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TEXXR / Topics / Tech Layoffs & Restructuring / 2024

Tech Layoffs & Restructuring (2024)

2024 layoffs continued the post-ZIRP correction but the character changed. The mass reductions of 2022-2023 — entire divisions eliminated — gave way to targeted restructurings. Companies cut in sales, marketing, and support while simultaneously hiring in AI and infrastructure. The net headcount story was more nuanced than headlines suggested.

2100 events in 2024 20 key entities
2024
2025 →
Sources say Elon Musk has tapped Steve Davis, Michael Kratsios, and others to interview potential DOGE candidates.
rumored 1 article 2024-12-19
Elon Musk Steve Davis Michael Kratsios other interviewers potential DOGE candidates
Sources: Elon Musk taps Steve Davis, who oversaw Twitter's cost-cutting, former US CTO Michael Kratsios, and others to interview potential DOGE candidates
Bloomberg · 2024-12-19 · #20
Tencent gave up its right to appoint future directors to Epic Games' board.
confirmed 1 article 2024-12-19
Tencent Epic Games
Two Tencent-appointed Epic board directors resigned after the DOJ expressed antitrust concerns; Tencent also gave up its right to appoint future Epic directors
Deadline · 2024-12-19 · #11
Michael Kratsios served as the U.S. Chief Technology Officer.
confirmed 1 article 2024-12-19
Michael Kratsios U.S. Chief Technology Officer
Sources: Elon Musk taps Steve Davis, who oversaw Twitter's cost-cutting, former US CTO Michael Kratsios, and others to interview potential DOGE candidates
Bloomberg · 2024-12-19 · #20
An executive from the Boring Company reportedly is helping in the DOGE hiring push.
rumored 1 article 2024-12-19
The Boring Company DOGE hiring push
Sources: Elon Musk taps Steve Davis, who oversaw Twitter's cost-cutting, former US CTO Michael Kratsios, and others to interview potential DOGE candidates
Bloomberg · 2024-12-19 · #20
SandboxAQ is a former Alphabet division focusing on quantum and AI technologies.
confirmed 1 article 2024-12-18
SandboxAQ Alphabet
SandboxAQ, which aims to apply quantum tech and techniques to AI, raised $300M from Alger, Yann LeCun, and others at a $5.6B valuation to recruit more engineers
Bloomberg · 2024-12-18 · #15
Tyler Denk is a co-founder of the newsletter platform Beehiiv.
confirmed 1 article 2024-12-18
Tyler Denk Beehiiv
A profile of Tyler Denk, co-founder of newsletter platform Beehiiv, which raised a $33M Series B in April 2024 and generates $1.6M to $1.75M in monthly revenue
Inc · 2024-12-18 · #17
Salesforce will hire 2,000 people to sell AI agent software, CEO Marc Benioff said.
confirmed 1 article 2024-12-18
Salesforce AI agent software sales
Salesforce says it will hire 2,000 people to sell AI agent software, a month after saying it would hire 1,000 for the task and two years after laying off 7,000+
CNBC · 2024-12-18 · #20
Two years earlier Salesforce laid off more than 7,000 employees.
confirmed 1 article 2024-12-18
Salesforce
Salesforce says it will hire 2,000 people to sell AI agent software, a month after saying it would hire 1,000 for the task and two years after laying off 7,000+
CNBC · 2024-12-18 · #20
A new chief executive has taken over Hitachi.
confirmed 1 article 2024-12-18
Hitachi new chief executive
A profile of 114-year-old Japanese conglomerate Hitachi, whose market cap recently hit $100B after becoming an industrial software and hardware provider
Financial Times · 2024-12-18 · #19
Hitachi is described as a streamlined conglomerate.
confirmed 1 article 2024-12-18
Hitachi streamlined conglomerate
A profile of 114-year-old Japanese conglomerate Hitachi, whose market cap recently hit $100B after becoming an industrial software and hardware provider
Financial Times · 2024-12-18 · #19
SandboxAQ, led by CEO Jack Hidary, is staffing up by recruiting more Ph.D.s and engineers.
confirmed 1 article 2024-12-18
SandboxAQ Ph.D.s engineers
SandboxAQ, which aims to apply quantum tech and techniques to AI, raised $300M from Alger, Yann LeCun, and others at a $5.6B valuation to recruit more engineers
Bloomberg · 2024-12-18 · #15
Experts say U.S. national security and immigration policies could deprive U.S. companies of AI talent from China; China had 47% of the top AI researchers in 2022.
rumored 1 article 2024-12-18
U.S. national security and immigration policies U.S. companies AI talent from China
Experts say national security and immigration policies could deprive US companies of AI talent from China, which had 47% of the top AI researchers in 2022
Rest of World · 2024-12-18 · #29
Sources report Amazon has pushed back return-to-office (RTO) dates for some staff in Austin, Dallas, and Phoenix by up to four months, citing a lack of office space as the reason.
rumored 1 article 2024-12-18
Amazon Austin Dallas Phoenix
Sources: Amazon recently pushed back RTO dates for some staff in Austin, Dallas, and Phoenix by as much as four months, citing a lack of office space
Bloomberg · 2024-12-18 · #11
A month earlier Salesforce said it would hire 1,000 people to sell AI agent software.
confirmed 1 article 2024-12-18
Salesforce AI agent software sales
Salesforce says it will hire 2,000 people to sell AI agent software, a month after saying it would hire 1,000 for the task and two years after laying off 7,000+
CNBC · 2024-12-18 · #20
Ali Ghodsi is the CEO of Databricks.
confirmed 1 article 2024-12-17
Ali Ghodsi Databricks
Databricks raised $10B from a16z, Thrive, and others at a $62B valuation, among the largest VC raises in history; documents show Databricks has $2.6B in revenue
Wall Street Journal · 2024-12-17 · #1
As CEO, Ali Ghodsi has undertaken a series of strategic changes to help make Databricks one of Silicon Valley's fastest-growing startups.
confirmed 1 article 2024-12-17
Ali Ghodsi Databricks
Databricks raised $10B from a16z, Thrive, and others at a $62B valuation, among the largest VC raises in history; documents show Databricks has $2.6B in revenue
Wall Street Journal · 2024-12-17 · #1
Grammarly names Coda co-founder and CEO Shishir Mehrotra as Grammarly CEO.
confirmed 1 article 2024-12-17
Grammarly Shishir Mehrotra
Grammarly buys productivity startup Coda, set to close in January, and names Coda co-founder and CEO Shishir Mehrotra as CEO; Coda had a $1.4B valuation in 2021
Bloomberg · 2024-12-17 · #25
Marco Rubio, Jacob Helberg, and Brendan Carr are set for senior roles in Donald Trump's administration.
confirmed 1 article 2024-12-16
Marco Rubio Jacob Helberg Brendan Carr Trump administration
TikTok critics like Marco Rubio, Jacob Helberg, and Brendan Carr are set for senior roles in Trump's administration, emphasizing Trump's murky stance on the app
Bloomberg · 2024-12-16 · #23
The report identifies Asia as the region with the most developers.
confirmed 1 article 2024-12-16
Asia developers
Electric Capital annual survey: total developers working in crypto fell 7% YoY globally, and Solana was the most popular blockchain among new developers
CoinDesk · 2024-12-16 · #21
SoftBank plans to create 100,000 jobs in the U.S., largely via AI-focused roles and infrastructure projects, according to CEO Masayoshi Son.
confirmed 1 article 2024-12-16
SoftBank United States 100,000 jobs
At a meeting with Trump, Masayoshi Son says SoftBank will invest $100B and create 100K jobs in the US, largely via AI-focused jobs and infrastructure projects
CNBC · 2024-12-16 · #8
Electric Capital's annual survey reports the total number of developers working in crypto fell 7% year-over-year globally.
confirmed 1 article 2024-12-16
Electric Capital crypto developers
Electric Capital annual survey: total developers working in crypto fell 7% YoY globally, and Solana was the most popular blockchain among new developers
CoinDesk · 2024-12-16 · #21
The AI-driven upheaval is squeezing out creative talent in the advertising industry.
confirmed 1 article 2024-12-16
AI-driven upheaval creative talent
Ad giants Omnicom and Interpublic's merger shows how the industry is preparing for an AI-driven upheaval, which is squeezing out creative talent
Wall Street Journal · 2024-12-16 · #22
Ethereum was the network with the most developers according to the Electric Capital 2024 developer report.
confirmed 1 article 2024-12-16
Ethereum crypto developers
Electric Capital annual survey: total developers working in crypto fell 7% YoY globally, and Solana was the most popular blockchain among new developers
CoinDesk · 2024-12-16 · #21
David Sacks has joined Elon Musk in securing a key role in the incoming US administration.
confirmed 1 article 2024-12-15
David Sacks Elon Musk incoming US administration
A profile of Donald Trump's AI and crypto czar David Sacks, who has urged AI companies and other tech startups to boost US competitiveness and national security
Financial Times · 2024-12-15 · #6
Donald Bitzer, co-inventor of the plasma screen and creator of the PLATO computer system, died on December 10 at age 90.
confirmed 1 article 2024-12-15
Donald Bitzer
Donald Bitzer, plasma screen co-inventor and the father of PLATO computer system, considered a precursor to messaging apps and more, died on December 10 at 90
Washington Post · 2024-12-15 · #10
David Sacks has secured a key role in the incoming US administration.
confirmed 1 article 2024-12-15
David Sacks incoming US administration
A profile of Donald Trump's AI and crypto czar David Sacks, who has urged AI companies and other tech startups to boost US competitiveness and national security
Financial Times · 2024-12-15 · #6
Donald Bitzer is the father/creator of the PLATO computer-based educational network.
confirmed 1 article 2024-12-15
Donald Bitzer PLATO computer system
Donald Bitzer, plasma screen co-inventor and the father of PLATO computer system, considered a precursor to messaging apps and more, died on December 10 at 90
Washington Post · 2024-12-15 · #10
Fei-Fei Li works on giving machines 3D spatial intelligence.
confirmed 1 article 2024-12-15
Fei-Fei Li 3D spatial intelligence
An interview with Fei-Fei Li on her NeurIPS keynote talk about visual intelligence, her startup World Labs, giving machines 3D spatial intelligence, and more
IEEE Spectrum · 2024-12-15 · #11
Donald Trump plans to appoint Truth Social CEO Devin Nunes to lead the President's Intelligence Advisory Board, which oversees the US intelligence community.
rumored 1 article 2024-12-15
Donald Trump Devin Nunes President's Intelligence Advisory Board
Donald Trump plans to appoint Truth Social CEO Devin Nunes to lead the President's Intelligence Advisory Board, which oversees the US intelligence community
Politico · 2024-12-15 · #23
An interview with Fei-Fei Li discusses her NeurIPS keynote, her startup World Labs, and work on 3D spatial intelligence.
confirmed 1 article 2024-12-15
Fei-Fei Li NeurIPS keynote World Labs 3D spatial intelligence
An interview with Fei-Fei Li on her NeurIPS keynote talk about visual intelligence, her startup World Labs, giving machines 3D spatial intelligence, and more
IEEE Spectrum · 2024-12-15 · #11
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