From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
Recent Layoffs in Tech and Retail (2024)
2024 has seen significant workforce reductions across tech and retail companies, many of which ramped up hiring during the COVID-19 pandemic. Below are details on recent layoffs:
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REI
Laying off 357 workers, primarily at headquarters and distribution centers. CEO Eric Artz cited declining outdoor specialty retail trends, which worsened in Q4 2023 and are expected to continue in 2024.
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Levi Strauss & Co.
Cutting 10% to 15% of its global corporate workforce in early 2024 as part of a two-year restructuring plan to reduce costs and simplify operations.
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Microsoft
Laying off approximately 1,900 employees (8% of its gaming division) following the $69 billion acquisition of Activision Blizzard.
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TikTok
Cutting 60 jobs in its advertising and sales unit. The company, owned by ByteDance, did not provide a specific reason for the layoffs.
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Riot Games
Trimming 11% of its workforce (530 jobs). The company, known for League of Legends, is owned by Tencent.
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eBay
Cutting about 1,000 jobs (9% of its full-time workforce), citing costs outpacing business growth in a slowing economy.
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Wayfair
Reducing its global workforce by 13% (about 1,650 jobs). The restructuring includes reducing team sizes and seniority in certain roles.
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Macy’s
Laying off roughly 2,350 employees (3.5% of its total headcount) and closing five locations in Virginia, California, Hawaii, and Florida.
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Google
Laying off hundreds of employees across hardware, voice assistance, and engineering teams as part of broader cost-cutting measures.
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Amazon
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Twitch
Cutting over 500 jobs to align with business size, per CEO Dan Clancy.
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Audible
Laying off about 5% of its workforce due to a challenging landscape, despite strong company performance.
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Prime Video and MGM Studios
Trimming hundreds of roles in areas not delivering expected results.
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Twitch