The tech trade has loved seemingly unstoppable development during the last 5 years, however in 2022 it lastly hit an immovable object: a slowing worldwide financial system.
Tech firms huge and small have eradicated tens of 1000’s of jobs this yr, 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 more durable than different sectors throughout this financial slowdown. In a rely of layoffs at firms who lower greater than 100 folks this yr, NBC Information estimated about 89,000 folks have misplaced their jobs.
This rely doesn’t embrace jobs misplaced at smaller tech corporations, although, which appears to have pushed the variety of tech firm layoffs this yr to greater than 137,000, in accordance with Layoffs.fyi, a mission of San Francisco entrepreneur Roger Lee.
Right here’s an inventory of the layoffs hammering the tech sector this yr — with greater than a month nonetheless to go earlier than the calendar turns.
November
Hewlett-Packard: 4,000 – 6,000
The pc maker mentioned 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 website, he laid off about half of Twitter’s workforce Nov. 4, in accordance with CNBC. Later, Musk mentioned the corporate’s financial image was “dire,” and he saved reducing all the way down to 2,300 folks left, in accordance with Enterprise Insider on Nov. 21.
Carvana: 4,000
The net used automobile supplier mentioned Nov. 18 that it was shedding 1,500 folks, in accordance with an inside e mail obtained by CNBC. In Could, the corporate had one other spherical of layoffs affecting 2,500 folks, in accordance with a securities submitting. Some came upon over Zoom calls.
Nuro: 300
The maker of autonomous supply autos informed workers in an e mail posted on-line by the corporate that it was reducing 20% of employees, or about 300 “Nurons,” on Nov. 18.
Amazon: 10,000
The net retail large is within the means of shedding about 10,000 company and tech workers, although the whole 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 publish by CEO Andy Jassy, who supplied no precise figures.
Roku: 200
The leisure platform mentioned in an announcement Nov. 17 that it was reducing 200 worker positions, lowering 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. Business publication Inman mentioned the layoffs affected 280 folks complete.
Cisco: 4,165
The networking firm informed the Silicon Valley Enterprise Journal in an announcement on Nov. 16 that it was reducing about 5% of its employees.
iFit: 300
The maker of train gear, together with below the NordicTrack model, informed The Salt Lake Tribune on Nov. 14 that it was reducing 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 appropriate.
Veev: 100
The producer of prefabricated constructing provides — a class generally known as “prop tech” — informed the Silicon Valley Enterprise Journal on Nov. 14 that it was reducing 30% of employees whereas it shifts focus.
Sema4: 750
The well being testing and analysis startup mentioned Nov. 14 that it was reducing 500 jobs, a couple of months after it had already lower 250 jobs and noticed its president step down, in accordance with statements the corporate gave to MobiHealthNews.
UiPath: 450
The maker of automation software program mentioned in a Nov. 10 safety submitting that it was reducing 6% of its workforce. Earlier, it mentioned in a June 24 securities submitting that it was reducing 5% of its 4,200-person workforce.
Meta: 11,000
The social media firm — which owns Fb and Instagram — mentioned 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 enables celebrities to promote personalised movies laid off 80 folks on Nov. 9, The Info reported, citing an announcement from the corporate. CEO Steven Galanis announced a layoff of 87 folks in Could.
AvantStay: 187
A trip rental web site, AvantStay has introduced two rounds of layoffs this yr together with reducing 144 folks, or 22% of the workforce, on Nov. 9, the trade information website ShortTermRentalz reported. AvantStay didn’t reply to a request to substantiate the figures.
Root: 467
The auto insurance coverage startup mentioned in a letter to shareholders Nov. 9 that it was reducing 20% of headcount. The Columbus Dispatch reported the whole 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 yr 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 yr, together with one in July that affected 20% of employees, GeekWire reported, including that one supply mentioned 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 precise figures.
Redfin: 1,332
The actual property web site and repair lower its headcount by 862 on Nov. 7, together with by eliminating its “iBuying” service RedfinNow, in accordance with a securities submitting. Again in June it lower 470 jobs, in accordance 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 assist mentioned Nov. 7 that it was reducing 5% of its workforce. SFGate reported the whole 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 places of work this yr: 60 folks in July, in accordance with a memo reported by The Wall Road Journal, and 683 folks Nov. 3, in accordance with a securities submitting. The second spherical hit 13% of the corporate.
Stripe: 1,100
The net funds firm cited “a unique financial local weather” together with inflation and vitality 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 precise figures.
Opendoor: 550
The house-flipping enterprise, dealing with a turbulent housing market, mentioned in a weblog publish 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 accordance with an announcement supplied to CNBC.
Upstart: 140
The web-based lender cited a “difficult financial system” in reducing 7% of its workforce Nov. 1, in accordance 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 Info reported. Gem didn’t reply to a request to substantiate the numbers.
October
Reserving.com: 226
The journey web site mentioned 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 all the firm, the Pittsburgh Enterprise Instances 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 workers round Oct. 26, in accordance with The Pragmatic Engineer, a newsletter. Mindbody didn’t reply to a request to substantiate the quantity.
Zillow: 300
The actual property web site lower 300 positions round Oct. 26, or about 5% of workers, 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 accordance with CTech Oct. 25, citing a letter to workers.
Snyk: 228
The cybersecurity firm mentioned that the cuts represented 14% of its workforce, CTech reported, citing an organization assertion Oct. 24. It was the second spherical of layoffs this yr.
Cerebral: 400
A startup that gives psychological well being companies, 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 whole variety of folks affected.
Khoros: 120
The maker of buyer expertise software program lower 10% of its employees, or about 120 workers, 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 mentioned Oct. 20 it was reducing 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 yr: 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 workers. In an e mail to NBC Information, Microsoft declined to supply 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 workers. 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 mentioned 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 enables folks to co-own trip houses, 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 mentioned it lower about 19% of its workforce, in accordance with an Oct. 10 regulatory submitting.
Momentive: 176
The guardian firm of survey website SurveyMonkey mentioned in an Oct. 10 regulatory submitting that it had laid off 11% of its employees. It mentioned it had 1,600 workers as of Dec. 31, 2021. Momentive declined to substantiate the whole variety of folks affected.
Peloton: 4,600
The maker of stationary bicycles introduced a fourth spherical of layoffs this yr, reducing 500 jobs Oct. 6. The most important lower was in February, when Peloton slashed 2,800 jobs, Engadget reported. Peloton didn’t reply to a request to substantiate the whole.
Touchdown: 110
The apartment-rental website mentioned it was restructuring after a transfer from San Francisco to Birmingham, Alabama, in accordance with an Oct. 6 report from Alabama.com, citing affirmation from the corporate.
Homie: 159
The house-buying and home-selling web site informed the Deseret Information on Oct. 4 that it had laid off 40 workers, after beforehand shedding 119 workers in February.
September
Truepill: Undiscolosed
The well being testing and diagnostics firm had 4 rounds of layoffs this yr, together with one for 175 folks and one other for 150, TechCrunch reported, saying the newest was Sept. 29. Truepill Chief Progress Officer Doreen Bortel mentioned in an e mail to NBC Information that the TechCrunch determine was not appropriate and that whereas Truepill had made “workforce changes this previous yr, our headcount has elevated yr over yr.” She declined to supply an actual determine of individuals laid off.
DocuSign: 671
The web site specializing in digital agreements cited a common restructuring for eliminating 9% of its workforce, in accordance with a Sept. 26 regulatory submitting. SFGate estimated that 671 folks have been affected. DocuSign confirmed the 9% determine however declined to provide an absolute quantity.
NYDIG: 110
The crypto agency informed workers Sept. 22 that it was reducing a couple of third of its workforce, The Wall Road 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 yr, together with one in September that introduced its headcount all the way down to about 6,000 from 7,000 at the beginning of 2022, TechCrunch reported, Sept. 22, citing an organization spokesperson.
Kittyhawk: 100
The electrical aviation startup mentioned 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 mentioned 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 makes a speciality of communications tech for companies, laid off 11% of its workforce, in accordance with a Sept. 14 regulatory submitting. Twilio had 7,867 workers as of Dec. 31, CNBC reported. A spokesperson for Twilio mentioned 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 workers.
August
Snap: 1,200
The proprietor of Snapchat mentioned in August it was reducing 20% of its employees of greater than 6,000 workers 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 mentioned Aug. 23 that it could liquidate and progressively lay workers 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 high of 310 job cuts in Could, affecting a couple of quarter of its workforce in all, in accordance with Inman, an actual property information website.
Wayfair: 870
The net retailer of furnishings lower about 5% of its headcount, in accordance with an Aug. 19 regulatory submitting, as development 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
A web-based market for medical health insurance, GoHealth informed the Chicago Solar-Instances on Aug. 11 that the cuts affected about 20% of its workforce.
Nutanix: 270
The cloud computing firm mentioned in a securities submitting Aug. 9 that the layoffs represented about 4% of complete workers.
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 automobile market mentioned in a securities submitting Aug. 8 that it had lower 337 positions since asserting a restructuring in Could.
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 mentioned 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 whole 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 health insurance market introduced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings.
Latch: 245
The house-and-office safety firm mentioned in an announcement Aug. 2 {that a} lower of 115 jobs affected 37% of employees. An earlier spherical of job cuts in Could affected 130 folks.
Robinhood: 1,140
The stock-and-crypto buying and selling app mentioned it slashed 23% of its workforce Aug. 2, affecting about 800 folks, SFGate estimated. It was the second spherical for the corporate this yr, after reducing 340 folks in April. Robinhood didn’t reply to a request for affirmation of the whole.
July
Ribbon: 136
A startup that enables homebuyers to make money gives 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 mentioned 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 mentioned July 26 it was shedding about 10% of its workforce, citing a slowdown within the development of on-line buying after a coronavirus-fueled increase, CNBC reported.
Appgate: 130
The cybersecurity agency informed workers July 25 that it was reducing 22% of complete employees, in accordance with a securities submitting.
Rad Energy Bikes: 163
The maker of electrical bikes had two rounds of layoffs this yr: 63 workers July 21 and 100 workers April 12, in accordance with GeekWire, which cited firm affirmation.
Gemini: 170
The cryptocurrency trade based by the Winklevoss twins lower 7% of workers, 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 whole.
Invitae: 1,000
The genetics startup mentioned in a July 16 securities submitting that it was shedding greater than 1,000 workers.
Calibrate Well being: 156
The burden-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 mentioned July 13 that it was layoffing off 40% of them, TechCrunch reported, citing firm affirmation.
Tonal: 262
The health gear producer informed CNBC July 13 that it was reducing 35% of its workforce.
Argo AI: 150
The autonomous automobile 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 mentioned July 3 that the cuts would have an effect on 1 / 4 of its employees, CTech reported, citing an organization weblog publish. The corporate later filed for chapter safety, and in an Oct. 11 courtroom submitting mentioned 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 workers, 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 informed NBC Information that over half of them received 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 Info 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 workers, about 3% of headcount, within the wake of slower income development, CNBC reported June 23. It had laid off 150 workers a month earlier.
MasterClass: 120
CEO David Rogier tweeted June 22 that he was shedding 20% of employees. It affected about 120 folks, the net schooling firm informed TechCrunch.
Intuit: 715
The tax and enterprise software program agency mentioned June 22 that it was overhauling its enterprise and prioritizing “a very powerful work.”
Tesla: 3,475
Musk mentioned June 21 that the electrical carmaker’s layoffs would have an effect on round 3.5% of its total workforce. Tesla mentioned it employed 99,290 folks as of the top of 2021. Greater than 500 workers have been laid off at one Nevada manufacturing facility, in accordance with a lawsuit by former workers. Tesla didn’t reply to a request for affirmation of the whole.
SummerBio: 101
The Covid-19 testing startup introduced June 20 that it was shutting down and shedding 101 employees, in accordance with Bay Space Inno and the corporate’s web site.
Notarize: 110
The net notary service informed the Boston Enterprise Journal on June 15 that it was reducing 25% of its workforce.
Coinbase: 1,100
One of many largest cryptocurrency trade firms mentioned 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 style firm informed 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.
Chook: 138
The e-scooter startup laid off 23% of its employees, a transfer that TechCrunch calculated on June 7 as equal to round 138 workers. Chook didn’t reply to a request for affirmation.
Sonder: 200
The short-term rental web site mentioned in a June 6 securities submitting that it was reducing 21% of its company workforce and seven% of “entrance line” roles. On the finish of 2021, the corporate mentioned it had 800 salaried and 800 hourly workers. Sonder didn’t reply to a request for affirmation of the whole.
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.
Could
Lacework: 300
The cybersecurity startup confirmed to Protocol on Could 25 that job cuts affected 20% of employees. The Pragmatic Engineer, a publication, said the whole 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 Could 25, citing an nameless supply. Bolt confirmed that it laid off a 3rd of its workforce however declined to supply an absolute quantity.
Butler Hospitality: 1,000
The startup, a form of “ghost kitchen” mannequin for lodge room service, quietly dissolved Could 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 Could 12, citing sources. A spokesperson for Zwift declined to substantiate the determine.
Reef: 750
The startup that finds various makes use of for parking heaps laid off 5% of its workforce, citing the broader financial system, The Info reported Could 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 accordance with the San Francisco Enterprise Instances, citing state filings.
Knock: 115
The house-buying and home-selling startup mentioned 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 mentioned the Bloomberg report was “shut” however declined to supply an actual 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 whole variety of folks affected.
Adaptive Biotechnologies: 100
The startup, which researches the human immune system, informed The Seattle Instances 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 Info reported March 3. Hypescience didn’t reply to a request for affirmation.
February
Virgin Hyperloop: 111
The experimental transport firm confirmed to the Monetary Instances on Feb. 21 that it was pivoting to concentrate on freight, affecting almost half its employees.
