From nascent startups to established companies, tech layoffs are a reality of the business world. But during the past couple of years, layoffs have increasingly hit the tech sector, with impacts felt by workers across all industries and regions. In 2023 alone, more than 260,000 tech workers lost their jobs, with more than 80,000 already laid off in 2024.
After tech giant Cisco announced plans for its second round of layoffs this year, employees tell TechCrunch that they will not know if they are affected for close to a…
General Motors is cutting around 1,000 software workers around the world in a bid to focus on more “high-priority” initiatives like improving its Super Cruise driver assistance system, the quality…
While the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams.
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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…
The layoffs occurred in waves over the past two years, and as recently as the last few weeks.
Roughly one week ago during an earnings call, the chief executive addressed ongoing issues with Sonos’ mobile app.
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024.
Techstars is cutting 17% of its staff and will end its $80 million J.P. Morgan-backed AdvancingCities program once the fund is completely deployed.
Intel announced it would lay off more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. The massive headcount is part of a large…
Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday.…
Match Group announced Tuesday that it has discontinued livestreaming services in its dating apps, resulting in a 6% reduction in workforce. The news was delivered during the dating app giant’s second-quarter…
Unacademy is slashing another 250 jobs in latest round of cuts as Indian edtech sector continues to struggle.Q
Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple…
Loop, the car insurance company co-founded by Harlem Capital co-founder John Henry, has laid off staff as the company struggles with fundraising. Henry took to Instagram to post the email…
Layoffs are tough. This year alone, we’ve already seen 60,000 job cuts across 254 companies according to layoffs.fyi. Looking for ways to grow your network can be even harder during…
New York-based Revel has made a lot of pivots since initially launching in 2018 as a dockless e-moped sharing service. The BlackRock-backed startup briefly stepped into the e-bike subscription business.…
Welcome to Elon Musk’s X. The social network formerly known as Twitter where the rules are made up and the check marks don’t matter. Or do they? The Tesla and…
It’s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to…
Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers…
Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this…
Foursquare, the location-focused outfit that in 2020 merged with Factual, another location-focused outfit, is joining the parade of companies to make cuts to one of its biggest cost centers –…
Silo, a Bay Area food supply chain startup, has hit a rough patch. TechCrunch has learned that the company on Tuesday laid off roughly 30% of its staff, or north…
Paytm, a leading financial services firm in India, said its net loss widened in the fourth quarter as it grappled with a regulatory clampdown.
The company says it’s refocusing and prioritizing fewer initiatives that will have the biggest impact on customers and add value to the business.
Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company. Earlier this week, TechCrunch reported…
Here’s what one insider said happened in the days leading up to the layoffs.
Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a…
The new job cuts come over a year after the company cut about 4% of its headcount in February last year.
Peloton, the exercise equipment maker, said it is laying off 15% of its workforce as part of cost-cutting measures.
Google told TechCrunch that Flutter will have new updates to share at I/O this year.
