Tech layoffs are hitting companies that are doing just fine

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Satya Nadella
Microsoft CEO Satya Nadella recorded an 8% bump in revenue but has opted to cut roles in its gaming division.

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Tech layoffs are way down from last year. Why does it feel so grim?

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Google employees at the company's Silicon Valley campus
Google employees at the company's Silicon Valley campus

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2024 has started with another wave of tech industry layoffs. This time, though, the cuts are way smaller.

Google will spend $700 million on severance this quarter

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CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022
In January 2023, Google laid off roughly 12,000 employees, or about 6% of its workforce.

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Tech layoffs are expected to continue as companies seek to hire more AI talent, analyst says

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illustration of robot pulling chair away from office worker
January saw a huge amount of tech workers laid off as companies shift their focus and spending to AI.

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Microsoft is laying off 1,900 workers at Activision, Xbox, and ZeniMax

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Microsoft logo and Activision Blizzard logo
The cuts will mostly impact Activision Blizzard employees, reports say.

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TECH'S JOB-CUTS JANUARY

Tech Insider : Economy, Economy
quitting worker looking sad while holding a box of belongings
The year is off to a bad start for many tech workers as the industry's mass layoffs continue in 2024.

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eBay is laying off 1,000 employees — about 9% of its workforce. Read the memo its CEO sent to staff.

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Jamie iannone sat on a chair with his legs crossed wearing a navy blue blazer, blue and white striped shirt and chinos
Jamie Iannone announced the layoffs in a memo on Tuesday

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Amazon layoffs: A timeline of the company's hiring freezes, restructuring efforts, and staff reductions into 2024

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Headshot of Andy Jassy in front of a blue background
Amazon CEO Andy Jassy.

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Google's efforts to shrink its workforce in Korea has hit a snag as some employees are refusing to go

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Google's logo displayed on a phone infant of a Korea flag
Around 100 Google workers in South Korea formed a union last year.

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Googlers are realizing layoffs are 'just business' — and they're starting to fight back

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Google CEO Sundar Pichai.
Google CEO Sundar Pichai.

NurPhoto/ Getty Images; Tyler Lee/ BI

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