Though technology companies announced massive layoffs last year, 2023 has been much worse. Layoffs have far outpaced last year’s cuts, as tech giants including Amazon,Cisco, Facebook parent company Meta, Microsoft, Google, IBM, SAP, and Salesforce — as well as many smaller companies — announce sweeping job cuts.
The problem: Big Tech went on a hiring binge during the pandemic when lockdowns sparked a tech buying spree to support remote work and an uptick in e-commerce, and now they face revenue declines.
Continuing supply chain issues, inflation, and the war in Ukraine are also having an impact on both business and consumer spending, leading to fears of recession.
According to data compiled by Layoffs.fyi, the online tracker keeping tabs on job losses in the technology sector, 1,056 tech companies have laid off about 240,089 staff so far this year, compared to 164,411 layoffs last year.
Here is a list — to be updated regularly — of some of the most prominent technology layoffs the industry has experienced recently.