January 2024 Layoffs: A Glimpse
Year 2024 started with a bang!!!
Here we go!!!
While the pace of layoffs slowed down compared to January 2023, several companies across various sectors went through workforce reductions in the first month of 2024. Here’s a brief list, but keep in mind this isn’t exhaustive:
Tech:
- Unity Software: 1,800 employees (25% of workforce)
- Twitch: 500 employees (35% of workforce)
- Discord: 170 employees (17% of workforce)
- Google: Hundreds across hardware, voice assistant, advertising sales, and YouTube teams
- Microsoft: 1,900 employees in gaming division (8% of workforce)
- Riot Games: 530 employees (11% of workforce)
- Amazon Audible: 100 employees
- Block (formerly Square): 275 employees
- PayPal: 2500 employees (9% of workforce)
- iRobot: 70 employees
- eBay: 50 employees
Other sectors:
- Cult.fit: 400 employees
- Tata Steel: 1,100 employees
- Ford: 3,000 employees (across North America and South America)
- Bed Bath & Beyond: 1,200 employees
- Peloton: 780 employees
Resources for further exploration:
- Layoffs.fyi: Tracks layoffs across various companies and industries, providing updates and details.
- Visual Capitalist: “Charted: All the Major Tech Layoffs in 2024 So Far” offers a visual representation of notable tech layoffs.
- News articles: Major news outlets regularly report on significant layoffs, offering insights and context.
Remember, this is just a snapshot of January’s layoffs. The job market remains dynamic, and it’s crucial to stay informed about ongoing developments.