Over a hundred tech companies, primarily American, have laid off a minimum of 29,537 employees since January 2025, a report revealed recently.
RationalFX said in a report that since January 2025, U.S.-based tech companies have slashed roughly 20,000 positions.
Globally, another 10,000 employees in the tech sector have lost their jobs.
The tech companies with the largest layoffs so far this year are Facebook and Instagram parent company Meta (3,600 job cuts), semiconductor makers STMicro (3,000 job cuts) and Onsemi (2,400 job cuts), and Microsoft (2,280 job cuts).
Retail giant Amazon announced layoffs with roughly 2,100 employees affected, while Jeff Bezos’ space travel company Blue Origin also joined the wave of layoffs, slashing 1,000 jobs.
Among the largest companies with an unknown number of layoffs this year is TikTok, which quietly eliminated dozens or even hundreds of positions in its trust and safety teams across Asia-Pacific, Europe, and the United States.
Other companies with unconfirmed layoffs are Expedia, eBay, Zillow, and Google.
Job reductions at Google have been occurring since the beginning of the year, starting with a “voluntary exit program” offered to platforms and devices employees in the U.S.
The company is now laying off an unknown number of workers in its cloud division.
These are the technology companies with the largest layoffs so far in 2025:
Meta (Menlo Park, CA, U.S.) – 3,600 laid-off employees
STMicro (Geneva, Switzerland) – 3,000 laid-off employees
Onsemi (Phoenix, Arizona, U.S.) – 2,400 laid-off employees
Microsoft (Redmond, WA, U.S.), 2,280 laid-off employees
Amazon (Seattle, Washington) – 2,100 laid-off employees
Workday (Pleasanton, CA, U.S.) – 1,750 laid-off employees
Cruise (San Francisco, California) – 1,050 laid-off employees
Salesforce (San Francisco, California) – 1,000 laid-off employees
eFishery (Bandung, Indonesia) – 1,000 laid-off employees
Blue Origin (Kent, WA, U.S.) – 1,000 laid-off employees
“Looking at the latest company announcements, we can see the layoffs in Big Tech continue into 2025, albeit at a slower rate,” said RationalFX.
In 2024, tech companies around the world laid off at least 280,991 employees, with U.S. tech giants Dell, Intel, and Amazon cutting the most jobs, as the industry wrestled with economic uncertainty and shifting market demands, according to the report.
Over half of these layoffs – 157,950 – were announced by U.S. companies, underscoring the country’s significant role in the ongoing workforce reductions.
Major economies such as China, India, Germany, South Korea, and Japan also lost a significant number of jobs in the technology industry.
Personal computer maker Dell led the way by cutting 18,500 positions, followed by Intel and Amazon, each eliminating approximately 15,000 jobs.
These figures reflect a broader trend of downsizing throughout the tech industry, driven by cost-cutting measures and a reassessment of priorities following years of rapid growth, said the report.
Electronics manufacturers weren’t immune, with Samsung laying off 14,455 employees, highlighting challenges in the global smartphone and appliance markets.
Similarly, Toshiba cut 9,000 jobs as it restructured its struggling electronics and energy divisions.
The electric vehicle (EV) sector also experienced layoffs, despite its growth potential.
Industry leader Tesla laid off 14,000 employees as it sought to reduce operational costs amid increasing production expenses.
Chinese EV maker Li Auto followed suit, cutting 10,000 jobs, reflecting broader challenges in the Chinese automotive market.
Software and tech service providers also contributed significantly to the workforce reduction.
Cisco reduced its headcount by 9,600, while SAP let go of 9,500 employees. Even Microsoft, known for its robust cloud and software business, announced nearly 5,000 job cuts.
Similarly, fintech companies like Paytm and PayPal also reduced their workforce by 5,000 and 2,500 positions, respectively, as funding slowed and profitability took center stage.
“It seems manufacturing, be it electric vehicles, computers, or semiconductors has been hit particularly hard but layoffs were not confined to traditional tech companies,” said the report.
Overall, the large-scale implementation of artificial intelligence (AI) tools has also been reshaping corporate structures, leading to the elimination of entire teams.
According to the report, the redundancies in the U.S., including in many Silicon Valley companies, are a result of over-hiring during the pandemic and high inflation.
There are also other factors at play with recession fears and companies’ increased focus on AI.