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Notable 2022 Tech Layoffs

After a booming year for tech, layoffs are flowing in. As of mid-July, more than 28,000 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.

Company # of Layoffs  % of Workforce Impacted Industry Company Status Notes 
Microsoft Unsure  1-2% Enterprise Software Public Small percentage of role eliminations to accommodate structural changes in the organization
GoPuff 1,950 13% E-Commerce  Private Big round of layoffs in March, second wave in July 
SQream Technologies 30 18% Data Analytics Private Based in New York, but most of the layoffs were international according to CTech 
Netflix 450 4% Media/ Entertainment Public 1st round of layoffs in may around 150 employees. 2nd round in July affected nearly 300 
Redfin 470 6% PropTech Public NA
Vroom 270 14% Auto E-commerce Public NA
Robinhood 300 9% Fintech Private All 300 people were laid off around the same time


Market Impact

The public market has been taking a beating in 2022. Now, the private markets are getting infiltrated. Rising interest rates, geopolitical issues and inflation concerns have all contributed to the unstable stock market. Startups such as GoPuff which boomed during the peak of COVID-19 are starting to experience pressure from these difficult times of layoffs and uncertainty. 

*Data was sourced from media reports, Crunchbase, and

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