US startups and tech companies with job cuts in 2022
After a banner year for tech, layoffs are here. In fact, in early June, more than 19,000 US tech workers have been laid off in massive job cuts so far in 2022, according to a tally by Crunchbase News.
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Tech companies as big as netflix cut jobs this year, with some citing the effects of the COVID-19 pandemic and others pointing to overhiring during periods of rapid growth. Robin Hood, More shiny and Better are just a few of the tech companies that significantly downsized in 2022.
To keep tabs, we’ve compiled a list of US-based tech companies that have laid off employees so far this year.
New additions last week include Stitch Fix, Bird, Convoy, Jellysmack, and BlockFi.
Last update: June 13, 2022
Public markets were hit hard in 2022, and this trickled down to private markets. Inflation concerns, rising interest rates and geopolitical issues have all contributed to a seesaw in the stock market.
Startups, especially those that have benefited from a pandemic boom that is starting to subside, are also starting to feel the pressure. Valuations, especially in the late stage, have started to fall, and startups say it’s much harder to raise new money in this environment.
We included both startups and publicly traded companies based in the United States. We’ve also included companies based elsewhere that have a large team in the US, like Klarna, even when it’s unclear what proportion of the US workforce has been affected by the layoffs.
We found the layoffs in the media, social media posts and layoffs.fyia participatory database on technological layoffs.
Are we missing something?
We hope this database is as comprehensive as possible, so if we have overlooked any companies or if your company is experiencing layoffs, please let us know by fill in this form.
This layoff tracker will be updated at least once a week, if not more frequently.
Illustration: Dom Guzman
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