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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 →
Michael Gronager, co-founder of Chainalysis, is departing the company after taking a leave of absence beginning October 2024.
confirmed 1 article 2024-12-05
Michael Gronager Chainalysis
Chainalysis names co-founder Jonathan Levin as CEO, replacing co-founder Michael Gronager, who is departing after taking a leave of absence from October 2024
TechCrunch · 2024-12-05 · #19
Raiza Martin, the lead of Google's NotebookLM team, is leaving Google to help launch a stealth startup focused on a user-first AI product.
confirmed 1 article 2024-12-05
Raiza Martin stealth startup focused on a user-first AI product Google
Three of Google's NotebookLM team members, lead Raiza Martin, a designer, and an engineer, are leaving to launch a startup focused on “a user-first AI product”
TechCrunch · 2024-12-05 · #21
Pat Gelsinger's rescue strategy for Intel failed.
failed 1 article 2024-12-05
Pat Gelsinger Intel
A look at Intel CEO Pat Gelsinger's failed rescue strategy; since Gelsinger took over in February 2021, Nvidia added $3T in market cap while Intel lost $150B
Wall Street Journal · 2024-12-05 · #4
Jonathan Levin replaces co-founder Michael Gronager as CEO of Chainalysis.
confirmed 1 article 2024-12-05
Jonathan Levin Michael Gronager
Chainalysis names co-founder Jonathan Levin as CEO, replacing co-founder Michael Gronager, who is departing after taking a leave of absence from October 2024
TechCrunch · 2024-12-05 · #19
David Zinsner expects Intel's next CEO to have capabilities in both foundry (manufacturing) and product.
confirmed 1 article 2024-12-05
Intel foundry capability product experience
Intel interim co-CEO David Zinsner says Intel's financial forecast is unchanged and expects the next CEO to have some capability around both foundry and product
Reuters · 2024-12-05 · #3
Three members of Google's NotebookLM team, including team lead Raiza Martin, a designer, and an engineer, are leaving Google to launch a stealth startup focused on a user-first AI product.
confirmed 1 article 2024-12-05
Google NotebookLM team stealth startup focused on a user-first AI product
Three of Google's NotebookLM team members, lead Raiza Martin, a designer, and an engineer, are leaving to launch a startup focused on “a user-first AI product”
TechCrunch · 2024-12-05 · #21
Intel appoints Eric Meurice (former ASML CEO) and Steve Sanghi (Microchip interim CEO) to its board.
confirmed 1 article 2024-12-05
Intel Eric Meurice Steve Sanghi
Intel adds former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi to its board; both have significant semiconductor manufacturing experience
CNBC · 2024-12-05 · #5
Pat Gelsinger became CEO of Intel in February 2021.
confirmed 1 article 2024-12-05
Pat Gelsinger Intel
A look at Intel CEO Pat Gelsinger's failed rescue strategy; since Gelsinger took over in February 2021, Nvidia added $3T in market cap while Intel lost $150B
Wall Street Journal · 2024-12-05 · #4
Eric Meurice and Steve Sanghi both have significant semiconductor manufacturing experience.
confirmed 1 article 2024-12-05
Eric Meurice Steve Sanghi
Intel adds former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi to its board; both have significant semiconductor manufacturing experience
CNBC · 2024-12-05 · #5
SenseTime says it completed a major organizational restructuring to shift focus from computer vision and surveillance toward generative AI.
confirmed 1 article 2024-12-04
SenseTime generative AI computer vision surveillance
Chinese AI company SenseTime says it completed a major organizational restructuring to focus on generative AI, shifting from computer vision and surveillance
Reuters · 2024-12-04 · #36
Ubisoft plans to lay off approximately 277 production team staff related to XDefiant's shutdown.
confirmed 1 article 2024-12-04
Ubisoft ~277 production team staff
Ubisoft says it will shut down its free-to-play shooter XDefiant, but keep its servers on until June 3, 2025, and plans to lay off ~277 production team staff
Polygon · 2024-12-04 · #13
Brian Singerman is one of the earliest employees of Founders Fund.
confirmed 1 article 2024-12-04
Brian Singerman Founders Fund
Brian Singerman, one of the earliest employees of Peter Thiel's Founders Fund and best known for the firm's SpaceX and Anduril investments, steps down as a GP
CNBC · 2024-12-04 · #25
Pat Gelsinger is the former CEO of Intel.
confirmed 1 article 2024-12-04
Pat Gelsinger Intel
A look at ex-CEO Pat Gelsinger's history at Intel, his bet and the costs in trying to turn the company around, and why investors may have lost confidence in him
The Verge · 2024-12-04 · #46
Gelsinger undertook efforts to turn Intel around while serving as CEO.
confirmed 1 article 2024-12-04
Pat Gelsinger Intel
A look at ex-CEO Pat Gelsinger's history at Intel, his bet and the costs in trying to turn the company around, and why investors may have lost confidence in him
The Verge · 2024-12-04 · #46
Brian Singerman steps down as a general partner at Founders Fund.
confirmed 1 article 2024-12-04
Brian Singerman Founders Fund
Brian Singerman, one of the earliest employees of Peter Thiel's Founders Fund and best known for the firm's SpaceX and Anduril investments, steps down as a GP
CNBC · 2024-12-04 · #25
Recruiters, struggling to find the right candidates, are increasing technical tests, essays, and assignments to screen applicants.
confirmed 1 article 2024-12-04
Recruiters technical tests essays assignments candidates
AI's rise has made job interviews more grueling, due to a rise in technical tests, essays, and assignments, as recruiters struggle to find the right candidates
Financial Times · 2024-12-04 · #24
PlayStation co-CEOs Hermen Hulst and Hideaki Nishino gave an interview discussing AI in gaming, preserving the human touch in game development, Astro Bot, and related topics.
confirmed 1 article 2024-12-04
Hermen Hulst Hideaki Nishino PlayStation AI in gaming game development Astro Bot
An interview with PlayStation co-CEOs Hermen Hulst and Hideaki Nishino on AI in gaming, “preserving the human touch” in game development, Astro Bot, and more
BBC · 2024-12-04 · #8
The co-CEOs emphasize preserving the human touch in game development.
confirmed 1 article 2024-12-04
Hermen Hulst Hideaki Nishino preserving the human touch game development
An interview with PlayStation co-CEOs Hermen Hulst and Hideaki Nishino on AI in gaming, “preserving the human touch” in game development, Astro Bot, and more
BBC · 2024-12-04 · #8
Glovo will hire about 15,000 riders in Spain as employees.
confirmed 1 article 2024-12-03
Glovo 15,000 riders employees Spain
Delivery Hero's food delivery app Glovo says it will move to an employment-based model for its drivers in Spain, and anticipates a €100M earnings hit in 2025
Associated Press · 2024-12-03 · #27
Microchip Technology plans to close a plant in Tempe, Arizona in the September 2025 quarter, affecting about 500 employees.
confirmed 1 article 2024-12-03
Microchip Technology plant in Tempe, Arizona about 500 employees
Microchip Technology plans to close a plant in Tempe, Arizona, in the September 2025 quarter, affecting about 500 employees, and lowers its Q3 revenue forecast
Reuters · 2024-12-03 · #28
Sources claim Intel's board gave Pat Gelsinger the option to retire or be removed after losing confidence in his turnaround plans.
rumored 1 article 2024-12-03
Intel's board Pat Gelsinger
Pat Gelsinger's retirement opens the door for Intel to consider fresh deal options, including splitting factory and product-design divisions and selling Altera
Bloomberg · 2024-12-03 · #5
Glovo (Delivery Hero's food delivery app) will convert its delivery couriers in Spain to employees, moving to an employment-based employment model.
confirmed 1 article 2024-12-03
Glovo Delivery Hero drivers in Spain employment-based model
Delivery Hero's food delivery app Glovo says it will move to an employment-based model for its drivers in Spain, and anticipates a €100M earnings hit in 2025
Associated Press · 2024-12-03 · #27
Pat Gelsinger left Intel's board on December 1.
confirmed 1 article 2024-12-03
Intel Pat Gelsinger
Pat Gelsinger's retirement opens the door for Intel to consider fresh deal options, including splitting factory and product-design divisions and selling Altera
Bloomberg · 2024-12-03 · #5
Lip-Bu Tan reportedly left Intel's board in August 2024 after clashing with Gelsinger.
rumored 1 article 2024-12-03
Lip-Bu Tan Intel Gelsinger
Sources: Intel starts shortlisting a handful of CEO candidates, including former board member Lip-Bu Tan, who left in August 2024 after clashing with Gelsinger
Reuters · 2024-12-03 · #4
Intel's CEO Pat Gelsinger has retired from his role as CEO.
confirmed 1 article 2024-12-03
Intel Pat Gelsinger
Pat Gelsinger's retirement opens the door for Intel to consider fresh deal options, including splitting factory and product-design divisions and selling Altera
Bloomberg · 2024-12-03 · #5
Ben Van Roo is the founder of Yurts.
confirmed 1 article 2024-12-03
Ben Van Roo Yurts
Generative AI startup Yurts, which has contracts with the US Army, Air Force, and others, raised a $40M Series B led by XYZ, taking its total raised to $58.35M
TechCrunch · 2024-12-03 · #14
Intel names CFO David Zinsner and Client Computing Group GM Michelle Holthaus as co-CEOs following Gelsinger's retirement.
confirmed 1 article 2024-12-03
Intel David Zinsner Michelle Holthaus
Pat Gelsinger's retirement opens the door for Intel to consider fresh deal options, including splitting factory and product-design divisions and selling Altera
Bloomberg · 2024-12-03 · #5
Sources report Intel has started shortlisting a handful of CEO candidates, including former board member Lip-Bu Tan.
rumored 1 article 2024-12-03
Intel Lip-Bu Tan
Sources: Intel starts shortlisting a handful of CEO candidates, including former board member Lip-Bu Tan, who left in August 2024 after clashing with Gelsinger
Reuters · 2024-12-03 · #4
Nike will shut down its Nike-owned NFT wearables subsidiary RTFKT, ceasing operations by the end of January 2025.
confirmed 1 article 2024-12-03
Nike RTFKT
RTFKT, the digital wearables NFT startup Nike acquired in 2021, is shutting down by the end of January 2025; DefiLlama: RTFKT brought in nearly $50M in earnings
The Block · 2024-12-03 · #30
Reports suggest Intel may consider splitting its foundry (factory) operations from its product-design divisions as part of deal/options review.
rumored 1 article 2024-12-03
Intel foundry (factory) division product-design divisions
Pat Gelsinger's retirement opens the door for Intel to consider fresh deal options, including splitting factory and product-design divisions and selling Altera
Bloomberg · 2024-12-03 · #5
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