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Signs that may indicate a firm is more likely to conduct layoffs include
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Layoffs declined in 2024 compared to the previous year, but are expected to continue into 2025, although likely not at the level seen in 2023.
Key facts
- In 2024: At least 95,667 workers at U.S.-based tech companies lost their jobs in 2024, according to a Crunchbase News tally
- Layoffs during the weeks ended June 17, 2026: At least 427 U.S. tech sector employees were laid off or scheduled for layoffs, per a Crunchbase News tally
- Tech layoffs started to surge in 2022 and continued in 2023 and 2024
- Tech layoffs noticeably increased at the start of 2022, ramped up in 2023, waned somewhat in 2024 and have continued in 2025
Summary
Stock and crypto trading platform Robinhood leads the layoffs tracker this week. Electric vehicle-maker Rivian has also laid off “hundreds of workers” in its service and customer organization, representing about 2% of its workforce, according to a report by The Wall Street Journal. Santa Clara, California-based ServiceNow, whose cloud-based platform is used by large companies to automate organizational workflows across departments, is reportedly shedding at least 63 positions at its San Diego office as well as “dozens more across California.” Former employees speculated in the report by the San Diego Union Tribune that the total could go as high as 2,500. Layoffs during the weeks ended June 17, 2026: At least 427 U.S. tech sector employees were laid off or scheduled for layoffs, per a Crunchbase News tally. In 2025: Around 127,000 workers were let go from U.S.-based tech companies according to their tally.