The Tech Industry’s Darkest Hour: A Comprehensive List of Layoffs in 2023 and 2024
As I sit down to write this article, I am reminded of the eerie feeling that has been lingering in the tech industry for the past two years. The once-booming sector has been plagued by layoffs, and it seems like there’s no end in sight. The year 2022 marked the beginning of a tumultuous period, and 2023 has only added fuel to the fire. In this article, we’ll delve into the comprehensive list of layoffs that have shaken the tech world in 2023 and 2024.
A somber mood has engulfed the tech industry
The Layoff Epidemic
The year 2023 saw a staggering number of layoffs, with January alone witnessing 19,350 employees being let go. The trend continued throughout the year, with companies like Google, Amazon, Microsoft, Mozilla, and TikTok joining the list. The reasons behind these layoffs vary, but one thing is certain – the tech industry is in a state of flux.
The tech giants are not immune to the layoff epidemic
The list of companies that have resorted to layoffs is a long one. In January 2023, EACut laid off 5% of its workforce, while Bumble and Apple followed suit, letting go of 350 and hundreds of employees, respectively. The list goes on, with Sony, Expedia, Finder, Rivian, Meati Foods, Cisco, Toast, Mozilla, Grammarly, Getaround, Flexe, NuScale, Trigo, Pivo, Shopify, ByteDance’s Oculus challenger, Cruise, Snap, Amazon, Google, and Twitch all making significant cuts.
The human cost of layoffs cannot be ignored
As we move into 2024, the trend shows no signs of slowing down. In January 2024, Thinx laid off 95 workers, while Proofpoint, Wattpad, Block, DocuSign, Snap, Okta, ZestMoney, Melio, ONE, Project Ronin, Fisker, and others have all made significant reductions to their workforce.
Is there a light at the end of the tunnel?
As I conclude this article, I am left wondering what the future holds for the tech industry. Will we see a resurgence in the coming months, or will the layoffs continue to plague us? One thing is certain – the tech industry is in a state of flux, and only time will tell what the future holds.
“The only constant is change.” – Heraclitus
