There aren’t many major tech companies that have escaped redundancies in the last year — Twitter, Tesla, Shopify, Microsoft, and Netflix have all cut staff, some of them more than once. We’re keeping track of the notable layoffs in tech in 2022, read on for a timeline of those companies that have cut staff this year. Job losses: Around 350 staff Self-driving truck company TuSimple announces layoffs of 25% of its workforce, equating to around 350 staff. In a statement from the company, CEO Cheng Lu stated “While I deeply regret the impact this has on those affected, I believe it is a necessary step as TuSimple continues down our path to commercialization.”
December 6th
Adobe Job losses: Around 100 staff Adobe cuts around 100 roles, mainly focused on sales . In a statement, the company said that it was not looking to make company wide layoffs, and that it was still hiring for critical roles.
November 29th
Lyst Job losses: Around 50 staff UK-based fashion e-commerce platform Lyst is reported slashing 25% of its workforce, amounting to around 25% of its staff, as it looks to make savings, as first reported by TechCrunch.
November 22nd
HP Job losses: Around 4,000 – 6,000 staff HP announces that it plans to cut between 4,000 to 6,000 roles over the next three years. In a statement, the company stated that its “Future Ready Transformation Plan, estimates annualized gross run rate cost savings of at least $1.4 billion by the end of fiscal 2025, and restructuring and other charges of approximately $1.0 billion.” HP blames poor PC sales, which saw a sharp rise during the pandemic, but have since been in decline.
November 18th
Cisco Job losses: Around 4,000 staff Despite announcing a 6% increase in revenue in its first quarter earning report compared to last year, Cisco announced that it was cutting 4,000 of its 83,000 workforce. In a statement, Cisco CFO, Scot Herren said “Don’t think of this as a headcount action that is motivated by cost savings. This really is a rebalancing.” The company pointed to a new number of roles that it has opened in new areas, and stated that it will work hard to match employees affected by the cuts to this new positions.
November 17th
Roku Job losses: Around 200 staff Roku announces plans to cut around 5% of its workforce. In a statement, Roku blames the decision on ‘economic conditions’ in its industry.
November 14th
Job losses: Around 10,000 staff
November 10th
RingCentral
Job losses: Around 400 staff RingCentral is trimming 10% of its workforce, amounting to around 400 people. The company stated that making these cuts would allow it to be “more agile and better align our course with our strategic priorities in the current macro environment.” Unlike some other companies issuing redundancies, RingCentral isn’t currently experiencing a dire financial outlook. In fact, its Q3 2022 revenue results exceeded expectation, with an increase of $94 million compared to the year previous.
November 9th
Meta
Job losses: Around 11,000 staff Meta has confirmed the long running rumors that it was to make huge layoffs. In a statement, Mark Zuckerberg confirmed that the company was cutting 10% of the company workforce, amounting to 11,000 roles. Those impacted will receive 16 weeks severance, plus two weeks pay for each year they have been with the company. They’ll also receive additional health and career benefits. Zuckerberg blamed the layoffs on Meta betting big during Covid, believing the accelerated growth would continue – “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.”
November 8th
Salesforce
Job losses: 100s of staff Salesforce has cut 100s of roles at the company, although the actual numbers are unknown, with the company stating that it is fewer than one thousand. In an official statement, the company said “Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition.”
November 7th
Zendesk
Job losses: Around 350 staff Zendesk announced that it would be letting 5% of its staff go, citing cost-reduction initiatives. The job losses include those based at the company’s San Francisco location.
November 4th
Job losses: Around 3,700 staff It took only a week for Elon Musk to fire half of Twitter’s workforce, after taking over the company for $44 billion. It perhaps isn’t too surprising – there had been plenty of rumors of layoffs in the weeks running up to the takeover, and Musk isn’t exactly a man known for his compassion. Twitter staff discovered their fate by email on Friday. Those that remain will have the privilege of remote working taken away and be expected to return to the office. It’s one of the biggest layoffs in the tech industry this year, and also one of the most brutal. Twitter under the Musk regime has started with controversy, and will likely continue on in this way for the foreseeable future.
November 2nd
Opendoor
Job losses: Around 550 staff Huge losses announced by the real estate tech company as it cuts around 18% of its total workforce. It follows competitor Better.com, which made several big layoffs this year alone. In a statement, Opendoor CEO Eric Wu blamed “one of the most challenging real estate markets in 40 years.”
October 26th
Zillow
Job losses: Around 300 staff Seattle-based real estate firm Zillow has laid off 300 employees, with layoffs affecting those in home and loans, and closing services. In a statement, the company said that the cuts were part of its ‘normal business process’. The layoffs leave the company with around 5,000 employees in total.
October 24th
Snyk
Job losses: Around 200 staff Cybersecurity firm Snyk lets go 14% of its workforce, blaming ‘significant market shifts’, leading to the company having to ‘restructure its global workforce’. In addition CEO of Snyk, Peter McKay also stated that it would be reducing spending in other areas, including subscription services and business travel.
October 20th
Loom
Job losses: Around 23 staff San Francisco video messaging start up Loom announces that it is cutting 23 employees, representing around 10% of the company’s staff. Sales staff are those most affected. It follows redundancies earlier in the year where 34 staff were let go.
October 17th
Microsoft
Job losses: Around 1,000 staff A spate of layoffs at Microsoft has led to around 1,000 employees losing their jobs. It’s one of the biggest round of layoffs we’ve seen this year, but still a relatively small percentage of Microsoft’s 220,000+ workforce. Those affected by the cuts include Xbox, Edge and Devices teams. Microsoft has made at least two other rounds of layoffs this year, with the biggest, back in July, affecting 1,800 employees.
October 14th
Equifax
Job losses: Around 24 staff During an internal review of its staff, Equifax identified 24 employees who were ‘overemployed‘, meaning that they were working two jobs at the same time. CEO Mark Begor told staff ‘We expect our team to be fully dedicated to EFX and have one role …their job at EFX.'
October 12th
Oracle
Job losses: Around 200 staff Oracle lays off around 200 employees from its former Redwood City HQ, after relocating to Austin, Texas.
October 11th
Intel
Job losses: Potentially thousands of staff Faced with a serious decline in sales, it has been reported that Intel will shortly be making wide-reaching job cuts, potentially slashing its number of employees by up to 20%. The company has already downgraded its sales forecast for 2022 by $10 billion compared to the previous year. An official announcement on this cuts is expected near the end of October.
October 7th
Spotify
Job losses: Around 40 staff Spotify closes down eleven of its exclusive podcasts, resulting in the termination of 5% of the company’s employees.
October 6th
Peloton
Job losses: Around 500 staff Barely two months since the last round of layoffs at Peloton, which saw nearly 800 staff cut, Peloton lays off another 500. The fitness company offered the perfect lockdown product, but the return to normal life has seen profits slide. However, this could be the last job cut at the company for some time, with CEO Barry McCarthy stating that Peloton is now ‘focused on growth.'
September 29th
DocuSign
Job losses: Around 650 staff Touted as part of its restructuring plan, San Francisco based DocuSign announced that it was letting go of 9% of its workforce.
September 26th
Ericsson
Job losses: Around 400 staff Telecoms company Ericsson, like many other companies, is halting its Russian presence. This means that the 400 staff who currently work at the Russian arm will be out of work by the end of the month.
September 22nd
Klarna
Job losses: Around 100 staff Swedish fintech company Klarna announced lay offs this month, marking the second such announcement from the company this year. While it’s small condolence to those affected, Klarna is cutting around 100 staff this time around, compared to the 750 it let go in May.
Inpixon
Job losses: Around 44 staff Inpixon, a company which provides tech and solutions to map and plan indoor spaces, announced that it was letting go of 20% of its workforce, estimated to be around 44 people. CEO Nadir Ali stated that the company had managed to strengthen its position in recent times, but that it ‘had to be mindful of the current economic environment.'
September 14th
Twilio
Job losses: Around 850 staff Twilio, the cloud communications provider announced that it was reducing it’s workforce by 11%. The company had 7,867 at the end of last year. Twilio CEO Jeff Lawson, stated that the decision was made to help run the company more efficiently.
September 13th
Patreon
Job losses: Around 150 staff Patreon, the subscription platform for content creators, announced that 17% of its workforce is being cut. Estimated to have around 885 staff in total, the losses represent a significant number of employees. A week previously the company had let go of five members of its security team.
August 30th
Snap
Job losses: More than 1,280 staff The company behind Snapchat is making one of the most drastic workforce cullings we’ve seen in months: It will be laying off 20% of its more than 6,400 employees this week. The biggest cuts will be to the teams behind the hardware division, the social mapping app Zenly, and aiding the developers who create Snapchat’s mini apps and games.
August 26th
Better.com
Job losses: 250 staff Improbable as it seems, Better.com is making its fourth round of layoffs in a year. A source informed TechCrunch that 250 ‘or more’ roles were on the chopping block. The company attracted criticism at the end of last year when it made mass lay offs via video.
August 16th
Meta
Job losses: 60 staff Meta lets 60 contract workers go, from Accenture. According to a report in Bloomberg, the staff were told over video call, and the unlucky employees learned that the decision had been made by an algorithm, say reports. The move chimes with CEO Mark Zuckerberg’s recent comments that underperformers will be rooted out.
Apple
Job losses: 100 staff Apple cuts 100 contractor roles across several regions, as reported by Bloomberg. The contractors worked in the recruitment arm of the company. In June CEO Tim Cook stated that the company would be ‘investing through the downturn’, but that it would be ‘more deliberate in doing so in recognition of the realities of the environment.'
August 15th
HBO Max
Job losses: 70 staff Reports that streaming service HBO Max is cutting 70 roles, around 14 percent of its workforce. The streaming landscape is more competitive than ever in 2022, with Netflix cutting 300 jobs in June amidst declining subscriber numbers.
August 12th
Peloton
Job losses: 780 staff It’s already proved to be a year of change for Peloton – the company had previously cut 2,800 roles and replaced its CEO. It’s been a rocky time for the company, with people ditching their bikes as the pandemic subsides, and a much publicised equipment recall after a death involving one of its products. On August 12th it announced it was cutting a further 780 jobs, with roles affected including delivery and customer support.
Calm
Job losses: 90 staff Calm, a meditation app, announced that it was cutting 90 employees from its 400 person workforce. Calm CEO David Ko said the company was ‘not immune’ to the current economic climate.
August 11th
Truepill
Job losses: around 175 staff Reports from TechCrunch that Truepill, a digital diagnostics company for the health field, has laid off a third of its workforce, around 175 staff. The company has yet to confirm these cuts, but it has already had two rounds of redundancies this year.
August 10th
Linktree
Job losses: around 50 staff Australian firm Linktree announced that it was to let go of 17% of its staff, equating to around 50 people. In a LinkedIn post, CEO Alez Zaccaria claimed that the move was necessary to “emerge stronger from the economic downturn.”
Microsoft
Job losses: around 200 staff Business Insider reports that Microsoft is laying off its Modern Life Experiences team, a department focused on professional consumers. The team was originally formed in 2018.
Nutanix
Job losses: 270 staff San Francisco based cloud software firm, Nutanix, announced a reduction of 270 staff from it’s 6,000 strong global workforce.
August 8th
Oracle
Job losses: unknown, potentially hundreds At the time of writing the actual number of layoffs at Oracle is unknown, but there are signs it’s in the hundreds at least, potentially even thousands, globally.
Groupon
Job losses: 500 staff The voucher discount site laid off 500 staff, around 15% of its total workforce. These redundancies were reportedly across several departments, including sales, marketing, and engineering. In a letter to staff, the company said that it was focusing on “self-service merchant acquisition capabilities.”
August 5th
iRobot
Job losses: 140 staff
RingCentral
Job losses: 50 staff RingCentral‘s layoffs included several senior roles, and are in two rounds, effective on September 18th and 25th. Despite these redundancies, the company is actually weathering the current financial climate rather well, growing revenue by 28% in Q2.
August 2nd
Robinhood
Job losses: around 700 staff There’s no doubt it’s been a rocky year for this fintech company — this isn’t their only appearance in this list. In August, it laid off 23% of its staff, estimated to be around 700. Its previous round of redundancies in April saw around 300 job losses. In a blog post on the company site, CEO Vlad Tenev stated that the redundancies were due to over hiring in 2021, and that, “As CEO, I approved and took responsibility for our ambitious staffing trajectory — this is on me.” A message that is unlikely to bring much comfort to those affected.
July 26th
Shopify
Job losses: 1,000 staff Shopify’s 1,000 redundancies in July represented 10% of the company’s entire workforce. In a message to its staff, the company stated that most redundancies were in recruitment, staff, and sales. Spotify CEO Tobi Lutke stated, “We bet that the channel mix — the share of dollars that travel through ecommerce rather than physical retail — would permanently leap ahead by five or even 10 years. It’s now clear that bet didn’t pay off.”
July 20th
Vimeo
Job losses: around 70 staff Staff losses at Vimeo in July represented about 6% of the company workforce, with the redundancies being blamed on an uncertain economic future. Vimeo CEO Anjali Sud said in a blog post: “After assessing the challenging market conditions and uncertainty ahead, I believe this is the responsible action to take.”
July 19th
TikTok
Job losses: around 100 staff Popular social media platform TikTok has been no stranger to headlines this year, with national security concerns coming to the forefront once again. However, in July, it was job losses that saw it in the public eye, with around 100 TikTok employees getting cut.
July 12th
Microsoft
Job losses: around 1,800 staff Microsoft’s layoffs of “just” 1% of its staff might not seem so bad, but when you consider that the company employed 181,000 people in 2021, that’s a potential 1,810 people on the chopping block. Microsoft told Bloomberg: “Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly.”
July 7th
Job losses: fewer than 100 people Twitter paused hiring during Elon Musk’s acquisition of the company, reportedly in an attempt to cut costs. In July, it actually let go of around 100 employees, with the redundancies affecting the talent acquisition team. Twitter is currently locked in a legal battle with Musk over its acquisition, meaning uncertainty will continue at the company for the coming months.
June 28th
Tesla
Job losses: 229 staff Elon Musk’s Tesla firm made 229 redundancies in June, which was to be expected, considering he had told Bloomberg just a few weeks prior that he would be cutting staff by up to 10%. The job losses affected salaried employees, most of which were purportedly data annotation specialists.
June 24th
Netflix
Job losses: 300 staff Netflix saw its subscriber base start to dip for the first time in 2022, as fierce competition from the likes of Disney+, and a much-publicized crackdown on password sharing caught up with the company. Slowed revenue growth was blamed for the job losses in June, which amounted to 300, and followed the loss of 150 employees in May. Best Password Managers for 2022
May 23rd
Klarna
Job losses: around 750 staff Swedish fintech company Klarna cut a huge 750 staff in May, representing 10% of its workforce, and did so via a pre-recorded message. Co-founder Sebastian Siemiatkowski stated that the announcement was the “hardest one to date,” and that the world “was a very different world than the one we are in today” when the company made its 2022 plans last year.
May 11th
Carvana
Job losses: 2,500 staff Carvana has had a rocky 2022, with a $506 million loss in the first quarter. In an effort to cut back on expenses, the company dropped 2,500 members of staff in May, some of which were told via a video call. Why Being Fired Over Zoom Is Such a Jarring Experience
May 5th
Cameo
Job losses: 87 staff With redundancies in May, Cameo let go of just under a quarter of its total workforce. The company placed the blame on expanding too rapidly and overestimating its market in a post-pandemic world. CEO Steven Galanis told staff: “To support both fan and talent demand during the pandemic lockdowns, Cameo’s headcount exploded from just over 100 to nearly 400. We hired a lot of people quickly, and market conditions have rapidly changed since then. Accordingly, we have right sized the business to best reflect the new realities.”
April 28th
Netflix
Job losses: 150 staff In May, Netflix let go of 150 staff, including 25 from its fan site Tudum, which launched in December. The site was designed to give Netflix subscribers a behind-the-scenes look at the streaming giant’s shows and driven by an editorial team.
April 26th
Robinhood
Job losses: around 300 staff In April, Robinhood CEO stated that the company had cut 9% of the company’s staff, amounting to around 300 people.
April 19th
Better.com
Job losses: between 1,200 to 1,500 staff In December 2021, Better.com canned 900 employees, and in doing so hit the headlines, thanks to the way it delivered the message — through a very impersonal Zoom call. April saw the third round of redundancies at the troubled company in less than six months, with an additional 1,200 to 1,500 employees being made redundant.
March 9th
Better.com
Job losses: 3,100 staff Following on from the 900 staff fired in December over Zoom, Better.com let go of another 3,100 members of staff across both the US and India.
Who’s Next for Tech Redundancies?
The tech redundancies are coming thick and fast in 2022, and with experts predicting a global recession on the horizon, we can unfortunately expect to see a few more in the last few months of the year. There are some notable omissions from the list so far. For example, Google has not yet announced any redundancies, although it is slowing hiring, and CEO Sunda Pichai has told employees that they needed to work with a “greater urgency and more hunger than we’ve shown on sunnier days.” If they don’t, there’s chance they might be unfortunate enough to be added to this list.
How Can My Business Avoid Redundancies?
If you’re concerned about performance at your company, tech solutions may be able to help optimize your workflow, maximize performance and save you money on a monthly basis. This could help reduce the need for redundancies in some situations. Solutions to streamline project management, improve communications (enabling staff to work efficiently from anywhere, and reducing office costs) and defend against cyberattacks that could majorly disrupt your plans, start from just a few dollars a month. Some are even free. Now is the time for smart investments that lead to the biggest ROIs. See our guides below, for more information. Top Tech.co Guides
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