Tech Layoffs: US Startups And Tech Companies With Job Cuts In 2022 – Crunchbase News

After a banner year for tech, layoffs are here. In fact, as of late June, more than 22,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022, according to a Crunchbase News tally.

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Tech companies as big as Netflix have slashed jobs this year, with some citing the effects of the COVID-19 pandemic and others pointing to overhiring during periods of rapid growth. Robinhood, Glossier and Better are just a few of the tech companies that have notably trimmed their headcount in 2022.

To keep tabs, weve compiled a list of U.S.-based tech companies that have laid off employees so far this year.

New additions in the past week include Netflix, Ro, and Postscript.

Most recently updated: June 27, 2022

The public markets have been hit hard in 2022, and thats trickled down to the private markets. Inflation concerns, rising interest rates and geopolitical issues have all contributed to a roller coaster stock market.

Startupsespecially the ones who benefited from a pandemic boom thats starting to coolare starting to feel the pressure too. Valuations, particularly at the late stage, have started to dip, and startups say its much more difficult to raise new funding in this environment.

Weve included both startups and publicly traded companies that are based in the U.S. Weve also included companies based elsewhere that have a sizable team in the United States, such as Klarna, even when its unclear how much of the U.S. workforce has been affected by layoffs.

We sourced the layoffs from media reports, social media posts and layoffs.fyi, a crowdsourced database of tech layoffs.

Our hope is that this database will be as comprehensive as possible, so if weve missed any companies or if your company goes through layoffs, please let us know by filling out this form.

This layoff tracker will be updated at least weekly, if not more frequently.

Illustration: Dom Guzman

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Tech Layoffs: US Startups And Tech Companies With Job Cuts In 2022 - Crunchbase News

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