Tech layoffs worldwide 2020-2024, by quarter
consumer, hardware, food, and healthcare sectors. Notable companies that have laid off a significant amount of staff include Flink, Getir, Booking.com, Uber, PayPal, LinkedIn, and Peloton, among others.
In the fourth quarter of 2022, technology companies worldwide saw a significant reduction in their workforce, with over 70,000 employees being laid off. However, the situation escalated dramatically in the first quarter of 2023. The technology sector experienced a record high in layoffs, with a staggering 167.4 thousand employees losing their jobs. Major tech giants such as Google, Microsoft, Meta, and IBM all contributed to this figure during this quarter. Amazon, in particular, conducted two separate rounds of layoffs within the same period. Industries most affected include the