Many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.
Dozens of companies are pulling back on jobs aftershopify Inc. announced that it cut 10% of its workforce.
The parent company of the search engine has been cutting back on its recruitment efforts. Even though the business added 10,000 people in the second quarter, it will be slowing the pace of hiring for the rest of the year. In order to enable teams to prioritize their roles and hiring plans for the rest of the year, there is a hiring pause. At the end of the month, it had 164,000 employees.
In April, Amazon.com said it needed to cut back on staff after ramping up during the Pandemic. The CFO said that the company transitioned from being understaffed to being overstaffed after employees returned from leave. As of March, the company had 1.6 million workers.
It is not a companywide policy and Apple is still moving forward with an aggressive product release schedule. In September, Apple had 154,000 employees.
About 12% of Carvana's workforce was laid off in May. According to a filing with the Securities and Exchange Commission, the executive team will not be getting their salaries for the rest of the year to make up for the lost money. At the end of last year, the company had more than twenty thousand employees.
In June, the company told employees it would be cutting 18% of its workforce. The CEO said that the economy appears to be entering a recession. He said that they always plan for the worst so they can operate through any environment. The company had 5000 employees at the end of the quarter.
According to a filing last month, about 10% of the staff are being laid off. At the end of the year, the company had 5000 employees.
The staff reduction was announced in June. The company laid off another 7% on July 18 after a leaked plan showed it wanted to cut a total of 15%.
GoPuff is shutting down dozens of warehouses and laying off 10% of its workforce. About 1,500 staff members will be affected by the cuts.
The company told employees in May that it was cutting back on hiring. The company announced on July 20 that it would be closing its car-rental business and cutting about 60 jobs. The archrival has been more positive. In June, the CEO said that his company was recession resistant and had no plans to lay off employees.
Plans to hire engineers have been slashed by the parent company of Facebook. There were more than 77,800 employees at the end of March.
In May of this year, Microsoft told workers that it was slowing down hiring in the Windows, Office and Teams groups as it braces for economic uncertainty. There were 181,000 employees at the company in 2011. Some jobs were cut as a result of a reorganization. A freeze on job openings was instituted on July 20.
Since it reported the loss of 200,000 subscribers in the first quarter, it has laid off hundreds of employees. In the last quarter, it shed 970,000 subscribers.
In June, 8% of Niantic's team were fired. John Hanke, the company's CEO, told staff in an email that it was an effort to streamline operations. At the end of last year, the company had 800 employees.
Open Sea laid off 20% of their staff on July 14. The company needs to prepare for the possibility of a long downturn after entering an unprecedented combination of winter and macroeconomic uncertainty.
A surprise shake-up in February saw its CEO and several executive team members step down. The company had almost 9000 employees in 2011.
The company cut 8% of its staff in June due to a lack of work. The company had over 6,000 employees at the end of the year.
The online broker terminated 9% of its workforce. At the end of last year, it had 3,800 employees and racked up more than $2 billion in losses.
Hundreds of non-manufacturing jobs and teams with duplicate functions are going to be eliminated by Rivian automotive. Rivian is not immune to the current economic circumstances and we need to make sure we can grow in a sustainable way.
According to a leaked memo, the cloud computing platform has slowed hiring and reduced travel expenses.
The company laid off 100 staffers in June, according to Hilary Schneider. In order to weather the economic uncertainty, the company is making hiring adjustments. She said that the global economy is going through a period of choppiness. Consumer confidence is being impacted by the supply chain.
In a letter to employees, the CEO ofshopify said that the company is laying off 1000 employees. The jobs that were affected were recruitment, support and sales. 16 weeks of severance, career coaching, a laptop and internet allowance, home-office furniture, and a freeshopify account are included in the offer.
In a note to staff in June, Daniel Ek said that the audio service is cutting employee growth by 25%. According to its website, the company has more than 6,000 employees.
Stitch Fix, an online personalized styling service, said in June that it was looking to reduce its workforce by 15%, with the majority coming from non-technology corporate jobs and styling leadership roles. Higher expenses and weaker demand are what it is dealing with. There are 8,900 employees according to its website.
The electric-vehicle maker cut 200 autopilot workers as it closed a facility in San Mateo. In an increasingly shaky economy, layoffs would be necessary according to CEO Musk. He said in an interview that 10% of his employees would lose their jobs over the next three months. At the end of last year, the company had 100,000 workers.
According to CNBC, Tonal Systems Inc., the home fitness startup backed by sports celebrities, laid off 35 percent of its employees.
An internal memo shows that a hiring freeze and job cuts were instituted in May due to uncertainty surrounding Musk's acquisition of the company. It said in the past that it would be cutting back on office space but not layoffs. In the year 2021, the company had over 7,000 employees.
In June, 200 of the company's 5,900 workers received pink slips, amounting to 4% of the workforce. The CEO told staff there would be no layoffs.
In July, Vimeo reduced its workforce by six percent. Since the beginning of the year, the company has slowed hiring. The economy around us has impacted our business. We need to assume that these conditions will not go away, and that we are not immune. While we have taken action across other expense areas first, we have to look at our largest area of investment, our team.
In May, Wayfair instituted a hiring freeze. As of March, the company had 18,000 employees.
According to the Boston Globe, the company laid off 15% of its employees on July 22 and now has over 500 employees.
Julia Love and Dina Bass assisted with the project.
(Updates with Shopify and other entries.)
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