The full list of major US companies slashing staff this year, from Citigroup to Google and Microsoft

The full list of major US companies slashing staff this year, from Citigroup to Google and Microsoft
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The full list of major US companies slashing staff this year, from Citigroup to Google and Microsoft
Citi said it will dismiss 20,000 employees.

  • Last year’s job cuts weren’t the end of layoffs. Further reductions are in the cards for 2024.
  • Companies like Amazon, BlackRock, Nike, Intel, and Citigroup have announced plans for cuts this year.
  • See the full list of corporations reducing their worker numbers in 2024.

A slew of companies across the tech, media, finance, and retail industries made significant cuts to staff in 2023. Major tech players like Google and Meta, finance giants like Goldman Sachs, and manufacturers like Dow all announced layoffs.

And the forecast for 2024 is already looking grim.

Thirty-eight percent of business leaders surveyed by ResumeBuilder think layoffs are likely at their companies in 2024, and around half say their companies will implement a hiring freeze. ResumeBuilder talked to around 900 leaders at organizations with more than 10 employees.

Half of those surveyed cited concerns about a recession as a reason.

Another major reason: artificial intelligence. Around four in 10 respondents said they’ll have to conduct layoffs as they replace workers with AI. Major tech companies like Dropbox, Google, and IBM have already announced job cuts as part of a new focus on AI.

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Here are the companies with job cuts either planned or already underway in 2024.

Google laid off hundreds more workers in 2024.
Google CEO Sundar Pichai
Google confirmed the layoffs to Business Insider in an email.

Google laid off hundreds of workers in its central engineering division and members of its hardware teams — including those working on its voice-activated assistant.

In an email to some affected employees, the company encouraged them to consider applying for open positions at Google if they want to remain employed.

For those unable to secure a new position, their last day will be April 9, according to the email.

The tech giant laid off thousands throughout 2023, beginning with a 6% reduction of it global workforce (about 12,000 people) last January.

Discord is laying off 170 employees.
Discord logo displayed on a phone screen and Discord website displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on November 5, 2022.
Jason Citron said rapid growth was to blame for the cuts.

Citi will cut 20,000 from its staff as part of its corporate overhaul.
jane fraser milken institute panel
CEO Jane Fraser has been vocal about the necessity for restructuring at Citigroup.

‘Several hundred’ jobs are being cut at Amazon Prime Video and Amazon MGM Studios.
amazon logo in a building lobby
The cuts follow several rounds of layoffs at Amazon last year.

The same day, Amazon-owned Twitch also announced job cuts.
Twitch is walking back its policy allowing for "artistic nudity" after just two days.
Twitch is cutting more than 500 positions.

Nike’s up-to-$2 billion cost-cutting plan will involve severances.
Nike Customers walk past a Nike store in Shanghai, China
Athletic retailer Nike will be making reductions to staffing as part of a cost-cutting initiative.

Intel reportedly warned about more cuts in 2024 on top of the five rounds it made in 2023.
An image of the Intel logo in blue.
Intel reportedly plans further job cuts in 2024.

BlackRock is planning to cut 3% of its staff.
BlackRock logo
BlackRock expects to lay off 3% of its workforce.

Rent the Runway is slashing 10% of its corporate jobs as part of a restructuring.
Woman walks out the door of Rent the Runway store
Rent the Runway is laying off a few dozen people in its corporate workforce.

Unity Software is eliminating 25% of its workforce.
Sutro combines the best of Unity, Figma, Retool, and GPT-3
Unity Software plans to cut roughly 1,800 jobs.

eBay is cutting 1,000 jobs.
eBay logo sign outside its office
eBay wants to become “more nimble.”

Microsoft is reducing its headcount by 1,900 at Activision, Xbox, and ZeniMax
Microsoft logo and Activision Blizzard logo
Microsoft is being challenged by the FTC on its planned purchase of Activision Blizzard

Salesforce is cutting 700 employees across the company, The Wall Street Journal reported
Salesforce Tower in New York.
Salesforce laid off about a tenth of its headcount last year.

Flexport will reportedly lay off 20% of its workers.
Flexport CEO Ryan Petersen began rescinding job offers on Friday.
Flexport CEO Ryan Petersen returned to the company in September.

US logistics startup Flexport will be cutting 20% of its estimated 2,600 employees over the next few weeks, The Information reportedreported.

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With founder and CEO Ryan Petersen back at the helm since September, Flexport initiated a 20% reduction in October.

Flexport kicked off 2024 with the announcement that it raised $260 million from Shopify and made “massive progress toward returning Flexport to profitability.”

Read the original article on Business Insider


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