Although there have been slowdowns in the tech sector in the past, this wave seems particularly severe. This is a detailed summary of all the tech industry job cuts that took place in January 2024.
200 employees fired by Frontdesk CEO in 2 mins.
During a two-minute Google Meet call, CEO Jesse DePinto of the US-based prop-tech company Frontdesk announced that all 200 employees were fired. Rather than file for bankruptcy, the company has chosen to pursue a state receivership.
Hundreds of Google employees fired in tech, ads and other divisions.
The Alphabet Google has revealed that hundreds of employees from its hardware, engineering, and digital assistant teams will be let go. Hundreds of workers in Google’s advertising sales team were let go. “Some teams are continuing to make these kinds of organizational changes, which include some role eliminations globally,” an official from the company said.
This year’s layoffs are intended to simplify execution and drive velocity in certain areas; CEO Sundar Pichai told staff members in an internal memo that more roles will be affected.
Additionally, X Lab at Alphabet has fired dozens of employees and is now seeking funding from outside sources.
The majority of Activision Blizzard employees are let go by Microsoft
Activision Blizzard, Xbox, and ZeniMax collectively employ 1,900 people, or about 8% of Microsoft’s gaming division, which is being cut by the company. The company’s plan for a sustainable cost structure includes the layoffs in order to support its expanding business. The president of Blizzard and chief design officer, Mike Ybarra, and Allen Adham, respectively, have left the company.
Amazon reduces staff in a different departments.
A large number of employees have been laid off by Amazon’s various divisions. Owing to an increasingly difficult environment, Audible, the online audiobook and podcast service, is laying off 5% of its staff. In addition, hundreds of workers are being let go from Amazon Prime Video’s streaming and studio division, while Twitch, another Amazon streaming platform, is cutting 500 workers, or 35 percent of its workforce. About 5% of the workforce at Amazon’s Buy with Prime division was also let go in January.
3000 employees laid off from Xerox
A 15% workforce reduction, or roughly 3,000 jobs, has also been announced by IT company Xerox. The company intends to implement a new operating model and organizational structure.
1800 job laid off from Unity
Video game software provider Unity Software is reportedly laying off 1,800 employees, or about 25% of its workforce, as per a regulatory filing. According to a memo sent to staff by interim CEO Jim Whitehurst, the company wants to cut back on activities in order to concentrate on its core competencies and achieve long-term success and profitability.
170 employees from Discord
Discord, a messaging and social chat startup, is cutting 17 percent of its staff. According to an internal memo sent by the company’s founder and CEO, Jason Citron, the layoffs will affect about 170 jobs.
eBay downsizes by 1000 jobs due to expenses
Almost 1,000 jobs will be lost as a result of eBay’s 9% workforce reduction, which is the result of costs rising faster than revenue. Jamie Iannone, the CEO of the company, intends to improve the end-to-end customer experience worldwide and optimize teams. A portion of the “alternative workforce” contracts will be trimmed by eBay. Employees whose roles are eliminated will be notified by managers, and on Wednesday, eBay employees will work remotely out of respect for their privacy.
1,000 workers will be let go by Flipkart as it reorganizes.
As part of its annual performance review process, Walmart’s subsidiary, Flipkart, the massive Indian e-commerce company, has announced that it will be terminating 1,000 workers. This amounts to approximately 5% of the company’s current workforce, which consists of about 22,000 workers. It’s important to note that the company goes through this workforce reduction procedure on an annual basis.
Employee layoffs at Swiggy ahead of IPO listing
The massive food tech company Swiggy may have restructured by firing 400 workers. This will be the company’s second round of layoffs, impacting 7% of the workforce. The corporate, call center, and technology teams will be most impacted, according to insiders.
500 jobs reduction by Valorant
The company Riot Games, creator of “League of Legends” and “Valorant,” is laying off about 530 employees, or 11% of its workforce. According to CEO Dylan Jadeja, aggressive expansion was the reason costs had gotten out of hand. Riot intends to give priority to its “core” games, decrease the number of players on “Legends of Runeterra,” and terminate “Riot Forge.”
TikTok reduces by 60 jobs
60 employees were let go by TikTok from its sales and advertising department. The cause of the layoffs is not known. Employees who are impacted, however, may still apply for other available jobs at TikTok, where there are currently over 120 job postings.
Salesforce reports 700 layoffs.
Approximately 1% of its 70,000 employees worldwide, or 700 workers, will be let go by Salesforce. This comes on top of the company’s announcement in January of last year that it would be letting go of 7,000 workers, or 10% of the workforce.