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The 2023 job cuts ‘trend’ has been carried over in 2024. Several major tech companies, including Google and Amazon, have announced job cuts in the first two weeks of the year with as many as 7,500 people having been given pink slips.
According to the layoff-tracking website Layoffs.fyi, 48 tech companies have asked 7,528 employees, who survived the job cuts in 2023, to leave. This suggests that the industry may see more layoffs by tech companies in 2024. In 2023, more than 1,150 tech companies fired a total of over 260,000 people.
Big Tech companies plan to cut more jobs
The reasons provided by these companies for job cuts include economic slowdown and restructuring. Online rental platform Frontdesk became the first tech company to cut jobs in 2024 and it fired its entire 200-person workforce in a “two-minute Google call”.
Alphabet-owned Google also announced plans to lay off hundreds of employees working on its digital assistant, hardware and engineering teams.
“Some teams are continuing to make these kinds of organisational changes, which include some role eliminations globally,” a Google spokesperson said in a statement.
Several Amazon-owned companies and other units, including Twitch, Audible and Prime Video are going to witness job cuts in the coming weeks.
Streaming platform Twitch will reduce its workforce by 35%, or about 500 workers. While Audible is laying off about 5% of its workforce, Amazon will reduce headcount by several hundred in its streaming and studio operations.
In a memo to employees, Audible CEO Bob Carrigan said the company is in good shape but faces an “increasingly challenging landscape.” Meanwhile, the people working in Prime Video and Amazon MGM Studios in the Americas will be informed soon.
Social chat startup Discord also told employees on January 11 that it would cut 17% of its staff, which constitutes about 170 employees. Video game software provider Unity Software will cut approximately 25% of its workforce or 1,800 jobs.
IT company Xerox announced on January 3 that it will reduce its workforce by 15%, about 3,000 employees, in the first quarter of 2024.
Here’s a list of 10 large tech companies that have announced job cuts.
According to the layoff-tracking website Layoffs.fyi, 48 tech companies have asked 7,528 employees, who survived the job cuts in 2023, to leave. This suggests that the industry may see more layoffs by tech companies in 2024. In 2023, more than 1,150 tech companies fired a total of over 260,000 people.
Big Tech companies plan to cut more jobs
The reasons provided by these companies for job cuts include economic slowdown and restructuring. Online rental platform Frontdesk became the first tech company to cut jobs in 2024 and it fired its entire 200-person workforce in a “two-minute Google call”.
Alphabet-owned Google also announced plans to lay off hundreds of employees working on its digital assistant, hardware and engineering teams.
“Some teams are continuing to make these kinds of organisational changes, which include some role eliminations globally,” a Google spokesperson said in a statement.
Several Amazon-owned companies and other units, including Twitch, Audible and Prime Video are going to witness job cuts in the coming weeks.
Streaming platform Twitch will reduce its workforce by 35%, or about 500 workers. While Audible is laying off about 5% of its workforce, Amazon will reduce headcount by several hundred in its streaming and studio operations.
In a memo to employees, Audible CEO Bob Carrigan said the company is in good shape but faces an “increasingly challenging landscape.” Meanwhile, the people working in Prime Video and Amazon MGM Studios in the Americas will be informed soon.
Social chat startup Discord also told employees on January 11 that it would cut 17% of its staff, which constitutes about 170 employees. Video game software provider Unity Software will cut approximately 25% of its workforce or 1,800 jobs.
IT company Xerox announced on January 3 that it will reduce its workforce by 15%, about 3,000 employees, in the first quarter of 2024.
Here’s a list of 10 large tech companies that have announced job cuts.
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