Technology Giant Companies with the Most Layoffs

The development of artificial intelligence brings with it some problems. Now, especially technology companies are using artificial intelligence to replace the active workforce. This paves the way for layoffs. Here are the 13 companies that made the most layoffs in the first month of the new year:

Technology Companies with the Most Layoffs

We have witnessed many layoffs, especially due to inflation. However, the development of artificial intelligence has prevented layoffs due to inflation. Since companies now get the same efficiency with artificial intelligence at a much lower cost, they no longer need an active workforce. Technology companies making the most layoffs.

Google (Several Hundred People)

According to the news, technology giant Google laid off approximately several hundred employees in the first month of 2024, although the exact figure is not known. Google, which laid off more than 12 thousand employees in 2023, lost 2.1 billion dollars, including severance pay and other wages paid to its workers.

Amazon (Hundreds of People)

Amazon laid off approximately 18 thousand employees in the first months of 2023. Then, he had to lay off another 9 thousand employees. Amazon made a rapid start to layoffs this year as well. Amazon has already parted ways with hundreds of workers in the first month.

Zoom (Approximately 150 People)

Zoom, which many of us frequently use for both live classes and meetings, especially during the pandemic period, is also among the companies that made layoffs. It is known that Zoom, which parted ways with approximately 150 employees, laid off only less than 2% of its employees.

Twitch (500 People)

It is known that nearly 500 employees were laid off at Twitch, one of Amazon’s sub-brands. We can easily say that this figure corresponds to 35% of full-time Twitch employees. It is a matter of curiosity what Twitch, which laid off one-third of its workers, will do in the future.

Riot Games (530 Employees)

Riot Games, known especially for its League of Legends and Valorant productions, announced that it parted ways with 530 of its employees. However, Riot Games shrank by 11%. In addition, it was announced that Riot Forge, which made Riot Games’ story games, was also closed.

eBay (1000 People)

eBay, one of the most used e-commerce sites in the world, decided to lay off 9% of its full-time workforce, or 1000 people. At the same time, according to official data announced by eBay, profit rates in 2023 are over 1.3 billion dollars.

Block (1000 People)

Founded by Jack Dorsey, the founder of Twitter, Block is an American financial technology network. Even though it has a fairly large network, Block has already laid off 1,000 workers.

PayPal (Approximately 2500 People)

PayPal, which was banned in Turkey in 2016, is currently the world’s largest on-line payment system. However, PayPal plans to lay off approximately 2,500 workers this year. Although there have been no layoffs yet, the letter sent to employees by PayPal CEO Alex Chriss states that they plan to lay off 9% of workers this year.

Discord (17% of Active Workforce)

Discord, one of the most used community applications, announced that it laid off 17% of its workforce, although it did not give a clear figure. In August 2023, it announced that it laid off 4% of its employees.

Brex (20% of its employees)

You may not have heard of the company called Brex. The reason for this is that Brex does not operate in Turkey. Brex, which supports entrepreneurs, also laid off 20% of its workforce. We do not have a clear figure regarding this dismissal.

Unity (25% of its employees)

Unity, which is used especially in the production of narrative games such as Firewatch and The Long Dark and on-line games such as Fall Guys, announced that 25 percent of the team, in other words, 1 in 4 of the team, was laid off. Although we do not know the exact figure, the percentage figure is enough to show the extent of the layoffs.

SAP (8000 Employees)

SAP, Europe’s largest software development company, also announced that 8,000 of its workers will be laid off or changed positions this year. This means that SAP, which laid off 3000 workers in 2023, looks like it will lay off more than twice as many workers this year compared to last year.

Why Do Companies Make Layoffs?

There are many reasons why companies make layoffs. Although the main reason for layoffs during the pandemic period was increased inflation all over the world, the development of artificial intelligence now makes real manpower almost unnecessary. This causes employees to be laid off.

What Are the Most Valuable Technology Companies in the World?

• It ranks first on the list of the world’s most valuable companies, with a huge value of 2.72 trillion dollars. Apple there is.
• After that, we know him with Windows and Copilot, and he also owns Xbox. Microsoft is coming. Microsoft’s value is over 2.52 trillion dollars. At the same time, the technology giant has more than 221 thousand employees.
• In third place is Google’s parent company, with 1.72 trillion dollars and more than 187 thousand employees. Alphabet is coming.
• Then came the agenda many times with their dismissals. Amazon is coming. Amazon’s value is $1.49 trillion. At the same time, the company has 1 million 600 thousand employees despite the layoffs.
• In 5th place is the owner of Facebook, Instagram and WhatsApp. Meta is coming. Meta’s value is over 800 billion dollars and it has over 87 thousand employees.
• In the 6th place is the company that has produced productions such as PubG Mobile and is also the owner of Riot Games. Tencent Games there is. Tencent Games is worth over $400 billion and the company has more than 100 thousand employees.
• After Tencent, we all hear about Samsung is coming. Samsung’s value is $367 billion and the company has over 320 thousand employees.
• It is one of the largest technology companies in 8th place. Cisco there is. Cisco is a company that carries out high-quality work, especially in the field of information technologies and cyber security. Cisco’s value is over 213 billion dollars. In addition, the company has more than 80 thousand employees.
• After Cisco, it came to the fore with Java, MySQL and Linux. oracleIt ranks 9th with a value of $203 billion. Additionally, the company has over 143 thousand employees.
• In our 10th place are companies that develop products such as Slack, Customer 360 and Tableau. Salesforce there is. The company, which has a value of over 169 billion dollars, also has over 74 thousand employees.