In January, over 20,000 people got laid off from 85 tech companies – the highest since March’s 38,000 job cuts. Big names like SAP axed 8,000, Microsoft bid farewell to 1,900 in gaming, and eBay slashed 1,000 jobs (9% of its workforce). Even Salesforce cut 1% of its global staff (about 700 people).

Back home, Flipkart is sizing down by 5-7%, Curefit let go of 120 employees, and Swiggy is gearing up for layoffs before its IPO. Google admitted to slashing jobs, and Amazon cut hundreds of positions across Prime Video, MGM Studios, Twitch, and Audible.

Unity is trimming 25%, and Discord, popular among gamers, is shedding 17% of its workforce. Riot Games, the force behind “League of Legends,” cut 11%, eliminating 530 jobs.

This comes right before the tech giants – Alphabet, Amazon, Apple, Meta, and Microsoft – report their quarterly results.

Last January, 277 tech companies cut nearly 90,000 jobs. Layoffs peaked as the tech industry faced the end of a decade-long bull market. Mark Zuckerberg dubbed 2023 as Meta’s “year of efficiency.”

In a nutshell:

• Over 20,000 laid off in January from 85 tech firms.
• Big players like SAP (8,000), Microsoft (1,900), and eBay (1,000) cutting jobs.
• Flipkart, Curefit, and Swiggy also downsizing.
• Google and Amazon slashing jobs.
• Unity and Discord cutting significant percentages.
• Riot Games eliminating 11%.
• Tech giants reporting quarterly results soon.
• Layoffs peaked in January 2023.
• Zuckerberg labeled 2023 as Meta’s “year of efficiency.”

Job cuts are always challenging, impacting individuals and the industry. The tech world is no exception, facing significant changes as companies readjust. Stay tuned for updates as the industry navigates these shifts.

Nearly 24,000 tech employees have lost jobs so far in 2024, according to tracker https://t.co/Uvg6YvMXgm. https://t.co/S4sWzShfjz pic.twitter.com/UxUwQZoJTE

— CNBC (@CNBC) January 26, 2024