BREAKING: Glassdoor is laying off 140 employees (15%), according to an internal memo.
Just hours ago, Indeed announced its own 15% layoff, affecting 2,200 employees.
Glassdoor and Indeed are owned by the same parent company
More and more tech companies conducting multiple rounds of layoffs, after finding that their previous rounds weren't enough.
Just today:
- Spotify cut 17% of its team, its 3rd layoff this year
- Twilio cut 5% of its team, its 3rd layoff since last September
Biggest tech layoffs so far in 2024:
- SAP (8,000 employees)
- Cisco (4,250)
- PayPal (2,500)
- Microsoft (1,900)
- Unity (1,800)
- Wayfair (1,650)
2024 YTD total: Over 34,500 employees laid off
Source:
Tech companies w/ Jan layoffs:
Google
-Jan '23: Laid off 12,000
-Jan '24: Laid off >1,000
Amazon
-Jan '23: Laid off 8,000
-Jan '24: Laid off a few hundred
Wayfair
-Jan '23: Laid off 1,750
-Jan '24: Laid off 1,650
Also Unity, Citrix, Vroom, SoFi
See
ZipRecruiter laid off 270 employees (20%) today, according to an SEC filing.
This follows layoffs from Indeed (2,200 employees) and Glassdoor (140 employees) in March.
Why layoffs in January?
- Companies do annual budgeting, execute layoffs in Jan as a result of financial planning exercise
- Tech companies think they didn't cut enough last year, now going back and making additional targeted cuts
Sonder laid off 250 employees today (21% of corporate staff), according to an internal memo. The apartment rental startup also downsized in March 2020, during the first wave of COVID-related layoffs.