Layoffs! Layoffs…layoffs everywhere
⚡Mass layoffs in global companies. PayPal has begun company-wide layoffs UPS says it is cutting 12,000 jobs. Other Companies with layoffs in 2024: iRobot layoffs: 31% of workforce laid off (January 2024) Salesforce layoffs: 1% of workforce laid off (January 2024) Business Insider layoffs: 8% of workforce laid off (January 2024) TIME magazine layoffs: 15% of editorial staff laid off (January 2024) SAP layoffs: 7% of workforce laid off (January 2024) Vroom layoffs: 90% of workforce laid off (January 2024) The Los Angeles Times layoffs: 20% of newsroom staff laid off (January 2024) Brex layoffs: 20% of workforce laid off (January 2024) X (Alphabet's moonshot lab) layoffs: Undisclosed dozens of jobs laid off (January 2024) Citigroup layoffs: 8% of workforce laid off (January 2024) Prime Video & MGM Studios layoffs: undisclosed hundreds of workforce laid off (January 2024) Macy's layoffs: 3% of workforce laid off (January 2024) Wayfair layoffs: 13% of workforce laid off (January 2024) Riot Games layoffs: 11% of workforce laid off (January 2024) TikTok layoffs: <1% of workforce laid off (January 2024) Microsoft layoffs: 8% of workforce laid off (January 2024) Levi Strauss & Co. (Levi's) layoffs: 10%-15% of workforce laid off (January 2024) REI layoffs: 2% of workforce laid off (January 2024) eBay layoffs: 9% of workforce laid off (January 2024) Sports Illustrated layoffs: <1% of workforce laid off (January 2024) Discord layoffs: 15% of workforce laid off (January 2024) Amazon Audible layoffs: 5% of workforce laid off (January 2024) Pixar (Disney+) layoffs: <20% of workforce layoffs announced (January 2024) NBC News layoffs: 1-3% of workforce layoffs (January 2024) CitiGroup layoffs: 8% of workforce layoffs announced (January 2024) Universal Music Group NV layoffs: Hundreds to be laid off (January 2024) Google layoffs: <1% of workforce laid off (January 2024) Amazon Twitch layoffs: 35% of workforce laid off (January 2024) Treasure Financial layoffs: 60-70% of workforce laid off (January 2024) Duolingo layoffs: 10% of contractor workforce laid off (January 2024) Sharpie & Rubbermaid (Newell) layoffs: 7% of workforce laid off (January 2024) Rent the Runway layoffs: 10% of corporate roles cut (Early 2024) Unity layoffs: 25% of workforce laid off (January 2024) Blackrock layoffs: 3% of global workforce laid off (January 2024) Pitch layoffs: Two-thirds of employees laid off (January 2024) BenchSci layoffs: 17% of workforce laid off (January 2024) Flexe layoffs: 38% of staff eliminated (January 2024) NuScale layoffs: 28% of staff laid off (January 2024) Trigo layoffs: 15% of workforce laid off (January 2024) Xerox layoffs: 15% of workforce laid off (January 2024) InVision shutdown: Entire company by end of 2024 (January 2024) VideoAmp layoffs: Nearly 20% of workforce laid off (January 2024) Orca Security layoffs: Roughly 15% of staff laid off (January 2024) Frontdesk layoffs: Entire 200-person workforce laid off (January 2024)
Stupid question : is it only US or all over the world?
All over the world I think. At least Tech. I know lot of layoff in India too. But in India, layoff are generally silent and even people keep it to themselves for possible backlash for society and family.
Which sector is the most impacted.
From the looks of it : A lot of gaming, R&D focused teams (teams not creating immediate value), also high TC super senior folks. General layoffs in tech from Block, WayFair, PayPal etc are more slightly concerning than Microsoft laying off an unprofitable gaming sector.
Banking/consulting and media are being hit hard too
Powell wanted about 500k layoffs in tech to combat the inflation, just about 50k left. Stay strong mates, we are almost there. current wave of layoffs seems like an attempt to set low expectations for salaries for the new year hiring season.
If you’re impacted by any of the layoffs mentioned above and would like a referral to TikTok / Bytedance - DM me
Good tech workers are overpaid. Keep the layoffs rolling
OP, you have a lot of time on your hands to compile this list. Accenture layoffs next?
Stole from Twitter lol
Same. You have a lot of time on your hands.