US Startups And Tech Corporations With Job Cuts In 2022

After a banner 12 months for tech in 2021, layoffs are right here. Actually, as…

US Startups And Tech Corporations With Job Cuts In 2022

After a banner 12 months for tech in 2021, layoffs are right here. Actually, as of mid-November, greater than 73,000 staff within the U.S. tech sector have been laid off in mass job cuts thus far in 2022, in response to a Crunchbase Information tally.

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Tech corporations as large as Netflix have slashed jobs this 12 months, with some citing the results of the COVID-19 pandemic and others pointing to overhiring in periods of fast development. Robinhood, Glossier and Higher are only a few of the tech corporations which have notably trimmed their headcount in 2022.

To maintain tabs, we’ve compiled an inventory of U.S.-based tech corporations which have laid off staff thus far this 12 months. 

After an onslaught of layoffs in late October that spilled into November, corporations like Roku, Cisco and Asana laid off staff this week.

Most just lately up to date: Nov. 18, 2022.

The general public markets have been hit laborious in 2022, and that’s trickled all the way down to the personal markets. Inflation considerations, rising rates of interest and geopolitical points have all contributed to a roller-coaster inventory market.

Startups — particularly those who benefited from a pandemic growth that’s beginning to cool — are feeling the strain too. Valuations, notably on the late stage, have began to dip, and startups say it’s rather more troublesome to lift new funding on this setting.

Methodology

We’ve included each startups and publicly traded corporations which can be primarily based within the U.S. We’ve additionally included corporations primarily based elsewhere which have a large workforce in the USA, corresponding to Klarna, even when it’s unclear how a lot of the U.S. workforce has been affected by layoffs.

We supply the layoffs from media reviews, social media posts and layoffs.fyi, a crowdsourced database of tech layoffs. 

Are we lacking one thing?

Our hope is that this database shall be as complete as doable, so if we’ve missed any corporations or if your organization goes via layoffs, please tell us by filling out this manner.

This layoff tracker shall be up to date at the very least weekly, if no more regularly.

Associated studying:

Illustration: Dom Guzman


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