Job losses across the tech sector have nearly reached 100,000 year to date, according to the tracker layoffs.fyi
While the rate of layoffs in the global tech sector is not as rampant as it was last year, it is outpacing layoff rates from 2022.
More than 340 tech companies have laid off a total of 99,672 employees since January 1. More than 260,000 tech positions were terminated throughout 2023, while 165,269 were cut in 2022.
Seeking Alpha has compiled a list of some of the notable public tech companies that have reduced the number of employees this year.
TikTok winds down positions
ByteDance (BDNCE), owner of the social media app sensation TikTok, has reportedly slashed it global work force by nearly 2,000 over the past quarter. Earlier this month, it reduced its Indonesian employee count by 450.
This followed a report in May the China-based company planned to reduce the number of employees working in TikTok’s global user operations, content and marketing teams by 1,000. TikTok also laid off 250 to 300 employees in Ireland in April.
Microsoft cloud cuts
Earlier this month, a report emerged of Microsoft (NASDAQ:MSFT) planning to cut as many as 1,500 employees working in its Azure cloud division.
Apple slices 600 employees
In its first major round of layoffs since the Covid pandemic, Apple (NASDAQ:AAPL) laid off 614 employees across eight offices in Santa Clara. This followed the Cupertino-based company’s decision to kibosh its car and smartwatch display projects.
Meta reduces VPs
A report from earlier this month indicated Meta (NASDAQ:META) CEO Mark Zuckerberg plans to reduce the number of vice president positions in the company from 300 to 250.
Game over for some EA, Sony employees
The video game industry announced several massive layoffs earlier in the year in what has become an increasingly volatile sector.
Sony (SONY) said in late February it was laying off about 900 employees in its PlayStation division.
“After careful consideration and many leadership discussions over several months, it has become clear changes need to be made to continue to grow the business and develop the company,” said former PlayStation CEO Jim Ryan.
Ryan retired from the position about three months later.
Also in late February, Electronic Arts (EA) eliminated 5% of its workforce, which equates to about 670 positions.
“We are also sunsetting games and moving away from development of future licensed IP that we do not believe will be successful in our changing industry,” CEO Andrew Wilson wrote in a memo to employees.
These cuts came about one month after Microsoft (MSFT) zapped 1,900 employees in its Activision Blizzard and Xbox divisions. This followed Tencent (OTCPK:TCEHY)(OTCPK:TCTZF) reducing its workforce by 530 employees and Unity Software (U) culling 1,800 workers.
A breakdown of additional notable tech layoffs from early this year can be found here.
