165,351 employees affected across 46 reported layoff events in 2023.
165,351
Total Affected
46
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.
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
| 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. |
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.
| 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 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. |