After a banner year for tech, layoffs are here. In fact, as of mid-October, more than 44,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022, according to a Crunchbase News tally.
Tech companies as big as Netflix have slashed jobs this year, with some citing the effects of the COVID-19 pandemic and others pointing to overhiring during periods of rapid growth. Robinhood, Glossier and Better are just a few of the tech companies that have notably trimmed their headcount in 2022.
To keep tabs, we’ve compiled a list of U.S.-based tech companies that have laid off employees so far this year.
New additions in the past week include Beyond Meat, Salesforce and Noom.
Most recently updated: Oct. 14, 2022.
The public markets have been hit hard in 2022, and that’s trickled down to the private markets. Inflation concerns, rising interest rates and geopolitical issues have all contributed to a roller-coaster stock market.
Startups—especially those that benefited from a pandemic boom that’s starting to cool—are feeling the pressure too. Valuations, particularly at the late stage, have started to dip, and startups say it’s much more difficult to raise new funding in this environment.
We’ve included both startups and publicly traded companies that are based in the U.S. We’ve also included companies based elsewhere that have a sizable team in the United States, such as Klarna, even when it’s unclear how much of the U.S. workforce has been affected by layoffs.
We source the layoffs from media reports, social media posts and layoffs.fyi, a crowdsourced database of tech layoffs.
Are we missing something?
Our hope is that this database will be as comprehensive as possible, so if we’ve missed any companies or if your company goes through layoffs, please let us know by filling out this form.
This layoff tracker will be updated at least weekly, if not more frequently.
Illustration: Dom Guzman
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