Top 10 Tech Companies and Startups with the Largest Mass Layoffs of 2024

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Erlina Fury Santika 13/06/2024 16:43 WIB

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Data from Layoffs.fyi reveals a significant number of global technology companies and startups have conducted mass layoffs, the largest since 2024. Tesla is the first example.

Top 10 Global Tech Companies and Startups with the Most Layoffs (January-June 2024)

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Top 10 Global Tech Companies and Startups with the Most Layoffs (January-June 2024)

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Another wave of layoffs (PHK) is hitting technology companies and startups. The latest news is that PT Tokopedia Tbk will lay off 450 employees in June 2024. The decision was made by ByteDance, TikTok's parent company and Tokopedia's new controlling shareholder.

Besides the layoffs, Tokopedia is reportedly planning to shut down several of its services. In response to these rumors, PT GoTo Gojek Tokopedia Tbk (GOTO) issued a clarification.

According to *Katadata*, GOTO Corporate Secretary RA Koesoemohadiani stated that the company is not a controlling minority shareholder. Regarding the mass layoffs, GOTO said that Tokopedia is continuously reviewing the effectiveness of its organization.

"Any decisions made by Tokopedia will be determined entirely by the company's management," Koesoemohadiani said in an official statement, quoted on Thursday (June 13, 2024).

She added that GOTO believes Tokopedia's management can make decisions with due diligence regarding the management of its business activities. Furthermore, Koesoemohadiani denied the cessation of services. "To the best of GOTO's knowledge, there are no plans to discontinue nearly 80% of Tokopedia's services," she said.

Tokopedia's mass layoffs will add to the long list of layoffs in technology companies and startups. Large-scale layoffs have continued from the beginning of the year to this month, based on data collected by *Layoffs.fyi*.

Tesla was the company with the most significant workforce reduction, cutting more than 10% of its global workforce, or approximately 14,000 employees, in April 2024. The reason, according to *The Guardian*, was a slowdown in demand and price pressure.

Tesla CEO Elon Musk announced the decision in a memo first reported by Elektrek. Musk said that Tesla had grown rapidly in recent years, resulting in duplicated roles and job functions in certain divisions.

"There's nothing I hate more, but this has to be done. This will make us lean, innovative and ready for the next growth phase cycle," said the world's richest man in response to the layoff issue.

Second is SAP, which laid off 8,000 employees. Third is Dell, which laid off 6,000 employees.

Cisco, a US-based communications technology company, is fourth with 4,250 layoffs. Fifth is Toshiba, which laid off 4,000 employees.

Others include Paytm from India, Getir from Turkey, Xerox, PayPal, and Farfetch from the UK, as shown in the graph.

Other large companies like Microsoft also laid off 1,900 employees, ranking 11th on the *Layoffs.fyi* list. Meanwhile, Google laid off 1,000 employees, placing it 16th.

(See also: [Global Startup and Tech Layoffs Remain Rampant, Here's a Look Back at the Last 2 Years](https://databoks.katadata.co.id/datapublish/2024/06/13/phk-startup-dan-tekno-global-masih-marak-ini-riwayat-2-tahun-terakhir))

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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