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.

Layoffs declined in 2024 compared to the previous year, but are expected to continue into 2025, although likely not at the level seen in 2023. Startups that need to preserve cash to extend their runways are more likely to conduct layoffs.

Tech layoffs will likely slow when venture capital funding increases and the startup economy stabilizes, as well as when market conditions improve and more startups gain liquidity via IPOs.

Startups that raised capital during the venture funding heyday at inflated valuations in 2021 are more likely to need to conduct layoffs if they’re not able to sustain their previous valuations or growth projections.

Yes, more layoffs are likely coming. While there are signs that the volume of layoffs is tapering, experts we talked to expect job cuts in the tech sector to continue for the foreseeable future as large tech companies and startups continue to battle economic headwinds.

Seed and early-stage startups in particular may continue to conduct layoffs in an attempt to extend their cash runways in a difficult venture funding environment.

Tech layoffs noticeably increased at the start of 2022, ramped up in 2023, waned somewhat in 2024 and have continued in 2025.