In the first 12 days of the year, 5,586 tech employees across 35 companies have been laid off, according to Layoffs.fyi. This follows a trend from previous years, with 1,186 tech companies laying off 262,682 workers in 2023, and 1,064 tech companies laying off 164,969 workers in 2022.
Key takeaways:
- Major tech companies including Discord, Audible, Google, Instagram, Humane, and Rent the Runway have announced layoffs early in the new year, with no signs of the trend subsiding.
- Discord is laying off 17% of its staff, Audible is cutting 5% of its workforce, Google is laying off hundreds from its Google Assistant and knowledge and information product teams, Instagram is eliminating about 60 roles, Humane laid off 10 people, and Rent the Runway laid off 10% of its workforce.
- In the first 12 days of the year, 5,586 tech employees have been laid off across 35 companies.
- In 2023, 1,186 tech companies laid off a total of 262,682 workers, and in 2022, 1,064 tech companies laid off a total of 164,969 workers, indicating a growing trend of layoffs in the tech sector.