Main Reasons
- Economic Slowdown: As a result of rising interest rates, inflation, and financial instability, businesses are cutting expenses.
- Over hiring During the Pandemic – Tech firms expanded rapidly and are now adjusting their workforce to match demand.
- AI and Automation Increased use of AI-driven tools is replacing certain human roles.
- Declining Investor Confidence: Budget cuts and layoffs have resulted from tighter venture capital funding.
- Businesses are reorganizing and placing a higher priority on profitability than rapid expansion.
- Mergers and Acquisitions – Consolidations often lead to workforce reductions due to overlapping roles and redundancies.
February 2025
Sophos
In order to reduce costs and restore performance, Sophos instituted an expected reduction of 6% of its workforce. The security solutions business rededicated its efforts to focusing on its goals.
Zepz
Zepz is a remittance company that has reduced about 20% of its workforce or 200 job positions on account of a departmental restructuring. The reductions aim to streamline finance operations.
Unity
Unity announced layoffs as part of a strategic cost-cutting plan. The game engine company is refocusing its investments to ensure financial stability.
JustWorks
JustWorks reduced its workforce by 200 employees to optimize its business structure. The HR software company is adjusting to changing market demands.
Bird
Bird laid off 120 employees to focus on profitability and core markets. The e-scooter company has been struggling with financial losses.
Sprinklr
As part of a significant reorganization effort, Sprinklr laid off 500 employees, or around 15% of the service team, reducing its operations. The corporation wants to further reduce expenses and realign its business approach.
Sonos
Sonos announced 200 job cuts to improve efficiency and profitability. The audio company is streamlining operations in response to slowing demand.
Workday
Workday laid off 1,750 employees, around 8% of its workforce, in a restructuring move. The company is focusing on key growth areas, including AI.
Okta
To increase its financial stability, Okta laid off 180 workers. Following earlier layoffs, the identity security company is reducing expenses.
Cruise
Cruise slashed 1,000 jobs, about 50% of its staff, due to funding cuts. The autonomous vehicle company is facing regulatory and financial challenges.
Salesforce
Salesforce invested in AI projects by laying off 1,000 employees, or about 1% of its workforce. The layoffs are a component of a larger reorganization initiative.
January 2025
Cushion
Cushion announced layoffs to streamline operations and reduce expenses. The company is restructuring its workforce to align with long-term goals.
Placer.ai
As a cost-cutting strategy, Placer.ai laid off workers. The company’s primary business objective is receiving a reallocation of resources.
Amazon
Amazon layoff approximately 1,900 employees across various departments. The move is aimed at improving efficiency and profitability.
Stripe
In product, engineering, and operations, Stripe eliminated about 300 people. The fintech business is reorganizing to better fit its financial plan.
Textio
Textio reduced its workforce due to shifting market conditions. The company aims to optimize operations and enhance profitability.
Pocket FM
Layoffs were announced by Pocket FM in an effort to cut expenses and boost productivity. The business is adjusting to the shifting needs of the industry.
Aurora Solar
Aurora Solar reduced its workforce as part of a strategic realignment. The company is prioritizing its core solar technology initiatives.
Meta
About 3,600 workers were let go by Meta to fund AI-driven initiatives. Eliminating underperforming roles is the main goal of the reform.
Wayfair
Wayfair announced job cuts to optimize financial performance. The online retailer is streamlining its workforce to manage costs.
Pandion
Pandion cut employees to meet changing business requirements. For efficiency, the business is reorganizing its logistics operations.
Icon
Icon announced tech layoffs to focus on key construction technology projects. The company is adjusting its workforce to meet long-term objectives.
Altruist
Altruist cut jobs to improve operational efficiency and growth potential. The company is realigning its financial services division.
Aqua Security
Aqua Security reduced its workforce to adapt to shifting market conditions. The cybersecurity firm is optimizing costs for future stability.
SolarEdge Technologies
SolarEdge tech layoffs announced layoffs to improve financial performance. The company is restructuring to enhance operational efficiency.
Level
Level reduced its workforce to streamline business operations. The company is shifting focus to core services for long-term success.
December 2024
Brave Care
The pediatric healthcare provider Brave Care reduced its workforce to streamline operations. The company aims to align resources with current market demands.
Epicery
French online grocery startup Epicery announced layoffs to optimize costs. This move is part of a strategic restructuring to enhance profitability.
Bench
Financial services firm Bench cut jobs to improve operational efficiency. The company is focusing on core business areas to navigate economic challenges.
Lilium
German aviation company Lilium laid off employees as part of cost-cutting measures. The layoffs aim to extend the company’s financial runway amid development hurdles.
Boston Dynamics
Robotics firm Boston Dynamics reduced its workforce to adjust to shifting market conditions. The company is realigning its resources to focus on key projects.
OfferUp
Online marketplace OfferUp announced job cuts to streamline operations. The company is optimizing its workforce to enhance competitiveness.
Canoo
Electric vehicle startup Canoo laid off employees to reduce expenses. The company is restructuring to focus on critical product development.
Foundry
Foundry, a software business for media production, let off employees as part of a strategic realignment. The goal of the layoffs is to set up the business for long-term success.
Calendly
Scheduling software provider Calendly announced layoffs to optimize operational efficiency. The company is adjusting its team size to better align with business objectives.
Yahoo
Yahoo, a tech layoffs, reduced its workforce in order to optimize its operations. To increase profitability, the business is concentrating on its core competencies.
Bluevine
Bluevine, a financial technology company, laid off employees in order to control expenses efficiently. In order to emphasize important services, the corporation is reallocating its resources.
EasyKnock
EasyKnock, a real estate tech layoffs startup, reduced staff as part of a cost-cutting measure. The action is intended to improve the financial stability of the business.
Carousell
Southeast Asian online marketplace Carousell announced job cuts to streamline operations. The company is focusing on efficiency to navigate competitive pressures.
Mixtroz
Mixtroz, a networking platform, cut employees to meet present business demands. To better serve its user base, the company is undergoing a restructure.
Stash
Investment platform Stash laid off employees to optimize costs. The company is focusing on core offerings to enhance user experience.
Booking Holdings
Travel conglomerate Booking Holdings implemented job cuts to manage expenses amid industry challenges. The company is adjusting its workforce to align with market conditions.
Lightspeed Commerce
Lightspeed Commerce, an e-commerce platform, announced layoffs in an effort to increase operational effectiveness. The organization is reorganizing its workforce to concentrate on areas of strategic expansion.
November 2024
Alpha Sense
Alpha Sense, a market intelligence platform, layoffs 2024 employees to simplify operations. Aligning resources with current business objectives is the company’s goal.
Ola Electric
About 500 workers were let go by Ola Electric, a maker of electric vehicles. This action is a component of a restructuring initiative aimed at cost reduction and production optimization.
Hopper
App for arranging travel Hopper declared layoffs in an effort to boost revenue. The corporation is responding to market issues by modifying its staff.
Professional networking platform Linkedin layoffs its workforce to streamline operations. The layoffs are part of a strategic realignment to focus on core business areas.
Headspace
A wellness and meditation app in order to maximize operational efficiency, Headspace announced layoffs. In order to better fit with its growth goal, the company is undergoing restructuring.
Truelayer
Open banking platform Truelayer reduced its workforce as part of a cost-cutting initiative. The company aims to refocus resources on key business priorities.
AppLovin
Mobile technology company AppLovin layoffs 2024 employees to streamline operations. The move is intended to enhance profitability and operational efficiency.
Stoa
To minimize costs, the real estate tech industry layoffs company Stoa announced. To better fit with its long-term objectives, the corporation is reorganizing its workforce.
AMD
Chipmaker AMD announced plans to reduce its global workforce by 4%, affecting approximately 1,040 employees. This decision is part of a strategic shift focusing on AI chips and data center products.
23andMe
Genetic testing company 23andMe reduced its workforce to manage costs effectively. The layoffs are part of a broader effort to streamline operations.
Chegg
Chegg, an education technology company, announced layoffs in response to the state of the market. To become more competitive, the business is concentrating on its core offerings.
Enphase Energy
Renewable energy company Enphase Energy reduced its workforce as part of a strategic realignment. The layoffs aim to optimize operations and reduce costs.
Exosonic
Exosonic, a firm that makes supersonic planes, announced layoffs in an effort to streamline operations. The company is adjusting its workforce to focus on key development projects.
Freshworks
Freshworks, a provider of customer interaction software, reduced staff in order to increase operational effectiveness. The corporation is reorganizing to meet its goals better.
Akamai
Content delivery network services provider Akamai announced layoffs 2024 affecting approximately 250 employees, about 2% of its workforce. The decision aims to streamline operations and reduce costs.
ShareFile
Service for sharing files. In order to maximize operational efficiency, ShareFile cut employees. To increase profitability, the business is concentrating on its core offerings.
Just Eat
Online food delivery service Just Eat announced job cuts to manage expenses amid market challenges. The company is restructuring to improve financial performance.
iRobot
Employees were let go by robotics startup iRobot as part of a cost-cutting measure. Aligning resources with present business priorities is the goal of the change.
The Mozilla Foundation
Non-profit organization The Mozilla Foundation reduced its workforce to streamline operations. The layoffs are part of a strategic effort to focus on core initiatives.
Maven Clinic
Digital health company Maven Clinic announced layoffs 2024 to optimize operational efficiency. The company is adjusting its workforce to align better with growth objectives.
Bowery Farming
Bowery Farming, a new indoor farming company, let off employees as part of a strategic realignment. The layoffs are intended to control expenses and concentrate on important tasks.
October 2024
Tidal
Streaming service for music Tidal cut employees in order to simplify operations. Aligning resources with current market demands is the company’s goal.
X
Social media platform X (formerly Twitter) announced job cuts to optimize costs. This move is part of a strategic restructuring to enhance profitability.
Coursera
Coursera, an online learning platform, reduced staff in order to increase operational effectiveness. To deal with economic issues, the corporation is concentrating on its main business sectors.
Dropbox
Cloud storage provider Dropbox reduced its workforce as part of its cost-cutting measures. The layoffs aim to align the company’s resources with its strategic objectives.
Consensys
Consensys, a blockchain software company, announced layoffs 2024 in response to changing market conditions. In order to concentrate on essential tasks, the corporation is reallocating its resources.
F5
Application services company F5 implemented job cuts to streamline operations. The company is optimizing its workforce to enhance competitiveness.
Kyte
Car rental startup Kyte laid off employees to reduce expenses. The company is restructuring to focus on critical business areas.
Upwork
The freelance marketplace Upwork announced layoffs to improve financial performance. The company is adjusting its workforce in response to market challenges.
Venminder
Third-party risk management firm Venminder reduced its workforce to align with current business needs. The company is restructuring to serve its clients better.
Jellysmack
Creator-economy startup Jellysmack laid off 22 employees in the U.S. as part of a restructuring effort. The company is shifting focus to content businesses where it owns the intellectual property.
CapWay
Financial technology company CapWay announced job cuts to manage costs effectively. The company is realigning its resources to prioritize key services.
Boeing
Aerospace giant Boeing reduced its workforce as part of a cost-reduction strategy. The move aims to align resources with current business priorities.
Stellantis
Automotive manufacturer Stellantis implemented layoffs to streamline operations. The company is focusing on efficiency to navigate competitive pressures.
TikTok
Social media platform TikTok announced job cuts to optimize operational efficiency. The company is adjusting its workforce to align better with growth objectives.
Samsung
Electronics giant Samsung planned to reduce around 10% of its global workforce, impacting approximately 26,780 employees. The layoffs are in response to economic pressures and are expected to affect staff globally, including in Australia.
Kaspersky
Kaspersky, a cybersecurity company, cut employees to adjust to changing market conditions. The business is cutting expenses to ensure stability in the future.
NFX
Venture capital firm NFX announced layoffs to streamline business operations. The company is focusing on core activities to enhance efficiency.
Eaze
Delivery service for cannabis as part of a strategic restructuring, Eaze 2024 layoffs workers. The organization wants to control expenses and concentrate on important issues.
PubMatic
Digital advertising company PubMatic implemented job cuts to improve operational efficiency. The company is restructuring to better align with business objectives.
Tome
Tome, a presentation software business, cut employees to simplify operations. The organization is changing the size of its workforce to meet the demands of the business today.
Alma
Education technology company Alma announced layoffs to optimize costs. The company is focusing on core services to enhance profitability.
Flexport
Logistics platform Flexport laid off employees to improve financial performance. The company is restructuring its workforce to align with strategic goals.
FreshBooks
FreshBooks, a provider of accounting software, laid off employees as part of a cost-cutting drive. Refocusing resources on important business initiatives is the company’s goal.
September 2024
Shein
Fast-fashion retailer Shein reduced its workforce to streamline operations. The company aims to align resources with current market demands.
Drata
Drata, a platform for automation of security and compliance, announced layoffs in an effort to reduce expenses. This action is a component of a strategic reorganization aimed at increasing profitability.
Moov
Fintech startup Moov laid off employees to improve operational efficiency. The company is focusing on core business areas to navigate economic challenges.
FreightWaves
Logistics data provider FreightWaves reduced its workforce as part of cost-cutting measures. The layoffs aim to align the company’s resources with its strategic objectives.
Northvolt
Northvolt, a battery manufacturer, announced layoffs in response to changing market conditions. In order to concentrate on important tasks, the corporation is reallocating its resources.
Olo
Restaurant technology company Olo implemented job cuts to streamline operations. The company is optimizing its workforce to enhance competitiveness.
Healthy.io
Digital health startup Healthy.io laid off employees to reduce expenses. The company is restructuring to focus on critical business areas.
Reverb
Online marketplace Reverb announced tech job layoffs to improve financial performance. The company is adjusting its workforce in response to market challenges.
Luminar
Automotive technology firm Luminar reduced its workforce to align with current business needs. The company is restructuring to serve its clients better.
Notable Labs
As part of a strategic realignment, Notable Labs, a biotechnology company, lay off workers. The organization wants to control expenses and concentrate on important issues.
CrawTrawler
Cybersecurity firm CrawTrawler implemented job cuts to improve operational efficiency. The company is restructuring to better align with business objectives.
ApplyBoard
In an effort to streamline operations, the education technology startup ApplyBoard let go of employees. The organization is changing the size of its workforce to meet the demands of the business today.
Qualcomm
The massive semiconductor company Qualcomm said it would be laying off nearly 1,500 workers, or 5% of its staff. In light of diminishing chip sales, the decision is a component of a cost-cutting plan.
Udemy
Online learning platform Udemy tech layoffs 2024 employees to optimize costs. The company is focusing on core services to enhance profitability.
Amperity
Amperity, a customer data platform, eliminated employees as part of a cost-cutting measure. Refocusing resources on important business initiatives is the company’s goal.
Cisco
Networking hardware company layoffs Cisc approximately 5,600 employees, about 7% of its workforce. The move is part of a restructuring effort to streamline operations.
Microsoft
About 650 workers were let go by tech behemoth Microsoft layoffs from its Xbox division. The tech job layoffs are a part of the gaming segment’s strategic reorganization.
Nori
The carbon removal marketplace Nori announced job cuts to manage costs effectively. The company is realigning its resources to prioritize key services.
Bending Spoons
Bending Spoons, an app development company, laid off employees in order to adjust to changing market conditions. The business is cutting expenses to ensure stability in the future.
Goop
The lifestyle company Goop restructured its workforce as part of a strategic plan. Aligning resources with current business priorities is the company’s goal.
Fly.io
Cloud computing startup Fly.io implemented job cuts to streamline operations. The company is focusing on efficiency to navigate competitive pressures.
Motif FoodWorks
Motif FoodWorks, a food technology business, announced tech layoffs 2024 in an effort to maximize operational effectiveness. To better meet its expansion goals, the corporation is reorganizing its workforce.
August 2024
Character.AI
Developer of an AI chatbot Personality.AI streamlined operations by reducing its workforce. Aligning resources with current market demands is the company’s goal.
Apple
Tech giant Apple layoffs 2024 announced job cuts affecting various departments. This move is part of a strategic restructuring to enhance profitability.
Brave
Browser with a privacy focus. Brave reduced staff in order to increase operational effectiveness. To deal with economic issues, the corporation is concentrating on its main business sectors.
Scale AI
Artificial intelligence data platform Scale AI reduced its workforce as part of cost-cutting measures. The layoffs aim to align the company’s resources with its strategic objectives.
Skip the Dishes
Delivery service for food Layoffs were announced by Skip the Dishes in response to changing market conditions. In order to concentrate on important tasks, the corporation is reallocating its resources.
GoPro
GoPro, an action camera manufacturer, streamlined operations by implementing employment layoffs. To become more competitive, the company is making the most of its workers.
Retention.com
Marketing technology firm Retention.com laid off employees to reduce expenses. The company is restructuring to focus on critical business areas.
Loop
Fintech startup Loop announced layoffs to improve financial performance. The company is adjusting its workforce in response to market challenges.
Inuitive
Semiconductor company Inuitive reduced its workforce to align with current business needs. The company is restructuring to serve its clients better.
Formlabs
3D printing company Formlabs jobs layoffs as part of a strategic realignment. The company aims to manage costs and focus on key projects.
Sonos
Audio equipment manufacturer Sonos implemented job cuts to improve operational efficiency. The company is restructuring to better align with business objectives.
Cisco
Networking hardware company Cisco announced layoffs affecting approximately 5,600 employees, about 7% of its workforce. The move is part of a restructuring effort to streamline operations.
Tally
Financial technology company Tally reduced its workforce to streamline operations. The company is adjusting its team size to align with current business needs.
Branch.io
Mobile linking platform Branch.io laid off employees to optimize costs. The company is focusing on core services to enhance profitability.
READY Robotics
Robotics automation firm READY Robotics reduced its workforce as part of a cost-cutting initiative. The company aims to refocus resources on key business priorities.
Eventbrite
Event management platform Eventbrite announced layoffs to streamline operations. The company is adjusting its workforce to better align with business objectives.
LegalZoom
Online legal services provider LegalZoom jobs layoffs of to optimize costs. The company is focusing on core services to enhance profitability.
Techstars
Startup accelerator Techstars reduced its workforce as part of a cost-cutting initiative. The company aims to refocus resources on key business priorities.
Mobius
Venture capital firm Mobius announced job cuts to manage costs effectively. The company is realigning its resources to prioritize key services.
Infineon
Semiconductor manufacturer Infineon reduced its workforce to adapt to shifting market conditions. The company is optimizing costs for future stability.
Jam City
Mobile game developer Jam City laid off employees as part of a strategic restructuring. The company aims to align resources with current business priorities.
Dell
Dell layoff Computer technology company announced layoffs affecting approximately 15,000 employees, about 5% of its workforce. The decision is part of a cost-reduction strategy amid declining PC sales.
Intel
The chipmaker Intel let go of almost 15,000 workers, or 20% of its total staff. Financial difficulties and a strategy move toward AI and data center goods are the reasons for the layoffs.
Innovative solutions improve decision-making and corporate performance. By using advanced analytics to optimize operations and drive growth, Mattrics gives organizations the ability to implement data-driven initiatives. Organizations may make better informed, quicker, and more intelligent strategic decisions for long-term success with the help of cutting edge tools.
