2025 United States federal mass layoffs

Intel Corp. laid off the largest number of people among U.S. tech employers in 2024, by our count. The semiconductor giant laid off more than 15,000 employees last year.

It was followed closely by electric-car maker Tesla, which cut more than 14,000 roles, and networking company Cisco, with more than 10,000 total roles cut.

In 2023, Amazon layoffs led the numbers with 16,000 roles cut. Layoffs at Alphabet, the parent company of Google, totaled about 12,000, and Microsoft’s layoffs totaled about 10,000 workers in 2023, as did Facebook parent Meta’s layoffs.

Many venture-backed tech startups have also done layoffs as venture capital investment has fallen sharply since the peak in 2021, and falling startup valuations factor into their decisions to conduct layoffs.