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Chart: All the Major Tech Layoffs in 2024 So Far

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See this visualization first on the Voronoi app.

A bar chart showing the number of employees laid off at major tech companies as tech layoffs continue in January 2024.

Charted: All the Major Tech Layoffs in 2024 So Far

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Layoffs tend to pick up in January as companies look to restructure, reorganize, and re-prioritize based on their forecast for the new year.

For the tech industry that has seen quite a bit of upheaval in the last two years, 2024 seems to be a continuation of a mix of earlier factors at play.

We visualize some of the bigger layoffs in the year so far, from video game software provider Unity to big tech bastion Google. Data is sourced from Layoffs.fyi, an aggregator that has been collecting tech layoff news since 2020.

Only those companies with a specified number of employees let go have been included in our list.

List of Companies That Have Cut Jobs in 2024

While the big tech companies tend to take up the headlines, there’s quite a bit of churn in the broader space at the moment.

For example, Milwaukee-based short-term rental company FrontDesk did not herald the new year with any joy: the entire 200-strong staff was laid off on the second day of 2024. The current macroeconomic environment is not friendly to companies with large upfront capital costs, as seen with the WeWork saga last year.

Here’s the full list of tech and tech-adjacent companies that have announced job cuts since the beginning of the month.

2024CompanyJobs Cut% of Company
Employees
Industry
Jan 02The Messenger24N/AMedia
Jan 02FrontDesk200100%Travel
Jan 03Orca Security6015%Security
Jan 03Lazada Group10030%Retail
Jan 04Trigo3015%Retail
Jan 05Cue Health94N/AHealthcare
Jan 06NanoString Tech509%Healthcare
Jan 08BenchSci7017%Healthcare
Jan 08Pitch8067%Other
Jan 08Flexe9938%Logistics
Jan 08NuScale Power15428%Energy
Jan 08Flipkart1,1005%Retail
Jan 08Unity1,80025%Other
Jan 09Humane104%Hardware
Jan 09Rent the Runway3710%Retail
Jan 09Uber Freight40N/ALogistics
Jan 09Nevro635%Healthcare
Jan 09Branch85N/AFinance
Jan 09Twitch50035%Consumer
Jan 10Instagram60N/AConsumer
Jan 10BeamBenefits74N/AHealthcare
Jan 10IAC330N/AConsumer
Jan 10Google1,0000.5%Consumer
Jan 11Sisense6013%Data
Jan 11Audible1005%Media
Jan 11Inmobi1255%Marketing
Jan 11Discord17017%Consumer
Jan 11Playtika30010%Consumer
Jan 11New Work SE400N/AConsumer
Jan 12GrabCAD13N/AOther
Jan 12Veeam300N/AData
Jan 16First Mode4820%Transport
Jan 16SonderMind4917%Healthcare
Jan 16Sirplus60N/AFood
Jan 16YouTube1005%Media
Jan 18Amazon30N/ARetail
Jan 19Wayfair1,65013%Retail
Jan 21SolarEdge90016%Energy
Jan 22Riot Games53011%Consumer
Jan 22TikTok60N/AConsumer
Jan 23Brex 28220%Finance
Jan 23Vroom80080%Transport

Note: The N/A label denotes missing information from the source on the percentage of the workforce cut. Data current up to January 23th, 2024.

Layoff season really began to gather steam by the start of the second week of January when video game software developer Unity cut a staggering one-fourth of their workforce, amounting to 1,800 employees.

A day later, streaming platform Twitch (owned by Amazon) fired 500 employees, or about 35% of their workforce.

Between January 10–11th, a flurry of similar announcements:

  • Voice, video, and text app Discord cut 170 jobs, 17% of their employee pool.
  • Amazon-owned Audible let go of 100 employees. In fact, the e-commerce giant announced that “several hundreds” of employees in Prime Video and its studios division were also let go.
  • Two other layoff announcements from the Big Tech space: Google let go of 1,000 employees across several divisions (hardware, advertising, search, maps) and Meta-owned Instagram cut 60 jobs.

On the 16th, YouTube (also owned by Google) laid off 100 people, saying they had six months to apply to different roles within the company.

Will 2024 See As Many Tech Layoffs as 2023?

Last year was brutal for the tech sector with 1,186 companies laying off about 262,242 employees in 2023. January saw the brunt of it, with nearly 90,000 reported job cuts across companies like Google, Amazon, and Microsoft.

YearJanuary LayoffsTotal Layoffs
2022510164,969
202389,809262,242
2024 (YTD)10,96310,963

Note: Data current up to January 23th, 2024.

So far in 2024, in an extension of events from the last year, there are two factors at play, both rooted in the pandemic. The video game industry (and the larger tech industry) say they over-hired in 2020 and 2021 to ride the increase in digital activity after social-distancing rules went into effect around the world.

In the post-pandemic world however, companies now say they simply expanded too quickly. Discord’s CEO Jason Citron said the company grew its workforce 5x since 2020 and now needed to scale back to “sharpen focus” and “bring agility” to the organization.

Meanwhile, for the larger tech companies (Google, Amazon, and Meta) the rapid rise of AI is causing a shift in internal priorities. While still rectifying the pandemic over-hiring, the companies are also trimming down other projects as they attempt to catch up with rival Microsoft whose OpenAI still remains a market leader in the space.

“We have ambitious goals and will be investing in our big priorities this year. The reality is that to create the capacity for this investment, we have to make tough choices.” — Sundar Pichai, Google CEO.

Despite the tech layoffs so far in 2024, analysts are saying that this will not be a repeat of last year, even as more job cuts are expected in the coming months. In fact, AI-related roles might flourish, but at a smaller scale as tech companies chase efficiency for the new year.

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Can Data Centers Be Sources of Sustainable Heat?

Data centers produce a staggering amount of heat, but what if instead of treating it as waste, we could harness it instead?

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Diagram showing how waste heat from data centers could be recaptured and recycled to provide sustainable heat in residential and commercial settings.

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The following content is sponsored by HIVE Digital

Can Data Centers Be Sources of Sustainable Heat?

Data centers support the modern technologies on which we rely, but also generate incredible amounts of heat as waste. 

And since computers tend to be very sensitive to heat, operators go to great lengths (and expense) to get rid of it, even relocating to countries with lower year-round average temperatures. But what if instead of letting all that heat disappear into thin air, we could harness it instead?

In this visualization, we’ve teamed up with HIVE Digital to see how data centers are evolving to recapture and recycle that energy.

How Much Heat Does a Data Center Produce?

To get an idea how much heat we’re talking about, let’s imagine a mid-sized cryptocurrency operation with 1,000 of the most energy-efficient mining rigs on the market today, the Antminer S21 Hydro. One of these rigs needs 5,360 watts of power, which over a year adds up to 47 MWh.

Multiply that by 1,000 and you end up with over 160 billion BTU, which is enough energy to heat over 4,600 U.S. homes for a year, or if it happens to be Oscar season, enough heat to pop 463,803 metric tons of popcorn. Less if you want melted butter on it. 

How Waste Heat Recycling Works?

At a high level, waste heat is recaptured and transferred via heat exchangers to district heating networks, for example, where it can be used to provide sustainable heat. Cool air is then returned to the data center and the cycle begins again.

Liquid cooling is by far the most efficient means of recapturing and transporting heat, since water can hold roughly four times as much heat as air.

Data centers around the world are already recycling their waste heat to farm trout in Norway, heat research facilities in the U.S., and to heat swimming pools in France.

A Greener Future for Data Centers?

Waste heat recycling has so far been voluntary, led by operators looking to put their operations on a more sustainable footing, but new regulations could change that. 

Amsterdam and Haarlemmermeer in the Netherlands require all new data centers to explore recycling their waste heat. In Norway, they require it for all new data centers above 2 MW, while Denmark has taken a carrot approach, and developed tax cuts and financial incentives. And in late 2023, the EU Energy Efficiency Directive came into force, which will require data centers to recycle waste heat, or show that recovery is technically or economically infeasible. 

With Europe leading the way, could North America be very far behind?

HIVE Digital Provides Sustainable Heat

HIVE Digital is already recycling waste heat from its data center operations in Canada and Sweden. 

Their 30 MW data center in Lachute, Québec, is heating a 200,000 sq. ft. factory, while their 32 MW data center in Boden, Sweden, is heating a 90,000 sq. ft. greenhouse, helping to provide sustainably grown local produce, just one degree short of the Arctic Circle.

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Learn how HIVE Digital is helping to meet the demands of emerging technologies like AI, sustainably.

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