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A comprehensive list of 2023 & 2024 tech layoffs
TechCrunch
·
1y ago
Medial
2023 has seen significant tech layoffs across various sectors, including major companies like Google, Amazon, and Microsoft. Layoffs have been driven by market conditions and a need for companies to pivot from growth to efficiency. Some notable layoffs include Fisker laying off 15% of its workforce, EA cutting 5% of its workforce, and Apple cutting hundreds of employees from its autonomous electric car project. The overall impact of these layoffs on innovation and the job market remains to be seen.
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A comprehensive list of 2023 tech layoffs
TechCrunch
·
2y ago
Medial
Here you’ll find a complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2023. Read it on the source link below-
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A comprehensive list of 2023 tech layoffs
TechCrunch
·
1y ago
Medial
Here you’ll find a complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2023. Click on view source below to read the original article-
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Tech layoffs in 2024: New Year off to a brutal start as Amazon, Google, others fire thousands
Economic Times
·
1y ago
Medial
In early 2024, amid economic challenges, tech and startup layoffs continue, with 48 companies cutting 7,528 jobs by January 15. Major players like Google and Amazon plan more layoffs to manage costs. Online rental platform Frontdesk initiated 2024's first layoffs, dismissing its 200-person workforce in a swift Google call. Notable layoffs in 2024 include Google, Amazon Audible, Amazon Prime Video, Amazon’s Twitch, Discord, Unity Software, and Xerox, indicating a potentially challenging year for the tech industry following 2023's massive job cuts.
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Tech layoffs are way down from last year. Why does it feel so grim?
Business Insider
·
1y ago
Medial
Tech industry layoffs in 2024 are smaller compared to the massive layoffs in early 2023 by tech giants like Amazon, Google, and Meta. While job cuts this year are smaller and more focused, there is a continuous flow of bad news with startup closures becoming more common. The tech industry still feels grim due to small, continual job cuttings and the fear that the layoffs may not be over. This environment creates discomfort for employees despite software job postings showing some growth.
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Google spent $2.1 billion on layoffs last year
Business Insider
·
1y ago
Medial
Google spent billions on employee severance following the company's mass layoffs last year, as revealed in its latest earnings report. Alphabet's earnings for Q4 and fiscal year 2023 showed that the company incurred $2.1 billion in severance and related costs. In January 2023, Google laid off 12,000 employees, accounting for approximately 6% of its workforce. The layoffs were part of broader industry-wide cost-cutting efforts after overhiring during the pandemic tech boom. Google has also announced additional layoffs in 2024 across core engineering and hardware teams.
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Startups’ pink slip count falls to 10,000 amid funding blues
Economic Times
·
1y ago
Medial
Startups in India have laid off approximately 10,000 employees in 2024, as funding remains constrained and companies prioritize improving their bottom lines. This is an improvement compared to the previous year, with 15,000 employees laid off in the last six months of 2023 and 21,000 in the first half of 2023. Despite the slowdown, startups are still facing challenges, with companies like Swiggy, Ola, Flipkart, and Paytm reducing their workforce. Layoffs are also being conducted more quietly and gradually through "silent layoffs." The second half of 2024 is expected to see around 5,000 more layoffs.
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What’s next for India’s unicorn club in 2024?
Inc42
·
1y ago
Medial
The Indian startup ecosystem experienced a slowdown in creating new unicorns in 2023, with only two emerging, marking the lowest number since 2017. However, as investors regain confidence in 2024, at least a dozen startups are expected to join the unicorn club. The fintech sector is likely to produce the most new unicorns, followed by ecommerce and enterprise tech. Startups are also considering going public to secure funds, with 14 tech startups expected to list in 2024. Additionally, the trend of reverse flipping, or redomiciling Indian startups back to India, is becoming prominent.
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A comprehensive list of 2024 tech layoffs | TechCrunch
TechCrunch
·
6m ago
Medial
The tech industry has seen a persistent wave of layoffs in 2024, following cuts in prior years. Over 130,000 jobs have been eliminated across 457 companies, including major players like Tesla, Amazon, Google, Microsoft, and TikTok. Many smaller startups have also experienced layoffs or shut down. This downtrend reflects tech companies' increased focus on AI and automation, impacting jobs once considered safe. These layoffs highlight the human cost amidst the ongoing push for innovation.
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Despite challenges, India saw birth of over 950 tech startups last year: Report
Economic Times
·
1y ago
Medial
According to a report by Nasscom and Zinnov, despite challenges such as valuation issues and regulatory changes, India remains the third largest tech startup ecosystem globally. Over 950 tech startups were founded in India last year, with cumulative funding for over 31,000 startups exceeding $70 billion from 2019 to 2023. Despite layoffs, startup founders are prioritising enhancing business fundamentals and driving profitability. Tech startups in tier 2 and 3 cities are also thriving. In 2024, startups expect to focus on revenue growth, optimising expenditure, and incorporating AI solutions.
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LinkedIn Top Startups 2023: The 20 Indian companies on the rise
LinkedIn
·
1y ago
Medial
Despite a challenging year for startups in India marked by funding difficulties and layoffs, there's a silver lining. The country's space tech, AI, edtech, and electric vehicle startups are thriving. LinkedIn's 6th annual Top Startups list showcases 20 innovative Indian companies that have navigated economic challenges and attracted investors and talent. The list serves as a resource for job seekers, offering insights into in-demand roles and skills in these growing startups.
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