Layoffs have been on a declining trend, with a peak of 89,554 tech job cuts in January, reducing to 10,434 in June, according to Layoffs.fyi report.
The tech sector remains at the forefront, accounting for most job losses, with 824 companies shedding workers this year.
Having conducted sweeping cuts since the pandemic, Google downsized teams at its subsidiary, Waze.
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The June layoffs primarily affected tech firms, including Spotify, Reddit, Oracle, Sumo Logic, and Qualcomm.
Tech hiring surged in 2020 and continued into 2021, when the Federal Reserve slashed interest rates.
However, in early 2022, both trends reversed, leading to widespread layoffs as tech companies tightened their budgets.
June saw food delivery and ride-hailing companies such as Uber, Grubhub, and Grab downsizing their staff.
KPMG, the accounting giant, implemented the largest cuts this month, impacting 1,950 US jobs, equivalent to 5 percent of its workforce.
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Ford Motors cut 1,000 North American employees, following previous layoffs of 1,300 in February and 3,200 in January, primarily affecting its European staff.
Niantic, the developer of Pokemon Go, joined the list of companies announcing downsizing in June.
Employers continue to push in-person work as Google starts considering office attendance records for performance reviews.
When Google demanded hybrid work, with three days in the office, Infosys made a new rule banning work from home for US and Canadian employees.
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Here’s who’s firing in June 2023.
- ZoomInfo to cut three percent of headcount in strategic restructuring move
- Spotify to cut 200 jobs in podcasting division
- Reddit cuts about 90 employees and slows hiring plans
- Los Angeles Times to axe 74 newsroom jobs as advertising slows
- Grubhub lays off 400 corporate staff
- Tyson Foods to cut 228 Illinois staff for refusing relocation
- TrueCar to cut 102 jobs as part of restructuring
- Oracle cuts jobs in troubled Cerner health unit
- Binance’s US affiliate cuts 50 jobs following SEC lawsuit
- Electric truck maker Nikola is cutting 270 jobs
- Data analytics platform Sumo Logic cuts 79 jobs
- Grab announces job cuts to reduce costs and ensure long-term affordability
- Qualcomm slashes 415 jobs as smartphone sales slump
- Uber cuts 200 recruiters in cost-saving move
- BlackRock to axe one percent of its staff
- KPMG to cut five percent of US workforce
- Robinhood conducts third layoff wave with 150 jobs on the line
- Google to cut jobs at Waze in a broad restructuring plan
- Ford to lay off 1,000 workers in North America
- Ziprecruiter cuts 270 jobs as CEO takes 30 percent pay cut
- Headspace Health to cut 181 jobs in second layoff round
- National Geographic lays off all remaining staff writers
- Pokémon Go maker Niantic cuts 230 jobs
