In 2023, More Than 191,000 Employees in U.S. Tech Firms Faced Layoffs

224 

In 2023, over 191,000 workers in U.S.-based tech companies were laid off, with major reductions at Amazon (16,080 roles), Alphabet (12,000 roles), Microsoft (11,158 roles), and Meta (10,000 roles). As of the first week of 2024, at least 224 workers have already lost their jobs in U.S. tech companies, indicating a continued trend of layoffs in the tech sector. 

225 

UPS recently announced the elimination of 225 jobs at Louisville’s Centennial Hub, affecting part-time warehouse workers in daytime sort shifts. The layoffs are part of broader workforce reductions driven by automation and cost-cutting measures, highlighting the vulnerability of certain jobs to technological advancements in the logistics industry. 

216,000 

The U.S. economy added 216,000 jobs in December, surpassing expectations, while the unemployment rate remained at 3.7%. However, revisions revealed 71,000 fewer job additions in October and November, and a notable 676,000 people left the labor force, leading to a decline in the labor force participation rate to 62.5%, the lowest since February. 

15% 

In 2023, start-up tech layoffs increased by 15% compared to the previous year, with a significant portion occurring in the edtech sector, according to reports. The surge in layoffs underscores the challenges faced by start-ups in the tech industry, particularly in the education technology domain. 

15% 

Xerox has announced plans to cut 15% of its workforce, reflecting a significant downsizing move by the company. This decision to reduce staff by 15% underscores ongoing challenges in the business environment that are prompting companies to streamline operations and cut costs.