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|
|Robinhood||300||9%||Fintech||Private||All 300 people were laid off around the same time|
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 layoffs.fyi
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