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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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A comprehensive list of 2023 & 2024 tech layoffs
TechCrunch
·
1y ago
Medial
In 2023 and 2024, the tech industry experienced significant layoffs across various companies. Tesla, Amazon, Microsoft, Pixar, Google, TikTok, and many others were among the companies that laid off employees. The layoffs were driven by various factors such as market conditions, efficiency goals, and restructuring efforts. The total number of layoffs in 2023 reached 262,735, which was 59% higher than in 2022. The impact of these layoffs on innovation, industry dynamics, and the workforce cannot be understated.
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The layoffs sweeping tech companies are 'contagious' and 'may get worse,' Jefferies analyst predicts
Business Insider
·
1y ago
Medial
According to an analyst from Jefferies, the wave of layoffs in the tech industry is expected to continue and could worsen. Over 140 tech companies have already laid off a total of 34,250 employees since the start of 2024. Even companies like Google and Amazon have been making small cuts in various sectors. This trend of layoffs is driven by a need to invest in new areas and showcase cost discipline to investors. Microsoft and Meta have also participated in staff cuts, despite reporting high earnings. The strategy may lead to a resurgence of the Metaverse concept.
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Year ender 2024: The year that saw big tech job cuts surge
Economic Times
·
7m ago
Medial
In 2024, major tech companies like Google, Amazon, Apple, and Microsoft significantly increased layoffs due to economic uncertainties and technological advancements, particularly in AI. Google cut top management and advertising roles; Amazon downsized its streaming and AWS divisions; Apple laid off employees in self-driving and services groups. Microsoft, Intel, Dell, Cisco, Tesla, GoPro, and Freshworks also made notable workforce reductions, targeting cost-cutting and restructuring efforts amid challenging market conditions.
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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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As Google layoffs continue, a look at Big Tech job cuts in 2025
Economic Times
·
3m ago
Medial
In 2025, tech companies like Google, Meta, Microsoft, and Apple are continuing layoffs amid AI-focused strategies. Google recently cut 200 jobs in its global business unit, following previous reductions in its Platforms & Devices unit earlier this year. Microsoft plans middle management layoffs in May, while Meta laid off 3,600 staff in February due to performance reviews. Apple also cut roles in its digital services arm in 2024. The trend reflects a broader tech industry downsizing.
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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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A comprehensive list of 2023 & 2024 tech layoffs
TechCrunch
·
1y ago
Medial
Tech layoffs have continued into 2024, with big names like Pixar, Google, Microsoft, and Amazon among those making significant cuts. These layoffs reflect the ongoing challenges faced by the tech industry, where companies are adjusting their workforces and focusing on efficiency due to market conditions. The layoffs not only impact innovation but also highlight the human impact of job cuts. Despite this, there are still growth areas in the tech sector, such as artificial intelligence, that are providing employment opportunities. The total number of tech layoffs in 2023 reached 262,735, marking a 59% increase compared to the previous year.
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Tech layoffs in January 2024: CEO fires the whole company over 2-minute call; Google, Microsoft, Amazon continue layoffs; job cuts at TikTok, Flipkart, Swiggy, and others
Startup News FYI
·
1y ago
Medial
In January 2024, several tech companies implemented job cuts. Frontdesk fired all 200 employees during a two-minute call, Google laid off hundreds of staff across various divisions, Microsoft cut 1,900 jobs, Amazon announced layoffs in Audiobooks, Prime Video, and Twitch divisions, Xerox reduced its workforce by 15%, Unity Software cut 1,800 jobs, Discord laid off 17% of its employees, eBay cut 1,000 jobs, Flipkart laid off 1,000 employees, Swiggy laid off 400 employees, Riot Games cut 11% of its staff, TikTok laid off 60 workers, and Salesforce announced 700 job cuts.
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A comprehensive list of 2023 & 2024 tech layoffs
TechCrunch
·
1y ago
Medial
In 2023 and 2024, several major tech companies including Google, Amazon, and Microsoft experienced significant layoffs. The tech industry as a whole faced challenges and pressure to adapt to changing market conditions. Layoffs ranged from small fintech startups to large corporations, impacting various sectors including gaming, e-commerce, and software development. The total number of tech layoffs in 2023 exceeded the previous year, indicating ongoing struggles within the industry. Layoffs serve as a reminder of the human impact behind these corporate decisions and reflect the need for companies to prioritize efficiency and adaptability in the face of market challenges.
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A comprehensive list of 2023 & 2024 tech layoffs
TechCrunch
·
1y ago
Medial
In the tech industry, there have been significant layoffs in 2023 and 2024. Companies like Google, Amazon, Microsoft, and TikTok have all announced job cuts. The layoffs are a reflection of the challenges faced by tech companies, with many facing tough market conditions and needing to focus on efficiency rather than growth. The layoffs also highlight the impact on innovation and the human aspect of job cuts. The total number of layoffs in 2023 was 262,735, which is 59% higher than the previous year. The tech sector continues to face challenges, and it remains to be seen how the job market will evolve.
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