18 Feb A Few Of Tech Companies That Have Made Layoffs In 2023
Tech layoffs were big news in 2022, and that’s looking set to continue in 2023, too, with major companies like Amazon and Salesforce already slashing workforces.
There weren’t many major tech companies that escaped redundancies last year — Twitter, Tesla, Shopify, Microsoft, and Netflix all cut staff, some of them more than once, and yet none of the mobile casinos had any major layoffs that made it to the news.
We’re keeping track of the notable layoffs in tech in 2023, as well as those that happened in 2022, so read on for a timeline of those companies that have been cutting staff.
Intel
Intel confirms that it is cutting over 500 staff in the latest tech layoffs, with an aim to cut $3 billion from its budget this year. Revenue for Intel is down 20%, which may well explain why it’s getting rid of 544 employees, a fairly modest number compared to the thousands we’ve seen let go from Google and Microsoft in the past couple of weeks, although little comfort for those affected and some ended up searching for jobs on the internet while others visit here to play relieve themselves of the stress.
iRobot
The company behind Roomba announces that it is laying off around 85 staff, which amounts to 7% of the workforce. In an email to staff, CEO Colin Angle stated “While reducing the size of our workforce is painful, we believe these actions are necessary for the company to better navigate the challenging economic environment and position us to return to profitable growth in the years ahead.”
While Amazon announced plans to acquire iRobot last year, the deal is not yet finalized and is subject to investigation by regulators.
Twilio
Twilio announces layoffs in a company-wide email sent out to staff, as part of a strategy change that seeks to improve efficiency and reduce overheads. This news comes five months after Twilio’s CEO, Jeff Lawson, decided to cut 816 employees as the company deals with post-pandemic headcount challenges.
Yahoo
Yahoo announces plans to lay off 20% of its workforce, with many being let go by the end of the week. A spokesperson for Yahoo told CNBC “Given the new focus of the new Yahoo Advertising group, we will reduce the workforce of the former Yahoo for Business division by nearly 50% by the end of 2023.”
GitHub
GitHub reveals that it is cutting 300 staff, around 10% of its workforce. In addition, its hiring freeze, which began in January, will stay in place. The company also plans to go fully remote, shuttering its physical offices as their leases expire.
eBay
eBay announces that it intends to lay off around 500 of its staff, globally. The cuts, which amount to around 4% of the company’s total workforce, will allow “additional space to invest and create new roles in high-potential areas – new technologies, customer innovations and key markets,” stated Jamie Iannone, Chief Executive Officer of eBay.
Zoom
Zoom announces that it is laying off 1,300 staff, around 15% of its workforce. Zoom experienced a meteoric rise during the pandemic, with its name becoming synonymous with web conferencing to the general public. Now however, the company is tightening its belt, blaming the “uncertainty of the global economy”, as chief executive, Eric Yuan, put it in an official statement.
Dell
Computing giant Dell announces that it is laying off over 6,000 staff, around 5% of its total workforce. Dell Co-Chief Operating Officer Jeff Clarke stated that “market conditions continue to erode with an uncertain future”, despite the company having taken cost-cutting measures recently, including a hiring freeze.
PayPal
PayPal announced a huge cut of around 7% of its workforce, with 2000 employees being laid off from the company. In a statement, CEO Dan Schulman blamed the decision on the “challenging macroeconomic environment.”
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