In what can be called a deja vu moment, the year started with thousands being laid off by tech giants, including
,
Amazon
and others. Reminiscent of last year's downsizing trend, the tech industry is grappling with a fresh wave of
layoffs
in 2024 as the companies adjust to a changing business landscape post the Covid-driven surge in demand. Here are the 10 tech companies that announced
job cuts
in the first two weeks of 2024.
Google may have cut over 1000 jobs
Google confirmed that it was cutting jobs at the company that will affect various teams. Reports suggest more than 1,000 employees were let go in the voice assistant unit, hardware teams working on products like Pixel, Nest and Fitbit, augmented reality division as well as central engineering teams. The search giant attributed the downsizing to adapting to a more streamlined operational structure.
Amazon's strategic workforce cuts
Amazon was the second bing tech company which announced job cuts. The e-commerce giant is trimming the staff in specific divisions, notably Prime Video and MGM Studios. The decision follows a comprehensive review of the company's overall business operations, the company said.
Humane's cuts 4% of employees
Humane, the startup behind the AI Pin, terminated 10 employees, constituting 4% of its workforce. CEO Bethany Bongiorono attributed the cuts to strategic changes aimed at preparing for sustained growth. Notably, the company's first product is not even out yet.
Twitch trimsstaff by 35%
Twitch, a leading game streaming platform, also plans to lay off approximately 35% of its staff, equating to around 500 roles. CEO Dan Clancy said that the company is reevaluating its size relative to its business scale. He announced the decision in a message addressed to employees and called the move a painful step.
Discord's workforce downsizing
Discord, another prominent game streaming platform, laid off about 17% of its workforce, which is approximately 170 employees. The decision is purportedly aimed at introducing more agility to the company.
Flipkart may lay off 1500 employees
Flipkart was also reported to be considering laying off 5-7% of its workforce, which could translate to 1100-1500 jobs. The Indian e-commerce giant froze hiring for a year and it is said to finalise the restructuring next month.
Unity cuts 25% of staff
Unity, another videogame company, has also announced that it will lay off about 25% of its global workforce, amounting to 1800 jobs. This is the “largest workforce reduction in the company’s history” and is expected to be completed by the end of March.
Paytm lays off over 1000 employees
Paytm’s parent company, One 97 Communications, has also cut short the working strength by 1000 employees across departments, representing about 10% of the company's total workforce.
Duolingo's shift in workforce composition
Popular language learning platform Duolingo is also reducing its contract workforce due to its shift towards utilising AI for content creation. Full-time employees, however, remain unaffected.
In-Mobi to lay off 125 employees
The InMobi group is also reported to be planning to let go of more than 100 employees. As per reports, the company will let go of 125 employees from its global workforce of 2,500, which is roughly 5% of the total headcount.
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