The tech layoff wave persists into 2025, with more than 22,000 workers affected so far this year. According to independent layoffs tracker Layoffs.fyi, last year saw over 150,000 job cuts across 549 companies. The trend continues in 2025, with 16,084 cuts occurring in February alone.
Recent Layoffs
Several major tech companies have announced significant layoffs recently. Match is reducing its workforce by 13% as part of a reorganization aimed at reducing costs and improving margins. CrowdStrike is laying off 5% of its global workforce, or around 500 people, as part of a strategic plan to increase efficiencies. General Fusion has cut roughly 25% of its current workforce.
Other notable layoffs include:
- NetApp: 700 jobs eliminated (6% of total workforce)
- Electronic Arts: Approximately 300-400 employees let go
- Expedia: Around 3% of employees laid off, mainly in product and technology teams
- Meta: Over 100 employees in Reality Labs division laid off
- Intel: Plans to lay off more than 21,000 employees (20% of workforce)
- GM: 200 people laid off at Factory Zero in Detroit and Hamtramck facility
Layoffs by Month
- April 2025: More than 23,400 employees laid off
- March 2025: 8,834 employees laid off
- February 2025: 16,234 employees laid off
- January 2025: 2,403 employees laid off
Reasons Behind Layoffs
The layoffs are attributed to various factors, including companies embracing AI and automation, restructuring efforts, and economic uncertainty. Some companies, like Salesforce, are eliminating jobs while simultaneously hiring to sell new AI products. Others, like Wayfair, are cutting jobs as part of a broader restructuring effort.
Impact on Innovation
As businesses continue to adopt AI and automation, the tracker serves as a reminder of the human impact of layoffs and the potential stakes for increased innovation. The list of layoffs will be updated regularly to reflect new developments in the tech industry.
