Tech Companies That Have Made Layoffs In 2022

Tech companies made headlines in 2022, but perhaps not for the reasons they wanted. In addition to legal disputes over acquisitions and countless data breaches, we are also seeing layoffs in the tech sector. Many of them.

Last year, many big tech companies couldn't avoid layoffs: Twitter, Tesla, Shopify, Microsoft and Netflix laid off employees, some multiple times.

We're tracking significant tech job layoffs in 2022, see a chart of how companies are cutting jobs this year.

October 26

Zillow

Job loss: about 300 workers

Seattle-based real estate company Zillow has cut 300 jobs, with the layoffs affecting housing, credit and closure services. The company said in a statement that the layoffs were part of its "normal business process." The layoffs left the company with about 5,000 employees.

October 24

cut off

Job loss: about 200 workers

Cybersecurity firm Snyk is laying off 14% of its workforce, blaming "significant market changes" that have led to "a global restructuring of the company's workforce." In addition, Snyk CEO Peter McKay said he would cut spending in other areas, including subscription services and business travel.

The 20th of October

assume

Loss of work: about 23 employees

San Francisco-based video messaging startup Loom announces the layoff of 23 employees, about 10% of the company's workforce. Sellers suffer the most. This follows cutbacks earlier in the year when 34 employees were laid off.

17 October

Microsoft

Job loss: about 1,000 workers

A series of layoffs at Microsoft resulted in the loss of nearly 1,000 employees. It's one of the biggest cuts we've seen this year, but it's still a relatively small percentage of Microsoft's over 220,000 employees. Those affected by the layoffs include the Xbox, Edge and Devices teams. Microsoft has cut at least two more jobs this year, the largest of which was 1,800 in July.

October 14

equifax

Loss of work: about 24 employees

During an internal staff audit, Equifax identified 24 employees who were "overtired", meaning they were doing two jobs at the same time. CEO Mark Begor told employees, "We expect our team to be fully committed to EFX and play their part in EFX."

October 12

Oracle

Job loss: about 200 workers

Oracle is laying off about 200 employees from its former Redwood City office after moving to Austin, Texas.

October 11

Intel

Job Loss: Potentially Thousands of Workers

Faced with a sharp drop in sales, Intel is reportedly set to cut massive job cuts shortly, which could result in a 20% reduction in staff. The company has already cut its 2022 sales forecast by $10 billion from the previous year. The official announcement of these cuts is expected at the end of October.

October 7th

Spotify

Loss of work: about 40 employees

Spotify is shutting down 11 of its exclusive podcasts, laying off 5% of the company's employees.

October 6

platoon

Job loss: about 500 workers

Just two months after Peloton's latest round of layoffs that saw nearly 800 job cuts, Peloton is cutting another 500 jobs. The fitness company came up with the perfect protection product, but the return to normality has resulted in lower profits. However, this may be the company's last business constraint for a while, as CEO Barry McCarthy says Peloton is now "focused on growth."

September 29

document

Job loss: about 650 workers

San Francisco-based DocuSign has announced that it will cut 9% of its workforce as part of its restructuring plan.

September 26

Ericsson

Job loss: about 400 workers

Telecommunications company Ericsson, like many other companies, ceases its presence in Russia. This means that 400 employees currently working in the Russian branch will be out of work by the end of the month.

September 22nd

Klarna

Job loss: about 100 workers

Swedish fintech company Klarna announced layoffs this month, the company's second such announcement this year. Although there are few casualties, Klarna is laying off about 100 employees this time, compared to 750 who were laid off in May.

inpikson

Loss of work: about 44 employees

Inpixon, a provider of technology and solutions for mapping and interior planning, has announced it is cutting 20% ​​of its expected workforce of 44 people. Chief Executive Nadir Ali said that the company has been able to strengthen its position recently, but "it needs to take into account the current economic situation."

September 14

twilight

Job loss: about 850 workers

Cloud communications provider Twilio announced an 11% reduction in staff. At the end of last year, the company had 7,867 employees. Twilio CEO Jeff Lawson said the decision was made to better manage the company.

September 13

patreon

Job loss: about 150 workers

Patreon, a subscription platform for content creators, has announced that 17% of its employees will be laid off. It is estimated that a total of about 885 employees, the loss is a significant number of employees. A week ago, the company fired five security personnel.

August 30

sleep

Job loss: more than 1280 workers

The company behind Snapchat is laying off 20% of its more than 6,400 employees this week in one of the sharpest staff cuts in recent months. The biggest cuts will go to the hardware division, the social mapping app Zenly, and the teams that help developers create mini-apps and games for Snapchat.

August, 26th

best.com

Job loss: 250 workers

As unlikely as it sounds, Better.com is in its fourth round of layoffs in a year. A source told TechCrunch that there are 250 "or more" roles being played. The company came under fire late last year when it announced mass layoffs via video.

August 16

Target

Job loss: 60 employees

Meta lays off 60 Accenture subcontractors. According to Bloomberg, employees were informed via video call and disgruntled employees learned that the decision had been made by an algorithm.

The move coincides with CEO Mark Zuckerberg's recent comments that underperforming employees will be fired.

apply

Job loss: 100 workers

Bloomberg reports that Apple is cutting 100 contractor jobs across regions. The contractors worked in the contracting division of the company. In June, CEO Tim Cook said the company was "investing in the crisis" but "will do so more deliberately, given environmental realities."

August 15

Maximum HBO

Job loss: 70 employees

It says streaming service HBO Max is cutting 70 jobs, about 14% of its workforce. In 2022, the streaming market is more competitive than ever, with Netflix cutting 300 jobs in June due to dwindling subscriber numbers.

12th of August

platoon

Job loss: 780 workers

It's been a year of change for Peloton, having previously laid off 2,800 employees and replaced its CEO. It's been a tough time for the company, with people abandoning their bikes as the pandemic subsided and a well-publicized equipment recall following the death of one of its products.

On August 12, another 780 job cuts were announced, including in delivery and customer service.

Quiet

Job loss: 90 employees

Meditation app Calm announced the layoff of 90 of its 400 employees. Calm CEO David Koh said the company is "not immune" to the current economic environment.

11th August

real pill

Loss of work: about 175 employees.

TechCrunch reports that Truepill, a digital diagnostics company for the healthcare industry, has laid off a third of its workforce, about 175 employees. The company has yet to confirm the layoffs, but there have already been two rounds of layoffs this year.

August 10

contact shaft

Loss of work: about 50 employees

The Australian company Linktree announced the reduction of 17% of its 50 employees.

In a LinkedIn post, CEO Alez Zaccaria said the move was necessary to "come stronger out of the economic crisis."

Microsoft

Job loss: about 200 workers

Business Insider reports that Microsoft is downsizing its Modern Life Experience group, which targets professional consumers. The team was first formed in 2018.

Nutanix

Job loss: 270 workers

San Francisco-based cloud software company Nutanix has announced it will cut 270 jobs from its 6,000 employees worldwide.

8 August

Oracle

Job loss: unknown, possibly hundreds

At the time of this writing, the actual number of layoffs at Oracle is not known, but there are reasons to believe that there are at least hundreds, and possibly thousands, of layoffs worldwide.

groupon

Job loss: 500 workers

The coupon site laid off 500 employees, about 15% of its total workforce. These layoffs are believed to have occurred in various departments, including sales, marketing, and development.

In a letter to employees, the company said it was focusing on "self-service dealer acquisition opportunities."

5th of August

I am robot

Job loss: 140 employees

The iRobot robot vacuum brand made headlines in August, but not because of layoffs. The company was acquired by Amazon on August 5 and chose that day to announce plans to cut 140 jobs, or 10% of its workforce.

Ring Central

Job loss: 50 employees

The layoffs at RingCentral have affected several senior positions and are taking place in two phases starting September 18 and 25. Despite these cuts, the company is doing well in the current financial climate, with second-quarter revenue up 28%.

August 2

Robin Hood

Job loss: about 700 workers

There is no doubt that this has been a tough year for the fintech company – and this is not its only appearance on this list. In August, the company laid off 23% of its roughly 700 employees. The previous round of layoffs in April resulted in nearly 300 job losses.

In a blog post on the company's website, CEO Vlad Tenev said the layoffs were driven by over-hiring in 2021 and that “as CEO, I have endorsed our ambitious talent trajectory and taken responsibility; it's up to me." A message that probably won't bring much comfort to those affected.

26 July

Shopify

Job loss: 1000 workers

Shopify's 1,000 layoffs in July accounted for 10% of the company's entire workforce. In a message sent to its employees, the company noted that most of the layoffs occurred in the areas of recruitment, personnel and sales.

Spotify CEO Toby Lutke said: “We are betting that the mix of channels, the share of dollars coming in more through e-commerce than through retail, will last for five or even 10 years. it's not worth it."

July 20

video

Loss of work: about 70 employees

Vimeo's layoffs in July accounted for about 6% of the company's employees, and the layoffs were linked to an uncertain economic future.

Vimeo CEO Anjali Sood said in a blog post, "Given the challenging market conditions and the uncertainty ahead, I believe this is a responsible move."

July 19

tik tak

Job loss: about 100 workers

Popular social media platform TikTok was no stranger to the news this year, and national security concerns have once again come to the fore. However, it was the loss of jobs that caught TikTok's attention, with about 100 employees laid off in July.

July, 12

Microsoft

Job loss: about 1800 workers

The fact that Microsoft is cutting "only" 1% of its workforce might seem like a pretty good deal, but considering the company has 181,000 employees in 2021, that's a potential 1,810 board members.

Microsoft told Bloomberg: “We eliminated a small number of positions today. Like all companies, we regularly evaluate our business priorities and make structural adjustments accordingly.”

July 7

Twitter

Job loss: less than 100 people

Twitter stopped hiring when Elon Musk bought the company, apparently to cut costs. In July, the company effectively laid off nearly 100 employees, with cuts to its talent acquisition team.

Twitter is currently in a legal battle with Musk over its acquisition, which means that the uncertainty at the company will continue in the coming months.

June 28

Tesla

Job loss: 229 employees

Elon Musk's Tesla cut 229 jobs in June, which was expected after Bloomberg reported a few weeks ago that it would cut up to 10% of its workforce.

The job loss affected salaried workers, most of whom were reported to be data entry specialists.

June 24

Netflix

Job loss: 300 workers

Netflix's subscriber base first began to dwindle in 2022, when the company was hit by fierce competition from Disney+ and well-publicized pressure to share passwords.

The slowdown in income growth was linked to the loss of 300 jobs in June and 150 in May.

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May 23

Klarna

Job loss: about 750 workers

Swedish fintech company Klarna laid off 750 employees in May, representing 10% of its workforce, and did so with a pre-recorded message.

Co-founder Sebastian Siemiatkowski said the announcement was "the most difficult" and that when the company plans for 2022, the world will be "very different than it is today."

May 11

caravan

Job loss: 2500 workers

Carvana has had a tough 2022, posting a $506 million loss in the first quarter. To cut costs, the company laid off 2,500 employees in May, some of whom were notified via video link.

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5 May

Cameo

Job loss: 87 employees

After layoffs in May, Cameo laid off just over a quarter of its staff. The company has accused it of expanding too quickly and revaluing its market in a post-pandemic world.

CEO Steven Galanis told employees, “During the pandemic, the Cameo staff has grown from just over 100 to over 400 to meet the demand for fans and talent. We hired a lot of people very quickly and since then the market conditions have grown. changed quickly. As a result, we have resized the business to best reflect the new realities.”

April 28

Netflix

Job loss: 150 workers

In May, Netflix laid off 150 employees, including 25 employees of the fan site Tudum, which launched in December. The site was designed to give Netflix subscribers a behind-the-scenes look at the streaming giant's shows, and is backed by an editorial team.

26 April

Robin Hood

Job loss: about 300 workers

In April, Robinhood's CEO said the company was laying off 9% of the company's roughly 300 employees.

April 19

best.com

Job loss: 1200 to 1500 workers.

In December 2021, Better.com laid off 900 employees and made headlines for how it got the message across: a very impersonal Zoom call.

April marked the third round of layoffs at the struggling company in less than six months, with another 1,200 to 1,500 people laid off.

9th of March

best.com

Job loss: 3,100 workers

After Zoom laid off 900 employees in December, Better.com laid off another 3,100 employees in both the US and India.

Who's next for tech layoffs?

Tech layoffs will accelerate in 2022, and with experts predicting a global recession on the horizon, we can unfortunately expect more in the final months of the year.

There are a few notable omissions on the list at this point. For example, despite the hiring slowdown, Google has yet to announce layoffs, and CEO Sunda Pichai has told employees to "work harder and hungrier than on our sunniest days." Otherwise, they will be out of luck if they are added to this list.

How can my company avoid layoffs?

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