According to data collected by Layoffs.fyi, the global technology sector has witnessed a significant increase in employee layoffs since the beginning of this year. A total of 234,976 employees have been laid off by 1,009 tech companies so far in 2023, compared to 154,336 employees laid off by 1,024 companies last year.
Major Layoffs in Prominent Tech Companies
Roku Inc.
Roku Inc., a leading streaming company, recently announced plans to lay off 10% of its workforce. As of the end of 2022, Roku had approximately 3,600 employees.
Microsoft Corp.
Software giant Microsoft Corp. announced additional job cuts in July, following the 10,000 cuts already announced earlier this year.
Niantic Inc.
In June, Niantic Inc., the creator of the popular game “Pokemon Go,” made an announcement about laying off 230 employees.
Robinhood Markets Inc.
Robinhood Markets Inc., the stock-trading app, let go of around 7% of its full-time staff, which amounted to approximately 150 people.
Spotify Technology SA
Music streaming platform Spotify Technology SA revealed plans to lay off about 200 employees, accounting for 2% of its workforce.
Widespread Impact in the Tech Industry
Numerous other tech companies have also taken steps towards downsizing their workforce in 2023. Some of these include Facebook parent Meta Platforms Inc., Amazon.com Inc., Microsoft-owned LinkedIn, Electronic Arts Inc., Palantir Technologies Inc., Twilio Inc., DocuSign Inc., Salesforce Inc., SAP, Zoom Video Communications Inc., eBay Inc., Dell Technologies Inc., PayPal Holdings Inc., International Business Machines Corp., Intel Corp, and Google parent Alphabet Inc.
While the impacts of these layoffs are significant, it remains to be seen how the tech industry will adapt and recover in the coming months.
