"Tech Layoffs: Etsy, FourKites, and the Impact of Flat Sales"
TL;DR Summary
The tech industry has experienced over 240,000 job losses in 2023, surpassing last year's total by 50%. Major tech companies like Google, Amazon, Microsoft, Yahoo, Meta, and Zoom have implemented mass layoffs, while startups across various sectors have also announced cutbacks. Despite hopes of a tech sector rebound, companies continue to downsize due to market conditions. Layoffs.fyi reports that the total number of tech layoffs in 2023 has already exceeded the total for 2022. A comprehensive list of tech layoffs is provided, including recent layoffs at Cruise, Etsy, Chipper Cash, SmileDirectClub, and Sunfolding.
- A comprehensive list of 2023 tech layoffs TechCrunch
- Etsy stock falls after company lays off 11% of its staff, citing ‘very challenging’ environment CNBC
- Etsy layoffs result of 'digestion years' after pandemic Yahoo Finance
- FourKites confirms 15% cut in global workforce, dismisses key exec FreightWaves
- Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO The Guardian
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