• Companies use "stealth firing" to quietly reduce staff without public layoffs.
• It involves dismissing employees for minor offenses to avoid public backlash.
• This tactic can harm company culture, leading to low morale and potential legal issues.

Some companies are opting for a new tactic in slimming down employee numbers — "stealth firing."

Meta let go around two dozen staff in October for using their $25 meal credits to buy other items, including laundry detergent and acne pads, while EY fired many more for "cheating" and taking multiple training courses at once.

The Financial Times, which first reported the EY firings, referred to these instances of being dismissed for minor offenses as "stealth firing."

Joe Galvin, the chief research officer at the executive coaching platform Vistage, told Business Insider that this sneaky sacking is "a "covert behind-the-scenes activity" that "violates the principle of respect for the individual."

A corporation might think: "I'm trying to downsize a little bit without saying I'm downsizing a little bit," Galvin said.

"So you go through this process that does nothing but break trust."

Short-term gain for long-term problems

Stealth firing leads from an era of "quiet firing," where companies methodically made employees' roles increasingly uncomfortable and less appealing, such as implementing strict return-to-office mandates.

This trend, along with the quietly agreed-upon severance packages of "silent layoffs," is a tactic to avoid the optics of publicly cutting dozens of staff.

Cynthia Patterson, the founder of the HR consultancy firm PeopleOps.how, who has 20 years of experience in HR across tech, AI, healthcare, and retail industries, told BI that while quietly trimming headcounts in these ways may work in the short term, they can cause serious issues for a workplace.

"Any short-term outcome is offset by the negative cultural impact," Patterson said. "Employees are left second-guessing their own value and stability, creating an environment of anxiety and mistrust."

A lack of trust and stability can lead to low morale, reduced productivity, and a stressed-out workforce.

"This dynamic mirrors the patterns of toxic and/or abusive work cultures, where fear and uncertainty are used — intentionally or not — as tools for behavioral control," Patterson said.

A shift in power

People are also perceptive, and employees who see their colleagues be shown the door for minor indiscretions will only make them wary and dissatisfied.

Patterson told BI companies who push people out in arbitrary ways are mistakenly viewing avoidance as kindness.

"Employee performance management is part of running a business," she said. "And it can't be skipped because it feels uncomfortable or inconvenient to the employer."

Stealth firing, Patterson said, simply exposes a company's inability or unwillingness to have honest, necessary conversations about performance — and "signals to employees that the organization doesn't have integrity."

Galvin told BI that companies willfully harming their reputations in this way may find they are the ones suffering and bleeding talent if an era of revenge quitting hits in 2025.

"The signs are pointing up toward a really strong 2025 — our community is energized, hiring's going back up again, investments are going up, expectations for profits and revenues are up," he said. "The power shifting."

Weigh up your options

It's always a smaller world than you think when it comes to work and looking for your next job, Ciara Harrington, the chief people officer of the leadership training platform Skillsoft, told BI.

"It's in the interest of everybody to keep good relationships," she said. "I don't think anybody really wants to leave a company on bad terms."

Sometimes, companies have to let their staff go, and the best thing for everyone is to do so with respect and honesty. That way, while the news isn't what the employees hope for, they still maintain a level of respect for the company.

The alternative is that employees post on public platforms such as LinkedIn, TikTok, Reddit, and job review sites about their negative experiences, such as how they felt undervalued and lied to.

Patterson said these stories could reach future employees, customers, investors, and even employment lawyers, opening up companies to potential legal disputes.

"Strong companies know their employees are human beings and deserve to be treated as such," Patterson said.

Galvin told BI that if there are signs that your company is looking to stealth fire you, it's time to start weighing your options.

Even if your employer isn't planning on firing you, if their communication is poor, and you feel unsafe, it's best to get out anyway.

"In the absence of a story, we create one," Galvin said. "If you sense that's happening to you, you either have the direct conversation with your manager or start looking for your next job."

Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned, […]

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Yahoo laid off around 25% of its cybersecurity team, known as The Paranoids, over the last year.

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• Calendly laid off around 70 employees in its engineering, customer experience, marketing, and billing teams.
• BI obtained a copy of CEO Tope Awotona's memo announcing the cuts to staff on Wednesday morning.
• Calendly previously laid off 60 employees in July 2023 and was valued at $3 billion in 2021.

Scheduling platform Calendly laid off around 70 employees — about 13% of its workforce — on Wednesday.

The CEO, Tope Awotona, emailed employees at 10 a.m. ET on Wednesday with the subject heading "Important Update: Team Changes and Reorganization."

Awotona said he had "some difficult news" and told workers that the company was carrying out "strategic reorganizations" across its engineering, customer experience, marketing, and billing departments and that "approximately 70" people would be impacted.

"These decisions are never easy, and I take full responsibility for the choices that have led us to this point," he wrote.

Awotona also said that those affected would receive a calendar invite for a meeting on Wednesday afternoon.

Two people familiar with the matter told Business Insider that there were 46 layoffs in the engineering team, 16 in the customer-experience team seven in marketing, and two in billing.

A screenshot shared with Business Insider by an employee shows that a companywide Slack channel had 466 members after the laid-off workers lost access to the company's system.

The startup, valued at $3 billion in 2021, previously laid off 60 people in July 2023, The Information reported at the time. It was founded by Awotona in 2013 and grew to have more than 20 million users, about half of which are outside the US.

The company has faced increasing competition from Big Tech. Both Google and Microsoft have rolled out features that let users share a link to their virtual calendars so others can book meetings with them.

Calendly did not immediately respond to a request for comment, made outside normal working hours.

This is Awotona's memo sent to employees, shared with BI by two employees:

Hi Team

I am reaching out this morning to share some difficult news. We've made the decision to do a series of strategic reorganizations across our Engineering, Customer Experience, Marketing and Billing teams. As part of the process, we are reducing these teams, which means we will be saying goodbye to approximately 70 of our talented teammates today. Our primary focus right now is ensuring we handle these transactions with the utmost care and respect.

If you role has been impacted, you will receive an email and calendar invite within the next 30 minutes to your personal email address from a People Team member inviting you to an indiviual meeting later today. Please note that your access to Calendly systems will be turned off shortly, and we've sent a copy of this email to your personal email address as well to ensure you have all the necessary information.

If your roles has NOT been impacted, you will not receive a separate email. During today's All Hands (3 PM ET/ Noon PT), we will share more details about these decisions, and leave time for a live Q&A at the end. Following the All Hands, department leaders will hold team-specific meetings (check your calendar for the exact times) to discuss how these changes affect your team and provide another opportunity to ask questions.

These decisions are never easy, and I take full responsibility for the choices that have led us to this point. To those leaving us today, please know that your hard work and dedication have been deeply valued, and we are incredibly grateful for your contributions to Calendly.

As a reminder, we ask that all team members continue to uphold their confidentiality agreements and adhere to Calendly's privacy policy.

Do you work for Calendly? Got a tip? Contact the reporter Jyoti Mann via the encrypted messaging app Signal at jyotimann.11 or via email at [email protected]. Reach out through a nonwork device.

After you're laid off, what comes next? For many tech workers, there's no easy answer. Following historic mass layoffs in 2023 and 2024, tech hiring has slowed and the job market looks increasingly bleak. Laid-off employees face an uncertain future.

For a road map on how to move on post-layoff, we spoke to former employees at Google, which cut 6% of its workforce nearly two years ago and has continued making cuts in 2024. Eight ex-Googlers impacted by those layoffs — including one who has since returned to the company — shared what it was like to lose what some considered their "dream job," how they found their footing in the aftermath, and their advice for others facing similar circumstances.

Many of the employees Business Insider spoke with said they were caught off guard by their layoff or that they expected only low performers to be impacted. Google said it provided impacted employees with outplacement support and invited them to apply for open roles across the company. Some interviewees told BI they found few openings.

Since their layoffs, these former Googlers' paths have varied. One ran for city council; another took a job at Trader Joe's. Some landed jobs at other Big Tech companies, and others launched their own ventures. While many reflected fondly on their time at Google and felt their layoff was a blessing in disguise, others expressed frustration toward Google's leadership.

Here are their stories, in their own words. Their quotes have been edited for length and clarity.

Jonea Gordon, 36, Philadelphia

Gordon is a lawyer by trade who worked at Meta prior to joining Google as a privacy program manager eight months before the 2023 layoffs.

I was at a coffee shop with my husband when a news alert popped up on his phone saying that Google was laying off 12,000 people that day. We'd both survived layoffs before — my husband works at Amazon and I'd been at Facebook prior to Google — so layoff news generally didn't startle us; we were used to it. I'm sure it's not me, I thought. But then I tried to log into my computer, and my password was rejected.

I very quickly recognized the silver lining of the opportunity. I had six months' severance. I'd never taken a break before — I'd been working like crazy since graduating from law school in 2012. I rested and spent more time with my kids. We took a family vacation. I started doing Pilates and got back into therapy. I used the time as a true sabbatical to reenergize myself for the next phase of my career.

After three months, I started applying for jobs. I turned down an offer from a consulting firm because that world didn't feel like the right fit for me. Some big law firms approached me, and I took a contract role at a firm while continuing my job search. I started a new role in data privacy at Cruise, a self-driving car company, the same week my Google severance ended, but a few months later I was laid off again.

I dove right back into the job search and have been at Amazon since December. So far, everything is good. People are very nice and welcoming here, and I love my team. I'm eight months pregnant and plan to take maternity leave, but I'll be back to work after that. I also launched a coaching business recently and will be producing a new podcast next year.

I have peace around how everything ended up. My advice to people is that if you are going into tech right now, you can't be someone who takes yourself extremely seriously. I have a huge sense of humor, and that gets me through a lot of things. Because my husband and I both work in tech, people assume that we must live large, but we don't. We share a Toyota and live with the knowledge that we are very fortunate to be in jobs we love, but it could all be gone tomorrow.

Lois (Kyongsook) Kim, 55, Seoul

Kim led Google's communications team in Korea for 12 years before moving to its Mountain View headquarters in 2019 to establish its international media team. She was the director of global communications prior to her 2023 layoff.

As a longtime Googler who'd been with the company through the financial crisis of 2007 and 2008, I felt like I was safe. At first, I thought the layoff email I received was a scam. As reality began to set in, I got really angry; I'd been so loyal to Google. I loved working there and felt so proud to be there. I went through the five stages of grief and wondered, Why me? I got depressed. I'd look at my empty calendar and feel rejected, like nobody wanted me.

I began to see how I could use my severance package as an opportunity. I decided to do a "gap year" and wrote out a list of things I'd always wanted to do: work at Trader Joe's, be a barista, work at In-N-Out Burger, drive for Lyft or Uber, pet sit, work as a bartender. It made me feel really rejuvenated.

That first weekend, I applied to Trader Joe's. But on my first day, I had trouble walking in the door. I'd been the director at a big company, was a two-time published author, and had been featured on a top Korean talk show; I thought people would look down on me because of the Asian cultural concept of "saving face." It was an internal barrier I had to break through, and I did. By May, I was working three jobs at the same time for up to 70 hours a week — Trader Joe's, Starbucks, and Lyft whenever I had time — plus pet-sitting on an ad hoc basis.

I decided to write a book about my experience to motivate other people in the same situation as me. Being laid off is painful — even more so in Korean culture because people don't talk about it. I wanted to be an example and say, "It's not your fault, and you can make full use of your time and then move on."

After 18 months, I ended up moving back to Korea to be the chief brand officer at Hanmi Group, a pharmaceutical company. Things have changed a lot in the five years I was away, but I'm using my experience from 30 years in international companies and learning a lot from local companies. I've also found my customer support and marketing experience at Trader Joe's and Starbucks to be helpful. I hope to retire in the US. Trader Joe's has a really good internal transfer system, so I'd love to work for two years in San Francisco, then in Idaho, then in Florida, and so on, so that I can explore the States while making money.

I miss a lot about Google, but more about the early days when it felt like a family. The company grew and grew, and we had to lose some parts and focus on efficiency.

I did a good job of quickly processing and moving on after my layoff. In hindsight, I wonder why I didn't take a break to travel, but I know I would've been too worried to enjoy it. If I were to share advice with friends going through the same thing, I'd tell them not to feel too anxious, especially about things they can't control. Maybe the future is already ready, even though you don't know it.

Anonymous Google employee

A senior software engineer who was laid off in January 2024 secured another job at Google a few weeks later. They asked to be kept anonymous to protect their job security.

I was really happy at Google. For the most part, I think it strikes the right balance between productivity and work-life balance. I had to take medical leave for depression at another fast-paced Big Tech job I'd worked; at another job, things felt like they moved at a glacial pace. At Google, I didn't feel overwhelmed, yet also felt like I was delivering. It was definitely my favorite place I've worked.

Because of my history of depression, I was afraid that I'd go to suicidality if I was laid off, so I worked with my counselor to set up a well-defined game plan. When the layoff actually happened, it felt horrible — my worst fear coming true. If I were early in my career or if my child and wife didn't depend on me as the breadwinner, I probably would've thought, Nice! Good vacation and generous severance. But I was super anxious about what might happen if I didn't find a comparable job in the next four or five months before our cost of living exceeded the severance.

I had my résumé already prepped and a contact list of people to reach out to immediately, and I went into cortisol-fueled search mode. I reached out to a lot of connections for referrals and applied everywhere, both internally and externally. I checked the Google internal job posting site every day, but there weren't many open positions. I also applied to every relevant LinkedIn EasyApply position. I spent the rest of my time practicing LeetCode problems and reviewing past projects.

A few weeks later I got a response from one of my Google applications and set up a video call. A couple of days later, the manager told me they wanted to bring me on. My biggest priority was securing a job so I accepted, despite having advanced in the interview process at some other companies. The Google role also had some advantages, like maintaining my competitive compensation and giving me an opportunity to develop relevant skills and future-proof my qualifications.

Returning to Google, I feel more anxious and find it harder to focus. Before the layoffs, I had a sense of security, like I was in a really good industry that paid well and had lots of mobility. Now, I have this ever-present fear that the industry will shrink and become too competitive, or companies will choose to take efficiency gains from AI to cut costs. And I've lost trust in Google's leadership. The real responsibility for layoffs lies with upper middle management up to leadership, and I feel there's been essentially no accountability.

Still, I think coming back to Google was the best risk-averse decision. My plan worked well, and I think I went about things the best I could.

Sylvia Duran, 40, San Diego

Duran worked at Google for almost nine years in various roles, including as the first chief of staff to the VP of operations. She also headed YouTube Mexico during the pandemic. Prior to the 2023 layoff, she was the head of strategy and operations for YouTube's Latin American and Canadian markets.

The night before the layoff, I missed dinner with my family to take a strategy call with the creator marketing team based in Singapore. The next morning, I tried to check my work calendar before breakfast and it wouldn't load. People had been nervous about layoffs but thought low performers would be the only ones impacted. That's not what happened.

Once I realized my role had been eliminated, I started bawling. I'd given everything to the company, like so many of us, and it wasn't a possibility in my head that I would be laid off.

I gave myself the weekend to grieve. One of my best friends visited from Seattle to support me. Three days later, I started a podcast, an idea I'd been playing with for a while. I put my head down and worked on it as if it was a full-time job; I loved it. It was therapeutic. I talked a lot with guests about childhood circumstances and how they influence our careers and decision-making. I came from a working-class background, and after getting an Ivy League education, I saw how easy it was to get sucked into thinking, I can't take this other kind of job because what is it going to say about me? I was fortunate that I had enough severance that it took me pretty much through the end of the year.

I became more active on LinkedIn and told people I was looking for a job; before, I'd been a very private person who didn't like asking for help. A friend of a friend, despite not really knowing me, helped pass my résumé on to different leaders at Intuit. I had an informational call with one, and when an opportunity arose within his team, I was able to land the job. I've been really happy here — my manager is really supportive, and we're working on tough, interesting problems.

After working at Google for so long and seeing how it ended, I've been thinking about how I spend my time. Even though I love my job now, I haven't let it interfere with my other priorities, like carving out dedicated time for my two kids. I'm also still regularly publishing podcast episodes, and I recently joined a nonprofit board.

There were a couple of times when I considered leaving Google but didn't because of fear. My advice for people is to not make career decisions from a place of fear. Stay somewhere because you're passionate, not because you're afraid to try something else.

I don't regret that night before I was laid off when I missed dinner with my family to work; I was excited about the project and was trying to be mindful of people in other time zones. But now I know that my layoff decision had already been made at that point, and the company was comfortable having me work really late the night before they were going to lay me off. My advice to people is to make sure that when you're making these trade-offs, you're doing it with clear eyes.

Aaron Gabriel Neyer, 32, Boulder, Colorado

Neyer interned at Google during college and returned seven years later as a developer relations engineer, before being laid off in January 2023.

When I found out I was laid off, I felt almost a relief and a sense of openness. I suddenly had this blessing of a healthy severance to use to build what I wanted outside of Google.

I intermittently job-searched for a few months and almost joined an early-stage startup, but nothing quite landed. I also traveled a bit around the US, did a lot of reading and writing, and participated in a lot of community engagement. I have a thriving community here in Boulder and enjoy being in nature. I also became the executive director of a nonprofit I joined in 2022 called Consciousness Hacking Colorado — now relaunched as Woven Web — focused on facilitating harmony between technology, society, consciousness, and nature.

I've begun a second master's degree, this time in creative technology and design at the University of Colorado Boulder's Atlas Institute. I also ran for Boulder City Council. I didn't win, but the city council appointed me to the Human Relations Commission which has been great. We're working on issues of how to address tensions in our community, especially in relation to the Middle East conflict, and how we can bring about better dialogue to address these tensions.

I bike past the Google office a lot here in Boulder and often feel a tenderness in my heart. For all of the company's faults, there are many things that it does well, like the beautiful community of people who work there.

I don't have too many regrets in life. There are so many pathways, but the one that I'm on feels really beautiful. I'll go back into some form of full-time work at some point, but I'm not rushing to any decisions. For now, I feel stable enough to keep prioritizing learning and creating community, putting a lot of the gifts I received at Google to good use.

Eric Wages, 46, Massachusetts

Eric Wages worked at Google for 15 years in various roles and spent over a decade leading its third-largest data center campus. Before his 2023 layoff, he was the global program manager of the corporate real estate team.

I wasn't surprised by the layoff. I could see the tide turning a year in advance; people weren't working in the office, and yet we had many billions of dollars of office construction ongoing. I spent a lot of effort trying to convince leadership to pause construction, but my attempts weren't well-received.

I'd been laid off before and knew that layoffs aren't personal. Still, I went through the traditional stages of grief. I'm someone who has to live with a purpose, and my purpose evaporated when I received an impersonal layoff email that Friday morning.

I bought a whiteboard, put it behind my desk, and started trying to figure out what my purpose was now: What am I good at? Do I want to ever work for a large company again? I knew I never wanted to work with jerks again — I'm not saying I worked for many of them at Google, but there are many folks who are just a pain. I wanted the flexibility to work with people I enjoyed working with and help them solve problems — that's what I had always enjoyed as a leader.

Three months later, I started my own firm, Idealum Solutions. It's a mix of technical consulting, coaching, and understanding how people work, focused on data centers.

I'm thankful for the layoff, because I'd been in the golden handcuffs. I think I'd be miserable if I were still there today. And as much as I bemoan the golden handcuffs, they've served me well. My 15 years at Google set me up with a wonderful financial backstop, which has allowed me to be picky about how I work and what I charge.

Being an independent consultant and business owner is rewarding. When I couldn't find a contractor this summer to fix some things around the house, I was able to not actively seek new clients for a couple of months and just do it myself. It also allowes me to have a better relationship with my wife.

While I think Google could have done better with the layoff, there's no good way to lay off 12,000 people. Any manager who's had to terminate someone knows to expect the absolute worst. Multiply that by 12,000 — locking the doors and turning off the badge was, dare I say it, the best way.

But one way they could've done better was to ask for volunteers; I would've strongly considered leaving if an offer had been tendered. It was extremely frustrating to see the culture changing after being there for so long.

Shao Chun Chen, 38, Singapore

Chen joined Google in 2016 as an account manager for the company's Singapore advertisers and did a three-month rotation with Google's strategy and operations team in Silicon Valley in 2019. Prior to the 2024 layoffs, he was the head of small business ad sales for the Singapore, Malaysia, Indonesia, and Pakistan markets.

My last day at Google — my dream job — was on Valentine's Day this year, the day before my 38th birthday. Logically, I knew that industry ups and downs and turnover were pretty normal. Emotionally, though, it was tough. I had been there eight years; that's like an eight-year relationship. My initial reaction was pain and anger, driven by ego. I also compared myself to those who weren't laid off, feeling like I was better or more experienced or more loyal than they were.

I had a lot of sleepless nights and went through the grieving process. My wife was extremely supportive. The toughest part was knowing that the next day, the company just moved on. That was sort of a rude awakening.

I was given two months to look for other roles internally. I panicked and applied for every job available, hanging on for dear life to the possibility of still being able to call myself a Googler — a huge part of my identity. A couple of senior Google leaders graciously reached out about joining their teams, but I knew I wouldn't enjoy the roles and didn't want to do a bad job. When I turned them down, every part of my body was shaking.

I splurged on a solo snowboarding trip to Japan and spent time alone in the mountains. I'd wake up at night crying. There had been so much going on that once I gave my body and mind a bit of peace and space, it automatically went into recovery mode, which was very therapeutic.

I posted my first YouTube video in April. I wanted to share my layoff story to bring comfort and courage to others. Many people reached out to me saying things like, "I felt the same way," and "Even my therapist couldn't articulate how I'm feeling as well as you did." It feels like my calling is to help people have a healthier relationship with their careers and money, and my YouTube channel has grown since then. I've also launched a coaching and consulting business and teach at the National University of Singapore.

While I don't earn as much as I did working full-time, I make more per hour and have much more flexibility. I also achieved financial freedom several years ago, by growing my income from $80,000 to close to $300,000 at Google, saving and investing at least half of my paycheck, and being very conscious of my spending.

I wish I'd been more supportive of people that I used to work with who were laid off before me. While Google was and still is a huge part of my identity, I learned that there are really other parts of my life that I should nurture. Looking back, I'm grateful — I wouldn't have discovered this life was possible if not for the layoff.

Camila Ferraz, 34, San Francisco/Miami/Zurich

Ferraz started in sales at Google in São Paolo, Brazil, in 2011 after college, briefly left for another opportunity, and returned as an analytical lead in Google's San Francisco office. Prior to the 2023 layoffs, she was a senior product manager in Google's internal incubator, Area 120.

When I woke up that morning and saw the layoff email, I was so out of touch with reality that my first concern was that my team wouldn't be able to access a document I'd been up late working on the night before. It took a bit of time for me to realize, "Wait, I lost my job."

I jumped straight into practical things. A friend and former coworker who'd read about the layoffs told me she was hiring, so I jumped out of bed and did an interview, but I could hardly pay attention. I went back to Brazil for a week to be close to my childhood friends. For those of us in tech, it felt like the world was falling apart, but I'm from an island in the south of Brazil, and being there helped me keep that in perspective.

I ended up moving to Miami, where a lot of my friends had moved during the pandemic. Climate tech is one of my personal passions, and I took a remote consulting job with a nonprofit biodiversity lab based in Zurich for a few months.

On one of my trips to Zurich, I met my now-cofounder. Looking for a cofounder in the months prior was almost like dating — finding the right one was the most challenging part, and now that I have, it feels so right. Together, we incorporated biodiversityX, an AI-powered tech company providing real-time forest analytics, in Zurich.

Losing a job is traumatic, but it's humbling to think about how much Google transformed my life. It was such a good place to grow and develop as a leader, and I miss the culture, the food, and the people.

Before, I thought a career had to be very linear — one promotion after another; tomorrow needs to be bigger than yesterday. Today, I see things as a bit more fluid and view the layoff as a blessing in disguise. Being an entrepreneur — the degree of responsibility and the speed at which we can move — is so freeing and rewarding. The pieces are coming together, and I'm grateful to Google for being such a great school.

• Aaron Neyer joined Google in 2021 as an engineer after several years of self-discovery and nomadic living.
• In January 2023, he was one of over 12,000 employees laid off. He felt a sense of relief and openness.
• Neyer now leads a nonprofit, is involved with local government, and is pursuing a second master's degree.

This as-told-to essay is based on a conversation with Aaron Neyer, executive director of the nonprofit Woven Web and a former developer relations engineer at Google based in Boulder, Colorado. The following has been edited for length and clarity.

I studied computer science in college and interned at Google after my junior year. I received a full-time return offer, but I wanted to travel and felt like going the startup route would give me a lot more flexibility.

My dad passed away around the time I graduated. I moved to San Francisco for a job, but a couple of months later, I realized I didn't want to confine myself full-time and quit.

I spent the next four years being basically nomadic — doing the free-spirited hippie thing. During that time, I lived off savings from my time working in tech, life insurance that I received when my dad passed, and a few wise crypto investments that I made.

I attended a lot of different gatherings such as music festivals, dance retreats, and meditation retreats, connecting with all kinds of people. It was a period of self-discovery as well as a time of finding healing around the grief from losing both of my parents, as my mom had died when I was younger.

I wanted to participate in the world more effectively

After a while, I decided I wanted to go back to participating in the world in a way that I felt to be more effective. I got a master's degree from Naropa University in ecopsychology to ground my philosophy around how change can happen and how we can create more connection in the world.

I missed the intellectual rigor, creativity, and financial stability of the tech world, so I applied to rejoin Google and started working there in May 2021 as a developer relations engineer. My work was 60% about coding and 40% about community relationships.

At Google, we were all able to use our "20% time" to work on something outside our main roles, and I spent mine doing work having to do with connecting people and climate. I was part of a grassroots climate community within Google called Anthropocene working on how we could focus more on climate solutions inside Google. I also worked on a little project called Project Nature, trying to bring ecopsychology ideas into Google's processes and products, as well as Flourish, a project in Google's startup incubator Area 120 aimed at helping people stay connected to one another.

After Flourish was cut from Area 120, I tried to find a way to get a head count and work on it full-time as an internal project, but it became clear to me that the tightening budget and constructs of Google weren't going to support that.

Just two weeks later, in January 2023, I was laid off. I felt almost a relief and a sense of openness. I suddenly had this blessing of a healthy severance to use to build what I wanted outside of Google.

I've been working on building community and strengthening connection

From March through May, I intermittently job-searched and almost joined an early-stage startup, but nothing quite landed. I wanted to do something meaningful and satisfying. I also traveled a bit around the US, did a lot of reading and writing, and participated in a lot of community engagement. I have a thriving community here in Boulder and enjoy being in nature, learning, and growing.

I became the executive director of a nonprofit I joined in 2022 called Consciousness Hacking Colorado and led its relaunch as Woven Web. We're an organization about facilitating harmony between technology, society, consciousness, and nature, and we place a lot of emphasis on helping people communicate and collaborate more effectively.

I also started exploring political engagement and ran for Boulder City Council. While I didn't win my race, the city council appointed me to the Human Relations Commission. It's been going great. I've been starting some conversations about how we address tensions in our community, especially in relation to the Middle East conflict, and we're beginning to make proposals about how we can bring about better dialogue in our city.

I'm also pursuing a second master's degree, this time in creative technology and design at the University of Colorado Boulder's Atlas Institute. It's been really fun growing my tech skills again in a creative way, with coding and generative art.

In October, Woven Web coordinated a 10-day event to connect people across different communities and ultimately create more coherence in Boulder. This also served as a launching point for us to raise some serious philanthropy and grant funding so that I can pay myself to be full-time executive director.

The path I'm on is beautiful

I don't have too many regrets in life. There are so many pathways, but the one that I'm on feels really beautiful. I feel I've lived a pretty full life since being laid off. I've been really excited to have plenty of space away from a core working environment, and now I'm really happy to be back to having a lot of structure in terms of Woven Web and school.

I'll go back into some form of full-time work at some point, but I'm not rushing to any decisions. For now, I feel stable enough to keep prioritizing learning and creating community, putting a lot of the gifts I received at Google to good use.

I bike past the Google office a lot here in Boulder and often feel a tenderness in my heart. I've even had tears well up before. For all of the company's faults, there are many things that it does well, like the beautiful community of people who work there. I have so much love for many of the people.

If you took an unconventional career path before or after Big Tech and would like to share your story, email Jane Zhang at [email protected].

• Vox Media just cut some staff and reorganized its lifestyle brands.
• CEO Jim Bankoff said the company was responding to constant change in the media business.
• Thrillist will be operated by Eater, among other changes.

Vox Media just cut staff across its lifestyle brands, CEO Jim Bankoff announced in a memo to staff.

The parent of New York magazine, Vox, The Verge, and other popular media brands last laid off employees a year ago, when it cut 4% of staff. A Vox Media spokeswoman declined to say how many people were let go in the current reduction.

In the memo, which Business Insider obtained, Bankoff said the layoffs and "organizational changes" would impact Thrillist, PS, and Eater.

He said that, moving forward, Thrillist would be operated by Eater and that PS would "concentrate on its extensive footprint across social and video platforms with an even stronger emphasis on shopping."

Vox Media got the lifestyle brands Thrillist and PS (previously named PopSugar) when it acquired fellow digital media company Group Nine in early 2022. The deal was part of an ongoing consolidation of digital-media outlets to better compete for ad dollars with Google and Facebook. Digital publishing has generally struggled as Big Tech platforms have dominated digital ad spending.

Bankoff said in the memo that Vox Media would continue to focus on areas where it sees the most opportunity, including building direct audiences and its Vox Media Podcast Network. Vox Media also recently put tech-focused The Verge behind a paywall.

Here's the full memo from Bankoff:

Team,

Today, we're implementing role eliminations and organizational changes across our lifestyle brands (Thrillist, PS and Eater), Product, and the Media Production & Technology organization. All affected employees have been notified and are receiving transition support.

Each of our brands faces distinct market opportunities and challenges. As you know, the pace of change is accelerating for media businesses and it is essential to our success that we continuously evaluate how and where we invest to serve our audiences best to advance the long term health of our business.

In particular, the ways audiences are interacting with our Thrillist and PS brands have changed and we must adapt. Going forward, Thrillist will be operated by Eater, on a similar model to Punch, leveraging shared leadership and resources. PS will concentrate on its extensive footprint across social and video platforms with an even stronger emphasis on shopping. Eater is reorganizing its cities coverage into a regional model in order to most efficiently serve its audience's needs. The Product and Media Production & Technology organizations are being restructured to meet the current needs and scale of the business.

Throughout our history, we've led the digital media landscape because we've been willing to adapt and evolve as technology and the way people consume content change. These actions, while difficult, are consistent with our strategic priority to deepen audience connections to the brands and franchises that drive loyalty while ensuring our financial strength. As was the case this year, in 2025 we will continue to invest in our business where we see the clearest opportunities: editorial and user experiences that build loyal, direct audiences; a high-value advertising proposition based on unique intellectual property; strong brands that command audience attention; leading multimedia productions like we're building with the Vox Media Podcast Network; and consumer-direct businesses to diversify revenue streams and grow recurring revenue.

While our focus on improving our financial strength is always a priority, this year we have made meaningful progress to ensure our long-term profitability. This has meant difficult decisions and ongoing financial discipline about where we're investing and where we're pulling back. To our departing colleagues, I'm grateful for your contributions. To everyone at Vox Media, thank you for your continued commitment to our work.

Jim

A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.

© 2024 TechCrunch. All rights reserved. For personal use only.

Over the past two years, American businesses have been engaged in a rapid-fire restructuring of their corporate hierarchies. In the name of "flattening," they've been waging war on middle managers — trimming an entire tier of supervisory jobs that Mark Zuckerberg derided as nothing more than "managers managing managers, managing managers, managing managers, managing the people who are doing the work." Following Meta's lead, Citi reduced its 13 layers of management to eight. UPS axed 12,000 of its 85,000 managers. And in September, Amazon announced plans to increase its ratio of workers to supervisors by at least 15%. "I hate bureaucracy," CEO Andy Jassy declared, echoing the zeal for "efficiency" that Elon Musk, one of the pioneers of the current corporate flattening, is now seeking to unleash on the halls of government.

But here's the thing: It's not just that tens of thousands of middle managers have lost their jobs. It's that the jobs themselves have been eliminated — and they may not be coming back.

To test that theory, I asked Revelio Labs, a workforce analytics provider, to crunch the numbers for me, using its database of job postings aggregated from across the internet. It divided employees into two buckets of managers (senior leadership and middle management) and two buckets of lower-level employees (experienced associates and junior workers). Then it looked at how many job openings employers are posting today, compared with the hiring heyday of 2022.

What the data reveals is stark. Earlier this year, when white-collar hiring was at its lowest point, openings for junior roles — entry-level positions requiring little to no prior experience — were down by 14%. But hiring had plunged by 43% for middle managers and 57% for senior leaders. If you had any sort of management experience, your job prospects were bleak.

Since then, though, we've seen a significant rebound in job postings for almost everyone — except middle managers. In October, employers were still advertising 42% fewer middle-management positions than they did in April 2022. Which means that those who lost their jobs in the Great Flattening are now facing a whole new horror: There aren't any positions left for them to take.

The assault on middle managers dates back to the 1980s, when globalization gave rise to a new philosophy of management that prioritized cost cutting over everything else. Supervisors — earning big salaries for rubber-stamping the work of their subordinates — became an easy target. Trim the fat, the thinking went, and the efficiencies will follow. From 1986 to 1998, one study found, the number of managers reporting to division heads dropped by 25%. At the same time, the number of managers reporting directly to a CEO nearly doubled.

Executives got the flattening that they wanted. But it's unclear whether getting rid of middle managers actually made companies run more efficiently. As I wrote last year, one study found that businesses with fewer layers of management were able to deliver their products faster. But study after study found that when middle managers do their jobs right, they bolster performance more than either top executives or ground-level employees. Supervisors do real work. They motivate. They mentor. They communicate critical information to and from different parts of the company. They smooth out glitches and spot opportunities. They're the ones who keep the trains running.

But now is an especially bad time to be an experienced supervisor. According to an analysis by Live Data Technologies, another workforce analytics provider, middle managers made up 32% of layoffs last year, compared with 20% in 2019. And as the data from Revelio Labs shows, companies appear to have no intention of refilling those supervisory roles, even as they resume hiring for lower-level jobs. That has created a double whammy for middle managers: There's a sharp spike in job seekers, and they're competing for an increasingly small universe of open roles.

Over the past year I've heard from hundreds of managers mired in this double whammy. What's struck me is how eerily similar their stories are. They all come across as smart and articulate. They're all in their late 40s to 50s. When they got laid off from their supervisory jobs, they didn't expect their job search to be too difficult. After all, they'd spent decades honing their skills and climbing the corporate ladder, often at leading companies. Surely, all that experience had to count for something. But despite sending out hundreds of applications, they can't get anyone to return their calls. They're utterly baffled, and they all have the same question: What is going on here?

It's the question I've been asking, too — combing through government data, talking to employers and economists, studying applicant-tracking systems. Because so many of the frustrated job seekers are older, I thought maybe we were seeing some new form of age discrimination: Call it the Curse of the Gen X Professional. But it's only after seeing the data from Revelio Labs that I finally understand what's going on: There just aren't enough supervisory jobs to go around anymore.

In response, many displaced managers have swallowed their pride and started applying to jobs lower on the corporate food chain. As Revelio Labs' data shows, nonmanagerial jobs are faring much better these days — and you'd think companies would be thrilled to get the experience and know-how of seasoned professionals on the cheap. But take the example of a former middle manager I'll call Rick, who is 54. After getting rejected for all the supervisory jobs he could find, he widened his search to include entry-level positions — only to be rejected for being overqualified.

At this point, all Rick wants is a chance to prove himself. "Forget the titles, forget all that other stuff," he told me. "I just need a job. My unemployment runs out in about 30 days. I'll come in and do a great job for you."

This is the paradox that lies at the heart of the Great Flattening: The very experience that should be a selling point for senior leaders has become a liability. Some have tried deleting former jobs from their resumes, to hide their supervisory experience. Others, like Rick, omit the year they graduated from college. One former chief operating officer, whose search has gone so poorly that she's now applying to be an executive assistant, told me she addresses her overqualified-ness in her cover letters. "I understand that my résumé has some big titles on it, but let me tell you who I am at heart," she writes. "I really want to be doing this, and I'm not wedded to the title."

What all the out-of-work managers want to know is: When is the hiring freeze for supervisors going to thaw? That depends, in large part, on whether companies come to view the flattening as a success. Many CEOs insist they aren't getting rid of middle managers just to save money. They think having fewer layers of management will, as Zuckerberg put it, create a "stronger" company that can build "higher-quality products faster." That hints at a dark prospect for managers like Rick: The rung of the corporate ladder they spent their careers reaching could be gone for good.

There's a chance, of course, that the current craze for corporate flattening could ease over time. Companies are already discovering that having few middle managers is placing an enormous strain on their operations. The supervisors who survived the purge have been forced to take on much larger teams, and they're burned out to a crisp. Gen Zers, deprived of their mentors, are increasingly disengaged. Departments are more siloed than ever, with no one to do the tedious and thankless and essential work of coordinating across different teams. The best hope for managers like Rick is that CEOs are getting a real-time refresher in the value of managers.

"I'm not at that point in my life where I'm ready to take that step back," Rick told me. "I just want to work with good people and enjoy what I'm doing. I could go to Domino's and start delivering pizza. But I know I can do a lot more than that."

Aki Ito is a chief correspondent at Business Insider.

• Donald Trump's new DOGE commission, tasked with cutting spending, has floated laying off federal workers.
• Government employees said they were preparing by networking and freshening their résumés.
• Amid the concerns with DOGE, some employees said there could be benefits to its aims.

Federal employees are reporting mixed feelings about President-elect Donald Trump's new Department of Government Efficiency and its ideas to cut costs by laying off workers and enforcing return-to-office mandates.

Some are worried, some are optimistic, and most are considering their other career options, 10 people who spoke with Business Insider said. Most asked for anonymity for fear of professional repercussions.

"We're just workers. We work in a nonpartisan way," one Department of Health and Human Services employee said, adding that they were nervous, especially because they recently bought a home. "It kind of feels like we're being villainized."

On the other hand, Jesus Soriano, who's been a program director at the National Science Foundation for 13 years and is president of the agency's American Federation of Government Employees union, said that while employees were scared, there were "reasons for optimism with DOGE."

Trump said his picks to lead the unofficial commission, Tesla CEO Elon Musk and the former GOP presidential candidate Vivek Ramaswamy, "are technologists."

"They have — both of them in their own fields — translated science into products that have tremendous impact on the public and that contribute to America being a preeminent powerhouse," he said.

Musk is the CEO of Tesla, SpaceX, and other various companies, and Ramaswamy started a tech-focused pharmaceutical company called Roivant Sciences.

In the wake of the DOGE Commission, many government workers said they were updating their résumés, networking more, or assessing new career options — regardless of their political beliefs.

"Everyone is putting their ducks in a row," a Department of Housing and Urban Development administrative worker of 10 years who worked under Trump's first term told BI. "You can't be lackadaisical, regardless that the government may take forever to do something. You better be one step ahead at all times."

While it's still unclear how exactly DOGE would cut government spending, Musk and Ramaswamy have pledged to eliminate some government agencies, which could mean laying off thousands of federal workers, and compel others who have been working from home to return to the office.

The federal government is the largest employer in the US, paying more than 2 million civilian workers. The Departments of Veterans Affairs, Homeland Security, and Defense are among the top employers, with workers earning average salaries near $100,000. Just under half of all workers across 24 agencies were telework-eligible as of May 2024, according to an Office of Management and Budget report.

"Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don't want to show up, American taxpayers shouldn't pay them for the Covid-era privilege of staying home," Musk and Ramaswamy wrote about their cost-cutting plans in a recent op-ed in The Wall Street Journal.

Brian Hughes, a Trump-Vance transition spokesperson, told BI the administration "will have a place for people serving in government who are committed to defending the rights of the American people, putting America first, and ensuring the best use of working men and women's tax dollars." He didn't offer any details on cuts.

Soriano, the National Science Foundation program director, said government workers were "still scared." He said five colleagues he'd talked to were actively seeking new jobs or opting to retire.

Increased efficiency is a welcomed idea. In-office mandates, not so much.

Trimming government spending and improving efficiency is an idea often discussed on both sides of the political spectrum.

President Ronald Reagan pursued a similar goal with the Grace Commission, a team of 160 private-sector executives who proposed more than 2,000 cost-cutting measures. President Bill Clinton also attempted to reduce federal spending and improve government efficiency with the National Performance Review, led by federal employees.

The efforts had mixed results. Many proposals from the Grace Commission that relied on congressional acts didn't end up happening, while executive orders were successful in reducing the head count of federal workers. Clinton's panel similarly succeeded in cutting 300,000 federal workers but managed to get only a quarter of proposals that required legislative action through Congress.

An operations manager at the US Postal Service who has worked in the department for 27 years told BI every company had inefficiencies, and "that's what we all strive to decrease."

He has concerns, however, about people stepping in to make suggestions for the Postal Service without having "tribal knowledge" of the department.

"If you're just going to be appointed to this type of commission or committee with no knowledge of what exactly the Postal Service does, then that could potentially be a problem," he said.

DOGE's intent to eliminate remote work is also a concern for some workers. The HUD employee, who'd been working remotely, said return-to-office enforcement would "absolutely" be enough to cause them to resign. They're preparing for layoffs under DOGE by looking at other employment opportunities, and they said their colleagues at HUD were taking similar steps.

Joyce Howell, an attorney at the Environmental Protection Agency — who's been at the agency for more than 31 years and serves as executive vice president of its AFGE union — said the incoming administration had stoked concern about layoffs at the EPA and fears that its mission could be compromised.

"We have town halls once a month, and we've actually broken our Zoom account in terms of the number of people attending," she said of union meetings.

Musk and Ramaswamy wrote in the Journal op-ed that the commission would target more than $500 billion in what they called unauthorized government spending. They said federal employees who were laid off would be offered early retirement. At a town hall in October, Musk said he would consider giving laid-off workers up to two years' severance.

An employee at the Food and Drug Administration said it wasn't that easy: "We're here to support a mission. We have families to feed, and it's not as easy as just quitting our jobs," the FDA employee said.

"We're just normal, everyday people — we're being portrayed as inefficient, lazy people," they added. "It feels like they're coming for us just for their own agenda, not realizing that we're the backbone of the federal government."

Another federal-government lifer said many workers like them — people who'd been there for years — were nervous they might be the first to go. The career tenure of a median federal government worker was 6.5 years in 2024, according to Bureau of Labor Statistics data, well above the median 3.5 years private workers have spent in their roles.

One senior official at the Commerce Department said they anticipated a civil-servant brain drain. "The scientists are the most concerned," the official said, with those in climate, meteorology, and environmental science particularly worried.

The Department of Education has meanwhile been singled out as an entire agency that could be on the chopping block.

Sheria Smith, the president of the AFGE union at the Department of Education and a civil rights attorney at the agency, said department elimination was "on the lower end of concerns" because it would take time and need to go through Congress.

Rather, being turned into a "Schedule F" workforce, which allows government agencies to reclassify workers and remove certain protections that make them easier to fire, could mean employees who aren't "aligned with the executive wholly" could be laid off based on performance.

And given the widespread denigration of the Education Department and return-to-office threats, people are most likely looking for other work. "I'd be surprised if they weren't," Smith said.

Are you a federal worker willing to share your story? Contact these reporters at [email protected], [email protected], [email protected], and [email protected].

• Car companies are scrambling to adjust to a rapidly changing EV market.
• Restructuring efforts include massive job cuts in some cases.
• Cost-cutting measures come as automotive execs double down on expensive EV commitments.

A protracted transition to electric vehicles is taking its toll on global car companies, many of which still have yet to profit from battery-powered vehicles.

Demand for EVs, particularly in the critical US market, has slowed considerably this year as green car shoppers get more frugal and practical. This presents a problem for car companies that need mass adoption to deliver profits for these expensive vehicles.

Automotive executives have been scrambling to adjust to this new EV market, pulling back on some EV production and speeding up the development of more popular hybrid cars. As 2024 draws to a close, many manufacturers opt for more drastic cost-cutting options as they continue investing heavily in EV technology.

Major car companies like Detroit's GM, Ford, and Stellantis have begun slashing jobs as they cut costs and reshape their business models for this next stage of the EV transition.

Here are all car companies with job cuts planned or already underway in 2024.

General Motors lays off about 2,000 employees

Detroit car giant General Motors laid off about 2,000 workers in two rounds of layoffs in August and November. GM cited cost cutting and changing market conditions in both instances.

The majority of the 1,000 jobs cut in November were white-collar, but the United Auto Workers union reported that about 50 of its members were also affected. According to reports, most affected workers were stationed at GM's global technical center in suburban Detroit, where most design and engineering work occurs.

Prior to the November job cuts, GM also trimmed another 1,000 salaried positions in software and services, according to reports.

GM aims to trim $2 billion in costs as it adjusts its EV strategy and manages slowing sales in the US and China.

Ford to cut 4,000 jobs in Europe amid EV slowdown

Ford said in November that it plans to slash 4,000 positions from its European workforce by the end of 2027. Ford said the Germany and UK divisions are likely to be the hardest hit, as these regions suffer "significant losses."

In addition to these job cuts, Ford also announced curtailed production at a factory in Cologne in the first quarter of 2025.

The cuts to Ford's European business come as companies in the region grapple with intense competition from Chinese EV maker BYD.

In the US, Ford also recently announced an extended pause in F-150 Lightning production, which will affect the roughly 730 hourly workers at that Metro Detroit plant until 2025.

Volkswagen plans historic job cuts in Germany

German automotive giant Volkswagen announced big restructuring actions in October, which could include closing factories and cutting tens of thousands of jobs.

The planned cuts, which still face the scrutiny of German unions, were announced after VW issued its second profit warning in three months. Volkswagen faces similar issues to its rivals, with slowing EV sales in China and stiffer competition from BYD in Europe.

VW's planned restructuring would include closing three German factories for the first time in the company's history, as well as cutting salaries by 10% and freezing wages for two years.

Jeep-maker Stellantis slashes jobs amid tough year

Stellantis, the company that owns brands like Chrysler and Jeep, has had a particularly tough year.

As it struggles with oversupply, it has initiated plans to cut nearly 4,000 factory jobs in the US. Meanwhile, the company laid off 400 white-collar workers in the spring and has offered broad buyouts to salaried workers.

The factory cuts have become a lightning rod for the UAW, accusing Stellantis of violating its contract by removing product commitments from an Illinois factory that built the discontinued Jeep Cherokee.

The UAW has threatened to strike over the alleged violation. Stellantis maintains that its actions fall within its contractual right to change plans based on market conditions. The car company has filed a lawsuit against the UAW in reaction to strike authorization votes.

Tesla reduces global workforce by more than 10%

In an April memo obtained by Business Insider, Tesla CEO Elon Musk told his employees that the company would eliminate "more than 10%" of its staff.

The cuts came after Tesla reported declining sales in the first quarter of the year. After initially weathering a slowdown in EV demand, Tesla is finally feeling the pinch of a more competitive EV market in the US.

Nissan plans to cut 9,000 jobs

Japanese car company Nissan announced in November that it would cut 9,000 jobs and reduce manufacturing output amid poor performance in the critical Chinese and US car markets.

The move came as Nissan reduced its operating profit forecast for the year by 70%.

• NowThis laid off about half its unionized newsroom, marking the second deep round of cuts this year.
• The layoffs affected 13 of NowThis' 21 WGA East members.
• A softness in digital advertising has led to widespread media layoffs in recent years.

NowThis recently laid off about half its unionized newsroom, the second round of deep cuts this year at the progressive digital news outlet.

The layoffs impacted 13 of NowThis' 21 members of WGA East, which represents the newsroom, a union representative told Business Insider. NowThis notified the laid-off staffers on November 15. The company also recently let go of three people on the sales side, a person close to NowThis told BI. They asked for anonymity because they weren't authorized to speak publicly about the cuts. Their identity is known to BI.

A NowThis spokesperson confirmed the layoffs to BI and said the company remained committed to making "impactful content."

In September, NowThis hired a new editor-in-chief, Michael Vito Valentino, formerly of Fallen Media and MTV, as it looked to shift focus to Gen-Z audiences.

NowThis was once a fast-growing digital news outlet that took off among young consumers. It soared in popularity by making short-form, text-on-screen videos — often about politics or social issues — that spread widely on social media. It joined Vox Media through Vox's 2021 acquisition of Group Nine Media. Vox spun NowThis off in 2023 through a deal with Accelerate Change, a nonprofit focused on promoting civic engagement among underrepresented groups. Vox retained a minority stake in the company and has an arrangement to sell advertising for NowThis.

A Vox Media spokesperson referred a request for comment to NowThis.

At the time of the spinoff, the plan was for NowThis to ramp up to cover the 2024 election. Accelerate Change is backed by progressive organizations such as the Open Society Foundations, which was founded by George Soros, the billionaire investor and major Democratic political donor. It also backs other news outlets, including ParentsTogether, PushBlack, Pulso, and Noticias Para Inmigrantes.

The earlier round of layoffs at NowThis, in February, curtailed some of the company's coverage ambitions, though. That round impacted 26 of its 50 members of WGA East. At the time, the company said the reduction was meant to ensure the business was sustainable, and that no more cuts were planned.

Many news media outlets have been hit by layoffs in recent years amid a general softness in digital advertising spending. Outplacement firm Challenger, Gray & Christmas tracked 3,402 job cuts in news so far this year through September, up 40% from 2,423 cuts during the year-earlier period.

After this story's publication, WGA East gave a statement to BI about the recent layoffs:

On Friday, November 15, at around 8:30 AM, 13 of the 21 remaining NowThis WGAE members were laid off immediately upon receipt of an email notice. The layoffs eliminated 3 of 4 members of the publishing team, 3 of 4 video editors, 3 of 7 Producers and Senior Producers, the sole Senior Motion Graphics Designer, the sole Senior Writer, the sole Senior Insights Analyst, and the sole Audience Strategist. The barebones group of remaining salaried workers at NowThis will now be forced to meet tight deadlines and increasing pressure without proper teams to support them.

In late October the company celebrated their "new editorial vision and advisory board" at an influencer-filled, private party. Mere weeks later, workers were blindsided by the news that the Company's "new editorial vision" apparently includes slashing their already stretched-thin teams.

At the start of 2022, there were 65 unit members at NowThis. Today, only 8 remain.

These reckless and cruel layoffs run completely counter to NowThis's self-professed "human-centered" approach to storytelling. The Guild stands in solidarity with the workers who built this company, only to be shown the door at the beginning of the holiday season.

• Last year's job cuts weren't the end of layoffs. Further reductions continue in 2024.
• Companies like Flagstar Bank, Meta, PwC, Tesla, Google, Microsoft, and Nike have all announced cuts.
• See the list of companies reducing their worker numbers in 2024.

After a brutal year of layoffs in 2023, companies this year have continued to cut jobs across tech, media, finance, manufacturing, and retail.

Tech titans like Meta, IBM, Google, and Microsoft; finance leaders like Goldman Sachs, Citi, and BlackRock; accounting firms like PwC; entertainment behemoths like Pixar and Paramount; and corporate giants like Tesla, Dow, and Nike have all announced layoffs.

A survey in late December said nearly 40% of business leaders had expected layoffs this year, ResumeBuilder said. ResumeBuilder talked to about 900 leaders at organizations with more than 10 employees.

One major factor survey respondents cited was artificial intelligence. Around four in 10 leaders said they would conduct layoffs as they replace workers with AI. Last year, Dropbox, Google, and IBM announced job cuts related to AI.

Here are the dozens of companies with job cuts planned or already underway in 2024.

The US' biggest privately-owned company, Cargill, is cutting thousands of jobs

Cargill, the largest privately owned company in the US, is slashing 5% of its workforce.

The company, which is the world's largest agricultural commodities trader, will lay off thousands of workers from its 164,000-strong workforce, Bloomberg reported on Monday, citing an internal memo it had seen.

"To strengthen Cargill's impact, we must realign our talent and resources to align with our strategy," a Cargill spokesperson told BI.

The cuts would impact workers across all professional levels from countries in Asia, Latin America, North America, Europe, the Middle East, and Africa.

The layoffs will not touch its executive team but will impact its "next level senior leaders," Bloomberg reported, citing people familiar with the matter.

"The majority of these reductions will take place this year," Chief Executive Officer Brian Sikes said in the memo, seen by Bloomberg. "They'll focus on streamlining our organizational structure by removing layers, expanding the scope and responsibilities of our managers, and reducing duplication of work."

Microchip Tech is closing an Arizona factory

Microchip Technology, a chipmaker for a variety of consumer products, on Monday said it was closing a facility in Tempe, Arizona, as it deals with slower-than-anticipated orders.

The closure is expected to affect about 500 jobs from the company's total of 22,300, Microchip said. The closure will progress in stages and end in September 2025.

"While the company has taken steps to right size inventory and reduce expenses— including temporary pay reductions and company-wide and factory shutdowns—these measures have not been enough," a spokesperson for Microchip said in a statement on Tuesday.

Microchip also updated its revenue guidance for the quarter ending in December quarter to $1.025 billion, which is at the lower end of its earlier forecast.

The company's stock fell about 3% in after-hours trading and is down 22% year-to-date.

Publishing giant Hearst Magazines trims staff.

The owner of publications including Esquire and Cosmopolitan is conducting a round of layoffs, The Hollywood Reporter said in a November 21 report.

The exact number of positions impacted is not clear.

"After a thorough review of our business, we've decided to reallocate resources to better support our goals and continue our focus on digital innovation while strengthening our best in class print products," Hearst Magazines president Debi Chirichella told staff in a memo obtained by THR. "We will scale back in areas that do not support our core strategy and will eliminate certain positions as we reimagine our team structures to drive long-term growth."

Boeing starts issuing layoff notices to 400 workers amid plans for 10% global cut

In October, Boeing said that it would cut 10% of its 170,000-strong global workforce. The reduction plan will include 2,199 employees in Washington and another 50 in Oregon, according to the company's filings.

As part of the cuts, Boeing is laying off more than 400 workers who are part of its professional aerospace labor union. The Seattle Times reported that 438 members of the Society of Professional Engineering Employees in Aerospace (SPEEA) received pink slips.

These included engineers, scientists, analysts, technicians, and other jobs, the outlet reported.

In a note to employees on October 11, CEO Kelly Ortberg said Boeing was in a "difficult position" and that "restoring our company requires tough decisions."

The layoffs come at a difficult time for Boeing. Its share price has fallen more than 40% since the start of the year as it grapples with the fallout from a seven-week strike and technical faults like a door plug coming off an Alaska Airlines 737 Max midflight in January.

Representatives of Boeing and the SPEEA didn't immediately respond to a request for comment from Business Insider.

Exxon is cutting nearly 400 jobs after Pioneer merger

ExxonMobil is cutting about 400 employees from Pioneer Natural Resources, the oil and gas company it acquired earlier this year.

The cuts will come in seven stages and will be completed in May 2026, Exxon said in a notice to the Texas Workforce Commission.

The cuts represent almost 20% of Pioneer's pre-merger workforce and will mostly affect employees in Pioneer's suburban Dallas offices, the notice said.

AMD is laying off roughly 4% of its workforce.

AMD confirmed it would be reducing its global staff, which numbered around 26,000 total employees as of December 2023.

″As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%," an AMD representative said in a statement to Business Insider. "We are committed to treating impacted employees with respect and helping them through this transition."

The cuts are reportedly targeting sales and marketing roles in areas like consumer PC and gaming PC, according to Bloomberg.

The computer chipmaker is focusing efforts on the artificial intelligence industry as it chases rival Nvidia in the GPU market. In October, AMD raised its 2024 GPU sales estimates from its initial $4.5 billion to over $5 billion.

Chegg is cutting 21% of its employees as AI search destroys its business

Online education site Chegg is laying off staff for the second time this year as generative AI platforms obliterate its business model.

Chegg said it is cutting 319 employees, or 21% of its staff, as it faces strong competition from platforms like ChatGPT. The company slashed global headcount by 23% in June.

"The speed and scale of Google's AIO rollout and student adoption of generative AI products have negatively impacted our industry and our business," Nathan Schultz, Chegg's CEO, said in an earnings release. The company reported a loss of $212.6 million for the third quarter.

Chegg's stock has fallen nearly 85% since the start of this year.

23andMe is cutting 40% of its staff

Genetic testing company 23andMe is cutting 200 employees, or 40% of its workforce, to reduce costs and refocus its business.

The Bay Area-based company is also discontinuing further development of all its therapeutics programs, it said in a mid-November statement.

Anne Wojcicki, 23andMe's CEO and cofounder, has been trying to take the struggling company private since April.

23andMe debuted on the stock market in 2021 but fallen from its peak valuation of $6 billion — its market cap is now north of $100 million. Financial and strategic missteps, as well as high-profile user data hacks, have dragged the company down.

Beyond Inc. plans to cut 20% of its workforce

The parent company of Bed Bath & Beyond, Overstock, Zulily, and other brands revealed its decision to slash a fifth of its staff in an October SEC filing.

The workplace reduction was taken to create a more "variable, leverageable cost structure" and to help align the company with its "asset-light business that supports an affinity and data monetization model with a strong technology focus," Beyond Inc. said in the filing.

The cuts are estimated to save roughly $20 million annually in fixed costs and are expected to be "substantially implemented" in the fourth quarter of 2024.

The news came shortly after Beyond Inc. and Kirkland announced a partnership that means physical Bed Bath & Beyond stores will return in smaller-format "neighborhood" locations.

Meta added to the 20,000+ people it's laid off since 2022

Meta is eliminating some roles on units including Instagram, WhatsApp, and its VR and AR division Reality Labs.

"A few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy," a Meta spokesperson told BI on October 17. "This includes moving some teams to different locations, and moving some employees to different roles."

It's unclear how many roles will be affected, but Meta has trimmed its staff significantly in the year and a half, with more than 20,000 job cuts since 2022. CEO Mark Zuckerberg proclaimed 2023 a "year of efficiency" at the company, and continued cost-cutting measures this year as the tech giant gets flatter in structure.

TikTok is laying off employees as part of content moderation changes.

TikTok is cutting employees in various locations as part of changes to its content-moderation strategy.

A spokesperson for the China-owned company told Reuters in October that 80% of content that violates its policy is now removed through automated technology.

The company did not provide details on the exact number of positions that it eliminated but told Reuters the cuts would affect "several hundred" employees.

PwC is cutting 1,800 employees.

Big Four accounting firm PwC is cutting 1,800 workers, which is about 2.5% of its staff. The cuts will impact staffers ranging from associates to managing directors — half of them offshore. Those affected by the cuts will be informed in October.

In an emailed statement to Business Insider, Tim Grady, PwC's US chief operating officer, said, "To remain competitive and position our business for the future, we are continuing to transform
areas of our firm and are aligning our workforce to better support our strategy, including attracting and moving the right talent and skill sets to the areas where we need them most. Right now, we are focused on running our business well and adapting to meet the needs of our clients and the rapidly changing market."

Nike's up-to-$2 billion cost-cutting plan will involve severances

Nike announced its cost-cutting plans in a December 2023 earnings call, discussing a slow growth in sales. The call subsequently resulted in Nike's stock plunging.

"We are seeing indications of more cautious consumer behavior around the world," Nike Chief Financial Officer Matt Friend said in December.

Google laid off hundreds more workers in 2024

On January 10, Google laid off hundreds of workers in its central engineering division and members of its hardware teams — including those working on its voice-activated assistant.

In an email to some affected employees, the company encouraged them to consider applying for open positions at Google if they want to remain employed. April 9 was the last day for those unable to secure a new position, the email said.

The tech giant laid off thousands throughout 2023, beginning with a 6% reduction of its global workforce — about 12,000 people — last January.

Discord laid off 170 employees.

Discord employees learned about the layoffs in an all-hands meeting and a memo sent by CEO Jason Citron in early January.

"We grew quickly and expanded our workforce even faster, increasing by 5x since 2020," Citron said in the memo. "As a result, we took on more projects and became less efficient in how we operated."

In August 2023, Discord reduced its headcount by 4%. According to CNBC, the company was valued at $15 billion in 2021.

Citi will cut 20,000 from its staff as part of its corporate overhaul.

The layoffs announced in January are part of a larger Citigroup initiative to restructure the business and could leave the company with a remaining head count of 180,000 — excluding its Mexico operations.

In an earnings call that month, the bank said that layoffs could save the company up to $2.5 billion after it suffered a "very disappointing" final quarter last year.

Amazon-owned Twitch also announced job cuts.

Twitch announced on January 10 that it would cut 500 jobs, affecting over a third of the employees at the live-streaming company.

CEO Dan Clancy announced the layoffs in a memo, telling staff that while the company has tried to cut costs, the operation is "meaningfully" bigger than necessary.

"As you all know, we have worked hard over the last year to run our business as sustainably as possible," Clancy wrote. "Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch."

BlackRock is planning to cut 3% of its staff.

Larry Fink, BlackRock's chief executive, and Rob Kapito, the firm's president, announced in January that the layoffs would affect around 600 people from its workforce of about 20,000.

However, the company has plans to expand in other areas to support growth in its overseas markets.

"As we prepare for 2024 and this very exciting but distinctly different landscape, businesses across the firm have developed plans to reallocate resources," the company leaders said in a memo.

Rent the Runway is slashing 10% of its corporate jobs as part of a restructuring.

In the fashion company's January announcement, COO and president Anushka Salinas said she will also be leaving the firm, Fast Company reported.

Unity Software is eliminating 25% of its workforce.

Around 1,800 jobs at the video game software company will be affected by the layoffs announced, Reuters reported in January.

eBay cut 1,000 jobs

In a January 23 memo, CEO Jamie Iannone told employees that the eBay layoffs will affect about 9% of the company's workforce.

Iannone told employees that layoffs were necessary as the company's "overall headcount and expenses have outpaced the growth of our business."

The company also plans to scale back on contractors.

Microsoft is reportedly cutting 650 more jobs from its Xbox division

Microsoft will be laying off hundreds of employees in its Xbox gaming division, Bloomberg first reported in September.

The job cuts will mainly affect workers in corporate and support functions, the outlet reported, citing a memo sent by Microsoft Gaming chief Phil Spencer.

However, he reportedly added that the company is not planning to close any studios or remove any games or devices.

This comes after the company also slashed 1,900 workers at Activision, Xbox, and ZeniMax in late January.

Nearly three months after Microsoft acquired video game firm Activision Blizzard, the company announced layoffs in its gaming divisions. The layoffs mostly affect employees at Activision Blizzard.

Xbox in May also reportedly offered some employees voluntary severance packages after shutting three units and absorbing a fourth earlier in the month.

Salesforce is cutting 700 employees across the company, The Wall Street Journal reported

Salesforce announced a round of layoffs that the company says will affect 1% of its global workforce, The Journal reported in late January.

The cuts followed a wave of cuts at the cloud giant last year. In 2023, Marc Benioff's company laid off about 10% of its total workforce — or roughly 7,000 jobs. The CEO said the company over-hired during the pandemic.

iRobot is laying off around 350 employees and founder Colin Angle will step down as chairman and CEO

The company behind the Roomba Vacuum announced layoffs in late January around the same time Amazon decided not to go through with its proposed acquisition of the company, the Associated Press reported.

UPS will cut 12,000 jobs in 2024.

The UPS layoffs will affect 14% of the company's 85,000 managers and could save the company $1 billion in 2024, UPS CEO Carol Tomé said during a January earnings call.

Paypal CEO Alex Chriss announced the company would lay off 9% of its workforce.

Announced in late January, this round of layoffs will affect about 2,500 employees at the payment processing company.

"We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our customers and drive profitable growth," CEO Alex Chriss wrote in a January memo. "At the same time, we will continue to invest in areas of the business we believe will create and accelerate growth."

Okta is cutting roughly 7% of its workforce.

The digital-access-management company announced its plans for a "restructuring plan intended to improve operating efficiencies and strengthen the Company's commitment to profitable growth" in an SEC filing in February.

The cuts will impact roughly 400 employees.

Okta CEO Todd McKinnon told staff in a memo that "costs are still too high," CNBC reported.

Snap has announced more layoffs.

The company behind Snapchat announced in February that it's reducing its global workforce by 10%, according to an SEC filing.

Estée Lauder said it will eliminate up to 3,100 positions.

The cosmetics company announced in February that it would be cutting 3% to 5% of its roles as part of a restructuring plan.

Estee Lauder reportedly employed about 62,000 employees around the world as of June 30, 2023.

DocuSign is eliminating roughly 6% of its workforce as part of a restructuring plan.

The electronic signature company said in an SEC filing in February that most of the cuts will be in its sales and marketing divisions.

Zoom is slashing 150 jobs

Zoom announced 150 job losses in February, which amounted to about 2% of its workforce. It had announced it was laying off 1,300 people the previous February.

Paramount Global is laying off 800 employees days after record-breaking Super Bowl

In February, Paramount Global CEO Bob Bakish sent a memo to employees announcing that 800 jobs — about 3% of its workforce — were being cut.

Deadline obtained the memo less than a month after reporting plans for layoffs at Paramount. The announcement comes on the heels of Super Bowl LVIII reaching record-high viewership across CBS, Paramount+, and Nickelodeon, and Univision.

Morgan Stanley is trimming its wealth management division by hundreds of staffers

Morgan Stanley is laying off several hundred employees in its wealth-management division, the Wall Street Journal reported in February, representing roughly 1% of the team.

The wealth-management division has seen some slowdown at the start of 2024, with net new assets down by about 8% from a year ago. The layoffs mark the first major move by newly-installed CEO Ted Pick, who took the reins from James Gorman on January 1.

Expedia Group is cutting more than 8% of its workforce

An Expedia spokesperson told BI that it was implementing cutbacks, as part of an operational review, that were expected to impact 1,500 roles this year.

The company's product and technology division is set to be the worst hit, a report from GeekWire said, citing an internal memo CEO Peter Kern sent to employees in late February.

"While this review will result in the elimination of some roles, it also allows the company to invest in core strategic areas for growth," the spokesperson said.

"Consultation with local employee representatives, where applicable, will occur before making any final decisions," they added.

Sony is laying off 900 workers

The cuts at Sony Interactive Entertainment swept through its game-making teams at PlayStation Studios.

Insomniac Games, which developed the hit Spider-Man video game series, as well as Naughty Dog, the developers behind Sony's flagship 'The Last of Us' video games' were hit by the cuts, the company announced on February 27.

All of PlayStation's London studio will be shuttered, according to the proposal.

"Delivering and sustaining social, online experiences – allowing PlayStation gamers to explore our worlds in different ways – as well as launching games on additional devices such as PC and Mobile, requires a different approach and different resources," PlayStation Studios boss Hermen Hulst wrote.

Hulst added that some games in development will be shut down, though he didn't say which ones.

In early February, Sony said it missed its target for selling PlayStation 5 consoles. The earnings report sent shares tumbling and the company's stock lost about $10 billion in value.

Bumble slashed 30% of its workforce

On February 27, the dating app company announced that it would be reducing its staff due to "future strategic priorities" for its business, per a statement.

The cuts will impact about 30% of its about 1,200 person workforce or about 350 roles, a representative for Bumble told BI by email.

"We are taking significant and decisive actions that ensure our customers remain at the center of everything we do as we relaunch Bumble App, transform our organization and accelerate our product roadmap," Bumble Inc CEO Lidiane Jones said in a statement.

Electronic Arts reduced its workforce by 5%

Electronic Arts is laying off about 670 workers, equating to 5% of its workforce, Bloomberg reported in late February.

The gaming firm axed two mobile games earlier in February, which it described as a difficult decision in a statement issued to GamesIndustry.biz.

CEO Andrew Wilson reportedly told employees in a memo that it would be "moving away from development of future licensed IP that we do not believe will be successful in our changing industry."

Wilson also said in the memo that the cuts came as a result of shifting customer needs and a refocusing of the company, Bloomberg reported.

IBM cut staff in marketing and communications

IBM's chief communications officer Jonathan Adashek told employees on March 12 that it would be cutting staff, CNBC reported, citing a source familiar with the matter.

An IBM spokesperson told Business Insider in a statement that the cuts follow a broader workforce action the company announced during its earnings call in January.

"In 4Q earnings earlier this year, IBM disclosed a workforce rebalancing charge that would represent a very low single-digit percentage of IBM's global workforce, and we expect to exit 2024 at roughly the same level of employment as we entered with," they said.

IBM has also been clear about the impact of AI on its workforce. In May 2023, IBM's CEO Arvind Krishna said the company expected to pause hiring on roles that could be replaced by AI, especially in areas like human resources and other non-consumer-facing departments.

"I could easily see 30% of that getting replaced by AI and automation over a five-year period," Krishna told Bloomberg at the time.

Amazon is laying off hundreds in its cloud division in yet another round of cuts this year

Amazon is cutting hundreds of jobs from its cloud division known as Amazon Web Services, Bloomberg reported on April 3.

The reduction will impact employees on the sales and marketing team and those working on tech for its retail stores, Bloomberg reported.

"We've identified a few targeted areas of the organization we need to streamline in order to continue focusing our efforts on the key strategic areas that we believe will deliver maximum impact," an Amazon spokesperson told Bloomberg.

On March 26, Amazon announced another round of job cuts after the company said it was slashing 'several hundred' jobs at its Prime Video and MGM Studios divisions earlier this year to refocus on more profitable products.

"We've identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact," Mike Hopkins, SVP of Prime Video and Amazon MGM Studios, told employees in January.

This year's cuts follow the largest staff layoff in the company's history. In 2023, the tech giant laid off 18,000 workers.

Apple has cut over 700 employees across its self-driving car, displays, and services groups

Apple slashed its California workforce by more than 600 employees in April.

The cuts came after Apple decided to withdraw from its car and smartwatch display projects.

The tech giant filed a series of notices to comply with the Worker Adjustment and Retraining Notification program. One of the addresses was linked to a new display development office, while the others were for the company's EV effort, Bloomberg reported.

Apple officially shut down its decadelong EV project in February. At the time, Bloomberg reported that some employees would move to generative AI, but others would be laid off.

Bloomberg noted that the layoffs were likely an undercount of the full scope of staff cuts, as Apple had staff working on these projects in other locations.

In late August, Bloomberg reported that Apple was slashing 100 jobs in its services group, citing people familiar with the matter.

The layoffs mainly involved people working on the Apple Books app and the Apple Bookstore, Bloomberg reported. Cuts were also made to other service teams like Apple News, the outlet added.

Representatives for Apple did not respond to a request for comment from Business Insider sent outside normal business hours.

Tesla laid off over 10% of its workforce

Tesla CEO Elon Musk sent a memo to employees on April 14, at nearly midnight in California, informing them of the company's plan to cut over 10% of its global workforce.

In his companywide memo, Musk cited "duplication of roles and job functions in certain areas" as the reason behind the reductions.

An email sent to terminated employees, obtained by BI, read: "Effective now, you will not need to perform any further work and therefore will no longer have access to Tesla systems and physical locations."

On April 29, Musk reportedly sent an email stating the need for more layoffs at Tesla. He also announced the departure of two executives and said that their reports would also be let go. Six known Tesla executives have left the company since layoffs began in April.

Grand Theft Auto 6 publisher Take-Two Interactive is reducing its workforce by 5%

Take-Two Interactive, the parent company of Rockstar Games, said on April 16 that it would be "eliminating several projects" and reducing its workforce by about 5%.

The move — a part of its larger "cost reduction program" — will cost the video game publisher up to $200 million. It's expected to be completed by December 31.

As of March 2023, the company said it employed approximately 11,580 full-time workers.

Peloton announced it was reducing its staff by 15% as the CEO stepped down

Peloton CEO Barry McCarthy is stepping down, the company announced May 2. Along with his departure, the fitness company is also laying off about 400 workers.

McCarthy is leaving his role just two years after replacing John Foley as CEO and president in 2022. Peloton said the changes are expected to reduce annual expenses by over $200 million by the end of fiscal 2025 as part of a larger restructuring plan.

Indeed is cutting 1,000 workers after laying off 2,200 in 2023

Careers site Indeed says it will lay off roughly 1,000 employees, or 8% of its workforce, as it looks to simplify its organization.

CEO Chris Hyams took responsibility for "how we got here" in a memo in May but said the company is not yet set up for growth after last year's global hiring slowdown caused multiple quarters of declining sales.

Hyams said the latest cuts will be more concentrated in the US and primarily affect R&D and Go-to-Market teams. It comes after last year's across-the-board reduction of 2,200 workers.

Walmart is axing hundreds of corporate jobs

Retail giant Walmart is cutting hundreds of corporate jobs and asking remote employees to come to work, The Wall Street Journal reported in May, citing people familiar with the matter.

Workers in smaller offices, such as those in Dallas, Atlanta, and Toronto, are also being asked to move to central locations like Walmart's corporate headquarters in Arkansas or those in New Jersey or California, the Journal reported.

Under Armour is slashing an unspecified number of jobs, incurring $22 million in severance costs

Under Armour confirmed it was conducting layoffs in its quarterly earnings report, which was released May 16.

The company said it will pay out employee severance and benefits expenses of roughly $15 million in cash-related and $7 million in non-cash charges this year related to a restructuring plan, with close to half of that occurring in the current fiscal quarter.

"This is not where I envisaged Under Armour playing at this point in our journey," CEO Kevin Plank told investors on the company's full-year earnings call. "That said, we'll use this turbulence to reconstitute our brand and business, giving athletes, retail customers and shareholders bigger and better reasons to care about and believe in Under Armour's potential."

Pixar cuts about 175 people in pivot back to feature films

Disney's Pixar Animation Studios is cutting 175 people, about 14% of its staff, Reuters reported.

The cuts started on May 21 as the studio returns to its focus on feature-length movies. Former Disney CEO Bob Chapek, who was axed in 2022, had increased staff across studios to create more content for the company's streaming service, Disney+.

Pixar cut 75 jobs last year, Reuters previously reported, part of a larger restructuring across Disney.

Lucid Motors is slashing around 400 jobs

In a regulatory filing, Lucid Motors said it would lay off about 400 employees as part of a restructuring plan that should be complete by the end of the third quarter.

"I'm confident Lucid will deliver the world's best SUV and dramatically expand our total addressable market, but we aren't generating revenue from the program yet," CEO Peter Rawlinson said in an email to employees obtained by TechCrunch.

The cuts come ahead of Lucid's launch of its first electric SUV later this year. It comes over a year after the California-based company laid off 1,300 employees, TechCrunch previously reported.

John Deere is laying off over 600 employees

John Deere, maker of the iconic green-and-yellow tractors, is laying off over 600 employees at factories in Illinois and Iowa, the AP reported July 1.

In May, John Deere said sales fell for the third consecutive quarter and projected that the declines would continue in the second half of its fiscal year.

Burberry is expected to cut 100s of jobs

London-based luxury retailer Burberry is expected to cut hundreds of jobs in the coming weeks, the Telegraph reported July 6.

Employees learned about the cuts in late June when they were told in a Zoom meeting that their roles could be eliminated or that they would need to apply for other jobs, according to the Telegraph.

Intuit announced cuts on July 10

Intuit announced on July 10 that it's cutting its workforce by 10%. The layoffs will affect 1,800 employees nationwide, but the company plans to hire 1,800 new employees in "key areas" like engineering, InvestorPlace reports.

The refocus on other areas is following a shift in focus on AI within the company, according to the outlet.

Intuit's stock dropped by 4.01% on July 10 after the company announced the layoffs.

Tinder parent Match group plans to cut 6% of jobs

Match Group, the parent company of Tinder and Hinge, said on July 30 that it would reduce its global workforce by about 6%, or about 156 employees because it is exiting the livestreaming business.

Match said it would remove the livestreaming service from its app Plenty of Fish and sunset the Hakuna app, which focuses on Korea and Japan.

The reduction in workforce is expected to save the company $13 million in annual costs.

Disney cuts 140 jobs across its TV division

Deadline and Bloomberg reported in July that Disney was making cuts across its TV division, to the tune of roughly 140 jobs — or 2% of the staff at Disney Entertainment Television (DET).

Layoffs will impact National Geographic, owned television stations, the marketing and publicity departments, and Freeform, per a source close to the matter, which notes no teams have been eliminated.

While Disney's cable TV business generates billions, it's on the decline, Bloomberg reports, and the company is seeking to cut costs.

Last year, Disney slashed 7,000 jobs across multiple rounds of layoffs as part of a strategy implemented by returning CEO Bob Iger.

Intel plans to eliminate thousands of jobs

Intel plans to cut thousands of jobs in response to a second-quarter earnings slump, Bloomberg reported earlier this week, citing unnamed people familiar with the move.

It was officially announced on August 1, as it posted Q2 earnings. The company intends to reduce its workforce by 15% by the end of 2024.

"Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones," Intel CEO Pat Gelsinger said in a statement. "Second-half trends are more challenging than we previously expected, and we are leveraging our new operating model to take decisive actions that will improve operating and capital efficiencies while accelerating our IDM 2.0 transformation."

Intel's stock was down following the lackluster earnings.

The layoffs come after the chip maker laid off about 5% of its workforce last year, bringing its head count down to around 124,000, Bloomberg reported.

During the last round of layoffs, announced in October 2022, Intel faced a drop in demand for processors for personal computers and estimated the layoffs would save $10 billion in costs by 2025, per Bloomberg.

Intel did not immediately respond to a request for comment.

WW International is cutting jobs in corporate

Diet program creator WW International, formerly WeightWatchers, plans to lay off employees, it said in an earnings call on August 1.

The company did not specify the number of jobs it will cut. But the layoffs will largely focus on corporate positions, including a 40% cut in roles above and at the vice president level.

The cuts are expected to save the company $60 million, the company's chief financial officer said.

Dell is cutting sales jobs in new focus on AI products

Dell is cutting jobs on its sales team, Bloomberg reported. It wasn't immediately clear how many jobs Dell planned to eliminate.

In a memo announcing the cuts, company executives said that the choice was part of a restructuring to focus more on selling AI products and data center services, Bloomberg reported.

Dell did not immediately respond to a request for comment from BI, but a spokesman told Bloomberg: "Through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company."

Paramount Global announced it plans to slash 15% of its US workforce

Paramount Global is planning to cut about 2,000 jobs ahead of its merger with Skydance Media, CNBC reported.

The company identified $500 million in cost savings as it prepared to join forces with Skydance, totalling about 15% of its US workforce, according to the outlet.

The cuts will begin in a few weeks and will mostly be finished by the end of 2024. Paramount employees in marketing and communications, finance, legal, technology, and other support functions have been targeted, the company said on an earnings call.

The cuts come about a month after Paramount agreed to merge with Skydance. Paramount shares jumped more than 5% after hours.

Stellantis is slashing white-collar and factory jobs

In August, the owner of Jeep and Dodge announced it is cutting 2,450 factory workers from its Warren Truck assembly plant outside Detroit.

The layoffs come because the company is ending production of the Ram 1500 Classic truck, Stellantis said. These factory cuts came after white-collar jobs were axed earlier this year.

On March 22, the company said it would lay off employees on its engineering, technology, and software teams in an effort to cut costs, CNBC reported.

Stellantis announced plans for another round of layoffs on July 30, according to Bloomberg. The company is offering voluntary buyouts to non-unionized US employees to "assist those interested in pursuing other career options or retirement," Stellantis said in a message seen by Bloomberg.

The job cuts, the total number of which remains unknown, come after a difficult first half of the year, with unit sales sinking by 16% in the US.

Sonos laid off about 6% of its workforce

The audio equipment company said it slashed roughly 100 jobs in August. The layoffs significantly targeted its marketing division, The Verge reported.

CEO Patrick Spence said in a statement to BI that the company is now focusing on departing employees and "ensuring they have the support they need."

"This action was a difficult, but necessary, measure to ensure continued, meaningful investment in Sonos' product roadmap while setting Sonos up for long term success," Spence said.

Sonos is also reducing some of its customer support offices and will close one in Amsterdam later this year, according to The Verge.

The company previously cut around 7% of its workforce in June 2023, a month after it announced a 24% revenue drop in the second quarter compared to the previous year.

Cisco announced two rounds of layoffs this year

In February, networking company Cisco announced it was slashing 5% of its workforce, upward of 4,000 jobs, Bloomberg reported.

The company said it was restructuring after an industry-wide pullback in corporate tech spending — which execs said they expect to continue through the first half of the year.

On August 14, in a filing, Cisco said it would further reduce its global workforce by 7% amid sales and revenue declines. Reuters reported earlier that the company was slashing around 4,000 jobs as it shifted attention to cybersecurity and artificial intelligence.

Per its latest annual filing, Cisco had about 85,000 employees as of July 2023.

GoPro is laying off nearly 140 employees

Long-troubled GoPro is laying off 15% of its 925 current employees, the company said in a filing.

The action sports camera maker reported a net loss of nearly $48 million in the quarter that ended in June, adding to a streak of consecutive losses.

The company laid off 4% of its staff in March.

Shell is reportedly planning for major cuts in its oil exploration division

Oil giant Shell will slash its workforce in oil and gas exploration and development by 20%, according to an August 29 report from Reuters. Company sources reportedly cited intentions to cut costs in the highly profitable segments due to "deep cuts in renewables and low-carbon businesses."

Exploration, wells development, and subsurface units will face hundreds of layoffs globally, with offices in Houston, The Hauge, and Britain expected to take the biggest hit, the sources told Reuters.

A Shell spokesperson would not comment directly on the layoffs but told Business Insider that, "Shell aims to create more value with less emissions by focusing on performance, discipline and simplification across the business."

"That includes delivering structural operating cost reductions of $2-3 billion by the end of 2025, as announced at our Capital Markets Day event in June 2023," the spokesperson added.

Goldman Sachs plans to lay off more than 1,300 workers, The Wall Street Journal reported

The global investment bank is set to cut hundreds of employees during annual reviews this year, The Wall Street Journal reported, citing people familiar with the situation.

Goldman Sachs is targeting low performers with the intention of laying off between 3% and 4% of its global workforce, equaling somewhere between 1,300 and 1,800 people, according to the outlet.

The cuts are already underway and will continue in the coming months, one person told the outlet. Goldman typically tries to cut anywhere from 2% to 7% of employees each year, per The Journal.

Gwyneth Paltrow's Goop is cutting 18% of staff

Goop is cutting 18% of its 216-person staff, citing a change to its organization, WWD wrote in September. It will now focus on beauty, fashion, and food — specifically its Goop Beauty and good.clean.goop beauty brands, G.Label clothing line, and Goop Kitchen restaurants.

That means it's moving away from wellness, home, travel, and sexual wellness, some of which are categories that once defined the brand.

Samsung plans to cut jobs globally this year, Reuters reported

Samsung is planning to cut jobs this year, a move that will impact workers in the US, Europe, Asia, and Africa, Reuters reported.

The electronic devices maker will cut up to 30% of staff in some divisions, the report says. It is unclear how many jobs will be impacted.

Samsung told Reuters in a statement that the workforce adjustments would not impact its production staff and that no specific targets for the cuts are in place.

Verizon is laying off 4,800 US employees

Verizon is letting go of 4,800 US-based management employees in a voluntary separation program.

The company said in a Securities and Exchange Commission filing that more than half of these employees would exit in September, while the rest will leave by the end of March 2025.

The telecommunications giant expects severance charges to cost as much as $1.9 billion before tax in the third quarter of this year.

General Motors is laying off about 1,700 employees in Kansas

General Motors is laying off 1,695 employees at its Fairfax plant in Kansas, the company said in a Worker Adjustment and Retraining Notification notice in mid-September.

The layoffs will begin in mid-November, and a second phase will continue in January, Reuters reported, citing a GM spokesperson. It is unclear which departments will be affected, but about 1,450 of these employees will be laid off temporarily, the spokesperson said.

In August, the carmaker laid off over 1,000 workers, or 1.3% of its workforce.

The August layoffs came primarily from GM's software and services business, which it had bulked up over the past few years. Last year, the company brought on two former Apple executives to run the unit.

Flexport conducts second round of layoffs in 2024

US logistics startup Flexport is laying off another 2% of its US staff this week as it aims to cut costs and reorganizes its retail delivery business.

The fulfillment center-focused cuts amount to about 40 people and were first reported by The Information, citing an internal memo.

In January, Flexport cut 15% of its staff, or around 400 people. Those cuts came after Flexport founder and CEO Ryan Petersen initiated a 20% reduction of its workforce of an estimated 2,600 employees in October 2023.

Flexport kicked off 2024 with the announcement that it raised $260 million from Shopify and made "massive progress toward returning Flexport to profitability."

NYCB's Flagstar Bank cuts 700 jobs

New York Community Bancorp's Flagstar Bank will cut 8% of its workforce, or 700 jobs, as it aims to revamp its business, the company's CEO, Joseph Otting, said in a statement on October 17.

An additional 1,200 employees will be laid off at the end of the quarter after the company sells its residential mortgage business.

NYCB is also changing its name to Flagstar Financial as part of the turnaround efforts after losses from its commercial real estate portfolio.

Chief, a networking group for female executives, made cuts across the company

Chief, which has positioned itself as the nation's largest network of senior executive women, confirmed to Business Insider on October 20 that it has shed roles.

The company told BI that the cuts, which had already been announced internally, mainly impacted "our technology and administrative functions."

"Like many companies, we are balancing growth and profitability," the spokesperson added.

In a June press release, the American company said 40% of its members were C-suite executives and that they represent more than 10,000 companies.

In April 2023, Chief cut 14% of its workforce in what the founders called a "challenging economic environment," TechCrunch reported at the time.

This January, the company said it would close its London offices — opened one year previously — to refocus on the American market.

Visa will reportedly lay off around 1,400 people

Visa plans to lay off around 1,400 workers this year, The Wall Street Journal reported on October 29.

In a statement provided to BI, a Visa spokesperson said the company expects to grow its workforce for the foreseeable future but that it is continuously evolving to serve clients, innovate, and grow, "which can lead to the elimination of some roles."

"When this happens, we are committed to supporting our employees," the spokesperson added.

Workers affected by layoffs included employees and contractors, with more than 1,000 in technology roles, the Journal reported, citing unnamed sources familiar with the situation. Visa has more than 30,000 employees.

Dropbox is slashing around 20% of its global workforce

The cloud storage company is laying off 528 employees, targeting "over-invested or underperforming" areas, CEO Drew Houston announced in an email sent to employees.

"As CEO, I take full responsibility for this decision and the circumstances that led to it, and I'm truly sorry to those impacted by this change," Houston wrote.

The Dropbox chief cited diminishing demand and macro headwinds in the company's core business, as well as excessive management levels, as contributing factors.

The layoffs come as the company is undergoing a "transitional period" with its growing File Sync and Share (FSS) business and greater efforts on products like Dash, Dropbox's AI-powered work assistant.

KPMG plans to cut nearly 4% of its US audit workforce.

Consulting giant KPMG informed about 330 people, or less than 4%, in its US audit workforce that they would be laid off within the next couple of weeks, a spokesperson told BI.

"The actions reflect our ongoing focus to align the size, shape and skills of our workforce to the market, while addressing continued low levels of attrition," the spokesperson said in a written statement.

This follows an earlier round of layoffs in March, as well as another one last summer, that also affected the company's audit unit, similarly due to low levels of voluntary exits, the spokesperson said.

Nissan said it will slash 9,000 jobs globally.

Japanese automobile giant Nissan said during its November earnings release that it would be cutting 9,000 jobs in an attempt to save money.

The car company reported lower revenue for the period, which it attributed to higher selling and production costs. Nissan said it brought in about 32 million yen, or $208 million, at the end of the first half of the fiscal year — a steep drop from the $1.4 billion it reported for the same time last year.

In addition to a 20% production capacity reduction, CEO Makoto Uchida will give up 50% of his compensation and other executives have taken voluntary pay cuts.

NASA JPL plans to cut about 5% of its workforce.

NASA's Jet Propulsion Laboratory in California is cutting its workforce for the second time this year.

In November, the agency announced it plans to lay off 325 employees, or about 5% of its workforce. The cuts follow a round of layoffs in February, where JPL cut 530 employees.

"Although we can never have perfect insight into the future, I sincerely believe that after this action we will be at a more stable workforce level moving forward," JPL Director Laurie Leshin wrote in a company-wide memo.

Leshin added that the reductions affect all areas of JPL including technical, project, business, and support areas. The layoffs are the result of "continued funding challenges" Leshin wrote.

JPL is responsible for some of NASA's most daring feats like landing the Curiosity rover on Mars and guiding Voyagers 1 and 2 into interstellar space.

Associated Press will lay off 8% of its global staff.

The Associated Press in November announced plans to reduce its staff by 8% through a combination of buyouts and layoffs.

"This is about ensuring AP's important role as the only truly independent news organization at scale during a period of transformation in the media industry," The Associated Press said in a statement about the cuts.

The union representing a portion of AP members indicated 121 of its guild members would be offered buyouts before layoffs began, per AP.

Less than half of the expected cuts will involve news employees, the outlet reported, and though the AP has bureaus around the world, a majority of the staff reduction will occur within the United States.

Sotheby's laid off 100 workers.

Sotheby's cut 100 employees from its New York offices on Tuesday, the company confirmed to multiple publications. The layoffs include back-office workers, junior staffers, and specialists, reports said.

The layoffs come as the auction market has experienced a recent slowdown in sales and earnings. The company also previously cut about 50 employees in its London location, Art News reported.

Sotheby's recently closed a deal in October for Abu Dhabi investment company ADQ to acquire a minority stake in the company. ADQ said in a press release about the deal that the $1 billion investment was meant to support Sotheby's domestic and international expansion plans.

Sotheby's did not immediately respond to a request for comment from BI.

Wells Fargo plans to cut over 700 workers in Oregon.

Wells Fargo filed two WARN notices on December 4 sharing plans to lay off over 700 workers in Oregon, including 500 people from its Hillsboro location and 221 employees from its Salem office. It also plans to shut down both offices.

The company said in its filing that it verbally notified employees of the changes on December 3, and plans to deliver formal notices for displacement in the fourth quarter of 2025. Wells Fargo said it will provide more details on impacted roles at a later time.

Those who don't get relocated into other roles within the business are eligible to receive severance based on years of service and their opportunity to use the company health plan at active rates, the filing said.

"We continue to bring the majority of our non-customer facing positions together in locations best suited for our customers and our company," a Wells Fargo spokesperson told BI. "This effort does not impact our commitment to serving customers and clients."