Here Are Some Notable Tech Layoffs of 2024

In 2024, the wave of tech layoffs is still running strong. According to independent layoffs tracker Layoffs.fyi, there have been almost 130,000 job cutbacks across 457 organizations this year, following major personnel reductions in 2022 and 2023. In the first few months of 2024, major layoffs have been carried out by companies such as Microsoft, TikTok, Amazon, Google, Tesla, and Snap. Smaller startups have also seen some layoffs and, in certain situations, have completely ceased operations.

By monitoring these layoffs, we may determine how they affect innovation in both small and large businesses. Additionally, we may observe the possible effects of companies adopting automation and artificial intelligence for employment that were previously thought to be safe. It also reminds us of the human cost of layoffs and the potential consequences for more creativity.

A detailed list of all known tech layoffs that have taken place in 2024 is provided here; it will be updated on a regular basis. Contact us here if you know of a layoff. You can get in touch with us here if you would rather stay anonymous.

Boeing

10% of its personnel will be let go, affecting about 17,000 workers. The reductions come after a Q3 loss of $9.97 per share due to an ongoing machinist union strike.

Stellantis

Is cutting off 1,100 workers in Michigan, which will affect the company’s subsidiary brands, including Dodge, Jeep, Ram, and Chrysler.

TikTok
Is dismissing hundreds of workers, mostly in Malaysia, as the social media platform uses artificial intelligence to filter material. Less than 500 people were impacted, according to the business.

Samsung

Is reducing employment in Australia and Southeast Asia in an effort to “improve operational efficiency.” Although it hasn’t “set a target number for any particular positions,” a spokeswoman told TechCrunch that the layoffs may affect about 10% of employees in certain areas.

Kaspersky

Is cutting off dozens of employees and closing its UK headquarters. The business began shutting down its U.S. operations three months prior to the layoffs.

NFX

General partner Pete Flint told TechCrunch that the company laid off four workers in an effort to “rebalance” its resources from its product and software teams to its investing team.

Eaze

is starting to wind down its activities by firing 500 people. CEO Cory Azzalino explained the shutdown in a note to employees, citing the “ongoing challenges of the California cannabis market.”

PubMatic

1% of its personnel was laid off, affecting about a dozen workers, as the company allegedly shifted its focus to connected-TV advertising.

Tome

Has made an effort to “reset” the business by laying off over one-third of its staff. This is the AI startup’s second wave of layoffs in 2024.

Alma

In an effort to achieve “long-term sustainability,” it has laid off 9% of its whole personnel, affecting the majority of departments.

Flexport

Is cutting around 2% of its workforce. This is Flexport’s second wave of layoffs this year; in January, the business laid off 20% of its workforce.

Freshbooks

CEO Mara Reiff said in a blog post that the company is laying off 140 workers from all of its teams in an effort to become profitable.

Shein

As it gets ready for an IPO on the London Stock Exchange, the business has laid off 17 staff in Singapore.

Drata

Forty workers were affected by the 9% layoffs at the security compliance platform.

Moov
Up to 50 workers were reportedly let go, however Moov has not officially verified the layoffs.

FreightWaves
16 positions in marketing, HR, and sales were eliminated, claiming a notable decline in the freight sector.

Northvolt
Is attempting to reduce expenses by laying off 25% of its employees worldwide. Up to 1,600 workers at the massive battery company will be affected by the layoffs.

Olo
Is cutting about 50 workers, or 9% of the staff, in order to finance expansion plans.

Healthy.io
40 workers were laid off in its Israeli, UK, and US markets. The cuts follow 70 staff layoffs at the Israeli healthtech company in 2023.

Reverb
40 positions were reportedly removed. In 2019, Etsy purchased the Chicago-based music gear marketplace.

Luminar
In a blog post, CEO Austin Russell said that the company is slashing 30% of its workforce as part of a new cost-reduction strategy. “Non-technical” occupations make up the majority of the cutbacks.

Notable Labs
In an effort to save costs, it is halting a clinical study of its cancer medication and laying off 65% of its employees and consultants.

CrawTrawler

Is reducing its employment by 10%, which will affect about 40 workers. However, as part of its new strategy, the corporation said that it will create 28 new posts.

ApplyBoard

Has reorganized its operations in Ontario and laid off 4% of its whole personnel.

Qualcomm

Will layoff 226 employees in San Diego later this year, a California WARN notification said. Less than a year after the chipmaker laid off over 1,250 employees, the decision was made.

Udemy

Will impact some 280 people by reducing its workforce as part of a new restructuring initiative. According to the corporation, half of the people impacted by the layoffs will be hired again, especially if they are employed in lower-cost regions.

Amperity

Will fire 13% of its employees. 20 workers were let go by the firm earlier this year, and there will be two more layoffs in 2023.

Cisco

Is cutting its workforce by 7%, which will affect about 5,600 workers. The reductions come after 4,000 workers were affected by the company’s last wave of layoffs this year.

Microsoft

Is firing over 650 workers from its gaming section. The layoffs occur eight months after Microsoft’s acquisition of Activision Blizzard resulted in 1,900 job losses in the gaming industry.

Nori

Has ceased operations due to a “tough funding environment,” according to a LinkedIn announcement made by co-founder Alexsandra Guerra.

Bending Spoons

Will lay off 75% of WeTransfer’s employees. For an unknown sum, Bending Spoons purchased the file transfer business in July.

Goop

18% of its 216 employees will be let go as the firm prioritizes its food and beauty brands above other sectors like health and tourism.

Fly.io
Has allegedly cut off some 40 workers as part of a company-wide restructuring initiative.

Motif FoodWorks
Is allegedly closing its doors after a protracted legal dispute with rival Impossible Foods.