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Tech Layoffs 2024

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.

By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. It also serves as a reminder of the human impact of layoffs and what could be at stake in regards to increased innovation.

Below you’ll find a list of all the known layoffs in tech that have occurred in 2024, to be updated regularly. If you have a tip on a layoff, contact us here. If you prefer to remain anonymous, you can contact us here.

August 2024

Formlabs

Has laid off a “small number” of employees, the company exclusively confirmed to TechCrunch. The 3D printing firm says the cuts occurred over the past two years and impact 40 employees out of its less than 750-person staff.

Sonos

CEO Patrick Spence confirmed with TechCrunch the company cut 100 employees in a new layoff round, impacting 6% of the company’s workforce. Sonos previously reduced its headcount by 7% in 2023.

Cisco

Will reportedly eliminate thousands of jobs in another round of layoffs this year. The company previously laid off more than 4,000 employees in February 2024.

Tally

Has shut down its operations “after exploring all options” before running out of cash. The fintech previously helped users manage and pay off their credit card debt; it had 183 employees and was last valued at $855 million.

Branch.io

Has laid off more than 100 employees. Nova Launcher, which was acquired by Branch in 2022, said the cuts whittled down its team to one full-time developer.

READY Robotics

Has reportedly stopped its operations. The company is now auctioning off equipment through the Silicon Valley Disposition.

Eventbrite

Is cutting around 100 employees, accounting for 11% of its total workforce. The online ticketing company previously let go of 8% of its employees in February 2023.

LegalZoom

Announced it will reduce its global workforce by 15% and pause future hiring efforts in an effort to save $25 million.

Techstars

Is laying off 17% of its staff and ending its $80 million J.P. Morgan-backed programs at the end of this year following a rocky period for the company that has included financial losses and leadership shakeups.

Mobius

Will completely shut down operations after facing financial struggles. The Kenya-based SUV manufacturer reportedly cited tax hikes as a driving force of the decision.

Infineon

Will cut 1,400 jobs globally, including hundreds of roles at its German plant. The company said it will also relocate an additional 1,400 employees to countries with lower labor costs.

Jam City

Has eliminated around 85 employees, affecting 10% of the video game developer and publisher’s total workforce.

Dell

Will conduct layoffs as the company plans to get “leaner,” according to an internal memo, and create a new sales unit focused on AI products and services. The number of employees impacted is currently unknown.

Intel

Intel kicked off the month with substantial layoffs, with 15,000 employees accounting for 15% of its total staff affected by the company’s cutbacks. “Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI,” CEO Pat Gelsinger said in a memo announcing the layoffs.



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