170,351 employees affected across 47 reported layoff events in 2023.
170,351
Total Affected
47
Events
8
Industries
Spotify · Dec 4 · 1,500 affected
Spotify Cuts 1,500 Jobs in Third Round of Layoffs
Spotify CEO Daniel Ek announced a 17% workforce reduction -- the company's third round of layoffs in 2023 -- as the streaming giant pursued its first-ever sustained profitability after years of losses.
T-Mobile · Aug 24 · 5,000 affected
T-Mobile Cuts ~5,000 Jobs (7%) in Largest Post-Merger Reduction
T-Mobile cut about 5,000 jobs -- roughly 7% of staff -- mostly corporate and back-office roles it called "primarily duplicative," in its largest reduction since the Sprint merger.
Shopify · May 4 · 1,000 affected
Shopify Lays Off 20% of Workforce -- Roughly 1,000 Employees
Shopify CEO Tobi Lutke announced a 20% headcount reduction and simultaneously sold the Deliverr logistics business to Flexport, admitting his bet on building an in-house fulfillment network had been wrong.
The Walt Disney Company · Mar 27 · 7,000 affected
Disney Announces 7,000 Job Cuts in Major Restructuring
Returning CEO Bob Iger announced 7,000 layoffs as part of a sweeping $5.5 billion cost-reduction plan to rein in Disney+ streaming losses and refocus the company on profitability.
Zoom · Feb 7 · 1,300 affected
Zoom Lays Off 1,300 Employees -- About 15% of Workforce
Zoom CEO Eric Yuan announced 1,300 layoffs while cutting his own salary by 98%, as the pandemic darling's growth collapsed to single digits following the return to in-person work.
Dell Technologies · Feb 6 · 5,000 affected
Dell Cuts Approximately 5,000 Employees Amid PC Downturn
Dell Technologies announced a 5% workforce reduction affecting roughly 5,000 employees as the PC market experienced its sharpest decline in decades following the pandemic-driven boom.
Google · Jan 20 · 12,000 affected
Google Lays Off 12,000 Employees Across the Company
Alphabet CEO Sundar Pichai announced the elimination of about 12,000 roles -- roughly 6% of Google's workforce -- spanning engineering, product, recruiting, and corporate functions in offices worldwide.
Amazon · Jan 18 · 18,000 affected
Amazon Lays Off Over 18,000 Employees in Largest Cuts in Company History
Amazon CEO Andy Jassy announced layoffs affecting more than 18,000 corporate employees, primarily in the Stores and People Experience & Technology (PXT) organizations, marking the largest workforce reduction in the company's history.
Microsoft · Jan 18 · 10,000 affected
Microsoft Cuts 10,000 Jobs as Cloud Growth Slows
Microsoft CEO Satya Nadella announced 10,000 job cuts -- less than 5% of total headcount -- as the company prepared for slower growth in its cloud and enterprise segments while simultaneously investing billions in OpenAI partnership.
Goldman Sachs · Jan 11 · 3,200 affected
Goldman Sachs Cuts 3,200 Employees in Largest Reduction Since 2008
Goldman Sachs eliminated roughly 3,200 positions -- about 6.5% of its workforce -- in the firm's biggest round of layoffs since the 2008 financial crisis, as dealmaking revenue cratered and the consumer-banking experiment failed.
| Date | Company | Industry | Affected | Summary |
|---|---|---|---|---|
| Mar 23 | Accenture | Technology | 19,000 | Accenture announced 19,000 job cuts over 18 months as IT spending decelerated across industries. |
| Jan 5 | Amazon | Technology | 18,000 | Amazon expanded its layoffs to 18,000 roles, the largest headcount reduction in the company's history. |
| Jan 20 | Technology | 12,000 | Google parent Alphabet cut 12,000 jobs — 6% of its global workforce — in its largest ever layoff. | |
| May 16 | Vodafone | Technology | 11,000 | Vodafone announced plans to cut 11,000 jobs over three years as its new CEO pushed a turnaround strategy. |
| Jan 18 | Microsoft | Technology | 10,000 | Microsoft laid off 10,000 employees — about 5% of its workforce — citing macroeconomic conditions. |
| Feb 28 | FedEx | Transportation | 10,000 | FedEx announced plans to cut over 10,000 management and back-office roles to save $3.7B annually. |
| Mar 14 | Meta | Technology | 10,000 | Meta began its second major round of layoffs, cutting 10,000 additional employees in its 'year of efficiency'. |
| Jan 4 | Salesforce | Technology | 8,000 | Salesforce cut 10% of its workforce — about 8,000 people — after hiring too aggressively during the pandemic. |
| Feb 8 | Disney | Media | 7,000 | Disney announced it would cut 7,000 jobs as CEO Bob Iger restructured the company to boost profitability. |
| Nov 9 | Citigroup | Finance | 7,000 | Citigroup announced plans to cut 7,000 jobs as CEO Jane Fraser pushed a major organizational overhaul. |
| Feb 6 | Dell | Technology | 6,650 | Dell cut about 6,650 employees as PC sales plunged after the pandemic-driven hardware boom. |
| Aug 24 | T-Mobile | Technology | 5,000 | T-Mobile cut about 5,000 jobs (~7% of staff), mostly corporate and back-office roles it called 'primarily duplicative,' in its largest reduction since the Sprint merger as it trimmed middle-management layers. |
| Aug 1 | Dell | Technology | 4,400 | Dell cut an additional 4,400 employees in its second round of layoffs as the PC market slump deepened. |
| Jan 11 | Goldman Sachs | Finance | 3,200 | Goldman Sachs executed another round of layoffs impacting 3,200 employees amid a dealmaking slump. |
| May 1 | Morgan Stanley | Finance | 3,000 | Morgan Stanley cut 3,000 roles as Wall Street dealmaking volumes continued to slow. |
| Dec 5 | Xerox | Technology | 3,000 | Xerox announced a 15% workforce reduction as the legacy printer maker pivoted toward IT services. |
| Jun 15 | UPS | Transportation | 2,500 | UPS cut 2,500 management and contract jobs as package volumes fell from their pandemic peak. |
| May 4 | Shopify | E-commerce | 2,300 | Shopify cut 20% of staff and sold its logistics arm to Flexport as it refocused on core commerce software. |
| Mar 15 | Indeed | Technology | 2,200 | Indeed cut 15% of its workforce as the job market softened and employer demand for listings fell. |
| Jan 31 | PayPal | Finance | 2,000 | PayPal slashed 2,000 jobs — 7% of its workforce — amid slowing payment volume growth. |
| Mar 28 | McKinsey | Finance | 2,000 | McKinsey cut about 2,000 employees — its largest layoff in nearly a decade — as consulting demand dipped. |
| May 9 | Gap | Retail | 1,800 | Gap cut 1,800 corporate jobs to reduce expenses as the retailer struggled with declining sales. |
| Nov 8 | Unity | Technology | 1,800 | Unity slashed 25% of its employees after a pricing controversy damaged relationships with game developers. |
| Feb 9 | Yahoo | Technology | 1,600 | Yahoo slashed 20% of its workforce as the company shut down its ad-tech division. |
| Feb 13 | Twilio | Technology | 1,500 | Twilio cut 17% of its employees as the cloud communications company pushed to reach profitability. |
| Dec 4 | Spotify | Media | 1,500 | Spotify laid off 17% of its workforce — about 1,500 people — in its third and deepest cut of the year. |
| Feb 7 | Zoom | Technology | 1,300 | Zoom cut 15% of its staff as pandemic-era growth faded and enterprises returned to hybrid work. |
| Jun 5 | Deloitte | Finance | 1,200 | Deloitte cut 1,200 U.S. jobs as advisory demand softened across financial and consulting services. |
| Dec 11 | Hasbro | Retail | 1,100 | Hasbro laid off 20% of its workforce as the toy giant restructured around licensing and digital gaming. |
| Apr 27 | Lyft | Transportation | 1,072 | Lyft's new CEO David Risher cut 26% of the workforce in a sweeping restructuring effort. |
| Jun 6 | Coinbase | Crypto | 950 | Coinbase executed its second round of major layoffs, cutting 950 employees amid prolonged crypto winter. |
| Jun 29 | Cruise | Technology | 900 | Cruise slashed 24% of its workforce after regulatory setbacks halted its self-driving taxi operations. |
| Feb 9 | Rivian | Technology | 840 | Rivian cut 6% of its workforce as the EV startup worked to ramp up production amid mounting losses. |
| May 8 | Technology | 716 | LinkedIn cut 716 jobs and discontinued its InCareer app in China amid a slowing hiring market. | |
| Feb 24 | Lyft | Transportation | 700 | Lyft announced plans to cut roughly 700 jobs ahead of new CEO David Risher joining the company. |
| Oct 16 | Technology | 668 | LinkedIn executed a second round of layoffs in 2023, cutting 668 engineering and support roles. | |
| Jan 23 | Spotify | Media | 600 | Spotify laid off 6% of its workforce as it restructured and pulled back on podcast spending. |
| Oct 5 | Flexport | Transportation | 600 | Flexport cut 20% of its employees after reinstalling founder Ryan Petersen as CEO. |
| Feb 7 | eBay | E-commerce | 500 | eBay cut about 500 employees — 4% of its workforce — citing a challenging macroeconomic environment. |
| Apr 27 | Dropbox | Technology | 500 | Dropbox laid off 500 employees — 16% of staff — to redirect resources toward AI-powered products. |
| Oct 18 | Twitch | Media | 500 | Amazon-owned Twitch cut over a third of its employees as it struggled to turn a profit. |
| Feb 9 | Affirm | Finance | 500 | Affirm cut 19% of its workforce as the buy-now-pay-later firm scaled back amid rising interest rates. |
| Oct 2 | Noom | Healthcare | 495 | Health tech company Noom cut 10% of staff as competition from GLP-1 weight loss drugs disrupted the digital wellness market. |
| Sep 7 | Roku | Media | 300 | Roku cut 10% of its staff as the streaming device maker worked to reduce operating expenses. |
| Apr 18 | Oscar Health | Healthcare | 300 | Oscar Health cut about 300 employees as the health insurance startup pushed to reduce administrative expenses and reach profitability. |
| Jan 30 | Loom | Technology | 100 | Video messaging platform Loom cut 14% of its staff as enterprise software spending tightened across the board. |
| Jun 8 | Insider | Media | 60 | Business Insider cut roughly 10% of staff as digital media ad revenue continued to decline. |