Even NASA is not immune to layoffs. The agency says it's cutting around 530 employees from its Jet Propulsion Laboratory (JPL) in California amid budget uncertainty. That's eight percent of the facility's workforce. JPL is laying off about 40 contractors too, just weeks after imposing a hiring freeze and canning 100 other contractors. Workers are being informed of their fates today.

"After exhausting all other measures to adjust to a lower budget from NASA, and in the absence of an FY24 appropriation from Congress, we have had to make the difficult decision to reduce the JPL workforce through layoffs," NASA said in a statement spotted by Gizmodo. "The impacts will occur across both technical and support areas of the Lab. These are painful but necessary adjustments that will enable us to adhere to our budget allocation while continuing our important work for NASA and our nation."

Uncertainty over the final budget that Congress will allocate to NASA for 2024 has played a major factor in the cuts. It's expected that the agency will receive around $300 million for Mars Sample Return (MSR), an ambitious mission in which NASA plans to launch a lander and orbiter to the red planet in 2028 and bring back soil. In its 2024 budget proposal, NASA requested just under $950 million for the project.

“While we still do not have an FY24 appropriation or the final word from Congress on our Mars Sample Return (MSR) budget allocation, we are now in a position where we must take further significant action to reduce our spending,” JPL Director Laurie Leshin wrote in a memo. "In the absence of an appropriation, and as much as we wish we didn’t need to take this action, we must now move forward to protect against even deeper cuts later were we to wait."

NASA has yet to provide a full cost estimate for MSR, though an independent report pegged the price at between $8 billion and $11 billion. In its proposed 2024 budget, the Senate Appropriations subcommittee ordered NASA to submit a year-by-year funding plan for MSR. If the agency does not do so, the subcommittee warned that the mission could be canceled.

That's despite MSR having enjoyed success so far. The Perseverance rover has dug up some soil samples that contain evidence of organic matter and would warrant closer analysis were NASA able to bring them back to Earth. The samples could help scientists learn more about Mars, such as whether the planet ever hosted life.

The Biden administration and the US Commerce Department just named 31 regions as "tech hubs", drawn from nearly 400 applicants. These hub areas are spread across the country, in addition to territories like Puerto Rico, and each spot could share in $500 million of funding as originally detailed in the CHIPS and Science Act that was signed into law back in 2022.

The administration hopes to use these hubs to “catalyze investment in technologies critical to economic growth, national security and job creation” with an end goal of helping “communities across the country become centers of innovation critical to American competitiveness.” Additionally, Commerce Secretary Gina Raimondo told reporters that the program seeks to diversify the country’s tech interests, moving away from traditional hubs like Silicon Valley, Seattle and Boston, as reported by Yahoo.

To that end, these hubs will focus on everything under the sun, from artificial intelligence, biotech, clean energy, semiconductors, quantum computing and more. Examples include a hub in Washington state that’s developing new materials for next-gen fuel-efficient aircraft, a Wisconsin program seeking to make advancements in personalized medicine and a New York organization researching new battery technologies, among 28 others. It’s worth noting that many of these hubs are in small or medium-sized cities, with Raimondo saying that “people shouldn't have to move to get a good job.”

There’s one caveat. Snagging one of these coveted hub designations doesn’t guarantee federal funding. The Commerce Department will follow each program throughout the next year, with funding to follow. Raimondo says that five to 10 hubs will receive up to $75 million. With 31 hub areas and just $500 million to disperse, that could leave many locations in the financial cold.

Additionally, the CHIPS and Science Act is a robust piece of legislation that drops more than $280 billion into various sectors, so these hubs represent less than 1/500th of the allocated funding set aside by the bill. There’s $52 billion in tax credits and funding for US chipmakers to expand domestic production, $7 billion for clean hydrogen and $1.5 billion to “boost US leadership in wireless technologies and their supply chains.” The bill also sets aside $10 billion to “invest in regional innovation and technology” which is the exact point of these hubs, so maybe more money is coming down the line.

Biden has asked Congress for an additional $4 billion to fund even more regional tech hubs, but, well, that would be part of the full-year budget and you may have noticed that the House still lacks a speaker with a government shutdown on the horizon.

Nearly three years after a 2020 court decision threatened to grind transatlantic e-commerce to a halt, the European Union has adopted a plan that will allow US tech giants to continue storing data about European users on American soil. In a decision announced Monday, the European Commission approved the Trans-Atlantic Data Privacy Framework. Under the terms of the deal, the US will establish a court Europeans can engage with if they feel a US tech platform violated their data privacy rights. President Joe Biden announced the creation of the Data Protection Review Court in an executive order he signed last fall. The court can order the deletion of user data and impose other remedial measures. The framework also limits access to European user data by US intelligence agencies.

The Trans-Atlantic Data Privacy Framework is the latest chapter in a saga that is now more than a decade in the making. It was only earlier this year the EU fined Meta a record-breaking €1.2 billion after it found that Facebook's practice of moving EU user data to US servers violated the bloc's digital privacy laws. The EU also ordered Meta to delete the data it already had stored on its US servers if the company didn't have a legal way to keep that information there by the fall. As TheWall Street Journal notes, Monday's agreement should allow Meta to avoid the need to delete any data, but the company may end up still paying the fine.

Even with a new agreement in place, it probably won't be smooth sailing just yet for the companies that depend the most on cross-border data flows. Max Schrems, the lawyer who successfully challenged the previous Safe Harbor and Privacy Shield agreements that governed transatlantic data transfers before today, told The Journal he plans to challenge the new framework. "We would need changes in US surveillance law to make this work and we simply don't have it," he said. For what it's worth, the European Commission says it's confident it can defend its new framework in court.

The tech industry is reeling from the combination of a rough economy, the COVID-19 pandemic and some obvious business missteps. And while that led to job cuts in 2022, the headcount reductions have unfortunately ramped up in 2023. It can be tough to keep track of these moves, so we’ve compiled all the major layoffs in one place and will continue to update this story as the situation evolves.

June

Dado Ruvic / reuters

Spotify layoffs

Spotify followed up its January layoff plans with word in June that it would cut 200 jobs in its podcast unit. The move is part of a more targeted approach to fostering podcasts with optimized resources for creators and shows. The company is also combining its Gimlet and Parcast production teams into a renewed Spotify Studios division.

GrubHub layoffs

GrubHub has faced intense pressure from both the economy and competitors like Uber, and that led it to lay off 15 percent of its workforce in June, or roughly 400 staff. This came just weeks after outgoing CEO Adam DeWitt officially left the food delivery service. New chief executive Howard Migdal claims the job cuts will help the company remain "competitive."

Embracer Group layoffs

Game publishing giant Embracer Group announced plans for layoffs in June as part of a major restructuring effort meant to cut costs. The company didn't say how many of its 17,000 employees would be effected, but expected the overhaul to continue through March. The news came soon after Embracer revealed that it lost a $2 billion deal with an unnamed partner despite a verbal agreement.

Sonos layoffs

Sonos has struggled to turn a profit as of late, and it's cutting costs to get back on track. The company said in June that it would lay off 7 percent of staff, or roughly 130 jobs. It also planned to offload real estate and rethink program spending. CEO Patrick Spence said there were "continued headwinds" that included shrinking sales.

Plex layoffs

Plex may be many users' go-to app for streaming both local and online media, but that hasn't helped its fortunes. The company laid off roughly 20 percent of employees in June, or 37 people. Most of the affected people are in its Personal Media unit. Plex is reportedly feeling the blow from an ad market slowdown, and is eager to cut costs and turn a profit.

May

REUTERS/Chris Wattie

Shopify layoffs

Shopify's e-commerce platform played an important role at the height of the pandemic, but the Canadian company is scaling back now that the rush is over. In May, the company laid off 20 percent of its workforce and sold its logistics business to Flexport. Founder Tobi Lütke characterized the job cuts as necessary to "pay unshared attention" to Shopify's core mission, and an acknowledgment that the firm needed to be more efficient now that the "stable economic boom times" were over.

Polestar layoffs

Polestar delayed production of its first electric SUV (the Polestar 3) in May, and that had repercussions for its workforce. The Volvo spinoff brand said in May that it would cut 10 percent of its workforce to lower costs as it faced reduced manufacturing expectations and a rough economy. Volvo needed more time for software development and testing that also pushed back the EX90, Polestar said.

SoundCloud layoffs

SoundCloud followed up last year's extensive layoffs with more this May. The streaming audio service said it would shed 8 percent of its staff in a bid to become profitable in 2023. Billboard sources claim the company hopes to be profitable by the fourth quarter of the year.

April

Dado Ruvic / reuters

Lyft layoffs

Lyft laid off 13 percent of staff in November 2022, but took further steps in April. The ridesharing company said it was laying off 1,072 workers, or about 26 percent of its headcount. It comes just weeks after an executive shuffle that replaced CEO Logan Green with former Amazon exec David Risher, who said the company needed to streamline its business and refocus on drivers and passengers. Green previously said Lyft needed to boost its spending to compete with Uber.

Dropbox layoffs

Cloud storage companies aren't immune to the current financial climate. In April, Dropbox said it would lay off 500 employees, or roughly 16 percent of its team. Co-founder Drew Houston pinned the cuts on the combination of a rough economy, a maturing business and the "urgency" to hop on the growing interest in AI. While the company is profitable, its growth is slowing and some investments are "no longer sustainable," Houston said. 

March

Roku layoffs

Roku shed 200 jobs at the end of 2022, but it wasn't done. The streaming platform creator laid off another 200 employees in March 2023. As before, the company argued that it needed to curb growing expenses and concentrate on those projects that would have the most impact. Roku has been struggling with the one-two combination of a rough economy and the end of a pandemic-fueled boom in streaming video.

Lucid Motors layoffs

If you thought luxury EV makers would be particularly susceptible to economic turmoil, you guessed correctly. Lucid Motors said in March that it would lay off 18 percent of its workforce, or about 1,300 people. The marque is still falling short of production targets, and these cuts reportedly help deal with "evolving business needs and productivity improvements." The cuts are across the board, too, and include both executives as well as contractors.

Meta (Facebook) layoffs

Meta slashed 11,000 jobs in fall 2022, but it wasn't finished. In March 2023, the company unveiled plans to lay off another 10,000 workers in a further bid to cut costs. The first layoffs affected its recruiting team, but it shrank its technology teams in late April and its business groups in late May. The Facebook owner is hoping to streamline its operations by reducing management layers and asking some leaders to take on work previously reserved for the rank and file. It may take a while before Meta's staff count grows again — it doesn't expect to lift a hiring freeze until sometime after it completes its restructuring effort in late 2023.

February

Rivian layoffs

Rivian conducted layoffs in 2022, but that wasn't enough to help the fledgling EV brand's bottom line. The company laid off another six percent of its employees in February, or about 840 workers. It's still fighting to achieve profitability, and the production shortfall from supply chain issues hasn't helped matters. CEO RJ Scaringe says the job cuts will help Rivian focus on the "highest impact" aspects of its business.

Zoom layoffs

Zoom was a staple of remote work culture at the pandemic's peak, so it's no surprise that the company is cutting back now that people are returning to offices. The video calling firm said in February it was laying off roughly 1,300 employees, or 15 percent of its personnel. As CEO Eric Yuan put it, the company didn't hire "sustainably" as it dealt with its sudden success. The layoffs are reportedly necessary to help survive a difficult economy. The management team is offering more than just apologies, too. Yuan is cutting his salary by 98 percent for the next fiscal year, while all other executives are losing 20 percent of their base salaries as well as their fiscal 2023 bonuses.

Yahoo layoffs

Engadget's parent company Yahoo isn't immune to layoffs. The internet brand said in February that it would lay off over 20 percent of its workforce throughout 2023, or more than 1,600 people. Most of those cuts, or about 1,000 positions, took place immediately. CEO Jim Lanzone didn't blame the layoffs on economic conditions, however. He instead pitched it as a restructuring of the advertising technology unit as it shed an unprofitable business in favor of a successful one. Effectively, Yahoo is bowing out of direct competition in with Google and Meta in the ad market.

Dell layoffs

The pandemic recovery and a grim economy have hit PC makers particularly hard, and Dell is feeling the pain more than most. It laid off five percent of its workforce in early February, or about 6,650 employees, after a brutal fourth quarter where computer shipments plunged an estimated 37 percent. Past cost-cutting efforts weren't enough, Dell said — the layoffs and a streamlined organization were reportedly needed to get back on track.

Deliveroo layoffs

Food delivery services flourished while COVID-19 kept people away from restaurants, and at least some are feeling the sting now that people are willing to dine out again. Deliveroo is laying off about 350 workers, or nine percent of its workforce. "Redeployments" will bring this closer to 300, according to founder Will Shu. The justification is familiar: Deliveroo hired rapidly to handle "unprecedented" pandemic-related growth, according to Shu, but reportedly has to cut costs as it deals with a troublesome economy.

DocuSign layoffs

DocuSign may be familiar to many people who've signed documents online, but that hasn't spared it from the impact of a harsh economic climate. The company said in mid-February that it was laying off 10 percent of its workforce. While it didn't disclose how many people that represented, the company had 7,461 employees at the start of 2022. Most of those losing their jobs work in DocuSign's worldwide field organization.

GitLab layoffs

You may not know GitLab, but its DevOps (development and operations) platform underpins work at tech brands like NVIDIA and T-Mobile — and shrinking business at its clients is affecting its bottom line. GitLab is laying off seven percent of employees, or roughly 114 people. Company chief Sid Sijbrandij said the problematic economy meant customers were taking a "more conservative approach" to software investment, and that his company's previous attempts to refocus spending weren't enough to counter these challenges.

GoDaddy layoffs

GoDaddy conducted layoffs early in the pandemic, when it cut over 800 workers for its retail-oriented Social platform. In February this year, however, it took broader action. The web service provider laid off eight percent of its workforce, or more than 500 people, across all divisions. Chief Aman Bhutani claimed other forms of cost-cutting hadn't been enough to help the company navigate an "uncertain" economy, and that this reflected efforts to further integrate acquisitions like Main Street Hub.

Twilio layoffs

Twilio eliminated over 800 jobs in September 2022, but it made deeper cuts as 2023 got started. The cloud communications brand laid off 17 percent of staff, or roughly 1,500 people, in mid-February. Like so many other tech firms, Twillio said that past cost reduction efforts weren't enough to endure an unforgiving environment. It also rationalized the layoffs as necessary for a streamlined organization.

January

REUTERS/Peter DaSilva

Google (Alphabet) layoffs

Google's parent company Alphabet has been cutting costs for a while, including shutting down Stadia, but it took those efforts one step further in late January when it said it would lay off 12,000 employees. CEO Sundar Pichai wasn't shy about the reasoning: Alphabet had been hiring for a "different economic reality," and was restructuring to focus on the internet giant's most important businesses. The decision hit the company's Area 120 incubator particularly hard, with the majority of the unit's workers losing their jobs. Sub-brands like Intrinsic (robotics) and Verily (health) also shed significant portions of their workforce in the days before the mass layoffs. Waymo has conducted two rounds of layoffs that shed 209 people, or eight percent of its force.

Amazon layoffs

Amazon had already outlined layoff plans last fall, but expanded those cuts in early January when it said it would eliminate 18,000 jobs, most of them coming from retail and recruiting teams. It added another 9,000 people to the layoffs in March, and in April said over 100 gaming employees were leaving. To no one's surprise, CEO Andy Jassy blamed both an "uncertain economy" and rapid hiring in recent years. Amazon benefited tremendously from the pandemic as people shifted to online shopping, but its growth is slowing as people return to in-person stores.

Coinbase layoffs

Coinbase was one of the larger companies impacted by the crypto market's 2022 downturn, and that carried over into the new year. The cryptocurrency exchange laid off 950 people in mid-January, just months after it slashed 1,100 roles. This is one of the steepest proportionate cuts among larger tech brands — Coinbase offloaded about a fifth of its staff. Chief Brian Armstrong said his outfit needed the layoffs to shrink operating expenses and survive what he previously described as a "crypto winter," but that also meant canceling some projects that were less likely to succeed.

IBM layoffs

Layoffs sometimes stem more from corporate strategy shifts than financial hardship, and IBM provided a classic example of this in 2023. The computing pioneer axed 3,900 jobs in late January after offloading both its AI-driven Watson Health business and its infrastructure management division (now Kyndryl) in the fall. Simply put, those employees had nothing to work on as IBM pivoted toward cloud computing.

Microsoft layoffs

Microsoft started its second-largest wave of layoffs in company history when it signaled it would cut 10,000 jobs between mid-January and the end of March. Like many other tech heavyweights, it was trimming costs as customers scaled back their spending (particularly on Windows and devices) during the pandemic recovery. The reductions were especially painful for some divisions — they reportedly gutted the HoloLens and mixed reality teams, while 343 Industries is believed to be rebooting Halo development after losing dozens of workers. GitHub is cutting 10 percent of its team, or roughly 300 people.

PayPal layoffs

PayPal has been one of the healthier large tech companies, having beaten expectations in its third quarter last year. Still, it hasn't been immune to a tough economy. The online payment firm unveiled plans at the end of January to lay off 2,000 employees, or seven percent of its total worker base. CEO Dan Schulman claimed the downsizing would keep costs in check and help PayPal focus on "core strategic priorities."

Salesforce layoffs

Salesforce set the tone for 2023 when it warned it would lay off 8,000 employees, or about 10 percent of its workforce, just four days into the new year. While the cloud software brand thrived during the pandemic with rapidly growing revenue, it admitted that it hired too aggressively during the boom and couldn't maintain that staffing level while the economy was in decline.

SAP layoffs

Business software powerhouse SAP saw a steep 68 percent drop in profit at the end of 2022, and it started 2023 by laying off 2,800 staff to keep its business healthy. Unlike some big names in tech, though, SAP didn't blame excessive pandemic-era hiring for the cutback. Instead, it characterized the initiative as a "targeted restructuring" for a company that still expected accelerating growth in 2023.

Spotify layoffs

Spotify spent aggressively in recent years as it expanded its podcast empire, but it quickly put a stop to that practice as 2023 began. The streaming music service said in late January that it would lay off 6 percent of its workforce (9,800 people worked at Spotify as of the third quarter) alongside a restructuring effort that included the departure of content chief Dawn Ostroff. While there were more Premium subscribers than ever in 2022, the company also suffered steep losses — CEO Daniel Ek said he was "too ambitious" investing before the revenue existed to support it.

Wayfair layoffs

Amazon isn't the only major online retailer scaling back in 2023. Wayfair said in late January that it would lay off 1,750 team members, or 10 percent of its global headcount. About 1,200 of those were corporate staff cut in a bid to "eliminate management layers" and otherwise help the company become leaner and nimbler. Wayfair had been cutting costs since August 2022 (including 870 positions), but saw the layoffs as helping it reach break-even earnings sooner than expected.

Meta has started another round of layoffs amid the company’s “year of efficiency.” The latest job cuts are the third round of a series of cuts first announced in March. The company said it expected to shed a total of 10,000 jobs over the course of three rounds.

It’s unclear exactly how many workers are impacted by the latest round, but the layoffs, once again, seem to be primarily in non-engineering roles. People in marketing, communications, and recruiting have lost their jobs, according toReuters, which cited posts on LinkedIn. Meta will also be slashing nearly 500 jobs from its Irish office, about 20 percent of its workforce in the country, according to a separate report.

Meta declined to comment on the cuts. A spokesperson pointed to a memo Mark Zuckerberg shared with employees last fall when the company conducted an earlier round of 11,000 layoffs. In the message, he said that economic conditions had “caused our revenue to be much lower” than expected. He described the job cuts as “some of the most difficult changes we’ve made in Meta’s history” and “what we need going forward.”

Zuckerberg has talked openly about the need for more “efficiency” in the months since. He dubbed 2023 as Meta’s “year of efficiency,” and said he wants to create a “flatter” management structure at the company. “I continue to believe that slowing hiring, flattening our management structure, increasing the percent of our company that is technical and more rigorously prioritizing projects will improve the speed and quality of our work,” he said during the company’s most recent earnings call.

The conclusion of the latest round of layoffs brings the total number of workers Meta has cut to about 21,000 since last November. Though Meta’s layoffs have been among the highest in the industry, it’s far from the only tech company shedding jobs over the last several months. Amazon, Google, Microsoft and dozens of others have dramatically shrunk their workforce since the start of the year.

The tech industry is reeling from the combination of a rough economy, the COVID-19 pandemic and some obvious business missteps. And while that led to job cuts in 2022, the headcount reductions have unfortunately ramped up in 2023. It can be tough to keep track of these moves, so we’ve compiled all the major layoffs in one place and will continue to update this story as the situation evolves.

April

Dado Ruvic / reuters

Lyft layoffs

Lyft laid off 13 percent of staff in November 2022, but took further steps in April. The ridesharing company said it was laying off 1,072 workers, or about 26 percent of its headcount. It comes just weeks after an executive shuffle that replaced CEO Logan Green with former Amazon exec David Risher, who said the company needed to streamline its business and refocus on drivers and passengers. Green previously said Lyft needed to boost its spending to compete with Uber.

Dropbox layoffs

Cloud storage companies aren't immune to the current financial climate. In April, Dropbox said it would lay off 500 employees, or roughly 16 percent of its team. Co-founder Drew Houston pinned the cuts on the combination of a rough economy, a maturing business and the "urgency" to hop on the growing interest in AI. While the company is profitable, its growth is slowing and some investments are "no longer sustainable," Houston said. 

March

Roku layoffs

Roku shed 200 jobs at the end of 2022, but it wasn't done. The streaming platform creator laid off another 200 employees in March 2023. As before, the company argued that it needed to curb growing expenses and concentrate on those projects that would have the most impact. Roku has been struggling with the one-two combination of a rough economy and the end of a pandemic-fueled boom in streaming video.

Lucid Motors layoffs

If you thought luxury EV makers would be particularly susceptible to economic turmoil, you guessed correctly. Lucid Motors said in March that it would lay off 18 percent of its workforce, or about 1,300 people. The marque is still falling short of production targets, and these cuts reportedly help deal with "evolving business needs and productivity improvements." The cuts are across the board, too, and include both executives as well as contractors.

Meta (Facebook) layoffs

Meta slashed 11,000 jobs in fall 2022, but it wasn't finished. In March 2023, the company unveiled plans to lay off another 10,000 workers in a further bid to cut costs. The first layoffs will affect its recruiting team, but it plans to shrink its technology teams in late April and its business groups in late May. The Facebook owner is hoping to streamline its operations by reducing management layers and asking some leaders to take on work previously reserved for the rank and file. It may take a while before Meta's staff count grows again — it doesn't expect to lift a hiring freeze until sometime after it completes its restructuring effort in late 2023.

February

Rivian layoffs

Rivian conducted layoffs in 2022, but that wasn't enough to help the fledgling EV brand's bottom line. The company laid off another six percent of its employees in February, or about 840 workers. It's still fighting to achieve profitability, and the production shortfall from supply chain issues hasn't helped matters. CEO RJ Scaringe says the job cuts will help Rivian focus on the "highest impact" aspects of its business.

Zoom layoffs

Zoom was a staple of remote work culture at the pandemic's peak, so it's no surprise that the company is cutting back now that people are returning to offices. The video calling firm said in February it was laying off roughly 1,300 employees, or 15 percent of its personnel. As CEO Eric Yuan put it, the company didn't hire "sustainably" as it dealt with its sudden success. The layoffs are reportedly necessary to help survive a difficult economy. The management team is offering more than just apologies, too. Yuan is cutting his salary by 98 percent for the next fiscal year, while all other executives are losing 20 percent of their base salaries as well as their fiscal 2023 bonuses.

Yahoo layoffs

Engadget's parent company Yahoo isn't immune to layoffs. The internet brand said in February that it would lay off over 20 percent of its workforce throughout 2023, or more than 1,600 people. Most of those cuts, or about 1,000 positions, took place immediately. CEO Jim Lanzone didn't blame the layoffs on economic conditions, however. He instead pitched it as a restructuring of the advertising technology unit as it shed an unprofitable business in favor of a successful one. Effectively, Yahoo is bowing out of direct competition in with Google and Meta in the ad market.

Dell layoffs

The pandemic recovery and a grim economy have hit PC makers particularly hard, and Dell is feeling the pain more than most. It laid off five percent of its workforce in early February, or about 6,650 employees, after a brutal fourth quarter where computer shipments plunged an estimated 37 percent. Past cost-cutting efforts weren't enough, Dell said — the layoffs and a streamlined organization were reportedly needed to get back on track.

Deliveroo layoffs

Food delivery services flourished while COVID-19 kept people away from restaurants, and at least some are feeling the sting now that people are willing to dine out again. Deliveroo is laying off about 350 workers, or nine percent of its workforce. "Redeployments" will bring this closer to 300, according to founder Will Shu. The justification is familiar: Deliveroo hired rapidly to handle "unprecedented" pandemic-related growth, according to Shu, but reportedly has to cut costs as it deals with a troublesome economy.

DocuSign layoffs

DocuSign may be familiar to many people who've signed documents online, but that hasn't spared it from the impact of a harsh economic climate. The company said in mid-February that it was laying off 10 percent of its workforce. While it didn't disclose how many people that represented, the company had 7,461 employees at the start of 2022. Most of those losing their jobs work in DocuSign's worldwide field organization.

GitLab layoffs

You may not know GitLab, but its DevOps (development and operations) platform underpins work at tech brands like NVIDIA and T-Mobile — and shrinking business at its clients is affecting its bottom line. GitLab is laying off seven percent of employees, or roughly 114 people. Company chief Sid Sijbrandij said the problematic economy meant customers were taking a "more conservative approach" to software investment, and that his company's previous attempts to refocus spending weren't enough to counter these challenges.

GoDaddy layoffs

GoDaddy conducted layoffs early in the pandemic, when it cut over 800 workers for its retail-oriented Social platform. In February this year, however, it took broader action. The web service provider laid off eight percent of its workforce, or more than 500 people, across all divisions. Chief Aman Bhutani claimed other forms of cost-cutting hadn't been enough to help the company navigate an "uncertain" economy, and that this reflected efforts to further integrate acquisitions like Main Street Hub.

Twilio layoffs

Twilio eliminated over 800 jobs in September 2022, but it made deeper cuts as 2023 got started. The cloud communications brand laid off 17 percent of staff, or roughly 1,500 people, in mid-February. Like so many other tech firms, Twillio said that past cost reduction efforts weren't enough to endure an unforgiving environment. It also rationalized the layoffs as necessary for a streamlined organization.

January

REUTERS/Peter DaSilva

Google (Alphabet) layoffs

Google's parent company Alphabet has been cutting costs for a while, including shutting down Stadia, but it took those efforts one step further in late January when it said it would lay off 12,000 employees. CEO Sundar Pichai wasn't shy about the reasoning: Alphabet had been hiring for a "different economic reality," and was restructuring to focus on the internet giant's most important businesses. The decision hit the company's Area 120 incubator particularly hard, with the majority of the unit's workers losing their jobs. Sub-brands like Intrinsic (robotics) and Verily (health) also shed significant portions of their workforce in the days before the mass layoffs. Waymo has conducted two rounds of layoffs that shed 209 people, or eight percent of its force.

Amazon layoffs

Amazon had already outlined layoff plans last fall, but expanded those cuts in early January when it said it would eliminate 18,000 jobs, most of them coming from retail and recruiting teams. It added another 9,000 people to the layoffs in March, and in April said over 100 gaming employees were leaving. To no one's surprise, CEO Andy Jassy blamed both an "uncertain economy" and rapid hiring in recent years. Amazon benefited tremendously from the pandemic as people shifted to online shopping, but its growth is slowing as people return to in-person stores.

Coinbase layoffs

Coinbase was one of the larger companies impacted by the crypto market's 2022 downturn, and that carried over into the new year. The cryptocurrency exchange laid off 950 people in mid-January, just months after it slashed 1,100 roles. This is one of the steepest proportionate cuts among larger tech brands — Coinbase offloaded about a fifth of its staff. Chief Brian Armstrong said his outfit needed the layoffs to shrink operating expenses and survive what he previously described as a "crypto winter," but that also meant canceling some projects that were less likely to succeed.

IBM layoffs

Layoffs sometimes stem more from corporate strategy shifts than financial hardship, and IBM provided a classic example of this in 2023. The computing pioneer axed 3,900 jobs in late January after offloading both its AI-driven Watson Health business and its infrastructure management division (now Kyndryl) in the fall. Simply put, those employees had nothing to work on as IBM pivoted toward cloud computing.

Microsoft layoffs

Microsoft started its second-largest wave of layoffs in company history when it signaled it would cut 10,000 jobs between mid-January and the end of March. Like many other tech heavyweights, it was trimming costs as customers scaled back their spending (particularly on Windows and devices) during the pandemic recovery. The reductions were especially painful for some divisions — they reportedly gutted the HoloLens and mixed reality teams, while 343 Industries is believed to be rebooting Halo development after losing dozens of workers. GitHub is cutting 10 percent of its team, or roughly 300 people.

PayPal layoffs

PayPal has been one of the healthier large tech companies, having beaten expectations in its third quarter last year. Still, it hasn't been immune to a tough economy. The online payment firm unveiled plans at the end of January to lay off 2,000 employees, or seven percent of its total worker base. CEO Dan Schulman claimed the downsizing would keep costs in check and help PayPal focus on "core strategic priorities."

Salesforce layoffs

Salesforce set the tone for 2023 when it warned it would lay off 8,000 employees, or about 10 percent of its workforce, just four days into the new year. While the cloud software brand thrived during the pandemic with rapidly growing revenue, it admitted that it hired too aggressively during the boom and couldn't maintain that staffing level while the economy was in decline.

SAP layoffs

Business software powerhouse SAP saw a steep 68 percent drop in profit at the end of 2022, and it started 2023 by laying off 2,800 staff to keep its business healthy. Unlike some big names in tech, though, SAP didn't blame excessive pandemic-era hiring for the cutback. Instead, it characterized the initiative as a "targeted restructuring" for a company that still expected accelerating growth in 2023.

Spotify layoffs

Spotify spent aggressively in recent years as it expanded its podcast empire, but it quickly put a stop to that practice as 2023 began. The streaming music service said in late January that it would lay off 6 percent of its workforce (9,800 people worked at Spotify as of the third quarter) alongside a restructuring effort that included the departure of content chief Dawn Ostroff. While there were more Premium subscribers than ever in 2022, the company also suffered steep losses — CEO Daniel Ek said he was "too ambitious" investing before the revenue existed to support it.

Wayfair layoffs

Amazon isn't the only major online retailer scaling back in 2023. Wayfair said in late January that it would lay off 1,750 team members, or 10 percent of its global headcount. About 1,200 of those were corporate staff cut in a bid to "eliminate management layers" and otherwise help the company become leaner and nimbler. Wayfair had been cutting costs since August 2022 (including 870 positions), but saw the layoffs as helping it reach break-even earnings sooner than expected.

Roku isn't done cutting jobs in a bid to turn its fortunes around. The streaming company has warned that it will lay off another 200 workers, or about six percent of its current headcount. It also plans to either close or sublease offices that aren't in active use. The layoffs will help the firm limit its expenses and focus on projects that will have a "higher return on investment," Roku says.

The device and platform creator expects to pay between $30 million and $35 million to handle the layoffs and building closures. Most of those costs should be paid in the first quarter, or by the end of this month. The layoffs should be finished by the end of Roku's second quarter, or June.

In November, Roku said it would eliminate 200 jobs in response to rough "economic conditions." It expected a year-over-year drop in revenue, and had already been struggling with slowing revenue growth in the second half of 2022. Like fellow internet video rivals Disney and Netflix, Roku is grappling with the combination of a looming recession and the end of a pandemic-era boom that kept many people at home watching TV. The company wasn't helped by the failure of Silicon Valley Bank earlier this month — it said it could have lost over 25 percent of its cash if regulators hadn't stepped in to protect deposits.

Roku is far from the only large tech company laying off staff this year. Alphabet, Amazon, Meta and Microsoft have all slashed their workforces, among numerous others. However, Roku's reductions come at a pivotal moment. It just released its first self-made TVs, and it's facing stiff competition in hardware and services from the likes of Amazon, Apple and Google. Roku is under pressure to invest heavily in its technology to keep up with its frequently wealthy challengers.

WhatsApp has come to an agreement with the European Union following the controversy over its early 2021 privacy policy change. After discussions with the European Commission and EU consumer protection regulators, WhatsApp will make it easier for users to reject updates to the terms of service. The Meta-owned brand will also "clearly explain" when rejecting those terms will limit use of services, the Commission says. People can also dismiss notifications about these updates, and delay reviewing those updates.

The company further confirmed that it's not sharing personal data with other Meta brands, including Facebook, for the sake of advertising. It also isn't sharing that data with third-parties, the Commission says.

WhatsApp sparked an outcry at the start of 2021 when it asked users to share data like connection info and transactions with sibling brands like Facebook as part of its new privacy policy. While little changed for users, some interpreted this as a sign WhatsApp was sharing messages and calls with Facebook. That prompted a mass exodus to competing secure messaging services like Signal and Telegram. WhatsApp tried to reassure users that it couldn't access the end-to-end encrypted conversations, but the backlash led the company to pause the policy rollout. When it did reintroduce the new terms, it added clarifications but warned that the service would gradually stop working unless users agreed to the terms.

The European Commission got involved in January last year, when it responded to unfair practice allegations by asking WhatsApp to better explain how it uses people's data. Last June, it also asked WhatsApp to more clearly explain its business model and whether or not it profited from personal data.

We've asked Meta for comment. The Commission's Consumer Protection Cooperation Network plans to "actively monitor" WhatsApp's application of these promises with future policy updates. Any violations could prompt fines and other penalties. The chat giant also isn't the only one facing scrutiny. The Commission says it's continuing to look for "dark patterns," or attempts to unfairly push users into accepting subscriptions, policy changes or other unwanted features. Don't be surprised if there are more agreements like WhatsApp's in the near future.

Tesla has quietly raised the price of its best-selling Model Y crossover. As of Saturday, the automaker’s US website lists the Long Range and Performance models at $54,990 and $57,990, respectively. For the former, that represents a $2,000 increase from the all-time low it hit when Tesla dramatically cut prices in the middle of January. As for the Performance variant, it’s currently $1,000 more than it was after last month’s price adjustment.

As The Wall Street Journal notes, the price hikes come after the Biden administration this past Friday modified eligibility criteria related to the $7,500 federal tax credit to treat more vehicles as SUVs rather than sedans. Before the change, it was possible to get the full $7,500 Inflation Reduction Act incentive on the five-seat Model Y, but you had to configure the vehicle in a way so that it fell under the $55,000 sedan threshold. Now, all Model Y variants, including the Performance model, fall under the $80,000 SUV ceiling.

The automaker did not say if it increased Model Y pricing in response to Friday’s announcement. Following the January price cut, Tesla CFO Zach Kirkhorn said the move was partly an effort to ensure more of the company's cars fell under the $55,000 threshold. With the Model Y now comfortably under the $80,000 limit, Tesla has more freedom to price the vehicle as it sees fit.

The tech industry is reeling from the combination of a rough economy, the COVID-19 pandemic, and not to mention some obvious business missteps. And while that led to job cuts in 2022, the headcount reductions have unfortunately ramped up in 2023. It can be tough to keep track of these moves, so we’ve compiled all the major layoffs in one place and will update as the situation evolves.

Amazon layoffs

Alejandro Martinez Velez/Europa Press via Getty Images

Amazon had already outlined layoff plans last fall, but expanded those cuts in early January when it said it would eliminate 18,000 jobs, most of them coming from retail and recruiting teams. To no one's surprise, CEO Andy Jassy blamed both an "uncertain economy" and rapid hiring in recent years. Amazon benefited tremendously from the pandemic as people shifted to online shopping, but its growth is slowing as people return to in-person stores.

Coinbase layoffs

REUTERS/Dado Ruvic

Coinbase was one of the larger companies impacted by the crypto market's 2022 downturn, and that carried over into the new year. The cryptocurrency exchange laid off 950 people in mid-January, just months after it slashed 1,100 roles. This is one of the steepest proportionate cuts among larger tech brands — Coinbase offloaded about a fifth of its staff. Chief Brian Armstrong said his outfit needed the layoffs to shrink operating expenses and survive what he previously described as a "crypto winter," but that also meant canceling some projects that were less likely to succeed.

Google (Alphabet) layoffs

REUTERS/Peter DaSilva

Google's parent company Alphabet has been cutting costs for a while, including shutting down Stadia, but it took those efforts one step further in late January when it said it would lay off 12,000 employees. CEO Sundar Pichai wasn't shy about the reasoning: Alphabet had been hiring for a "different economic reality," and was restructuring to focus on the internet giant's most important businesses. The decision hit the company's Area 120 incubator particularly hard, with the majority of the unit's workers losing their jobs. Sub-brands like Intrinsic (robotics) and Verily (health) also shed significant portions of their workforce in the days before the mass layoffs.

IBM layoffs

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Layoffs sometimes stem more from corporate strategy shifts than financial hardship, and IBM provided a classic example of this in 2023. The computing pioneer axed 3,900 jobs in late January after offloading both its AI-driven Watson Health business and its infrastructure management division (now Kyndryl) in the fall. Simply put, those employees had nothing to work on as IBM pivoted toward cloud computing.

Microsoft layoffs

REUTERS/Matt Mills McKnight

Microsoft started its second-largest wave of layoffs in company history when it signaled it would cut 10,000 jobs between mid-January and the end of March. Like many other tech heavyweights, it was trimming costs as customers scaled back their spending (particularly on Windows and devices) during the pandemic recovery. The reductions were especially painful for some divisions — they reportedly gutted the HoloLens and mixed reality teams, while 343 Industries is believed to be rebooting Halo development after losing dozens of workers.

PayPal layoffs

Justin Sullivan/Getty Images

PayPal has been one of the healthier large tech companies, having beaten expectations in its third quarter last year. Still, it hasn't been immune to a tough economy. The online payment firm unveiled plans at the end of January to lay off 2,000 employees, or seven percent of its total worker base. CEO Dan Schulman claimed the downsizing would keep costs in check and help PayPal focus on "core strategic priorities."

Salesforce layoffs

Stephen Lam/Getty Images)

Salesforce set the tone for 2023 when it warned it would lay off 8,000 employees, or about 10 percent of its workforce, just four days into the new year. While the cloud software brand thrived during the pandemic with rapidly growing revenue, it admitted that it hired too aggressively during the boom and couldn't maintain that staffing level while the economy was in decline.

SAP layoffs

REUTERS/Ralph Orlowski

Business software powerhouse SAP saw a steep 68 percent drop in profit at the end of 2022, and it started 2023 by laying off 2,800 staff to keep its business healthy. Unlike some big names in tech, though, SAP didn't blame excessive pandemic-era hiring for the cutback. Instead, it characterized the initiative as a "targeted restructuring" for a company that still expected accelerating growth in 2023.

Spotify layoffs

Eduardo MunozAlvarez/VIEWpress via Getty Images

Spotify spent aggressively in recent years as it expanded its podcast empire, but it quickly put a stop to that practice as 2023 began. The streaming music service said in late January that it would lay off 6 percent of its workforce (9,800 people worked at Spotify as of the third quarter) alongside a restructuring effort that included the departure of content chief Dawn Ostroff. While there were more Premium subscribers than ever in 2022, the company also suffered steep losses — CEO Daniel Ek said he was "too ambitious" investing before the revenue existed to support it.

Wayfair layoffs

Suzanne Kreiter/The Boston Globe via Getty Images

Amazon isn't the only major online retailer scaling back in 2023. Wayfair said in late January that it would lay off 1,750 team members, or 10 percent of its global headcount. About 1,200 of those were corporate staff cut in a bid to "eliminate management layers" and otherwise help the company become leaner and nimbler. Wayfair had been cutting costs since August 2022 (including 870 positions), but saw the layoffs as helping it reach break-even earnings sooner than expected.