## Tech Layoff Wave Continues### Rising Impact in Late 2022 and 2023The tech industry faced a significant wave of layoffs throughout 2022 and 2023. According to Layoffs.fyi, an independent layoff tracking platform, more than 150,000 job cuts occurred across 542 companies in 2024 alone. Major corporations such as Tesla, Amazon, Google, TikTok, Snap, and Microsoft conducted substantial layoffs, while smaller startups also experienced cuts or even shut down operations entirely.### Ongoing Monitoring and Future TrendsWe continue to track the layoffs within the tech industry for 2025 to provide insights into the trajectory of workforce reduction. Later this year, we will organize our 2024 and 2025 lists to enhance the accessibility of these trends.### Importance of Layoff DataBy closely examining these layoffs, we gain valuable insights into the following:- Potential impact on innovation across companies of all sizes.- Implications of businesses adopting AI and automation, potentially replacing previously secure roles.- Human impact of layoffs and the consequences for affected employees.### Latest Layoffs as of January 2025This comprehensive list outlines all known layoffs in the tech industry during January 2025:* **Meta** * Announced a planned reduction of 5% of its workforce, targeting "low performers" amid preparations for an "intense year." As of its most recent quarterly report, Meta employs over 72,000 individuals.* **Wayfair** * Will eliminate up to 730 jobs, affecting 3% of its total workforce. This is part of its decision to exit operations in Germany and focus on physical retailers.* **Pandion** * Has ceased operations, resulting in the layoff of 63 employees. Despite paying employees through January 15, the delivery startup offered no severance packages.* **Icon** * Is laying off 114 employees as part of a team realignment, shifting its efforts towards a robotic printing system, according to a WARN notice.* **Altruist** * Eliminated 37 jobs, impacting approximately 10% of its total workforce. The cuts come even as the company actively pursues "aggressive" hiring.* **Aqua Security** * Is eliminating several dozen employees across its global markets as part of a strategic reorganization aimed at increasing profitability.* **SolarEdge Technologies** * Plans to lay off 400 employees globally. This is the company's fourth round of layoffs in less than a year, reflecting ongoing downturn within the solar industry.* **Level** * The fintech startup, founded in 2018, abruptly shut down earlier this year. According to an email from CEO Paul Aaron, the closure followed an unsuccessful attempt to find a buyer, though Employer.com currently has a new offer under consideration to acquire the company post-shutdown.### December 2024 Layoffs* **Brave Care** * Has permanently ceased operations, according to a post on its website. The number of affected workers is currently unknown.* **Epicery** * Has discontinued operations due to "economic and financial challenges" that the food delivery startup could not overcome.* **Bench** * Abruptly shut down but was later acquired by Employer.com for an undisclosed price in a last-minute deal. The number of affected employees from the accounting startup's team of 600 is still undetermined.* **Lilium** * Ceased operations and laid off approximately 1,000 workers. However, the company may be salvaged; Lilium announced that a consortium of investors has agreed to acquire two subsidiaries, allowing it to restructure and potentially exit insolvency.* **Boston Dynamics** * Has laid off 45 employees, representing 5% of its total workforce. A spokesperson told The Boston Globe that the cuts impacted "nearly every function throughout the business."* **OfferUp** * Is cutting 22% of its workforce as it attempts to expand into new product lines. The total number of workers affected is not currently known.* **Canoo** * Is undergoing another round of layoffs, just two months after the EV startup relocated employees to Texas to avoid bankruptcy. More than 20 employees were included in these latest cuts.* **Foundry** * Eliminated 27% of its workforce. The cuts include 16% of its U.S.-based employees, as well as a "small team in India," resulting in a total of 74 affected workers.* **Calendly** * Laid off 70 employees, approximately 13% of its workforce. The cuts impacted teams in engineering, customer experience, marketing, and billing.* **Yahoo** * Laid off around 25% of its cybersecurity team – known as The Paranoids – over the past year, TechCrunch has learned. Between 40 to 50 employees out of a total staff of 200 are affected by these cuts.* **Bluevine** * Is cutting 100 employees, impacting its global workforce by nearly 18%. This is the fintech company's second round of layoffs in the past six months.* **EasyKnock** * Has abruptly shut down. The news follows several lawsuits filed against the proptech company and an FTC consumer alert highlighting its controversial sale-leaseback models.* **Carousell** * Eliminated 76 roles in a reorganization effort. The cuts account for approximately 7% of the Singapore-based company's total headcount.* **Mixtroz** * Is ceasing its operations, as announced by co-founders Kerry Schrader and Ashlee Ammons Halpin.* **Stash** * Reportedly laid off 40% of its approximately 220-person workforce in a major restructuring effort following the departure of CEO Liza Landsman in September. The exact number of affected employees is unknown.* **Booking Holdings** * Has laid off 60 employees in one of its B2B units as the company shifts its focus towards AI.* **Lightspeed Commerce** * Will lay off roughly 200 employees as part of a "strategic review" of its business, while simultaneously exploring a potential sale. The company had already cut 280 workers in April as part of restructuring efforts.### November 2024 Layoffs* **AlphaSense** * Laid off 150 employees, impacting 8% of its