119,374 employees affected across 34 reported layoff events in 2024.
119,374
Total Affected
34
Events
8
Industries
Boeing · Oct 28 · 17,000 affected
Boeing Cuts 17,000 Jobs Amid Strike and Production Challenges
Boeing announced it would cut roughly 17,000 jobs -- about 10% of its global workforce -- as the aerospace giant grappled with a prolonged machinist strike, production delays on the 737 MAX, and mounting financial losses.
Intel · Aug 1 · 15,000 affected
Intel Announces 15,000 Job Cuts in Sweeping Cost Reduction
Intel CEO Pat Gelsinger announced a reduction of more than 15,000 roles -- over 15% of the workforce -- as part of a $10 billion cost-saving plan after the chipmaker posted disappointing Q2 2024 results and lost market share to AMD and NVIDIA.
Tesla · Apr 15 · 14,000 affected
Tesla Lays Off Over 14,000 Employees Globally
Tesla cut more than 10% of its global workforce -- approximately 14,000 employees -- as the EV maker faced slowing demand, intensifying price wars, and compressed margins heading into 2024.
Rivian · Feb 21 · 840 affected
Rivian Cuts 10% of Salaried Workforce -- About 840 Employees
Rivian CEO RJ Scaringe announced the elimination of approximately 10% of salaried positions as the EV startup sought to reduce cash burn and reach positive gross margins before its next-generation R2 vehicle launch.
Cisco Systems · Feb 14 · 5,500 affected
Cisco Cuts 5,500 Jobs as Networking Demand Normalizes
Cisco announced it would lay off approximately 5% of its workforce -- about 5,500 employees -- as enterprise customers digested a backlog of networking equipment orders and the company pivoted toward AI-driven networking and security.
PayPal · Jan 30 · 2,500 affected
PayPal Cuts 2,500 Jobs as New CEO Reshapes Strategy
PayPal CEO Alex Chriss, who took over in September 2023, announced 2,500 layoffs -- about 9% of the workforce -- as part of an effort to streamline the fintech giant and reignite growth after two years of stock declines.
Twitch · Jan 10 · 500 affected
Twitch Lays Off 500 Employees -- Over 35% of Staff
Twitch CEO Dan Clancy announced the elimination of over 500 roles -- more than 35% of the livestreaming platform's workforce -- citing the company's inability to achieve sustainable profitability despite being owned by Amazon.
Unity Technologies · Jan 8 · 1,800 affected
Unity Cuts 1,800 Employees -- 25% of Workforce
Unity Technologies announced the elimination of approximately 1,800 positions -- 25% of its global workforce -- as new CEO Jim Whitehurst attempted to stabilize the game-engine company after a disastrous runtime fee debacle.
| Date | Company | Industry | Affected | Summary |
|---|---|---|---|---|
| Jan 24 | Citigroup | Finance | 20,000 | Citigroup confirmed it would eliminate 20,000 jobs over the medium term as part of its sweeping overhaul. |
| Oct 11 | Boeing | Transportation | 17,000 | Boeing announced plans to cut 17,000 jobs — 10% of its workforce — amid a prolonged strike and production crisis. |
| Aug 1 | Intel | Technology | 15,000 | Intel announced it would cut over 15,000 jobs — 15% of its staff — in a massive restructuring under CEO Pat Gelsinger. |
| Apr 15 | Tesla | Technology | 14,000 | Tesla laid off more than 10% of its global workforce amid slowing EV demand and mounting competition. |
| Jan 30 | UPS | Transportation | 12,000 | UPS announced 12,000 job cuts to save $1 billion as package volume continued to decline. |
| Jan 23 | SAP | Technology | 8,000 | SAP announced the restructuring of 8,000 roles as the German software giant shifted resources toward AI. |
| Aug 14 | Cisco | Technology | 5,600 | Cisco executed its second layoff of 2024, cutting 5,600 more employees to fund AI and cybersecurity investments. |
| Feb 14 | Cisco | Technology | 4,250 | Cisco laid off 4,250 employees as it restructured around AI and cybersecurity, cutting legacy networking roles. |
| Jan 30 | PayPal | Finance | 2,500 | PayPal cut 2,500 jobs — 9% of its staff — as incoming CEO Alex Chriss restructured the payments firm. |
| Sep 24 | Paramount | Media | 2,000 | Paramount cut about 15% of its U.S. workforce ahead of its merger with Skydance Media. |
| Jan 25 | Microsoft | Technology | 1,900 | Microsoft cut 1,900 gaming employees across Xbox, Activision Blizzard, and ZeniMax following the ABK acquisition. |
| Jul 10 | Intuit | Technology | 1,800 | Intuit cut 1,800 employees while simultaneously hiring for AI roles, calling it a strategic workforce shift. |
| Jan 19 | Wayfair | E-commerce | 1,650 | Wayfair cut 13% of its workforce as the online furniture retailer fought to return to profitability. |
| Feb 15 | Nike | Retail | 1,600 | Nike cut about 1,600 employees as the sportswear giant pulled back on some product lines. |
| Feb 22 | Expedia | Technology | 1,500 | Expedia cut 1,500 positions — 9% of its workforce — as part of a tech and product reorganization. |
| Jan 11 | Technology | 1,000 | Google cut over 1,000 employees across engineering, hardware, and Google Assistant teams. | |
| Jan 23 | eBay | E-commerce | 1,000 | eBay slashed 9% of its workforce, citing the need to adjust to a slower economic environment. |
| Jan 11 | Block | Finance | 1,000 | Block (formerly Square) cut about 1,000 employees across Cash App and Square to boost efficiency. |
| Feb 27 | Sony Interactive | Media | 900 | Sony Interactive Entertainment cut 900 employees — 8% of its gaming workforce — and closed a London studio. |
| Feb 28 | Paramount | Media | 800 | Paramount Global cut about 800 employees as the media conglomerate sought a merger partner. |
| Jan 25 | Levi Strauss | Retail | 700 | Levi Strauss cut 10% of its corporate workforce as the denim brand shifted to a direct-to-consumer model. |
| Jan 9 | BlackRock | Finance | 600 | BlackRock eliminated 600 positions — about 3% of its workforce — despite record assets under management. |
| Jan 22 | Riot Games | Media | 530 | Riot Games cut 11% of its employees and shuttered its Legends of Runeterra development team. |
| Feb 5 | Snap | Technology | 528 | Snap cut 10% of its global workforce in yet another restructuring as it battled for ad revenue. |
| Jan 10 | Amazon | Media | 500 | Amazon cut several hundred employees across Prime Video, MGM Studios, and Twitch. |
| Mar 15 | Fisker | Technology | 500 | EV startup Fisker cut 15% of its workforce before eventually filing for bankruptcy months later. |
| Jun 17 | Chegg | Technology | 441 | Chegg slashed 23% of its staff as ChatGPT and AI tutors decimated its homework-help subscription business. |
| Feb 13 | DocuSign | Technology | 400 | DocuSign cut 6% of its workforce as the e-signature company tried to sustain margins after pandemic growth faded. |
| Feb 1 | Okta | Technology | 400 | Okta cut about 400 workers — 7% of its staff — as the identity management firm trimmed costs post-breach. |
| Feb 7 | Bumble | Technology | 350 | Bumble cut roughly 30% of its staff as the dating app restructured around its core matchmaking product. |
| Apr 9 | Zillow | Real Estate | 300 | Zillow eliminated about 300 roles as the real estate platform shifted investment toward rental and AI tools. |
| Feb 12 | Instacart | E-commerce | 250 | Instacart cut 7% of its workforce as the grocery delivery company restructured after its IPO. |
| Nov 1 | 23andMe | Healthcare | 200 | 23andMe cut 40% of its workforce as the genomics company struggled with declining consumer DNA test demand. |
| May 21 | Pixar | Media | 175 | Pixar cut 14% of its staff as Disney shifted the animation studio back toward theatrical-first releases. |