The Goldman Sachs-backed “buy now, pay later” startup was once valued at $450 million. Is laying off more than 10% of its staff, the company confirmed to TechCrunch December 7. The business-focused streaming TV service raised $100 million in 2022. Has reportedly eliminated a large part of its workforce. Is shutting down its operations and selling its assets to Nutanix. Will lay off more than 500 employees after closing fulfillment centers in Ohio and Nevada in February 2024. On its website, Y Combinator categorizes Sunfolding as an “inactive” company. Is reportedly winding down its operations. Has shut down three months after filing for Chapter 11 bankruptcy, citing $900 million of debt. It would be the fintech unicorn’s fourth round of layoffs this year. Has reportedly laid off 15 people across various departments. In a letter to employees December 13, CEO Josh Silverman cited a “very challenging macro and competitive environment.” Chipper Cash In an announcement obtained exclusively by TechCrunch, the embattled self-driving car company is cutting 900 employees, or 24% of its workforce, per a December 14 email from new president and CTO Mo Elshenawy. The e-commerce company known for its one-click checkout technology was at one time the subject of a federal probe. November: 6,956 employees laid off - see all November 2023 Tech LayoffsĬonfirmed it laid off 29% of its staff December 15.October: 7,331 employees laid off - see all October 2023 Tech Layoffs.September: 4,632 employees laid off - see all September 2023 Tech Layoffs.August: 9,545 employees laid off - see all August 2023 Tech Layoffs. July: 10,589 employees laid off - see all July 2023 Tech Layoffs.June: 10,958 employees laid off - see all June 2023 Tech Layoffs.May: 14,928 employees laid off - see all May 2023 Tech Layoffs.April: 20,014 employees laid off - see all April 2023 Tech Layoffs.March: 37,823 employees laid off - see all March 2023 Tech Layoffs.February: 40,021 employees laid off - see all February 2023 Tech Layoffs.January: 89,554 employees laid off - see all January 2023 Tech Layoffs.Tech layoffs conducted to date this year currently exceed the total number of tech layoffs in 2022, according to the data in the tracker. The running total of layoffs for 2023 based on full months to date is 224,503, according to Layoffs.fyi. If you prefer to remain anonymous, you can contact us here. If you have a tip on a layoff, contact us here. īelow you’ll find a comprehensive list of all the known layoffs in tech that have occurred in 2023, to be updated monthly. Unfortunately, it also serves as a reminder of the deeply human impact of layoffs and how risk profiles could evolve from here. But the momentum for a tech sector rebound has been slow to build, resulting in tech companies continuing to cut back on their workforces and pivot from a growth mindset to one based on efficiency in the face of stubborn market conditions.īut tracking these layoffs helps us to understand the impact on innovation, which companies are facing tough pressures and who is available to hire for the businesses lucky to be growing right now. Many economists have cautioned against fears of a recession, which would seem like a reason for optimism. And while tech layoffs slowed down in the summer and fall, it appears that cuts are ramping up yet again. Startups across many sectors also announced cutbacks through the first half of the year. Earlier this year, mass workforce reductions were driven by the biggest names in tech like Google, Amazon, Microsoft, Yahoo, Meta and Zoom. The tech industry has seen more than 240,000 jobs lost in 2023, a total that’s already 50% higher than last year and growing. Last year’s techwide reckoning continues.
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