A detailed list of tech industry layoffs in 2023
The fallout from the tech industry in 2017 continues. Tens of thousands of tech workers lost their jobs due to layoffs in 2023, with the biggest tech companies like Google, Amazon, Microsoft, Yahoo, and Zoom being the driving force behind the workforce reductions. The startup community as a whole, from cryptocurrencies to enterprise SaaS, has announced layoffs.
Consistent with a stock narrative, these layoffs are being carried out due to the state of the global economy and the necessity of imposing some form of self-discipline to return to profitability. However, keeping tabs on layoffs allows us to learn how this trend affects innovation, which businesses are stressed most, and which companies have the most openings for new employees. Additionally, it serves as a sobering reminder of the human toll of layoffs and the potential future shifts in risk profiles.
The following is a monthly updated list of all the tech layoffs that have been reported so far in 2023. Get in touch with us if you know anything about an impending layoff. You can use this form to contact us discreetly if that is your preference.
Job Losses in the Technology Industry in 2023 Running Total as of the first eleven complete months: 121,205. There were 84,714 layoffs in January. January Terminations in the Technology Industry in 2023
For February, the unemployment rate was 36,491. February Job Losses in the Technology Industry in 2023
The previous tally was compiled using data from Layoffs.
Microsoft's recent announcement to lay off 10,000 employees included eliminating an entire team tasked with ensuring that advances in artificial intelligence are implemented in a way that promotes ethical, responsible, and sustainable outcomes.
On March 14, Meta CEO Mark Zuckerberg confirmed rumors that the company would lay off 10,000 employees and fill about 5,000 open positions.
On March 13, Y Combinator announced that 20% of staff, or 17 people, would be affected.
Although Salesforce announced in January that it would be laying off 10% of its workforce, some employees learned about it in February. People are still finding out they've been laid off as recently as the week of March 10. Salesforce has confirmed that these layoffs are part of the 10%.
It was announced on March 6 that 500 people, or about 5% of Atlassian's workforce, would be losing their jobs.
The company announced the layoff of 475 workers, or 8% of the workforce, on March 6.
Until the first round of layoffs in September 2022, the Nigerian B2B e-commerce platform employed over 2,000 people. On March 6, Alerzo confirmed it had laid off 15 percent of its full-time staff, leaving roughly 800 people in the company.
The layoffs, which affect about 15% of employees, were announced on March 1.
Waymo, an Alphabet company, announced on March 1 that it would be laying off a second group of employees this year. The self-driving technology firm has now laid off 8% of its workforce, or 209 people, following the initial round of layoffs in January.
The layoffs, which affected about 500 people worldwide, were announced on March 1.
Over 200 workers, including Esther Crawford, Haraldur Thorleifsson, and Leah Culver, were let go by the company on February 26. More than 70% of Twitter's workforce has been eliminated since Musk took control in October last year.
After the news broke on February 24, Poshmark told TechCrunch that only 2% of its U.S. employees were compromised. There are over 800 workers at the company.
We need a precise number of people Green Labs plans to lay off. Green Labs informed TechCrunch that the company is conducting a round of layoffs that could affect as much as half its staff.
10 weeks after laying off about 12.5% of its workforce, the African cross-border payments platform announced on February 20 that it had conducted a second round of layoffs. About 100 workers were let go, or nearly a third of Chipper Cash's staff.
Convoy decided to close its Atlanta office and lay off employees on February 16. This is the company's third round of layoffs in under a year.
On February 15, Sprinklr announced it would affect over 100 people, or 4% of its global workforce.
On February 13, iRobot announced they would lay off 7% of their staff, or about 85 people.
On February 13, Twilio announced it would affect roughly 17% of its global workforce or about 1,400 people.
The layoffs, announced on February 9, will affect 10% of the company's employees through the end of the fiscal year. According to Fortune, GitHub has grown from around 3,000 workers to over 6,000 since the news broke.
The ad tech division of Yahoo had 1,600 employees affected by the 20% layoffs announced on February 9. Yahoo owns TechCrunch.
On February 9, GitLab announced they would lay off 7% of their workforce. Roughly 114 people will be affected by the layoffs, though the exact number will depend on the organization's actual headcount as of February 9.
On February 8, Affirm announced that it would be laying off 19% of its workforce, or roughly 500 people, and disbanding its crypto division.
On February 7, Zoom announced that 15 percent, or 1,300 employees, would be laid off.
Although VinFast has not confirmed the number of layoffs, a former employee claimed on LinkedIn that "nearly 35 roles" were eliminated. Declared on February 6.
On February 6, Dell made an announcement that would affect 6,650 people globally or 5% of the workforce.
Ten percent of the workforce, or about 42 people, was informed on February 2.
Around 150 of Pinterest's employees will be affected by the news released on February 2. The first round of layoffs occurred in December 2022, and this second round happened only a few weeks later.
On February 1, Rivian announced that, for the second time in a little over a year, it would be laying off 6% of its workforce.
On January 31, SoFi Technologies announced it would lay off 65 employees, or about 5% of its total workforce of 1,300. The news was first reported in The Wall Street Journal.
About 960 of NetApp's employees, or 8% of the company, were affected by the news announced on January 31.
On January 31, Groupon revealed they would lay off another 500 employees. The company has announced that the latest round of layoffs will take place during the first two quarters of 2023.
Initially reported by Bloomberg, Impossible Foods has had 20% of its staff, or more than 100 employees, affected.
On January 30, PayPal revealed that 2% of its full-time staff would be affected.
On January 30, the company announced a new chief executive officer and the elimination of 500 of its 800 global employees.
According to The Information and several posts on LinkedIn and Blind, the self-driving technology unit under Alphabet quietly laid off workers on January 24. It is unclear at this time how many employees at Waymo will be impacted.
On January 23, Spotify revealed that roughly 600 of its worldwide staff would be affected.
On January 21, Google Inc. announced it would be laying off 6% of its worldwide workforce, or about 12,000. These layoffs affect area 120, Google's in-house incubator, and Intrinsic, Alphabet's robotics division.
In a January 20 announcement, the entertainment conglomerate said a "large number" of workers at various locations would be affected. The layoffs have reportedly affected about 10% of the company's staff across all its locations, estimated at 500 people.
On January 20, Swiggy announced closing its meat marketplace and laying off 380 employees.
About 450 out of Sophos's total global workforce of 5,000 were laid off on January 18.
The announcement made on January 18 affects 10,000 workers.
On January 18, GoMechanic laid off 70 percent of its workforce.
In a January 17 announcement, Clearco stated that 30% of all employees would be affected.
Just a month after cutting over 100 positions, ShareChat announced on January 15 that it was laying off 20% of its workforce, or over 400 people.
On January 12, SmartNews revealed that it would be laying off 40 percent of its staff in the United States and China, or about 120 people.
TechCrunch confirmed on January 12 that Intrinsic, an Alphabet company that makes software for robots would be laying off 40 people. Totaling somewhere around 20% of the workforce.
On January 12, 104 of the fintech startup's 485 employees were let go because the company decided to focus on its core business of providing debit cards to children.
On January 12, Career Karma, a company that provides a platform for navigating education, let go of 22 more people from around the world and in the United States.
On January 12, DirectTV announced that on January 20, they would be laying off about 10% of their management team.
The platform for managing equity announced on January 11 that it would be laying off 10% of its workforce. Based on information from LinkedIn, approximately 200 people were let go.
On January 11, a citizen's actions affected 33 members.
On January 10, it was announced that 950 jobs, or about 20% of the workforce, would be eliminated along with "several" projects. The cryptocurrency exchange laid off 18% of its workforce, or roughly 1,100 people, in June of last year.
As of January 6, the NFT marketplace has announced a 30% reduction in staff.
On January 5, Amazon revealed that it would cut more than 18,000 jobs. The layoffs originally scheduled for November 2022 have now been pushed back to the following year. The service, AmazonSmile, was announced for closure on January 19.
On January 4, Salesforce announced it would be laying off 10% of its staff, or more than 7,000 people. A month later, a portion of Salesforce's workforce learned that they, too, would be affected by the company's 10% layoff plan.
It was announced on January 4 that Vimeo would be laying off 11 percent of its staff.