Summary
This year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations.
Tesla is cutting “more than 10%” of its global workforce, per an internal email sent by CEO Elon Musk. The company is shutting down operations in the U.S., the U-K. and Europe, impacting at least 6,000 jobs.
Will cut hundreds of jobs across Sales, Marketing, Global Services and its Physical Stores Technology team. Conducted another round of layoffs impacting 20 employees. Laid off around 15 people earlier this year, following comments from CEO Chris Caren that would be able to reduce 20% of its headcount thanks to AI.
Will reportedly cut 1,500 roles in 2024, primarily in its Product & Technology division. Announced plans to eliminate 6% of its workforce, largely impacting the company’s sales and marketing divisions. Has laid off 60 employees, or about 19% of staff.
Food delivery company is cutting 7% of its workforce. Blizzard president Mike Ybarra announced he will also be stepping down. Disney is laying off 1,900 employees across its gaming divisions. The company is also sunsetting its five-year-old publishing group, Riot Forge.
Twitch is reportedly laying off 500 employees, 35% of its current staff, amid a continued struggle to achieve profitability. The video game engine maker went through three rounds of layoffs in 2023. The Israeli-based unicorn reportedly plans to move some impacted employees into other positions at the company.
