By 
As layoffs continue to shake the technology sector, here’s an updated report by BestBrokers revealing the tech companies that have slashed the most jobs in 2024 so far.
RELATED: 2024 Tech Layoffs: U.S. companies account for more than half of global job cuts
The team at BestBrokers aggregated data on layoff announcements from global gaming companies using TrueUp, an IT job portal, and Obsidian, a note-taking app that tracks gaming industry layoffs. We found that from January to October 18, 2024, more than 254,000 employees in the technology sector have been laid off, with more than half of layoffs announced by U.S.-based companies.
Last year saw massive layoffs in the tech sector with some 263 thousand people let go from their positions. This year, however, layoffs are quickly reaching that record-breaking figure, with Amazon and Samsung being among the latest firms to announce mass reduction to their workforce. Earlier this month, Amazon’s CEO Andy Jassey revealed plans to cut about 14,000 managerial and corporate roles in an effort to increase efficiency and profitability. South Korean electronics manufacturer Samsung also announced significant job cuts with up to 30% of teams in certain regions to be laid off.
These are the 20 technology companies with the largest workforce reductions since the start of 2024:
Here are a few key takeaways from our report:
- Since January 2024, the top 20 tech companies on our list have collectively laid off 150,327 employees. This figure represents more than half of all global tech job cuts, which total 254,023 so far this year.
- Dell stands out for cutting the most tech jobs since the beginning of the year. After eliminating 6,000 positions in March, the company recently announced another round of cuts, shedding 12,500 employees, about 10% of its workforce, as part of a strategic shift toward AI-driven products and services.
- Intel, the semiconductor giant based in California, ranks second with layoffs affecting more than 15% of its workforce or around 15,000 employees. This cost-cutting move, aimed at saving $10 billion by fiscal 2025, follows a disappointing earnings report for the April-June 2024 period.
- U.S. retail giant Amazon ranks in third place with more than 14,900 layoffs announced since January. The company is reducing its global workforce from 105,770 to around 90,000 by eliminating mostly managerial positions in a move intended to save between $2.1 billion and $3.6 billion a year.
- South Korea’s electronics giant Samsung ranks 4th on our list following news that the company had instructed its subsidiaries to reduce sales and marketing staff by about 15% and the administrative staff by up to 30%. The layoffs will be occurring outside South Korea but they will impact teams across the Americas, Europe, Asia and Africa.
- American EV maker Tesla also slashed around 14,000 jobs this year, earning 5th position on our list. The company, which recently revealed its robotaxi and the Cybertruck, laid off thousands of factory workers, software developers and robotics engineers.
- Other major tech staff reductions have come from Chinese EV maker Li Auto (10,000 job cuts), Germany’s software giant SAP (9,500 layoffs), Japan’s Toshiba (9,000 layoffs), and American networking equipment manufacturer Cisco (8,000 layoffs).
For more detailed information and the distribution of global tech layoffs in 2024 so far by country, please refer to the full report. You can access the raw data on Google Drive via this link.
