Companies that announced Major Layoffs and Hiring Freezes

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Intellizence offers the latest Layoffs, Downsizing, Job Cuts, and Hiring Freeze data for market intelligence, customer intelligence, sales intelligence, and risk intelligence activities. We monitor public sources like news and WARN filings for the latest layoff and hiring freeze announcements. We aggregate, de-duplicate, normalize, and deliver the curated layoff data through an API and Web dashboard.

Since January 1st, 2023, 5487+ companies have announced mass layoffs.

Since January 1st, 2024, 1582+ companies have announced mass layoffs.[Last update: March 05, 2024].

Layoff Tracker 2024 – Recent Layoffs of The Week

  • March 13, 2024 – IBM begins layoffs amid push toward AI.
  • March 12, 2024 – 150 John Deere employees in Ankeny to be placed on ‘indefinite layoff’
  • March 11, 2024 – Deadspin’s Entire Staff Laid Off as G/O Media Sells Sports News Site to European Startup
  • March 08, 2024 – Pattison Media lays off three percent of its workforce.
  • March 07, 2024 – Exxon Cuts About 15% of Denbury’s Workforce on Heels of Acquisition.

Major Layoffs and Hiring Freezes in 2023 & 2024

Alshaya Group

No. of Employees to be Laid off:  2000

Industry: Hospitality

March 2024

Alshaya Group, a Kuwait-based franchise operator with the rights to operate Starbucks in the Middle East, plans to cut 2,000 jobs across the region “due to the continually challenging trading conditions over the last six months.

Lumentum

No. of Employees to be Laid off:  750

Industry: Telecommunications

March 2024

Lumentum, a leading designer and manufacturer of optical and photonic products, is reducing its workforce by 10%, impacting around 750 individuals, as part of its global restructuring plan.

Expedia

No. of Employees to be Laid off:  1500

Industry: Tourism & Hospitality

February 2024

Expedia, the online travel agency, has eliminated about 1,500 employees as part of an “organizational and technological transformation.” The cuts, which amount to nearly 9% of its global workforce, come amid slowing travel demand following a post-pandemic boom.

Northrop Grumman 

No. of Employees to be Laid off:  1000

Industry:  

February 2024

Northrop Grumman is preparing to cut as many as 1,000 jobs at its Space Park facility in Redondo Beach after the US Space Force canceled a contract to develop a military communications satellite.

Sony

No. of Employees to be Laid off:  900

Industry: Consumer Products

February 2024

Sony will cut 900 jobs, or 8%, in PlayStation’s global workforce. The layoffs will impact all regions for Sony Interactive Entertainment,

Continental AG 

No. of Employees to be Laid off:  7150

Industry: Automobile

February 2024

German auto supplier Continental AG will eliminate nearly 7,150 jobs worldwide by 2025. The group would lay off 1,750 jobs in research and development, including 380 at software subsidiary Elektrobit.

Cisco Systems

No. of Employees to be Laid off:  4000

Industry: Technology

February 2024

Cisco Systems will cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy.

ThyssenKrupp AG

No. of Employees to be Laid off:  2370

Industry: Steel & Mining

February 2024

German conglomerate Thyssenkrupp AG will cut 3,000 jobs and invest 4.2 billion euros ($4.6 billion) in its struggling steel division by 2026 as part of a wage deal struck with powerful labor union IG Metall.

Nike

No. of Employees to be Laid off:  1600

Industry: Consumer Products

February 2024

Nike plans to lay off around 1,600 employees, or about 2% of its global workforce, as part of a $2 billion cost-cutting strategy.

Bell Media

No. of Employees to be Laid off:  4800

Industry: Media & Entertainment

February 2024

Bell Media is ending multiple television newscasts and making other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations. The company will lay off around 4,800 jobs. Fewer than 10 percent of the total job cuts are at Bell Media.

Estee Lauder

No. of Employees to be Laid off:  3100

Industry: Consumer Products

February 2024

Estee Lauder would be laying off between 3% and 5% of its staff, impacting about 3100 employees, in order to reduce its expenses.

Ford

No. of Employees to be Laid off:  2,700

Industry: Automobile 

February 2024

Ford has agreed with union chiefs to cut about 2,700 jobs from a German plant as it switches electric vehicle production to Spain. The jobs will be lost at the Saarlouis plant once production of the Ford Focus stops there next year.

Miele

No. of Employees to be Laid off:  2,700

Industry: Retail

February 2024

German household appliance manufacturer Miele is planning to axe up to 2,700 jobs as low demand and rising costs forced the group to make cuts.

UPS 

No. of Employees to be Laid off:  12,000

Industry: Logistics & Supply Chain

February 2024

UPS will cut 12,000 jobs as part of a bid to save $1 billion in costs. Managers and contractor positions will make up most of the layoffs.

Deutsche Bank

No. of Employees to be Laid off:  3500

Industry: Banking & Financial Services

February 2024

Deutsche Bank would cut 3,500 jobs, buy back shares and pay dividends, after posting a 30% drop in fourth-quarter profit. The bank had already announced plans to trim headcount and the jobs affected will be back office roles.

American Airlines

No. of Employees to be Laid off:  656

Industry: Aviation

February 2024

American Airlines to lay off 656 workers as it consolidates. Customer support workers in Phoenix and Dallas-Fort Worth will lose their jobs as the airlines aims to streamline response.

Okta

No. of Employees to be Laid off:  400

Industry: Technology

February 2024

Okta has eliminated 400 full-time jobs as part of a “restructuring plan,” representing 7 percent of its staff. The new round of layoffs comes a year after Okta disclosed it was cutting 300 employees, which had represented 5 percent of the identity security vendor’s global workforce at the time.

Microsoft

No. of Employees to be Laid off:  1900

Industry: Technology

January 2024

Microsoft will lay off around 1,900 employees in its gaming unit, or around 9% of its workforce. Microsoft Gaming CEO Phil Spencer said the layoffs were part of a larger “execution plan” to reduce overlap areas.

Lloyds Banking Group

No. of Employees to be Laid off:  1600

Industry: Banking

January 2024

Lloyds Banking Group plans to lay off around 600 employees across its branches to push its online banking services. However, the British lender will also add around 830 jobs to its relationship-growth team to improve customer service through phone and video calls.

Valeo

No. of Employees to be Laid off:  1150

Industry: Automobile

January 2024

French automotive supplier Valeo will cut 1,150 jobs worldwide as it merges units manufacturing parts for hybrid and electric vehicles.

eBay

No. of Employees to be Laid off:  1000

Industry: E-Commerce

January 2024

EBay plans to lay off 9% of the company’s workforce, which is equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start in 2024.

Corning Inc.

No. of Employees to be Laid off:  1000

Industry: Manufacturing

January 2024

Corning Incorporated, a leading materials science company, has laid off around 2% of its global workforce, which affects around 1,000 employees.

Salesforce

No. of Employees to be Laid off:  700

Industry: Technology

January 2024

Salesforce is laying off about 700 employees, or roughly 1% of its global workforce. The job cuts follow a wave of U.S. tech layoffs after the industry hired heavily during the pandemic,

Tata Steel

No. of Employees to be Laid off:  2800

Industry: Manufacturing

January 2024

Indian firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener.

Macy’s

No. of Employees to be Laid off:  2000

Industry: Retail

January 2024

Department store chain Macy’s plans to lay off about 13% of its corporate staff and close five stores to trim costs and redirect spending to improve the customer experience. Macy’s has rejected a $5.8 billion offer to take the iconic department store private as it prepares to slash costs amid ongoing struggles.

Wayfair

No. of Employees to be Laid off:  1650

Industry:  Retail

January 2024

Online home goods retailer Wayfair is laying off approximately 1,650 employees, representing about 13% of its global workforce. The move is expected to save the company more than $280 million annually.

Bosch

No. of Employees to be Laid off:  1200

Industry: Consumer Goods

January 2024

Automotive supplier Bosch wants to cut 1,200 jobs in its software development division by the end of 2026. Talks with employee representatives had yet to start, referring to the proposed job cuts as planned but not yet finalized.

Citi Group

No. of Employees to be Laid off:  20,000

Industry: Banking

January 2024Citigroup, the parent company of Citibank, plans to cut 20,000 jobs over the next two years. The layoffs are part of restructuring plans instituted by Chief Executive Officer (CEO) Jane Fraser to simplify the bank’s operations.

Google

No. of Employees to be Laid off:   1000

Industry: Technology

January 2024

Google has cut around 1000 jobs in many of its divisions, including its core engineering and hardware divisions. The Verge reports that job cuts are hovering around a thousand within teams focusing on Pixel phones, Nest smart thermostats, Fitbit watches, and Google Assistant.

Unity Software

No. of Employees to be Laid off:   1800

Industry: Technology

January 2024

Unity Software would lay off about 1,800 employees, or 25% of its overall workforce. The gaming technology company said in a regulatory filing that the cuts are part of a corporate restructuring plan.

GDI Integrated Facilities Services

No. of Employees to be Laid off:   1867

Industry: Consumer Services

January 2024

GDI Integrated Facilities Services, a Montreal janitorial and cleaning services company, is cutting 1,867 employees in the United States, including 438 across Florida, after its contract to work at some Amazon warehouses was canceled.

Twitch

No. of Employees to be Laid off:   500

Industry: Media 

January 2024

Amazon’s live streaming platform, Twitch, would cut 500 employees or 35% of its workforce. “As you all know, we have worked hard over the last year to run our business as sustainably as possible,” wrote Twitch CEO Dan Clancy in a blog post. “Unfortunately, we still have work to do to rightsize our company, and I regret having to share that we are taking the painful step of reducing our headcount by just over 500 people across Twitch.”

Telefonica

No. of Employees to be Laid off:   3421

Industry: Telecommunication

January 2024

Spanish telecoms group Telefonica, in a deal with unions, plans to lay off up to 3,421 employees in Spain. The plan will cost around 1.3 billion euros before taxes as it seeks to reduce costs.

Enphase Energy

No. of Employees to be Laid off:  340

Industry: Energy & Utilities

January 2024

Solar company Enphase Energy will lay off 10% of its workforce. Enphase produces inverters that convert the energy the panels collect into usable household power.

Johnsonville

No. of Employees to be Laid off:   400

Industry: Consumer Products

January 2024

Johnsonville, LLC will close one of its plants by the end of the year as the result of a local acquisition, impacting nearly 400 workers.

Xerox

No. of Employees to be Laid off:   15% of Workforce

Industry: IT Services & Outsourcing

January 2024

Xerox, the IT corporation behind ubiquitous office equipment like scanners and printers, is laying off 15% of its workforce as part of a so-called “reinvention” strategy. The cut would affect some 3,000 positions.

Bolt.Earth

No. of Employees to be Laid off:  20% of Workforce

Industry:  Automobile

December 2023

Bengaluru-based electric vehicle (EV) charging infrastructure and OS provider Bolt.Earth has laid off around 15-20% of its workforce in a restructuring exercise.

Google

No. of Employees to be Laid off:  30,000

Industry:  Technology

December 2023

After cutting 12,000 jobs this year, Google reportedly plans to lay off around 30,000 employees. According to a recent report from The Information, Google is considering a substantial workforce reduction as part of a strategic move to integrate AI into various aspects of its business processes. The proposed restructuring will impact Google’s ad sales department.

Telefonica

No. of Employees to be Laid off:  3,400

Industry:  Telecommunication

December 2023

Spanish telecoms group Telefonica will lay off more than 3,400 people by 2025 to reduce costs and adapt the company’s size to the current market.  The layoffs will mostly occur in late February 2024.

Paytm

No. of Employees to be Laid off:  1000

Industry:  Technology

December 2023

Paytm laid off over 1,000 employees across units, impacting at least 10% of its workforce. The move comes as the publicly listed financial services firm aims to reduce costs and realign its various businesses.

PT Waskita Karya

No. of Employees to be Laid off:  500

Industry:  Construction

December 2023

Indonesia’s state-owned construction company PT Waskita Karya has announced it is laying off 500 employees to improve its financial efficiency amid a push to resolve its debt burden.

Agilent Technologies

No. of Employees to be Laid off:  400

Industry:  Technology

December 2023

Agilent Technologies, a maker of laboratory instruments, plans to lay off about 400 employees, or 2% of its global workforce, to reduce costs that include some site closures.

ShareChat

No. of Employees to be Laid off:  200

Industry:  Technology

December 2023

Bengaluru-based social-media platform ShareChat reportedly terminated 200 employees on Wednesday following an official statement citing “strategic restructuring” and the need to “streamline the company’s cost base.”

Hasbro

No. of Employees to be Laid off:  1100

Industry:  Retail

December 2023

Hasbro, a leading player in the toy industry, is undergoing reorganization. CEO Chris Cocks has informed employees via email that the company will be implementing a global workforce reduction of 1,100 employees as part of Hasbro’s strategic overhaul.

State Street Corp.

No. of Employees to be Laid off:  1500

Industry:  Financial Services

December 2023

State Street has laid off 1,500 employees. The move is being made to “position ourselves for long-term success and take difficult but necessary steps to streamline our organization further.”

General Motors

No. of Employees to be Laid off:  1300

Industry:  Automobile

December 2023

According to WARN notices the company has filed with state regulators, General Motors will lay off about 1,300 workers from two of its Michigan plants, Orion Assembly and Lansing Grand River Assembly. The job cuts that will take place in the new year, come after the automaker said in October that it would be delaying electric pickup truck production into 2025.

Alitalia

No. of Employees to be Laid off:  3000

Industry:  Aviation

December 2023

Alitalia’s administrator has asked Italy’s government to raise to nearly 7,000 employees under a temporary lay-off scheme, with most of its aircraft standing idle during the coronavirus outbreak. There is a request for 2,900 more workers to join the scheme in a letter sent by the state-appointed administrator to unions and government ministries and seen by Reuters.

Spotify

No. of Employees to be Laid off:  1500

Industry:  Media & Entertainment

December 2023

Spotify is cutting 17% of its global workforce, amounting to around 1,500 employees, as it tries to reduce costs while focusing on profitability. This follows layoffs of 600 people in January and an additional 200 in June. 

Guangzhou Automobile Group Honda 

No. of Employees to be Laid off:  900

Industry:  Automobile

December 2023

Guangzhou Automobile Group (GAC) Honda Automobiles will let go seven percent of its 13,000-strong workforce. That means Honda’s joint venture in China will terminate the contracts of at least 900 workers, as it is now shifting focus towards electric vehicles.

CBC/ Radio Canada

No. of Employees to be Laid off:  600

Industry:  Media & Entertainment

December 2023

The Canadian Broadcasting Corporation/Radio-Canada plans to cut about 10 percent of its workforce and axe some programming to cope with a potential $125 million budget shortfall. The public broadcaster said it plans to cut 600 union and non-union positions across the organization.

Capita

No. of Employees to be Laid off:  900

Industry:  IT Services & Outsourcing

November 2023

Capita, which runs services for local councils, the military, and the NHS and manages the BBC TV license fee, plans to cut 900 jobs to save costs. The outsourcing group said the cuts would affect mainly support function employees rather than customer-facing staff.

Nien Hsing Textile Co.

No. of Employees to be Laid off:  700

Industry:  Textiles

November 2023

Due to falling orders, Nien Hsing Textile Co., one of Taiwan’s leading denim fabric and jeans makers, would close its factory in Miaoli County’s Houlong Township. The closure would impact over 700 workers.

Surefox North America

No. of Employees to be Laid off:  386

Industry:  Security

November 2023

According to WARN documents, Surefox North America, a security company serving multiple Google offices, will let go of around 386 workers in December. Surefox markets itself as “physical risk management solutions for individuals and businesses.

Stellantis

No. of Employees to be Laid off:  6400 (buyout)

Industry:  Automobile

November 2023

Chrysler parent Stellantis has offered buyouts to roughly 6,400 of its 12,700 employees. This will help to reduce headcount and cut costs of the automaker’s North American operations.

HannesBrands

No. of Employees to be Laid off:  1592

Industry:  Retail

November 2023

U.S. apparel company HanesBrands will close one of its plants in El Salvador, laying off around 1592 employees.

Alstom

No. of Employees to be Laid off:  1500

Industry:  Manufacturing

November 2023

France-based Alstom, which manufactures high-speed trains, plans to lay off 10% of its employees, or about 1,500 workers. The firm also might sell more of its shares to raise money to bolster its balance sheet by 1 billion euros.

Embracer Group

No. of Employees to be Laid off:  900

Industry:  Technology

November 2023

Embracer Group, the Swedish video game and media holding corporation responsible for a wide range of intellectual properties and game studios, has laid off 900 employees over the past three months.

Maersk

No. of Employees to be Laid off:  10,000

Industry:  Shipping & Ports

November 2023

Shipping and logistics giant Maersk would cut more than 10,000 jobs as a pandemic-fueled cargo boom ended, leaving the industry with a surplus of ships and sharply lower freight rates. Maersk saw its third-quarter profit plummet to $521 million from $8.88 billion last year.

Block

No. of Employees to be Laid off:  1000

Industry:  Technology

November 2023

Block, a tech firm specializing in financial services, will eliminate nearly 1,000 jobs in its upcoming layoffs. Twitter’s Jack Dorsey, the company’s founder, indicated this intention in a recent third-quarter shareholder letter, aiming to keep the employee count below 12,000.

Pico Interactive

No. of Employees to be Laid off:  2000

Industry:  Technology

November 2023

Pico is laying off around 2000 employees as it works to “restructure” its business.

Viasat

No. of Employees to be Laid off:  800

Industry:  Telecommunication

November 2023

Viasat is laying off 800 employees, about 10% of its workforce, as it is integrating the Inmarsat business post-acquisition. The layoffs will be spread across the business regarding geographies and divisions.

Charles Schwab

No. of Employees to be Laid off:  2000

Industry:  Financial Services

November 2023

Charles Schwab has laid off about 5% to 6% of its employees, amounting to roughly 2,000 people, as it looks to cut costs. A Schwab spokesperson said these “were hard but necessary steps to ensure Schwab remains highly competitive, with industry-leading levels of efficiency, well into the future.”

TVA Group

No. of Employees to be Laid off:  500

Industry: Media & Entertainment

November 2023

TVA Group would eliminate 547 positions, including 300 in-house production positions, 98 operations positions, and 149 positions in other departments, after suffering from “shrinking audiences, declining subscriptions, and falling advertising revenues.

Splunk

No. of Employees to be Laid off:  560

Industry: Technology

November 2023

Splunk layoffs will impact around 500 of the company’s employees ahead of its acquisition by Cisco. Most of the cuts will take place in California. CEO Gary Steele said the Splunk layoffs in a U.S. Securities and Exchange Commission (SEC) filing and letter to employees.

Pfizer

No. of Employees to be Laid off:  800

Industry: Biotechnology

October 2023

Following prior rounds of cuts in Illinois and Colorado, Pfizer is downsizing in New Jersey, according to a WARN alert. Pfizer plans to close its NJ facility in early 2024. Seven hundred ninety-one positions are affected, and the “vast majority” of workers will be reassigned to Pfizer’s New York Headquarters.

VW Group

No. of Employees to be Laid off:  2000

Industry: Automobile

October 2023

Volkswagen plans to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan that will delay its long-awaited new software architectures even further.

British Steel

No. of Employees to be Laid off:  2000

Industry: Metal & Mining

October 2023

British Steel is preparing to cut as many as 2,000 jobs as it battles losses believed to be running at £30m a month. The cuts, which amount to almost half of the firm’s 4,500 workforce, are part of a switch to greener steel production using electric arc furnaces instead of polluting blast furnaces, which use coke to melt iron ore.

AGCO

No. of Employees to be Laid off:  900 (Furlough)

Industry:  Manufacturing

October 2023

AGCO will temporarily furlough up to 900 employees to “upgrade critical systems” at the company’s Hesston, Kansas, plant. The furloughed employees will get supplemental pay and retention bonuses.

Fox Fashion

No. of Employees to be Laid off:  50% of Employees (Furlough)

Industry: Retail

October 2023

Israeli retail fashion chain Fox Group has decided to furlough 30% to 50% of its staff across the country because of the economic repercussions of the ongoing war with the Hamas terror group.

AMD

No. of Employees to be Laid off:  450

Industry: 

October 2023

AMD plans to lay off up to 450 people from the Radeon GPU Division in Shanghai, China, as profits drop by 94% YoY.

Nokia

No. of Employees to be Laid off:  14000

Industry: Telecommunication

October 2023

In a major cost-cutting drive, Nokia will lay off up to 14,000 jobs to address a “weaker” market environment. The Finnish telecom giant, a major provider of 5G equipment, employs 86,000 people.

Rolls-Royce

No. of Employees to be Laid off:  2500

Industry: Aviation

October 2023

Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations. Britain’s flagship engineering firm, which makes engines for Boeing (BA) and Airbus planes, said the cuts were part of a broader strategic overhaul to “remove duplication and deliver cost efficiencies.” The restructure will lead to between 2,000 and 2,500 job losses from a global workforce 42,000, a cut of around 6%.

International Paper

No. of Employees to be Laid off: 900

Industry: Media

October 2023

International Paper will permanently close its containerboard mill in Orange, Texas, and end production at two of its pulp machines in North Carolina and Florida. This would result in an estimated 900 layoffs as part of an optimization plan.

LinkedIn

No. of Employees to be Laid off: 668

Industry: Technology

October 2023

Microsoft’s LinkedIn would lay off 668 employees across its engineering, talent, and finance teams in the second round of job cuts this year amid slowing revenue growth. The cuts, which affect more than 3% of the 20,000-strong staff, add to the tens of thousands of job losses this year in the technology sector in the face of an uncertain economic outlook.

Qualcomm

No. of Employees to be Laid off: 1260 (2.5% of the workforce)

Industry: Technology

October 2023

Qualcomm is to trim its workforce by 2.5 percent, with the layoffs reportedly happening in its Santa Clara and San Diego offices. Both facilities will remain functional, with the job cuts said to be effective starting December’23.

Sana Biotechnology

No. of Employees to be Laid off: 29% of the workforce

Industry: Healthcare

October 2023

Sana Biotechnology, a startup that had raised over $1 billion a couple of years ago with plans to create a portfolio of powerful medicines,  would lay off nearly a third of its employees. According to the SEC filing, the company said it is increasing focus on its ex vivo cell therapy product candidates, resulting in a “strategic re-positioning” and delaying other projects.

Stellantis

No. of Employees to be Laid off: 700 

Industry: Technology

October 2023

With the UAW strike against the Detroit automakers continuing, Stellantis has temporarily laid off 700 additional employees. The automaker released a statement saying the additional layoffs were prompted due to the ongoing strike at the Toledo Assembly Complex.

Qualtrics

No. of Employees to be Laid off: 780 (14% of the workforce)

Industry: Technology

October 2023

Qualtrics, the experience-management software company, is laying off about 780 employees -14% of its workforce, to reduce costs and restructure its organization. The company is cutting jobs to address the internal complexity of its past hiring and growth.

Hopper

No. of Employees to be Laid off: 30% of Workforce

Industry: Tourism & Hospitality

October 2023

Travel app Hopper has laid off nearly 250 employees, or 30 percent of its workforce. Most of the employees laid off were in the United States or internationally.

General Motors and Ford Motor

No. of Employees to be Laid off: 900

Industry: Automobile

October 2023

General Motors and Ford are laying off almost 900 additional workers between them, blaming the expansion of the strike announced by the United Auto Workers union.

Pushkin Industries

No. of Employees to be Laid off: 30% of Workforce

Industry: Media & Entertainment

September 2023

Bestselling author Malcolm Gladwell’s company, Pushkin Industries, is laying off over 30% of its workforce and shaking up its leadership team. This aligns with the podcast industry, which continues to recalibrate after years of expensive deals and growth.

Byju’s

No. of Employees to be Laid off: 5000

Industry: Edutech

September 2023

Edtech major Byju’s is to lay off around 5,000 employees in a “business restructuring exercise to pare down costs amid a broad restructuring of its business following a delayed IPO and pressure from lenders.” The restructuring exercise is being undertaken under the leadership of new CEO Arjun Mohan.

Centene Corp.

No. of Employees to be Laid off: 2000

Industry: Healthcare

September 2023

Centene Corp. plans to lay off about 2,000 employees, about 3% of its workforce, as it confronts “headwinds” from two federal government programs.

Epic Games

No. of Employees to be Laid off: 830

Industry: Gaming Technology

September 2023

Epic Games, the company behind the popular video game Fortnite, is laying off about 830 employees, or 16% of its workforce, as it tries to improve financial stability.

Airtable

No. of Employees to be Laid off: 27% of Employees

Industry: Technology

September 2023 

Airtable, a low-code platform for building collaborative apps, has laid off about 27% of the workforce, or 237 employees, in the second round of job cuts.

Deloitte UK

No. of Employees to be Laid off:    800 (3% of Employees)

Industry: Financial Services

September 2023

The 27,000-strong workforce of Deloitte UK may be reduced by over 800. The professional services firm plans to reduce its team in the UK by three percent.

Ford

No. of Employees to be Laid off: 600

Industry:  Automobile

September 2023

Ford Motor Company has temporarily laid off 600 workers at the Michigan Assembly Plant amid the United Auto Workers strike.

Goodyear

No. of Employees to be Laid off:    1200

Industry: Manufacturing

September 2023

Goodyear Tire & Rubber has approved a rationalization and workforce reorganization plan in Europe, the Middle East and Africa that would lead to 1,200 job cuts

Slalom Consulting

No. of Employees to be Laid off:   900

Industry: Financial Services

September 2023

Seattle-based business and technology firm Slalom Consulting laid off about 900 employees in a workforce reduction.

Roku

No. of Employees to be Laid off:   10% of its Employees

Industry: Media & Entertainment

September 2023

Roku, the streaming service company, has laid off 10% of its workforce – about 300 people – to cut costs. In addition to the layoffs, it would slow its pace of hiring, consolidate office space, reduce its outside services, and perform “a strategic review of its content portfolio” to save money.

Wilko

No. of Employees to be Laid off:  1300

Industry: Retail

September 2023

British household goods company Wilko has collapsed owing to big debts. It has impacted about 12,000 jobs as high inflation and interest rates hurt consumers and businesses.

Tyson Foods

No. of Employees to be Laid off:  4600

Industry: Consumer Products

August 2023

The Tyson Foods plant announced the closure of its 6 facilities and the layoff of more than 4,600 workers in Arkansas, Indiana, Missouri, and Virginia.

Farmers Insurance

No. of Employees to be Laid off:  2400 (11% of Employees)

Industry: Insurance

August 2023

Farmers Insurance plans to lay off 11% of its workforce — about 2,400 employees — as part of a corporate restructuring to increase its efficiency and long-term profitability.

T-Mobile

No. of Employees to be Laid off:  5000

Industry: Telecommunication

August 2023

T-Mobile plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks.

Royal Bank of Canada (RBC)

No. of Employees to be Laid off: 1800

Industry: Banking & Financial Services

August 2023

Royal Bank of Canada (RBC) plans to cut about 1,800 jobs after Canada’s largest bank beat analysts’ estimates for the third quarter.

GM

No. of Employees to be Laid off: 936

Industry: Automobile

August 2023

GM to close Chandler IT Innovation Center and lay off 936 workers.

Giant Foods

No. of Employees to be Laid off:  400

Industry: Restaurant

August 2023

Giant Food to shutter three delivery warehouses, eliminating 400 jobs. The grocery chain will shutter fulfillment centers in Maryland, Virginia and Delaware.

Matheson

No. of Employees to be Laid off: 335

Industry: Logistics

August 2023

Matheson, a truck freight forwarding and aircraft support service provider, has laid off 335 employees at its Atlanta office. The decision comes nearly a year after the Sacramento, California-headquartered company filed for voluntary Chapter 11 bankruptcy.

Klaussner Furniture Industries

No. of Employees to be Laid off: 800

Industry: Retail

August 2023

Klaussner shut down operations after 60 years on Aug. 7, letting go of 893 employees in Randolph County following an inability to access additional funding from its lender.

Cano Health

No. of Employees to be Laid off: 700

Industry: Healthcare

August 2023

Membership-based primary care provider Cano Health is laying off 700 employees, exiting four markets – California, New Mexico, Illinois. and Puerto Rico. Around 40% of the layoffs are tied to the company’s pending exit from above markets.

Credit Suisse

No. of Employees to be Laid off: 80% of Employees

Industry: Financial Services

August 2023

Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of the bank’s integration with UBS Group.

Emergent BioSolutions

No. of Employees to be Laid off: 400

Industry: Biopharmaceutical

August 2023

Emergent to lay off around 400 to move away from contract manufacturing. The job cuts will affect “all areas of the company” and lead to over $100 million annual savings.

Yellow Corp

No. of Employees to be Laid off: 30000

Industry: Transportation

August 2023

Yellow Corp., a 99-year-old trucking company, once a dominant player in its field, has halted operations and laid off all 30,000 workers.

Telus

No. of Employees to be Laid off: 6000

Industry: Telecommunication

August 2023

Telecommunications company Telus is laying off 6,000 jobs, citing its need to free up cash flow and remain competitive. The cuts involve 4,000 positions at its main Telus business and 2,000 at Telus International, including offers of early retirement and voluntary departure packages.

CVS Health

No. of Employees to be Laid off: 5000

Industry: Healthcare

August 2023

CVS Health is eliminating about 5,000 jobs to reduce costs as it focuses on healthcare services. The cuts represent less than 2% of the company’s workforce, comprising roughly 300,000 employees.

BCE

No. of Employees to be Laid off: 5000

Industry:  Telecommunication

August 2023

Canada’s top broadcaster, BCE, has laid off 1,300 jobs and closed or sold nine radio stations in a major reorganization, citing dwindling audiences, slumping advertising, and a regulatory environment too slow to adapt.

AT&T

No. of Employees to be Laid off: 1000

Industry:  Telecommunication

August 2023

AT&T Inc.’s human resources chief, Angela Santone, will leave the company at the end of September, just as the telecommunications giant eliminates thousands of jobs as part of a newly expanded $8 billion cost-reduction program.

Accenture

No. of Employees to be Laid off: 890

Industry:  Technology

August 2023

Accenture plans to cut around 890 jobs from its Irish operations on top of the 400 staff let go earlier this year. The layoffs are part of a round of global job reductions announced in March.

Ericsson

No. of Employees to be Laid off: 750

Industry:  Technology

August 2023

Ericsson has informed its employees in North America about impending job cuts, which will impact up to 750 employees. In February, Ericsson officially announced a global workforce reduction of 8,500 jobs. Starting from October 1, 2023, all of Ericsson’s field services in the US will be carried out by “external providers,” with a separation date set for September 29, 2023.

Microsoft

No. of Employees to be Laid off: 1000

Industry: Technology

July 2023

Microsoft cut its headcount by 1,000 jobs, mostly in sales and customer services. The layoff affected 276 employees in the Seattle area.

Lendlease

No. of Employees to be Laid off: 750

Industry: Real Estate

July 2023

Australia-based developer and contractor Lendlease has laid off about 10% of its global workforce. The layoffs affected about 740 jobs, about 5% of Australian staff and 15% elsewhere.

Regina Miracle

No. of Employees to be Laid off: 8400

Industry: Consumer Products

July 2023

Global renowned lingerie manufacturer Regina Miracle has laid off 8,400 employees at its factory in Vietnam within a year due to a decline in export orders. Founded in Hong Kong, China, Regina Miracle is a major lingerie production hub for many well-known global brands, such as Victoria’s Secret.

Amdocs

No. of Employees to be Laid off: 2000

Industry: Technology

July 2023

Amdocs is laying off around 2,000 employees, 6.5% of the workforce, in another round of cutbacks. In Israel, the reduction rate will be slightly lower, with Amdocs bidding farewell to 200 employees out of the 5,000 employed in the country.

Viaplay

No. of Employees to be Laid off: 1000

Industry: Media & Entertainment July 2023 Viaplay, the streaming service, has laid off around 1,000 employees, or more than half of its workforce, as part of a restructuring effort, which is facing financial difficulties.

Wall Green Boots

No. of Employees to be Laid off: 393

Industry: Pharmaceutical July 2023 Walgreens Boots Alliance has laid off almost 400 employees at its e-commerce shipping center in Edwardsville, Illinois. The layoffs came six weeks after the drugstore giant announced plans to cut 504 corporate jobs in Chicago and Deerfield.

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Latest Layoffs Data By Industry:

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Xiaomi

No. of Employees to be Laid off: 500

Industry: Technology

June 2023

Xiaomi has reduced its headcount in India and shifted most of its decisions to its parent company in China. It has laid off around 500, bringing the headcount to less than 1000.

GKN Aerospace

No. of Employees to be Laid off:  700

Industry: Aviation

June 2023 

GKN Aerospace, one of the St. Louis region’s largest manufacturers, plans to shut down its Hazelwood plant and lay off over 700 workers.

Virgin Media O2

No. of Employees to be Laid off:  2000

Industry: Telecommunication

June 2023 

Virgin Media O2 has become the latest telco planning to cut between 800 to 2,000 jobs in the UK. The company is a product of a merger between Virgin Media and O2 and comprises mobile, broadband, TV, and home phone services, serving over 47 million customers in the country.

UBS Group

No. of Employees to be Laid off:  35000

Industry: Banking & Financial Services

June 2023 

UBS Group plans to cut over half of Credit Suisse Group’s workforce after the bank’s emergency takeover. Bankers, traders, and support staff in Credit Suisse’s investment bank in London, New York, and in some parts of Asia are expected to bear the brunt of the cuts, with almost all activities at risk.

Autoliv

No. of Employees to be Laid off:  8000

Industry: Automotive

June 2023 

Autoliv, the world’s largest manufacturer of airbags and seatbelts, plans to cut its workforce by approximately 8,000, to accelerate cost savings in response to surging inflation. The Swedish company will eliminate roughly 6,000 direct positions and up to 2,000 indirect roles not directly involved in production lines and will entail the closure of multiple European sites.

Tara Mines

No. of Employees to be Laid off:  650

Industry: Mining

June 2023 

Tara Mines in Navan is to cease production and exploration temporarily and lay off 650 workers. In a statement, the company cited rising energy bills and a drop in zinc price as two of the main reasons for its decision. The company will temporarily suspend operations within the next four weeks.

Grubhub

No. of Employees to be Laid off: 400

Industry:  Food Delivery

June 2023 

Grubhub is laying off 400 corporate employees, about 15% of its workforce, amid higher costs and declining orders. Howard Migdal, the food delivery brand’s CEO, said, “We need to make some tough decisions to maintain our competitiveness, deliver the best possible service for diners and our other partners, and be successful in the long term.”

Byju’s

No. of Employees to be Laid off: 1000

Industry:  Edutech

June 2023 

EdTech startup Byju’s plans to cut at least 1,000 more jobs. The move will hurt the sales and marketing teams of the startup. Managers have been directed to sack two employees each from the sales and marketing teams of its 280 tuition centers in India.

Check-Cap Ltd.

No. of Employees to be Laid off:  90% of Employees

Industry:  Medical Devices

June 2023 

Israeli firm Check-Cap, a developer of an investigational swallowable low-dose x-ray capsule for colon cancer screening, has laid off 90% of its staff. The company is reviewing its business, resources, capabilities, and strategic alternatives to maximize stockholder value.

VDL Nedcar

No. of Employees to be Laid off: 1850

Industry:  Automotive

June 2023 

VDL Nedcar, VDL Groep’s car factory in Born, plans to reduce around 1,000 employees and over 800 temporary workers by 1 November 2023. The company plans to switch to one-shift operations from 1 November 2023.  The formal request for consent to switch to a day shift and reduce employees has been submitted to the Works Council.

Suncor Energy

No. of Employees to be Laid off:  1500

Industry:  Energy & Utilities

June 2023 

Canadian oil producer Suncor Energy plans to lay off 1,500 jobs to cut costs by $297.6 million (C$400 million) by the end of this year. The layoff plan was announced in a staff memo and came as the company looks to strengthen its financial performance while reducing costs.

Zendesk

No. of Employees to be Laid off:   

Industry:  Technology

June 2023 

Software firm Zendesk is laying off eight percent of its global workforce. CEO Tom Eggemeier sent a message to his employees explaining the decision, calling it “difficult news to share.”

Goodyear

No. of Employees to be Laid off:  550

Industry:  Automotive

June 2023 

The Goodyear Tire & Rubber Company is laying off about 500 employees globally. The layoffs represent about a 5% reduction in salaried staff globally and are “in response to a challenging industry environment and cost pressure driven by inflation.”

Orange Romania

No. of Employees to be Laid off:  551

Industry:  Telecommunications

May 2023 

Orange Communications Romania is laying off 551 employees. The job cuts affect mainly network technicians and staff at the B2B division, as well as some marketing and B2C employees.

Bitwise Industries

No. of Employees to be Laid off:  900

Industry:  Technology

May 2023 

Fresno-based Bitwise Industries has furloughed its entire 900-worker staff, leaving employees of the technology incubation and training startup out of work in several California cities.

Rolls Royce Holdings

No. of Employees to be Laid off:  3000

Industry:  Automotive

May 2023 

The luxury car and jet engine manufacturer Rolls Royce is planning cut jobs and lay off 3,000 ‘non-manufacturing’ employees. The new CEO, Tufan Erginbilgic, described the company as a “burning platform” that needs to reform to survive. To this end, he has roped in McKinsey-led consultants to guide and help streamline the company.

Walgreens

No. of Employees to be Laid off:  504

Industry:  Retail

May 2023 

Walgreens plans to lay off over 500 workers – 10 percent of its corporate workforce. Most cuts will be made at the drugstore giant’s Deerfield, Illinois headquarters or its Chicago office.

JP Morgan & Chase

No. of Employees to be Laid off:  500

Industry:  Banking & Financial Services

May 2023 

JPMorgan Chase is letting go of about 500 employees across the bank. The company said layoffs are taking place company-wide but will focus mostly on technology and operations.

First Citizen

No. of Employees to be Laid off:  1000

Industry:  Banking & Financial Services

May 2023 

About 1,000 employees of First Republic Bank have been laid off about a month after it was seized by regulators and acquired by JP Morgan Chase.  The majority of First Republic employees, roughly 7,200, were offered jobs by JPMorgan, meaning that about 15% of the bank’s employees were laid off.

First Republic

No. of Employees to be Laid off:  1000

Industry:  Banking

May 2023 

About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase. Bank employees not being offered jobs at JPMorgan will get an additional 60 days of pay and benefits.

British Telecom

No. of Employees to be Laid off:  55,000

Industry:  Telecommunication

May 2023 

U.K. telecommunications giant BT Group will cut between 40,000 to 55,000 of its workforce between 2028 and 2030. The layoffs will include direct BT employees and third-party workers. This will lead to a 31-42% reduction in company staffing.

Oracle (Cerner)

No. of Employees to be Laid off:  3000

Industry:  Technology

May 2023 

Oracle has laid off over 3,000 employees at its firm Cerner, which it recently acquired.

The Walt Disney

No. of Employees to be Laid off:   2500

Industry:  Entertainment

May 2023 

Walt Disney has begun its third round of layoffs and will hand over pink slips to over 2500 employees. The parks and resorts division would remain untouched. The company has begun removing dozens of titles from its streaming platforms.

Vodafone

No. of Employees to be Laid off:  11000

Industry:  Telecommunication

May 2023 

Vodafone has announced that it will reduce its global workforce by 11,000 over the next three years.

The British telecom giant’s new chief executive Margherita Della Valle seeks a “simpler” organization as it forecasts little or no growth in earnings for the new financial year.

LinkedIn

No. of Employees to be Laid off:  716

Industry:  Technology

May 2023 

LinkedIn, the social media network owned by Microsoft Corp, would cut 716 jobs as demand wavers while shutting down its China-focused job application. LinkedIn has 20,000 employees and is laying off workers amid a weakening global economic outlook.

Ochsner Health

No. of Employees to be Laid off:  770

Industry:  Healthcare

May 2023 

Ochsner Health has eliminated 770 positions or about 2 percent of its workforce. In a memo to employees, Ochsner CEO Pete November said affected positions were in management and primarily non-direct patient care roles, with no physicians affected.

Novavax

No. of Employees to be Laid off:  400 (20% of Employees)

Industry:  Biotechnology

May 2023 

Novavax is reducing its headcount by 25%. After trying to cut costs without laying off staff, the vaccine company has now accepted it will need to part ways with hundreds of employees to align its spending with the dwindling size of the COVID-19 opportunity.

Paramount Media Networks

No. of Employees to be Laid off:  25% of Employees

Industry:  Media & Entertainment

May 2023 

Paramount Media Networks is laying off 25 percent of its workforce and shutting down MTV News because of pressure from broader headwinds like many of its peers. Layoffs will impact employees across the Showtime, MTV Entertainment Studios, and Paramount Media Networks groups in the US.

Cognizant

No. of Employees to be Laid off:  3500

Industry:  Technology

May 2023 

IT services and consulting firm Cognizant plans to lay off around 3,500 employees.  Cognizant said, “This consists of approximately $200 million of employee severance and other costs primarily related to non-billable and corporate personnel, which we expect to incur in 2023, and approximately $200 million of costs related to the consolidation of office space, with approximately $150 million in 2023 and $50 million in 2024.”

Morgan Stanley

No. of Employees to be Laid off:  3000

Industry:  Financial Services

May 2023 

Morgan Stanley plans to eliminate about 3,000 jobs from the global workforce. That would amount to roughly 5% of staff, excluding financial advisers and personnel supporting them within the wealth management division.

Volvo Cars

No. of Employees to be Laid off:  1300 

Industry:  Automotive

May 2023 

Swedish Volvo Cars to cut 1,300 office jobs to accelerate cost-cutting measures. CEO Jim Rowan cites economic headwinds, raw material costs, and competition as challenges. 1,100 job cuts at the main unit. 200 more positions to be determined after a thorough review of Swedish entities.

Shopify

No. of Employees to be Laid off:  20% of Employees

Industry:  eCommerce

May 2023 

Shopify laid off 20% of its global workforce — its second sizeable employee culling after a reduction of 10% announced last July. This latest downsizing also includes the wholesale divestment of an entire line of business: Shopify’s in-house logistics arm, which sought to own more of the warehousing and fulfillment chain for its merchants.

Qualcomm

No. of Employees to be Laid off:  5% OF Employees

Industry:  Technology

May 2023 

Qualcomm, the multinational chip manufacturer, will announce company-wide job cuts impacting 5 percent of its staff. The majority of the staff reductions will affect the mobile division.

Bayada Home Health

No. of Employees to be Laid off:  682

Industry:  Healthcare

May 2023 

Bayada Home Health Care is laying off 682 workers in Florida while closing four of its locations in the state.

Flink

No. of Employees to be Laid off:  8000

Industry:  Delivery Services

April 2023 

Flink, the Berlin-based unicorn, is set to lay off 8,000 employees, which accounts for 40% of its workforce. Since last year, the express delivery service has struggled with difficult market conditions and rising prices. This prompted the need to revise its cost structures and focus on profitability.

Walt Disney

No. of Employees to be Laid off:  4000

Industry:  Entertainment

April 2023 

Entertainment giant Disney kicked off its second round of layoffs affecting 4,000 employees. According to a CNBC report, a third round is expected to start before the beginning of the summer. Disney plans to reduce its workforce by 7,000 jobs as part of a larger reorganization that will see the company cut $5.5 billion in costs.

Gap

No. of Employees to be Laid off:  1800

Industry:  Retail

April 2023

Gap will lay off 1,800 employees as the struggling retailer looks to cut costs. The layoffs will impact the company’s corporate workers. As of January, Gap had around 95,000 employees globally, and 9% of them were corporate staff. Gap, which also owns Old Navy, Banana Republic, and Athleta, said the cuts would result in around $300 million in annual savings for the company.

3M

No. of Employees to be Laid off:  6000

Industry:  Manufacturing

April 2023

3M announced significant layoffs Tuesday as part of another major restructuring plan as the manufacturing sector prepares for a possible recession and slumping demand for goods. The manufacturing company behind some consumer brands, including Post-It Notes and Scotch Tape, would lay off 6,000 staff worldwide. Those cuts are in addition to the 2,500 manufacturing roles 3M eliminated in January.

First Republic Bank

No. of Employees to be Laid off:  20% of Employees

Industry:  Financial Services

 

April 2023

First Republic Bank expects to cut its workforce by 20-25% this quarter, as reported during its first-quarter earnings call. Their stock plunged by nearly 50% at the close of trading on Tuesday, hitting a new record low after the company reported that its total deposits fell 41% in the first quarter, to $104.5 billion, even after a consortium of banks stepped in with $30 billion to prevent the regional lender from failing.

Ernst & Young (EY)

No. of Employees to be Laid off:  3000

Industry:  Financial Services

April 2023 

Financial services giant Ernst & Young (EY) would trim almost 3,000 jobs in the US due to ‘overcapacity’ at the firm. According to an AFP report, Ernst & Young layoffs are also a part of the bigger restructuring plans by the company. These job cuts at EY represent less than 5 percent of the US workforce, signaling the firm’s overcapacity.

Deloitte

No. of Employees to be Laid off:  1200

Industry:  Financial Services

April 2023 

Deloitte has joined the layoffs as the company intends to reduce its workforce in the US by approximately 1,200 jobs — around 1.4 percent of its total employees in the country. Deloitte is one of the big four international accounting and professional services firms that have seen a decline in its consulting business, which has caused ambiguity among current and potential staff members.

Lyft

No. of Employees to be Laid off:  1200

Industry:  Ride-Hailing

April 2023 

Lyft has struggled financially while trying to compete with its rival, Uber, and is planning major job cuts. The layoffs will affect about 1,200 people. It is the first significant move by David Risher, the company’s new chief executive.

David’s Bridal

No. of Employees to be Laid off:  9000

Industry:  Retail

April 2023 

David’s Bridal is laying off over 9000 employees nationwide as it plans to sell the company — just weeks before wedding season kicks off. The company has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey.

HyLife Foods

No. of Employees to be Laid off:  1000

Industry:  Food Manufacturing

April 2023 

HyLife Foods, a pork processing plant in southern Minnesota that employs about 1,000 workers, could close next week if the company can not find a buyer for the facility. HyLife Foods filed notice with the state this week that its efforts to improve business at its Windom plant have been unsuccessful, the Minneapolis Star Tribune reported.

Walmart

No. of Employees to be Laid off:  2000

Industry:  eCommerce

April 2023 

According to the regulatory filings, Walmart will cut more than 2,000 positions across five e-commerce fulfillment centers in the US. According to the report, Walmart plans to adjust its operations to cater to online shoppers better. The job cuts include over 1,000 positions in Fort Worth, Texas, 600 in Pennsylvania, 400 in Florida, and around 200 in New Jersey.

Hyland Software

No. of Employees to be Laid off:  1000

Industry:  Technology

April 2023 

Hyland Software will lay off about 1,000 employees, a 20% reduction in its workforce. President and CEO Bill Priemer posted the layoff news on Hyland’s website.

Lucid Group

No. of Employees to be Laid off:  1300

Industry:  Automobile

March 2023 

Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, is cutting its workforce by 18% as part of a restructuring, the company disclosed in a regulatory filing. The layoffs will affect 1,300 employees.

McKinsey

No. of Employees to be Laid off:  1400

Industry:  Financial Services

March 2023  McKinsey and Company, the global management consulting firm, is reportedly starting to lay off employees as early as this week, a rare round of job cuts. As many as 1,400 roles will be impacted.

Accenture

No. of Employees to be Laid off:  19000

Industry:  Technology

March 2023 

Accenture lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the jobs to be cut will be in its non-billable corporate functions, Accenture said on Thursday, sending its shares up 6.4%.

Amazon

No. of Employees to be Laid off:  9000

Industry:  eCommerce

March 2023 

Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff. The latest round will impact Amazon’s cloud computing, advertising, human resources, and Twitch units. The cuts are on top of the previously announced layoffs that totaled more than 18,000 employees.

Indeed.com

No. of Employees to be Laid off: 2200

Industry:  Hiring

March 2023 

Job listing website Indeed.com will cut approximately 2,200 employees, i.e., almost 15% of its workforce. “Last quarter, US total job openings were down 3.5% year-over-year, while sponsored job volume fell 33%. In the US, we expect job openings to likely decrease to pre-pandemic levels of about 7.5 million, or even lower over the next two to three years,” CEO Hyams added.

Just Eat

No. of Employees to be Laid off:  1700

Industry:  Food Delivery

March 2023 

Food delivery platform Just Eat Takeaway unveiled plans to axe more than 1700 delivery drivers as the food delivery business wrestles with a slowdown in demand.

National Broadband Network (NBN)

No. of Employees to be Laid off:  500

Industry:  Media & Entertainment

March 2023 

NBN Co. will lay off 500 people as it adjusts its operational and funding strategies to accommodate a climate of increasing competition and intensifying borrowing pressure.

Twitch

No. of Employees to be Laid off:  400

Industry:  Media & Entertainment

March 2023 

Twitch blog from new CEO Dan Clancy has revealed that the company has laid off “just over 400 people” to reduce the size of the company’s workforce. Clancy’s post states that terminating the employees was difficult and was made only after “considerable thought.”

Meta

No. of Employees to be Laid off:  10000

Industry:  Technology

March 2023 

Meta announced that it would lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion. “Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our organization, canceling lower priority projects, and reducing our hiring rates,” Zuckerberg said.

Tyson Foods

No. of Employees to be Laid off:  1700

Industry:  Restaurant 

March 2023

Tyson Foods will close two chicken plants in May to strengthen its poultry business, affecting nearly 1,700 employees. “While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and utilizing full available capacity at each plant,” Tyson said in a statement.

Anchorage Digital

No. of Employees to be Laid off:  20% of Employees

Industry:  Financial Services

March 2023 

Crypto platform Anchorage Digital is laying off roughly 20% of its staff, or 75 people, owing to the ongoing downturn in digital assets. The parent company of Anchorage Digital Bank, the country’s first federally chartered crypto bank, said regulatory uncertainty in the U.S. played a role in its decision to cut staff.

Vodafone

No. of Employees to be Laid off:  1000

Industry:  Telecommunication

March 2023

According to a Reuters report, Vodafone has said that its plans to cut these 1,000 jobs are expected to impact almost a fifth of its total workforce in Italy.

Johnson & Johnson

No. of Employees to be Laid off:  1000

Industry:  Healthcare

March 2023 

Johnson & Johnson has announced another round of restructuring and employee layoffs that could eliminate at least 1000 jobs. The reorganization includes folding its Mitek sports medicine business into J&J’s trauma and extremities organization and moving shoulder reconstruction to its joint reconstruction section.

Xero

No. of Employees to be Laid off:  800

Industry:  Technology

March 2023 

New Zealand accounting software company Xero is laying off around 800 positions to “improve profitability” amid widespread technology layoffs. CEO Sukhinder Singh Cassidy said the organization needed to “streamline and simplify” to enable the next growth phase.

Atlassian

No. of Employees to be Laid off:  500

Industry:  Technology

March 2023 

Business software maker Atlassian will lay off 500 employees or around 5% of its workforce.  Atlassian’s co-founders and co-CEOs said the move is less about financial needs and more about focusing on key priorities such as IT service management and helping customers move workloads from on-premises data centers to the cloud.

General Motors

No. of Employees to be Laid off:  500 Industry:  Automotive March 2023  The media reported that Automaker General Motors (GM) has laid off 500 workers from the company as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits.

Thoughtworks

No. of Employees to be Laid off:  500 Industry:  Technology March 2023  Software consultancy company Thoughtworks has laid off nearly 500 employees, or 4 percent of its global workforce, to cut costs amid global macroeconomic conditions.

Walmart

No. of Employees to be Laid off:  600 Industry:  Retail Feb 2023  According to an official filing sent to the Oregon Higher Education Coordinating Commission, Walmart is closing two of its stores in Portland, laying off over six hundred workers in the process.

Ericsson

No. of Employees to be Laid off:  8500 Industry:  Telecommunication Feb 2023  Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs. “The way headcount reductions will be managed will differ depending on the local country practice,” Chief Executive Borje Ekholm wrote in the memo. The company had announced plans to cut about 1,400 jobs in Sweden earlier in the week.

McKinsey

No. of Employees to be Laid off:  2000 Industry:  Financial Services Feb 2023  McKinsey & Co. is expected to lay off nearly 2,000 workers in one of its largest layoffs. According to the source, the layoffs are part of ‘Project Magnolia,’ which the consulting company expects will help safeguard its partners’ salary pool.

Ericsson

No. of Employees to be Laid off:  1400 Industry:  Telecommunication Feb 2023  Ericsson, the telecom gear maker, plans to cut around 1,400 jobs in Sweden and other countries. The company called the layoffs part of the broader plan to reduce costs globally.

Twilio

No. of Employees to be Laid off:  1500 (17% of Employees) Industry:  Telecommunications Feb 2023  Cloud communications company Twilio is laying off about 17% of jobs and closing some offices as part of a restructuring effort to focus on profitability. Twilio is one of the first tech companies to announce a second major staffing reduction in the current economic downturn.

Yahoo

No. of Employees to be Laid off:  1600 Industry:  Technology Feb 2023  Yahoo is laying off 20 percent of its workforce, or 1,600 employees. Yahoo CEO Jim Lanzone said that these changes will be “tremendously beneficial for the profitability of Yahoo overall”. The layoffs will help the company “to go on offense” and invest more in profitable businesses.

News Corp

No. of Employees to be Laid off:  1250 Industry:  Media Feb 2023  News Corp will cut about 1,250 positions, or 5% of its workforce, in the latest round of layoffs. Rupert Murdoch’s media company said the tough macroeconomic environment and higher interest rates have been hurting the company.

Walt Disney

No. of Employees to be Laid off:  7000 Industry:  Entertainment Feb 2023  The Walt Disney Co. plans to cut about 4% of its workforce;  that means layoffs for 7,000 employees. Returning CEO Bob Iger aims to cut more than $5 billion in costs by consolidating divisions that make and distribute movies and TV shows.

Zoom Video Communications

No. of Employees to be Laid off:  1300 Industry:  Technology Feb 2023 

Communications technology firm Zoom plans to lay off 1,300 employees or 15 percent of its workforce. Calling the affected employees “hard-working, talented colleagues”, Chief executive Eric Yuan said they would get an email if they are based in the US, and all non-US staff will be informed following local requirements.

eBay

No. of Employees to be Laid off:  500 Industry:  eCommerce Feb 2023  According to a filing with the SEC, eBay plans to cut 500 jobs or about 4% of its workforce. CEO Jamie Iannone said the company made cuts after examining the global macroeconomic environment over the past several months.

Boeing

No. of Employees to be Laid off:  2000 Industry:  Aviation Feb 2023  Boeing Co. expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs.

Dell

No. of Employees to be Laid off:  6650 Industry:  Technology Feb 2023  Dell Technologies will layoff about 6,650 jobs, or about 5% of its global workforce, due to falling demand for its personal computers.

Byju’s

No. of Employees to be Laid off:   1000 Industry:  Edutech Feb 2023 Byju’s, the edutech company, has laid off over 1,000 employees, the second layoff in less than six months. The downsizing has affected design, production, and engineering employees.

Rivian

No. of Employees to be Laid off:  6% of Employees Industry:  Automobile Feb 2023

Electric car maker Rivian is laying off 6 percent of its workforce to cut costs.  Rivian’s chief executive RJ Scaringe announced the layoffs in an email to employees, stating that the firm is focusing resources on increasing vehicle manufacturing and achieving profitability.

FedEx Corp.

No. of Employees to be Laid off:  10% of Employees Industry:  Transportation Feb 2023 FedEx Corp. is laying off the global officer and director jobs by more than 10%. It is the company’s latest cost-saving step as economic concerns weigh on demand for package delivery. The latest cuts bring FedEx’s total employee reductions to 12,000 since June.

NetApp

No. of Employees to be Laid off:  6% of Employees Industry:  Cloud Technology Jan 2023 Cloud Data Management company NetApp will lay off 960 employees during the next three months, amounting to 8% of its workforce. The company announced the layoffs in a filing with the Securities and Exchange Commission (SEC).

Upstart

No. of Employees to be Laid off:  365 Industry:  Financial Services Jan 2023 The artificial intelligence (AI) lending platform Upstart is laying off 365 employees due to reduced demand for lending. Filing with the Securities and Exchange Commission (SEC), the cuts will amount to about 20% of its current workforce. According to the filing, Upstart also plans to suspend the development of its small business loan product “until macroeconomic conditions improve.”

Groupon

No. of Employees to be Laid off:  500 Industry:  eCommerce Jan 2023 According to the SEC filing, Groupon has laid off another 500 employees to cut costs. The e-commerce company had cut 500 jobs — nearly 15% of its workforce in August 2022.

Paypal

No. of Employees to be Laid off: 2,000 Industry:  Financial Services Jan 2023 PayPal will cut about 7 percent of its workforce or about 2,000 full-time workers. It said it was making the cuts due to “the challenging macro-economic environment.”

Goldman Sachs

No. of Employees to be Laid off: 3,000 Industry:  Financial Services Jan 2023 Goldman Sachs has started laying off employees in a cost-cutting drive, with around a third or 3,000 people likely to be let go. The employees were called to the office for a meeting with CEO David Solomon at its headquarters in New York. This layoff drive is said to be the largest among banks.

Hubspot

No. of Employees to be Laid off: 500 Industry:  Technology Jan 2023

HubSpot would lay off 500 positions to reduce costs as the company struggles from a “perfect storm” of inflation, tight customer budgets, and “volatile foreign exchange.” CEO Yamini Rangan wrote that the company was over-hired to deal with a surge in business at the start of the pandemic, growing to over 7,400 employees.

Philips

No. of Employees to be Laid off: 6000 

Industry: Consumer Products

Jan 2023

Dutch consumer electronics and medical equipment maker Philips is cutting 6,000 jobs worldwide over the next two years. The layoffs come as the company suffered a net loss of 1.6 billion euros (USD 1.7 billion) in 2022. CEO Roy Jacobs said the job cuts would significantly reduce costs and make Philips a leaner and more focused organization.

Lam Research Corp.

No. of Employees to be Laid off: 1300  Industry:  Manufacturing Jan 2023 Lam Research Corp., one of the three biggest providers of chip-manufacturing equipment in the US, is cutting about 7% of its workforce to reduce expenses in a declining market. The company will eliminate about 1,300 jobs worldwide,

Vacasa

No. of Employees to be Laid off: 1300  Industry:  Real Estate Jan 2023 Vacation rental management company Vacasa has laid off 1,300 employees to stabilize the faltering Portland company. The company is cutting costs in response to slowing sales, organizational problems, and a new focus on profitability.

Best Buy

No. of Employees to be Laid off: 700  Industry:  Retail Jan 2023 Best Buy Co. is cutting store jobs across the country as the electronics and appliance retailer works to lower costs in response to changing customer spending habits. The company is laying off workers even as theU.S. jobs market remains strong.

Goodyear and Tire Co.

No. of Employees to be Laid off: 500  Industry:  Manufacturing Jan 2023 Ohio-based Goodyear company plans to cut about 500 jobs, about 5 percent of its total workforce, to cut costs.  Richard Kramer, CEO of the company, said, “While our businesses have performed at a high level through the volatility of the past several years, the uncertain near-term macroeconomic outlook and continuing impacts of inflation make these difficult actions necessary to position our business for future success.”

Dow Chemicals

No. of Employees to be Laid off: 2000  Industry:  Chemicals Jan 2023

Dow Inc. is laying off about 2,000 employees globally as job cuts that have so far been concentrated in the technology sector spread to other parts of the economy. The Mich.-based chemicals company said it is targeting $1 billion in cost cuts this year as slowing economic growth and a drop-off in demand weigh on sales.

Amazon

No. of Employees to be Laid off:  18000

Industry:  eCommerce

Jan 2023

Amazon has laid off over 18,000 employees, the highest at a major technology company, as the industry pares back amid economic uncertainty. The eCommerce company began layoffs in November, with the departments affected in its devices business, recruiting, and retail operations. At the time, The Wall Street Journal had reported the cuts would total about 10,000 people. The rest of the cuts will bring the total number of layoffs to more than 18,000 and will be made over the coming weeks.

Source: Companies that announced Major Layoffs and Hiring Freezes Intellizence


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