs
February 2025
Sonos
Sonos has reportedly let go of around 200 employees, as stated by The Verge. The company had previously reduced its workforce by 100 in an August 2024 layoff round.
Workday
Workday laid off 1,750 employees, as reported initially by Bloomberg and subsequently confirmed by TechCrunch. This round of layoffs affects approximately 8.5% of the HR enterprise platform’s workforce.
Okta
Okta confirmed it laid off 180 employees, according to TechCrunch. This move comes just over a year after the identity management giant let go of 400 workers.
Cruise
Cruise announced it would reduce 50% of its workforce, including CEO Marc Whitten and other senior leaders, as the company prepares for a potential shutdown of operations. The remaining teams will move under General Motors.
Salesforce
Salesforce is reported to be cutting over 1,000 jobs. These layoffs are occurring while the company actively hires staff to promote new AI products.
January 2025
Cushion
Cushion has ceased operations, as announced by CEO Paul Kesserwani on LinkedIn. The fintech startup was valued at $82.4 million in 2022, according to PitchBook.
Placer.ai
Placer.ai laid off 150 employees in the U.S., which accounts for approximately 18% of its workforce, as part of a move towards profitability.
Amazon
Amazon laid off dozens of employees in its communications division as a strategy to facilitate quicker operations and closer customer connections.
Stripe
Stripe is reportedly laying off 300 employees, based on a leaked memo that Business Insider reported on. According to the memo, however, the fintech giant plans to expand its total headcount by 17% in the future.
Textio
Textio laid off 15 employees as part of its restructuring process.
Pocket FM
Pocket FM is cutting 75 employees to enhance its long-term viability. This follows a previous layoff of 200 writers in July 2024 after initiating a partnership with ElevenLabs.
Aurora Solar
Aurora Solar plans to reduce its workforce by 58 employees to address ongoing macroeconomic challenges and uncertainty in the solar sector.
Meta
Meta has announced in an internal memo that it aims to reduce its workforce by 5%, targeting “low-performing” employees to prepare for a challenging year ahead. As of its last report, Meta’s employee count exceeded 72,000.
Wayfair
Wayfair will cut as many as 730 jobs, affecting about 3% of its workforce, while planning to exit operations in Germany and focus on physical retail.
Pandion
Pandion is shutting down its operations, affecting 63 employees, with workers being compensated through January 15 without severance packages.
Icon
Icon is laying off 114 employees as part of the company’s strategic realignment focusing on a robotic printing system.
Altruist
Altruist has eliminated 37 jobs, impacting roughly 10% of its workforce, even while the company pursues “aggressive” hiring.
Aqua Security
Aqua Security is implementing layoffs of dozens of employees across its global operations as part of a strategic reorganization aimed at improving profitability.
SolarEdge Technologies
SolarEdge plans to lay off 400 employees globally. This marks the company’s fourth round of layoffs since January 2024 due to ongoing challenges in the solar sector.
Level
The fintech startup, which was founded in 2018, abruptly ceased operations earlier this year. An email from CEO Paul Aaron described the closure as a consequence of efforts to find a buyer that ultimately fell through, although there is a new offer from Employer.com after the shutdown.
December 2024
Brave Care
Brave Care has permanently closed its doors, according to information provided on its website. It’s unclear how many workers lost their jobs in this closure.
Epicery
Epicery has ceased operations due to “economic and financial difficulties” that proved insurmountable for the food delivery startup.
Bench
Bench abruptly shut down its operations but was subsequently acquired by Employer.com for an undisclosed amount. It is currently unclear how many of the 600 employees will be reemployed.
Lilium
Lilium has ceased operations and let go around 1,000 workers. However, there may be a glimmer of hope: Lilium announced that a group of investors is set to acquire two subsidiaries, which could allow some restructuring and exit insolvency.
Boston Dynamics
Boston Dynamics laid off 45 employees, or around 5% of its total workforce. A representative informed The Boston Globe that the reductions affected nearly every function within the organization.
OfferUp
OfferUp is reducing 22% of its workforce while it seeks to expand into additional product categories. The total number of impacted staff is currently unclear.
Canoo
Canoo is undergoing further layoffs, a few months after relocating jobs to Texas in an attempt to stave off bankruptcy. More than 20 jobs were affected in this round of cuts.
Foundry
Foundry reduced its workforce by 27% overall. The layoffs included 16% of U.S. based employees and affected a total of 74 workers, as well as a small team in India.
Calendly
Calendly laid off 70 employees, approximately 13% of its workforce. The reductions impacted teams in engineering, customer experience, marketing, and billing.
Yahoo
Yahoo has laid off around 25% of its cybersecurity division — known as The Paranoids — within the past year. Reports indicate 40 to 50 employees from a total of 200 were affected by these cuts.
Bluevine
Bluevine is laying off 100 employees, affecting about 18% of its global workforce, marking the fintech company’s second reduction in staff within six months.
EasyKnock
EasyKnock has shut down operations abruptly. This move follows several lawsuits and an
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Compiled by Techarena.au.
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