Companies That Announced Mass Layoffs in January 2024
A lot of companies have announced mass layoffs in 2024. It seems like a layoff season is going on, causing trouble for the laid-off employees and their families. Here is the list of all the companies that announced layoffs recently and their percentage layoffs:
- Google layoffs: <1% of workforce laid off (January 2024)
- Amazon Twitch layoffs: 35% of workforce laid off (January 2024)
- Treasure Financial layoffs: 60-70% of workforce laid off (January 2024)
- Duolingo layoffs: 10% of contractor workforce laid off (January 2024)
- Sharpie & Rubbermaid (Newell) layoffs: 7% of workforce laid off (January 2024)
- Rent the Runway layoffs: 10% of corporate roles cut (Early 2024)
- Unity layoffs: 25% of workforce laid off (January 2024)
- Blackrock layoffs: 3% of global workforce laid off (January 2024)
- Pitch layoffs: Two-thirds of employees laid off (January 2024)
- BenchSci layoffs: 17% of workforce laid off (January 2024)
- Flexe layoffs: 38% of staff eliminated (January 2024)
- NuScale layoffs: 28% of staff laid off (January 2024)
- Trigo layoffs: 15% of workforce laid off (January 2024)
- Xerox layoffs: 15% of workforce laid off (January 2024)
- InVision shutdown: Entire company by the end of 2024 (January 2024)
- VideoAmp layoffs: Nearly 20% of the workforce laid off (January 2024)
- Orca Security layoffs: Roughly 15% of staff laid off (January 2024)
- Frontdesk layoffs: Entire 200-person workforce laid off (January 2024)
This list is shocking. All these giants have their own reasons for layoffs. Many of the tech companies have fired employees as their jobs were replaced by generative AI. Other companies announced restructuring changes and resource allocation amid the financial crisis.
Whatever the reasons, these companies have announced major job cuts to keep up with their expenses and losses.
