Tech Layoffs Continue in 2024: Over 130,000 Jobs Lost So Far
As the wave of layoffs rolls on into 2024, the technology sector has seen a staggering reduction of over 130,000 jobs within 457 companies so far this year. This data comes from Layoffs.fyi, a site that tracks layoffs across the industry. Major players like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have all announced significant job cuts in recent months. Additionally, many smaller startups have reported layoffs or have even shut down altogether.
The continuing layoffs highlight a broader trend affecting innovation at both large and small companies. Many organizations are increasingly turning to artificial intelligence (AI) and automation, which could change the landscape of jobs that were previously viewed as secure. This situation isn’t just about numbers; it emphasizes the real-life impact on individuals and communities facing these job losses.
For those interested in keeping up to date, we provide a comprehensive list of layoffs occurring in the tech industry throughout 2024, which will be updated regularly. If you have information about layoffs to share, we encourage you to reach out.
Known Layoffs by Month
January 2024
- 34,107 employees laid off
February 2024
- 15,639 employees laid off
March 2024
- 7,403 employees laid off
April 2024
- 22,423 employees laid off
May 2024
- 11,011 employees laid off
June 2024
- 10,083 employees laid off
July 2024
- 9,051 employees laid off
August 2024
- 26,024 employees laid off
September 2024
- 3,765 employees laid off
October 2024
- 3,659 employees laid off
Recent Layoff Announcements (November 2024)
-
AMD: The company will let go of about 4% of its workforce, which could mean around 1,000 jobs lost as it focuses on growth areas.
-
23andMe: This company is cutting 40% of its workforce to restructure, impacting over 200 roles. The company has seen a drastic decline in its value since going public.
-
Chegg: Facing challenges from AI competitors, Chegg is laying off 319 employees, making up 21% of its staff.
-
Enphase Energy: The solar company plans to cut approximately 500 jobs, reducing its workforce by 17%.
-
Exosonic: This startup is shutting down after five years in operation, despite raising over $4.5 million.
-
Freshworks: They are cutting 660 positions globally as part of a larger restructuring strategy.
-
Akamai: This cloud computing company is eliminating about 250 jobs, representing 2.5% of its total workforce.
-
Just Eat: The food delivery service is reducing its employee count by 300.
-
iRobot: This company is laying off 105 employees, around 16% of its workforce, following earlier job cuts this year.
- The Mozilla Foundation: Mozilla is cutting 30% of its employees as it navigates significant changes.
The layoffs are not just numbers; they affect people and communities. The trend reflects a shift in the industry, as companies adjust to new economic realities and technological advancements. As companies reevaluate their strategies, it’s clear that the landscape of work is evolving, leaving many to navigate uncertain futures.
