A surge in tech company layoffs that picked up towards the end of 2023 is continuing strongly into 2024. It is not showing signs of easing. Halfway through the year, 254 companies have cut 60,000 jobs already and more are threatened, according to reports on the layoffs.fyi website. Tech companies laid off 19,350 employes in January while they downsized by 15,589 employees, according to a report on the TechChruch website. March saw pink slips served on 7,403, followed by 22,153 in April and 9,882 in May. June was not different although only about 4,000 people got fired.

Here is a list of the top ten layoffs in 2024 in the descending order of the number of employees affected:

1. IBM

Number of employees affected: 8,000

International Business Machines Corporation (IBM) is headquartered in Armonk, New York. Known for its significant contributions to the information technology sector, IBM operates in cloud computing, artificial intelligence, and quantum computing. The current CEO is Arvind Krishna. Major products and services include IBM Cloud, IBM Watson, IBM Power Systems, and mainframe computers.

2. Cisco

Number of employees affected: 6,000

Cisco Systems, Inc. (CSCO) is headquartered in San Jose, California. Cisco is a global leader in networking hardware, software, and telecommunications equipment. The CEO is Chuck Robbins. Major products include routers, switches, cybersecurity solutions, and collaboration tools such as Webex.

3. Microsoft

Number of staff affected: 1,900

Microsoft Corporation (MSFT), based in Redmond, Washington, is a multinational technology company. It is renowned for software products like Windows OS, Microsoft Office, and cloud services through Azure. Satya Nadella is the CEO. Microsoft also develops hardware products like the Surface lineup and Xbox gaming consoles.

4. Unity

Number of employees affected:1,800

Unity Technologies (U), headquartered in San Francisco, California, specializes in real-time 3D development platforms. Unity is widely used in gaming, augmented reality (AR), and virtual reality (VR) applications. John Riccitiello serves as CEO. The company's flagship product is the Unity game engine.

5. Wayfair

Number of employees affected: 1,650

Wayfair Inc., based in Boston, Massachusetts, is an e-commerce company that sells furniture and home goods. The company operates through a website and mobile app, offering a wide range of home products. Niraj Shah is the CEO. Wayfair's product categories include furniture, décor, lighting, and kitchenware.

6. Expedia

Number of employees affected: 1,500

Expedia Group (EXPE), headquartered in Seattle, Washington, is a global travel technology company. It provides online travel booking services for flights, hotels, car rentals, and vacation packages. The CEO is Peter Kern. Brands under Expedia Group include Expedia.com, Hotels.com, and Vrbo.

7. Pixar

Number of employees affected: 1,300

Walt Disney Co. (DIS)-owned Pixar Animation Studios, located in Emeryville, California, is an American animation studio known for its pioneering computer-animated films. The CEO is Jim Morris. Pixar has produced critically acclaimed films such as "Toy Story," "Finding Nemo," and "The Incredibles."

8. Revel

Number of employees affected: 1,000

Revel Systems, based in Atlanta, Georgia, is a point-of-sale (POS) software company. It provides cloud-based POS systems for retail and restaurant businesses. The CEO is Greg Dukat. Revel's products include Revel POS, online ordering, and customer relationship management tools.

9. Indeed

Number of employees affected: 1,000

Indeed, headquartered in Austin, Texas, is a leading employment website for job listings and recruitment. Chris Hyams is the CEO. Indeed provides a platform for job seekers to find jobs, post resumes, and research companies, while employers can post job openings and search for candidates.

10. Block

Number of employees affected: 1,000

Block, Inc., formerly known as Square Inc., is headquartered in San Francisco, California. It is a financial services and digital payments company. Jack Dorsey is the CEO. Major products include Square Point of Sale, Cash App, and Afterpay for "buy now, pay later" services.

Contact Us

Quick Links

Categories

Our Offices

10kInfo, Inc.

10kInfo Data Solutions, Pvt Ltd.

Top Ten Tech Company Layoffs in US in 2024

Finance Insurance & Real Estate

Popular News

U.S. Unemployment Insurance Claims Show Marked Drop For Q4 Year Over Year

US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high

Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas

Japan to maximize nuclear power in clean-energy push as electricity demand grows

Legendary Indian filmmaker Shyam Benegal dies at age 90

Richard Perry, record producer behind 'You're So Vain' and other hits, dies at 82

US weekly jobless claims fall slightly amid economic fluctuations

Undersea power cable linking Finland and Estonia hit by outage, prompting investigation

Blake Lively's claims that movie co-star launched smear campaign gets support in publicist's suit

Fate of Trump's Cabinet picks unclear as Republicans prepare to take power in Senate

Trial of man accused in Trump assassination attempt in Florida pushed back to September

How the stock market defied expectations again this year, by the numbers

Japan Airlines was hit by a cyberattack, delaying flights during the year-end holiday season

Working Well: Returning to the office can disrupt life. Here are some tips to navigate the changes

Chinese automaker BYD slams reports of poor conditions at a factory site in Brazil

Latest News

Show more

Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away

FDA proposes new testing rules to ensure cosmetics are asbestos-free

Holiday shoppers increased spending by 3.8% despite higher prices

Christmas shooting at Phoenix airport leaves 3 people wounded, 1 stabbed

Stock market today: Wall Street drifts to a mixed close in thin trading following a holiday pause

How the stock market defied expectations again this year, by the numbers

AI is a game changer for students with disabilities. Schools are still learning to harness it

U.S. Unemployment Insurance Claims Show Marked Drop For Q4 Year Over Year

Five facts about electric vehicles in 2024

US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high

Americans are exhausted by political news. TV ratings and a new AP-NORC poll show they're tuning out

US weekly jobless claims fall slightly amid economic fluctuations

Working Well: Returning to the office can disrupt life. Here are some tips to navigate the changes

Chinese automaker BYD slams reports of poor conditions at a factory site in Brazil

Japan Airlines was hit by a cyberattack, delaying flights during the year-end holiday season

U.S. Unemployment Insurance Claims Show Marked Drop For Q4 Year Over Year

US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high

Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas

Japan to maximize nuclear power in clean-energy push as electricity demand grows

Legendary Indian filmmaker Shyam Benegal dies at age 90

Richard Perry, record producer behind 'You're So Vain' and other hits, dies at 82

US weekly jobless claims fall slightly amid economic fluctuations

Undersea power cable linking Finland and Estonia hit by outage, prompting investigation

Blake Lively's claims that movie co-star launched smear campaign gets support in publicist's suit

Fate of Trump's Cabinet picks unclear as Republicans prepare to take power in Senate

Trial of man accused in Trump assassination attempt in Florida pushed back to September

How the stock market defied expectations again this year, by the numbers

Japan Airlines was hit by a cyberattack, delaying flights during the year-end holiday season

Working Well: Returning to the office can disrupt life. Here are some tips to navigate the changes

Chinese automaker BYD slams reports of poor conditions at a factory site in Brazil