Tech Giants’ Mass Layoffs in 2023: A Closer Look

The tech industry has had a rough time over the past couple of years due to a struggling economy, the COVID-19 pandemic, and other business challenges. This has unfortunately led to numerous job cuts, with layoffs ramping up in 2023. Here’s an ongoing list of major layoffs that have taken place.

In November, Ubisoft Montreal laid off 98 people, while Cruise, General Motors’ driverless car subsidiary, also reportedly planned layoffs following a pedestrian collision involving its robotaxis. Snap laid off 20 product managers to streamline decision making.

In October, LinkedIn let go of 668 workers across various teams, and Epic Games laid off 830 employees. Roku began its second round of layoffs by cutting 300 jobs, on top of 200 layoffs earlier in 2022.

In July, Google’s contracting partner Accenture laid off 80 Help subcontractors who had voted to form a union. CD Projekt Red announced plans to lay off 100 people, and Spotify cut 200 jobs in its podcast unit. GrubHub, Embracer Group, Sonos, Plex, and Polestar also announced layoffs in July.

In May, Shopify laid off 20% of its workforce and sold its logistics business to Flexport. Polestar, SoundCloud, and Lyft also announced layoffs.

In April, Dropbox laid off 500 employees, and Roku announced another round of layoffs, cutting 200 jobs. Luxury EV maker Lucid Motors said it would lay off 18% of its workforce, and Meta (formerly Facebook) unveiled plans to lay off 10,000 workers.

These layoffs reflect a trend in the tech industry as companies try to navigate a challenging business environment and cut costs to remain competitive.