More than 234,000 global tech workers have lost their jobs so far this year

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Industrials : Passenger Airlines | Small Cap Growth

Company profile

Joby Aviation, Inc. is a transportation company. The Company is developing an all-electric vertical take-off and landing (eVTOL) aircraft to be used by the Company to deliver passenger and freight air transportation as a service. The Company is engaged in designing and testing a piloted all-electric aircraft, which can take off and land vertically, while cruising like a traditional airplane. The aircraft is quiet when taking off, near silent when flying overhead and is designed to transport a pilot and four passengers at speeds of up to approximately 200 miles per hour with a maximum range of approximately 150 miles on a single charge. The Company focuses on operating its aircraft on journeys ranging from 5 to 150 miles between cities and their surrounding areas. It intends to deploy eVTOL aircraft in local aerial ridesharing networks in cities around the world. It also plans to develop an application-based platform that permits consumers to directly book rides through its service.

More than 234,000 global tech workers have lost their jobs so far this year

1:49 pm ET September 13, 2023 (MarketWatch) Print

By James Rogers

More than 1,000 tech companies have made layoffs in 2023, according to the website Layoffs.fyi

More than 234,000 global technology-sector employees have been laid off since the start of the year, according to data compiled by the website Layoffs.fyi.

The data show that 1,009 tech companies have laid off 234,976 employees thus far in 2023. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

Last week, streaming company Roku Inc. (ROKU)announced plans to lay off 10% of its staff. According to its most recent annual filing, Roku had about 3,600 employees as of the end of 2022.

Related:Roku plans to lay off 10% of staff, boosts revenue outlook

Software giant Microsoft Corp. (MSFT) announced more job cuts in July, in addition to the 10,000 cuts the company announced earlier this year.

In June, Niantic Inc., the company that created the popular "Pokemon Go" game, announced 230 layoffs.

Also in June, the Wall Street Journal reported that stock-trading app Robinhood Markets Inc. (HOOD) was laying off around 7% of its full-time staff, or about 150 people. "We're ensuring operational excellence in how we work together on an ongoing basis," a Robinhood spokesperson told MarketWatch. "In some cases, this may mean teams make changes based on volume, workload, org design and more."

Related: Microsoft is cutting more jobs, after laying off 10,000 earlier this year

And in early June, Spotify Technology SA (SPOT) announced plans to lay off approximately 200 people, or 2% of the company's workforce.

A host of other tech companies, including Facebook parent Meta Platforms Inc. (META), Amazon.com Inc. (AMZN), Microsoft-owned LinkedIn, Electronic Arts Inc. (EA), Palantir Technologies Inc. (PLTR), Twilio Inc. (TWLO), DocuSign Inc. (DOCU), Salesforce Inc. (CRM), SAP (SAP.XE), Zoom Video Communications Inc. (ZM), eBay Inc. (EBAY), Dell Technologies Inc. (DELL), PayPal Holdings Inc. (PYPL), International Business Machines Corp. (IBM), Intel Corp (INTC) and Google parent Alphabet Inc. (GOOGL)(GOOGL), have also announced job cuts in 2023.

Emily Bary contributed.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

September 13, 2023 13:49 ET (17:49 GMT)

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More than 234,000 global tech workers have lost their jobs so far this year