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The tech trade has loved seemingly unstoppable progress over the past 5 years, however in 2022 it lastly hit an immovable object: a slowing worldwide financial system.
Tech firms large and small have eradicated tens of hundreds of jobs this 12 months, as executives cited inflation, rising rates of interest and decrease gross sales in digital promoting as all placing strain on their monetary outlooks.
The breadth of the layoffs has been breathtaking, affecting each a part of the tech sector from farming robots and cryptocurrency to social media and semi-autonomous autos.
The tech trade has been hit tougher than different sectors throughout this financial slowdown. In a depend of layoffs at firms who lower greater than 100 folks this 12 months, NBC Information estimated about 89,000 folks have misplaced their jobs.
This depend doesn’t embody jobs misplaced at smaller tech corporations, although, which appears to have pushed the variety of tech firm layoffs this 12 months to greater than 137,000, in line with Layoffs.fyi, a challenge of San Francisco entrepreneur Roger Lee.
Right here’s an inventory of the layoffs hammering the tech sector this 12 months — with greater than a month nonetheless to go earlier than the calendar turns.
November
Hewlett-Packard: 4,000 – 6,000
The pc maker stated in a Nov. 22 assertion that it deliberate to scale back world headcount by about 4,000 to six,000 folks over the following few years.
Twitter: 5,200
Every week after billionaire Elon Musk purchased the microblogging web site, he laid off about half of Twitter’s workforce Nov. 4, in line with CNBC. Later, Musk stated the corporate’s financial image was “dire,” and he stored slicing right down to 2,300 folks left, in line with Enterprise Insider on Nov. 21.
Carvana: 4,000
The net used automobile vendor stated Nov. 18 that it was shedding 1,500 folks, in line with an inner e mail obtained by CNBC. In Might, the corporate had one other spherical of layoffs affecting 2,500 folks, in line with a securities submitting. Some discovered over Zoom calls.
Nuro: 300
The maker of autonomous supply autos advised staff in an e mail posted on-line by the corporate that it was slicing 20% of employees, or about 300 “Nurons,” on Nov. 18.
Amazon: 10,000
The net retail large is within the technique of shedding about 10,000 company and tech staff, although the full variety of impacted employees stays fluid and the method will proceed into 2023, CNBC reported Nov. 17. Amazon paused company hiring Nov. 3. The corporate declined to remark past a Nov. 17 weblog put up by CEO Andy Jassy, who supplied no actual figures.
Roku: 200
The leisure platform stated in an announcement Nov. 17 that it was slicing 200 worker positions, decreasing headcount bills by 5%.
Orchard: 280
The homebuying web site introduced two rounds of layoffs in posts on LinkedIn on Nov. 17 and on June 23. Trade publication Inman stated the layoffs affected 280 folks complete.
Cisco: 4,165
The networking firm advised the Silicon Valley Enterprise Journal in an announcement on Nov. 16 that it was slicing about 5% of its employees.
iFit: 300
The maker of train gear, together with beneath the NordicTrack model, advised The Salt Lake Tribune on Nov. 14 that it was slicing 20% of employees, which the newspaper calculated to be about 300 folks. A spokesperson for iFit declined to substantiate whether or not that calculation was right.
Veev: 100
The producer of prefabricated constructing provides — a class often known as “prop tech” — advised the Silicon Valley Enterprise Journal on Nov. 14 that it was slicing 30% of employees whereas it shifts focus.
Sema4: 750
The well being testing and analysis startup stated Nov. 14 that it was slicing 500 jobs, a number of months after it had already lower 250 jobs and noticed its president step down, in line with statements the corporate gave to MobiHealthNews.
UiPath: 450
The maker of automation software program stated in a Nov. 10 safety submitting that it was slicing 6% of its workforce. Earlier, it stated in a June 24 securities submitting that it was slicing 5% of its 4,200-person workforce.
Meta: 11,000
The social media firm — which owns Fb and Instagram — stated it lower about 13% of its workforce Nov. 9. CEO Mark Zuckerberg blamed the slowing financial system for hurting advert gross sales.
Cameo: 167
The app that permits celebrities to promote personalised movies laid off 80 folks on Nov. 9, The Data reported, citing an announcement from the corporate. CEO Steven Galanis announced a layoff of 87 folks in Might.
AvantStay: 187
A trip rental web site, AvantStay has introduced two rounds of layoffs this 12 months together with slicing 144 folks, or 22% of the workforce, on Nov. 9, the trade information web site ShortTermRentalz reported. AvantStay didn’t reply to a request to substantiate the figures.
Root: 467
The auto insurance coverage startup stated in a letter to shareholders Nov. 9 that it was slicing 20% of headcount. The Columbus Dispatch reported the full got here to 137 jobs, along with 330 jobs lower in January.
Mix Labs: 520
The corporate, which makes software program for lenders, introduced job cuts 3 times this 12 months in regulatory filings: 200 in April, 220 in August and 100 on Nov. 9.
Flyhomes: 400
A service for homebuyers, the Seattle startup had two rounds of layoffs this 12 months, together with one in July that affected 20% of employees, GeekWire reported, including that one supply stated 200 folks have been affected. It laid off one other 40% round Nov. 9, an worker wrote on LinkedIn. Flyhomes declined to remark additional or present actual figures.
Redfin: 1,332
The true property web site and repair lower its headcount by 862 on Nov. 7, together with by eliminating its “iBuying” service RedfinNow, in line with a securities submitting. Again in June it lower 470 jobs, in line with an earlier securities submitting.
Salesforce: 999 at most
The enterprise software program agency, which occupies the tallest constructing in San Francisco, eradicated fewer than 1,000 jobs Nov. 7, CNBC reported. It employed 73,541 folks as of January. Salesforce didn’t reply to a request for a extra particular quantity.
Zendesk: 350
The software program firm specializing in buyer help stated Nov. 7 that it was slicing 5% of its workforce. SFGate reported the full jobs affected as 350. Zendesk didn’t reply to a request to substantiate the quantity.
Lyft: 743
The ride-hailing app had two rounds of layoffs at its company workplaces this 12 months: 60 folks in July, in line with a memo reported by The Wall Avenue Journal, and 683 folks Nov. 3, in line with a securities submitting. The second spherical hit 13% of the corporate.
Stripe: 1,100
The net funds firm cited “a special financial local weather” together with inflation and power shocks when it lower about 14% of its employees Nov. 3. CNBC calculated the cuts affected about 1,100 folks. Stripe declined to substantiate that calculation or present actual figures.
Opendoor: 550
The house-flipping enterprise, going through a turbulent housing market, stated in a weblog put up that the cuts Nov. 2 got here to 18% of its workforce.
Chargebee: 142
The startup, which makes software program for companies to handle subscriptions and billing, cited market situations for the cuts Nov. 2, TechCrunch reported citing affirmation from the corporate.
Chime: 160
The net financial institution introduced Nov. 2 it was shedding 12% of its workforce, in line with an announcement supplied to CNBC.
Upstart: 140
The web-based lender cited a “difficult financial system” in slicing 7% of its workforce Nov. 1, in line with TechCrunch, which cited affirmation from the corporate.
Gem: 100
A maker of recruiting software program, the startup lower a 3rd of its workforce Nov. 1, The Data reported. Gem didn’t reply to a request to substantiate the numbers.
October
Reserving.com: 226
The journey web site stated in a regulatory submitting Oct. 31 that it was closing a Michigan name heart.
Fifth Season: 100
A startup specializing in robotics for farming, Fifth Season shut down and laid off your entire firm, the Pittsburgh Enterprise Occasions reported Oct. 29. The corporate didn’t reply to a request for affirmation.
Mindbody: 400
The corporate, which makes reserving software program for gyms and yoga studios, laid off about 400 staff round Oct. 26, in line with The Pragmatic Engineer, a newsletter. Mindbody didn’t reply to a request to substantiate the quantity.
Zillow: 300
The true property web site lower 300 positions round Oct. 26, or about 5% of staff, as a part of what it known as “our regular enterprise course of,” TechCrunch reported, citing affirmation from the corporate.
Fundbox: 150
The maker of a monetary platform for companies lower 42% of its workforce, in line with CTech Oct. 25, citing a letter to staff.
Snyk: 228
The cybersecurity firm stated that the cuts represented 14% of its workforce, CTech reported, citing an organization assertion Oct. 24. It was the second spherical of layoffs this 12 months.
Cerebral: 400
A startup that gives psychological well being providers, Cerebral lower 20% of its employees Oct. 24, Insider reported. Insider cited an nameless former worker as saying that, as a part of the cuts, about 400 care counselors have been laid off. Cerebral confirmed the 20% determine however declined to touch upon the full variety of folks affected.
Khoros: 120
The maker of buyer expertise software program lower 10% of its employees, or about 120 staff, the Austin Inno reported Oct. 21. Khoros didn’t reply to a request for affirmation.
Gopuff: 2,000
Months after eliminating 1,500 employees members in July, the supply service stated Oct. 20 it was slicing one other 250 jobs in October. It additionally had layoffs round March, placing the quantity near 2,000, Bloomberg Information reported. Gopuff didn’t reply to a request to substantiate that quantity.
MX: 200
The banking software program startup went by means of a restructuring, the Salt Lake Tribune reported Oct. 19. MX didn’t reply to a request for affirmation.
Microsoft: 2,800 at most
The software program and cloud-computing firm had two reported rounds of layoffs this 12 months: one in October affecting fewer than 1,000 folks, Axios reported Oct. 17, and one in July that eradicated lower than 1% of its 181,000 staff. In an e mail to NBC Information, Microsoft declined to offer a selected complete.
Clear Capital: 378
An actual property tech agency, Clear Capital cited rising rates of interest for shedding 27% of employees, TechCrunch reported Oct. 14. TechCrunch calculated that 378 folks might have been affected, given a beforehand introduced headcount of 1,400 staff. Clear Capital confirmed the 27% determine to NBC Information however declined to substantiate the variety of folks affected.
HelloFresh: 611
The maker of delivered meal kits stated it was closing a facility within the San Francisco Bay Space, Enterprise Insider reported Oct. 14, citing state regulatory filings.
Pacaso: 100
A startup that permits folks to co-own trip properties, Pacaso slashed 30% of its workforce, trade publication Inman reported Oct. 11. Pacaso confirmed the numbers to NBC Information.
Brex: 136
The maker of enterprise monetary software program lower 11% of its employees, TechCrunch reported Oct. 11, citing affirmation from the corporate.
Noom: 500
A web site for well being teaching, Noom laid off 10% of its employees, TechCrunch reported Oct. 11. Noom didn’t reply to a request for affirmation.
Past Meat: 200
The plant-based meals producer stated it lower about 19% of its workforce, in line with an Oct. 10 regulatory submitting.
Momentive: 176
The mother or father firm of survey web site SurveyMonkey stated in an Oct. 10 regulatory submitting that it had laid off 11% of its employees. It stated it had 1,600 staff as of Dec. 31, 2021. Momentive declined to substantiate the full variety of folks affected.
Peloton: 4,600
The maker of stationary bicycles introduced a fourth spherical of layoffs this 12 months, slicing 500 jobs Oct. 6. The largest lower was in February, when Peloton slashed 2,800 jobs, Engadget reported. Peloton didn’t reply to a request to substantiate the full.
Touchdown: 110
The apartment-rental web site stated it was restructuring after a transfer from San Francisco to Birmingham, Alabama, in line with an Oct. 6 report from Alabama.com, citing affirmation from the corporate.
Homie: 159
The house-buying and home-selling web site advised the Deseret Information on Oct. 4 that it had laid off 40 staff, after beforehand shedding 119 staff in February.
September
Truepill: Undiscolosed
The well being testing and diagnostics firm had 4 rounds of layoffs this 12 months, together with one for 175 folks and one other for 150, TechCrunch reported, saying the latest was Sept. 29. Truepill Chief Progress Officer Doreen Bortel stated in an e mail to NBC Information that the TechCrunch determine was not right and that whereas Truepill had made “workforce changes this previous 12 months, our headcount has elevated 12 months over 12 months.” She declined to offer a precise determine of individuals laid off.
DocuSign: 671
The web site specializing in digital agreements cited a basic restructuring for eliminating 9% of its workforce, in line with a Sept. 26 regulatory submitting. SFGate estimated that 671 folks have been affected. DocuSign confirmed the 9% determine however declined to present an absolute quantity.
NYDIG: 110
The crypto agency advised staff Sept. 22 that it was slicing a couple of third of its workforce, The Wall Avenue Journal reported. NYDIG didn’t reply to a request for affirmation.
Klarna: 1,000
The net lender went by means of a number of rounds of layoffs this 12 months, together with one in September that introduced its headcount right down to about 6,000 from 7,000 at first of 2022, TechCrunch reported, Sept. 22, citing an organization spokesperson.
Kittyhawk: 100
The electrical aviation startup stated Sept. 21 that it had determined to shut up store, and it warned that layoffs would go into impact in November, SFGate reported, citing state regulatory filings.
Healing Well being: 109
A startup that provided Covid-19 testing stated Sept. 20 that the cuts have been a part of a change in priorities, Fashionable Healthcare reported, citing state regulatory filings.
Twilio: 865
The corporate, which focuses on communications tech for companies, laid off 11% of its workforce, in line with a Sept. 14 regulatory submitting. Twilio had 7,867 staff as of Dec. 31, CNBC reported. A spokesperson for Twilio stated the corporate wouldn’t affirm the variety of folks affected.
Taboola: 100
The cuts introduced affected 6% of the digital promoting firm’s workforce, CTech reported Sept. 13, citing a letter to staff.
August
Snap: 1,200
The proprietor of Snapchat stated in August it was slicing 20% of its employees of greater than 6,000 staff due to slowing advert gross sales, CNBC reported Aug. 31, citing firm affirmation. It additionally scrapped plans for a photo-taking mini-drone named Pixy.
GoodRx: 140
The telemedicine firm introduced the cuts Aug. 30 in a securities submitting, affecting 16% of its employees.
Packable: 510
The net retailer stated Aug. 23 that it could liquidate and regularly lay staff off because it winds down the enterprise, CNBC reported, citing an organization memo.
Doma: 560
The homebuying tech firm laid off 250 employees Aug. 19 on prime of 310 job cuts in Might, affecting a couple of quarter of its workforce in all, in line with Inman, an actual property information web site.
Wayfair: 870
The net retailer of furnishings lower about 5% of its headcount, in line with an Aug. 19 regulatory submitting, as progress slowed from a pandemic-era increase in on-line buying.
New Relic: 110
The startup, which makes software program for different software program builders, introduced the cuts Aug. 18 in a securities submitting.
Malwarebytes: 125
The Aug. 17 layoffs on the cybersecurity firm affected 14% of its workforce, TechCrunch reported, citing an organization co-founder.
GoHealth: 800
An internet market for medical insurance, GoHealth advised the Chicago Solar-Occasions on Aug. 11 that the cuts affected about 20% of its workforce.
Nutanix: 270
The cloud computing firm stated in a securities submitting Aug. 9 that the layoffs represented about 4% of complete staff.
Groupon: 500
The coupon firm laid off 15% of its workforce Aug. 8, citing “total enterprise underperformance,” TechCrunch reported with affirmation from the corporate.
Vroom: 337
The car market stated in a securities submitting Aug. 8 that it had lower 337 positions since asserting a restructuring in Might.
iRobot: 140
The maker of robotic vacuum cleaners lower 10% of employees after Amazon purchased the corporate, GeekWire reported Aug. 5, citing firm affirmation.
Jam Metropolis: 150
The online game developer stated Aug. 4 it had lower 17% of its headcount, citing the “difficult world financial system,” VentureBeat reported. Jam Metropolis didn’t reply to a request for affirmation of the full variety of folks affected.
10x Genomics: 100
The biotech firm laid off 8% of employees, GenomeWeb reported Aug. 4. 10x Genomics confirmed the numbers to NBC Information.
HealthCare.com: 149
The medical insurance market introduced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings.
Latch: 245
The house-and-office safety firm stated in an announcement Aug. 2 {that a} lower of 115 jobs affected 37% of employees. An earlier spherical of job cuts in Might affected 130 folks.
Robinhood: 1,140
The stock-and-crypto buying and selling app stated it slashed 23% of its workforce Aug. 2, affecting about 800 folks, SFGate estimated. It was the second spherical for the corporate this 12 months, after slicing 340 folks in April. Robinhood didn’t reply to a request for affirmation of the full.
July
Ribbon: 136
A startup that permits homebuyers to make money presents for a price lower one-third of its employees, Inman reported July 28, citing firm affirmation.
Rivian: 840
The maker of electrical autos together with supply vans stated in July it was shedding about 6% of its workforce, CNN reported July 28, citing an e mail from administration.
Shopify: 1,000
The e-commerce web site stated July 26 it was shedding about 10% of its workforce, citing a slowdown within the progress of on-line buying after a coronavirus-fueled increase, CNBC reported.
Appgate: 130
The cybersecurity agency advised staff July 25 that it was slicing 22% of complete employees, in line with a securities submitting.
Rad Energy Bikes: 163
The maker of electrical bikes had two rounds of layoffs this 12 months: 63 staff July 21 and 100 staff April 12, in line with GeekWire, which cited firm affirmation.
Gemini: 170
The cryptocurrency change based by the Winklevoss twins lower 7% of staff, or 68 folks, round July 18, TechCrunch reported. A month earlier it had lower 10%. Gemini didn’t reply to a request for affirmation of the full.
Invitae: 1,000
The genetics startup stated in a July 16 securities submitting that it was shedding greater than 1,000 staff.
Calibrate Well being: 156
The load-loss startup lower 24% of its workforce, Bloomberg reported July 15. Calibrate Well being didn’t reply to a request for affirmation.
Material: 120
The robotics startup stated July 13 that it was layoffing off 40% of them, TechCrunch reported, citing firm affirmation.
Tonal: 262
The health gear producer advised CNBC July 13 that it was slicing 35% of its workforce.
Argo AI: 150
The autonomous car tech startup laid off about 5% of its workforce, TechCrunch reported July 7. Argo AI didn’t reply to a request for affirmation.
Celsius Community: 150
The cryptocurrency platform stated July 3 that the cuts would have an effect on 1 / 4 of its employees, CTech reported, citing an organization weblog put up. The corporate later filed for chapter safety, and in an Oct. 11 courtroom submitting stated that 102 employees had left the corporate because it filed for chapter.
June
Take pleasure in Know-how: 400
The gadget retailer lower about 18% of its workforce because it filed for chapter, Crunchbase Information reported June 30, citing chapter filings.
Weee!: 150
The net grocery app lower 10% of its staff, Enterprise Insider reported June 29, citing nameless sources. Weee! declined to touch upon the variety of folks affected.
Unity: 200
The online game firm laid off “barely greater than 200 folks,” or 4% of its workforce, Protocol reported June 29. A spokesperson advised NBC Information that over half of them acquired rehired inside different components of the enterprise, so ultimately solely about 1% of the workforce was affected.
StockX: 120
Cuts on the sneaker vendor have an effect on 8% of headcount, The Data reported June 28. StockX didn’t reply to a request for affirmation.
Cue Well being: 170
The medical testing firm confirmed the job cuts to MobiHealthNews on June 27.
AppLovin: 300
The promoting startup lower 12% of its workforce, AdExchanger reported June 27. It affected about 300 folks, the Silicon Valley Enterprise Journal reported, citing firm affirmation.
Netflix: 450
The streaming service laid off about 300 staff, about 3% of headcount, within the wake of slower income progress, CNBC reported June 23. It had laid off 150 staff a month earlier.
MasterClass: 120
CEO David Rogier tweeted June 22 that he was shedding 20% of employees. It affected about 120 folks, the web schooling firm advised TechCrunch.
Intuit: 715
The tax and enterprise software program agency stated June 22 that it was overhauling its enterprise and prioritizing “an important work.”
Tesla: 3,475
Musk stated June 21 that the electrical carmaker’s layoffs would have an effect on round 3.5% of its total workforce. Tesla stated it employed 99,290 folks as of the tip of 2021. Greater than 500 staff have been laid off at one Nevada manufacturing facility, in line with a lawsuit by former staff. Tesla didn’t reply to a request for affirmation of the full.
SummerBio: 101
The Covid-19 testing startup introduced June 20 that it was shutting down and shedding 101 employees, in line with Bay Space Inno and the corporate’s web site.
Notarize: 110
The net notary service advised the Boston Enterprise Journal on June 15 that it was slicing 25% of its workforce.
Coinbase: 1,100
One of many largest cryptocurrency change firms stated June 14 it was slashing 18% of its jobs, marking the start of what some analysts known as a doable “crypto winter.”
BlockFi: 170
A crypto lending startup, the corporate cited a “dramatic shift in macroeconomic situations” when it slashed 20% of its employees, CNBC reported June 13.
Crypto.com: 260
CEO Kris Marszalek cited the broader market downturn in trimming 5% of its company workforce June 10.
Sew Repair: 330
The net trend firm advised CNBC on June 9 that it was shedding 15% of salaried positions.
OneTrust: 950
The maker of privateness software program lower about 25% of its workforce, citing “capital markets sentiment” in a June 9 assertion.
Chicken: 138
The e-scooter startup laid off 23% of its employees, a transfer that TechCrunch calculated on June 7 as equal to round 138 staff. Chicken didn’t reply to a request for affirmation.
Sonder: 200
The short-term rental web site stated in a June 6 securities submitting that it was slicing 21% of its company workforce and seven% of “entrance line” roles. On the finish of 2021, the corporate stated it had 800 salaried and 800 hourly staff. Sonder didn’t reply to a request for affirmation of the full.
Policygenius: 170
The net insurance coverage firm lower about 25% of its employees, Axios reported June 6, citing firm affirmation.
Carbon Well being: 250
The healthcare firm eradicated about 8% of its workforce, citing “altering market situations” in a June 2 assertion.
Might
Lacework: 300
The cybersecurity startup confirmed to Protocol on Might 25 that job cuts affected 20% of employees. The Pragmatic Engineer, a e-newsletter, said the full got here to about 300 jobs. Lacework didn’t reply to a request for affirmation.
Bolt: 250
The net funds startup eradicated a couple of third of its workforce as a part of what CEO Maju Kuruvilla known as a broad restructuring, Bloomberg reported Might 25, citing an nameless supply. Bolt confirmed that it laid off a 3rd of its workforce however declined to offer an absolute quantity.
Butler Hospitality: 1,000
The startup, a sort of “ghost kitchen” mannequin for resort room service, quietly dissolved Might 13, shedding its total workforce, TechCrunch reported.
Zwift: 150
The indoor biking and sports activities app laid off about 150 folks and canceled its {hardware} plans, sports activities tech journalist Ray Maker reported Might 12, citing sources. A spokesperson for Zwift declined to substantiate the determine.
Reef: 750
The startup that finds different makes use of for parking heaps laid off 5% of its workforce, citing the broader financial system, The Data reported Might 6. Reef didn’t reply to a request for affirmation.
March
Curology: 147
The skincare web site lower about 20% of its workforce March 16, in line with the San Francisco Enterprise Occasions, citing state filings.
Knock: 115
The house-buying and home-selling startup stated in a press launch March 15 that it wanted to chop prices due to turmoil within the housing market. Bloomberg reported 46% out of 250 employees have been affected. A spokesperson stated the Bloomberg report was “shut” however declined to offer a precise quantity.
Higher.com: 3,000
The net mortgage lender laid off a couple of third of its workforce in March. It has continued layoffs since then with out offering a quantity, TechCrunch reported in August. A spokesperson for Higher.com didn’t instantly know the full variety of folks affected.
Adaptive Biotechnologies: 100
The startup, which researches the human immune system, advised The Seattle Occasions on March 9 that it was shedding about 12% of its workforce.
Hyperscience: 100
The document-processing software program startup laid off about 25% of its employees, The Data reported March 3. Hypescience didn’t reply to a request for affirmation.
February
Virgin Hyperloop: 111
The experimental transport firm confirmed to the Monetary Occasions on Feb. 21 that it was pivoting to give attention to freight, affecting almost half its employees.
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