What jobs are being cut in tech layoffs?
Tech layoffs have hit across departments at many companies.
Many layoffs from the large tech giants were software engineers. Startups tend to be more likely to retain engineers in favor of doing layoffs in their talent and recruiting, marketing and other departments.
Google cut roles in its sales, recruiting, product and engineering teams. Amazon layoffs included jobs in its AWS cloud unit, at its social video platform Twitch, and in its advertising department. Meta CEO Mark Zuckerberg said the company’s recruiting department would be the first to see job cuts.
How many recent tech layoffs have there been?
Tech layoffs started surging in the 2022 market correction, with an estimated 93,000 U.S. tech workers laid off that year. That figure more than doubled in 2023, with around 200,000 U.S. tech employees laid off, according to our Tech Layoffs Tracker. Layoffs abated again in 2024, with around 95,000 reported tech layoffs.
Keep in mind, many companies don’t report detailed layoffs figures, and some companies continue hiring after cuts for positions deemed more beneficial to the business.
What were the biggest tech layoffs of 2024?
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.