The technology sector experienced a new round of layoffs in June as companies adjusted to evolving market demands and the growing impact of artificial intelligence. Several major tech firms made significant workforce reductions to streamline operations and prioritize AI development.
Rivian Automotive, Inc. reduced its workforce by about 1% (approximately 140 employees), primarily affecting its manufacturing team as the company prepares for the launch of its R2 SUV. The electric vehicle manufacturer is focusing on operational efficiency ahead of the new product release.
Online dating platform Bumble, Inc. announced plans to cut around 240 jobs, representing about 30% of its workforce. According to an SEC filing, the move aims to enhance operational efficiency, allowing the company to redirect resources toward developing new products and technologies.
Google, a subsidiary of Alphabet, Inc., made significant cuts in its smart TV division, downsizing by 25% (up to 75 employees). The company is shifting its focus and investment toward AI projects while reducing funding for Google TV and Android TV initiatives by 10%.
Intel Corp. announced plans to lay off between 15% and 20% of its Intel Foundry division as part of a broader effort to become more efficient. The company is also winding down its automotive business to streamline operations.
Other notable layoffs in June included:
- Playtika: 90 employees
- Airtime: 25 employees
- Microsoft Corp.: Additional cuts following May’s reduction of over 6,500 jobs, affecting roles across engineering, product management, marketing, and legal departments
These layoffs reflect the technology industry’s ongoing transformation as companies prioritize AI, automation, and operational efficiency in response to economic uncertainty. The trend demonstrates how major tech firms are adapting their strategies to remain competitive in a changing market landscape.
