The number of layoffs increased from 2023 and continued until 2024. More than 240,000 jobs will be lost in 2023, an increase of 50% from the previous year. Technology layoffs have slowed a bit so far, but they appear to be starting again. Technology companies are now emphasizing efficiency over growth and are shedding employees in response to challenging market conditions. Here are all the layoffs that happened in the tech industry in January 2024.
Front Desk CEO fires all 200 employees over 2-minute call US-based proptech company Front Desk fires all 200 employees and CEO Jesse DePinto fires all 200 employees over 2-minute Google Meet call This news was announced on. Instead of declaring bankruptcy, the company decided to place it under state administration.
Google cuts hundreds of jobs in technology, advertising and other departments Alphabet Inc.’s Google announced it will lay off hundreds of staff from its digital assistant, hardware and engineering teams. Google has laid off hundreds of employees from its advertising sales team. A company spokesperson said: “Some teams continue to make these types of organizational changes, including the elimination of some roles globally.”
CEO Sundar Pichai said in an internal memo that more roles will be affected by this year’s job cuts aimed at simplifying and speeding up execution in some areas. I told the employees.
Alphabet’s X Labs also laid off dozens of employees and turned to outside investors for funding.
Microsoft lays off most of Activision Blizzard staff Microsoft is cutting 1,900 jobs from Activision Blizzard, Xbox, and ZeniMax. This represents approximately 8% of the total Microsoft gaming division. These job cuts are part of the company’s sustainable cost structure plan to support business growth. Blizzard President Mike Ybarra and Chief Design Officer Allen Adham have both left the company.
Amazon Cuts Jobs in Various Divisions Various divisions of Amazon have announced significant layoffs in their workforce. Audible, an online audiobook and podcast service, is laying off 5% of its employees as the situation becomes increasingly difficult. Amazon Prime Video will also lay off hundreds of employees across streaming and studio operations, while Amazon’s streaming platform Twitch will cut its workforce by 35%, or about 500 jobs. Amazon’s Buy with Prime division also laid off about 5% of its employees in January.
Xerox lays off 3,000 employees Information technology company Xerox also announced that it will reduce its workforce by 15%, which equates to approximately 3,000 employees. The company aims to introduce a new organizational structure and operating model.
Unity cuts 1,800 jobs Video game software provider Unity Software plans to cut about 25% of its workforce, or about 1,800 jobs, according to a regulatory filing. The company is focused on its core business and reducing the number of things it has to do to drive long-term success and profitability, as stated in a memo from interim CEO Jim Whitehurst to employees. The aim is to enhance sexuality.
Discord lays off 170 employees Social chat and messaging startup Discord is cutting its workforce by 17%. About 170 jobs will be affected by the layoffs, Jason Citron, the company’s founder and CEO, said in an internal memo.
eBay to cut 1,000 jobs as expenses increase eBay will cut its workforce by 9%, cutting approximately 1,000 jobs as expenses increase faster than business. The company’s CEO, Jamie Iannone, plans to streamline the team and enhance the end-to-end customer experience around the world. eBay also plans to cut some “alternative labor” contracts. Administrators will notify employees whose roles have been removed, and eBay staff will work from home Wednesday to protect their privacy.
Flipkart to lay off 1,000 employees in reorganization Indian e-commerce giant Flipkart, owned by Walmart, has announced it will lay off 1,000 employees as part of its annual performance review. This represents approximately 5% of the company’s current workforce of approximately 22,000 employees. It is worth noting that this workforce reduction is a standard process that the company goes through every year.
Swiggy lays off staff ahead of IPO listing Food technology major Swiggy has reportedly laid off 400 employees as part of its restructuring. This is the company’s second round of layoffs, affecting 7% of its workforce. Insiders say technology, call centers and corporate teams will be the most affected.
Riot Games, the developer of League of Legends and Valorant, will cut 500 Valorant developers, or 11% of its staff, or about 530 people. CEO Dylan Jadeja explained that aggressive expansion has caused costs to spiral out of control. Riot will prioritize “core” games, reduce team size for “Legends of Runeterra” and scale back “Riot Forge”.
TikTok cuts 60 jobs TikTok has laid off 60 employees from its advertising and sales departments. The reason for the dismissal was not disclosed. However, affected employees can apply for other open positions on TikTok, which currently has more than 120 job postings.
Salesforce Announces 700 Job Cuts Salesforce is laying off 700 people, about 1% of its 70,000 employees worldwide. This is in addition to the company’s announcement last January that it would lay off 10% of its workforce, or about 7,000 people.
Front Desk CEO fires all 200 employees over 2-minute call US-based proptech company Front Desk fires all 200 employees and CEO Jesse DePinto fires all 200 employees over 2-minute Google Meet call This news was announced on. Instead of declaring bankruptcy, the company decided to place it under state administration.
Google cuts hundreds of jobs in technology, advertising and other departments Alphabet Inc.’s Google announced it will lay off hundreds of staff from its digital assistant, hardware and engineering teams. Google has laid off hundreds of employees from its advertising sales team. A company spokesperson said: “Some teams continue to make these types of organizational changes, including the elimination of some roles globally.”
CEO Sundar Pichai said in an internal memo that more roles will be affected by this year’s job cuts aimed at simplifying and speeding up execution in some areas. I told the employees.
Alphabet’s X Labs also laid off dozens of employees and turned to outside investors for funding.
Microsoft lays off most of Activision Blizzard staff Microsoft is cutting 1,900 jobs from Activision Blizzard, Xbox, and ZeniMax. This represents approximately 8% of the total Microsoft gaming division. These job cuts are part of the company’s sustainable cost structure plan to support business growth. Blizzard President Mike Ybarra and Chief Design Officer Allen Adham have both left the company.
Amazon Cuts Jobs in Various Divisions Various divisions of Amazon have announced significant layoffs in their workforce. Audible, an online audiobook and podcast service, is laying off 5% of its employees as the situation becomes increasingly difficult. Amazon Prime Video will also lay off hundreds of employees across streaming and studio operations, while Amazon’s streaming platform Twitch will cut its workforce by 35%, or about 500 jobs. Amazon’s Buy with Prime division also laid off about 5% of its employees in January.
Expanding
Unity cuts 1,800 jobs Video game software provider Unity Software plans to cut about 25% of its workforce, or about 1,800 jobs, according to a regulatory filing. The company is focused on its core business and reducing the number of things it has to do to drive long-term success and profitability, as stated in a memo from interim CEO Jim Whitehurst to employees. The aim is to enhance sexuality.
Discord lays off 170 employees Social chat and messaging startup Discord is cutting its workforce by 17%. About 170 jobs will be affected by the layoffs, Jason Citron, the company’s founder and CEO, said in an internal memo.
eBay to cut 1,000 jobs as expenses increase eBay will cut its workforce by 9%, cutting approximately 1,000 jobs as expenses increase faster than business. The company’s CEO, Jamie Iannone, plans to streamline the team and enhance the end-to-end customer experience around the world. eBay also plans to cut some “alternative labor” contracts. Administrators will notify employees whose roles have been removed, and eBay staff will work from home Wednesday to protect their privacy.
Flipkart to lay off 1,000 employees in reorganization Indian e-commerce giant Flipkart, owned by Walmart, has announced it will lay off 1,000 employees as part of its annual performance review. This represents approximately 5% of the company’s current workforce of approximately 22,000 employees. It is worth noting that this workforce reduction is a standard process that the company goes through every year.
Swiggy lays off staff ahead of IPO listing Food technology major Swiggy has reportedly laid off 400 employees as part of its restructuring. This is the company’s second round of layoffs, affecting 7% of its workforce. Insiders say technology, call centers and corporate teams will be the most affected.
Riot Games, the developer of League of Legends and Valorant, will cut 500 Valorant developers, or 11% of its staff, or about 530 people. CEO Dylan Jadeja explained that aggressive expansion has caused costs to spiral out of control. Riot will prioritize “core” games, reduce team size for “Legends of Runeterra” and scale back “Riot Forge”.
TikTok cuts 60 jobs TikTok has laid off 60 employees from its advertising and sales departments. The reason for the dismissal was not disclosed. However, affected employees can apply for other open positions on TikTok, which currently has more than 120 job postings.
Salesforce Announces 700 Job Cuts Salesforce is laying off 700 people, about 1% of its 70,000 employees worldwide. This is in addition to the company’s announcement last January that it would lay off 10% of its workforce, or about 7,000 people.