Layoffs have been on the rise in the tech sector, affecting startups and established tech titans like Meta Platforms Inc. and Twitter Inc. alike.
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After a year of massive growth in 2021, this year has been a different story for startups and major technology companies alike.
The industry has seen 100,000 laid off employees this year, according to startup layoff tracker Layoffs.fyi, which tracks cuts at tech companies across the world.
To keep tabs on the U.S. tech firms undergoing layoffs, American Inno is keeping a running tally on the major cuts happening across the country's tech sector based on reporting from the Inno network and The Business Journals. This list will be updated as new rounds of layoffs are announced.
Tech layoffs in November: Job cuts strike Meta, Twitter, Opendoor
- Amazon (Nasdaq: AMZN) is planning to cut 10,000 jobs this week. It would be the largest workforce reduction in the company's history.
- Meta Platforms Inc. (Nasdaq: META), parent company of Facebook, plans to lay off 11,000 workers or about 13% of the company's workforce. The cuts are expected to be felt across the company's operations, but especially recruiting.
- ZenBusiness, an Austin startup valued at $1.7 billion, is laying off an undisclosed number of employees. CEO Ross Buhrdorf told employees in a memo the firm "hired for the company we dreamed of being in 2024, not the one we need to be in 2023."
- Cologuard cancer screening test provider Exact Sciences Corp. is cutting 350 jobs. The Wisconsin firm's cuts represent about 5% of the company's workforce.
- Online auto insurer Root cut 160 jobs, nearly 20% of its workforce. It's the second major round of cuts this year for the Columbus firm; in January, the company terminated 330 employees.
- Redfin Corp. (Nasdaq: RDFN), a real estate tech firm, is laying off about 862 employees, or 13% of its staff. The Seattle-based company is also shuttering its home-flipping service RedfinNow.
- Seattle-based real estate tech startup Flyhomes is laying off employees for the second time this year. The company didn't specify the exact number of imapcted employees.
- Cameo, a Chicago-based celebrity shoutout app, cut 80 employees, its second round of layoffs in 2022.
- Twitter Inc. (NYSE: TWTR) underwent a round of mass layoffs, cutting around half its staff. The cuts come as new owner Elon Musk takes over the social media giant.
- Real estate tech firm Opendoor (Nasdaq: OPEN) laid off 18% of its employees, accounting for about 550 workers.
- Chime, a fintech firm, let go 150 employees, around 12% of its workforce. The company said it's still hiring for select positions and remains "very well capitalized.”
Tech layoffs in October: Jobs lost at Zillow, Gopuff, Hello Fresh
- Argo AI, a Pittsburgh driverless car startup backed by Ford and Volkswagen, shut down in October. Many of the company's 1,800 employees will receive offers to continue working at Ford or Volkswagen, the company said, though "employment for others will unfortunately come to an end."
- Seattle-based Zillow (Nasdaq: ZG) laid off 300 workers, about 5% of its staff. The company said it's "still hiring in key technology-related roles across the company."
- Boston cybersecurity firm Cyberreason reduced its workforce by 17%, eliminating around 200 jobs.
- Austin online customer engagement company Khoros laid off about 10% of its staff, around 120 employees.
- San Francisco home rental startup Zeus Living plans to cut 64 employees, or about 46% of its. The layoffs will take place Dec. 16.
- Philadelphia delivery firm Gopuff laid off around 10% of its workforce, which translates to less than 250 workers.
- Boston cybersecurity company Snyk laid off 198 workers, about 14% of its staff.
- Fintech startup Brex laid off 136 employees, around 11% of its staff.
- Meal kit firm Hello Fresh let go more than 600 employees and closed a 100,000-square-foot California warehouse.
- Birmingham, Alabama, real estate technology firm Landing laid off 110 employees.
