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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 →
Samsung Electronics appoints Han Jin-man as president and head of its foundry business.
confirmed 1 article 2024-11-27
Samsung Electronics Han Jin-man president head of foundry business
Samsung names Jun Young-hyun as its co-CEO as well as head of its memory chip business and appoints Han Jin-man as president and head of its foundry business
Reuters · 2024-11-27 · #16
Donald Trump selected different cabinet picks than those Musk promoted in several cases.
confirmed 1 article 2024-11-27
Donald Trump other candidates
Analysis: Elon Musk posted about Trump's cabinet picks 70+ times from November 7 to 20 to promote his preferred candidates; Trump picked others in several cases
Reuters · 2024-11-27 · #18
Samsung Electronics names Jun Young-hyun as co-CEO and head of its memory chip business.
confirmed 1 article 2024-11-27
Samsung Electronics Jun Young-hyun co-CEO head of memory chip business
Samsung names Jun Young-hyun as its co-CEO as well as head of its memory chip business and appoints Han Jin-man as president and head of its foundry business
Reuters · 2024-11-27 · #16
Aman Bhutani has been CEO and running GoDaddy since 2019.
confirmed 1 article 2024-11-26
Aman Bhutani GoDaddy
Q&A with GoDaddy CEO Aman Bhutani on running the company since 2019, competing with Squarespace, Wix, and more, AI, social media, the Airo service, and more
The Verge · 2024-11-26 · #24
Hugo Barra, David Singleton, @alcor, and @ficus are co-founders of /dev/agents.
confirmed 1 article 2024-11-26
/dev/agents Hugo Barra David Singleton @alcor @ficus
/dev/agents, which plans to build a cloud-based OS for AI agents that can work across phones, laptops, and cars, raised $56M, a source says at a $500M valuation
Bloomberg · 2024-11-26 · #21
Bluesky plans to quadruple its contract content-moderation workforce from 25 to 100 people.
confirmed 1 article 2024-11-26
Bluesky
A look at Bluesky's moderation efforts as its growth surges; Bluesky plans to quadruple the size of its contract workforce of content moderators from 25 to 100
Platformer · 2024-11-26 · #3
Aaron Rodericks is identified as Bluesky's trust and safety chief.
confirmed 1 article 2024-11-26
Aaron Rodericks Bluesky
A look at Bluesky's moderation efforts as its growth surges; Bluesky plans to quadruple the size of its contract workforce of content moderators from 25 to 100
Platformer · 2024-11-26 · #3
Margrethe Vestager has held the EU antitrust enforcer role since 2014.
confirmed 1 article 2024-11-26
Margrethe Vestager 2014
An interview with Margrethe Vestager, the EU's tech antitrust enforcer since 2014, on her “partly successful” tenure, US collaboration, Trump, the DSA, and more
New York Times · 2024-11-26 · #12
Uber is accepting gig worker signups for Scaled Solutions from India, the United States, Canada, Poland, and Nicaragua.
confirmed 1 article 2024-11-26
Uber India United States Canada Poland Nicaragua
Uber launches a data labeling service called Scaled Solutions, accepting gig worker signups from India, the US, Canada, Poland, and Nicaragua
Bloomberg · 2024-11-26 · #15
Justin Sun is the founder of Tron.
confirmed 1 article 2024-11-26
Justin Sun Tron
Tron founder Justin Sun invests $30M in Donald Trump's World Liberty Financial, making him the largest investor in the DeFi project; the US SEC sued Sun in 2023
Bloomberg · 2024-11-26 · #29
CompTIA reports that developer job listings are down 56% since 2019.
confirmed 1 article 2024-11-25
CompTIA developer job listings
US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019
New York Times · 2024-11-25 · #4
Sources report Bill Ackman is advising the Department of Government Efficiency (DOGE).
rumored 1 article 2024-11-25
Bill Ackman Department of Government Efficiency (DOGE)
Sources: Bill Ackman, Travis Kalanick, and others are involved in the Department of Government Efficiency; Marc Andreessen is a networker for talent recruitment
Washington Post · 2024-11-25 · #24
Sources report Travis Kalanick is involved with the Department of Government Efficiency (DOGE).
rumored 1 article 2024-11-25
Travis Kalanick Department of Government Efficiency (DOGE)
Sources: Bill Ackman, Travis Kalanick, and others are involved in the Department of Government Efficiency; Marc Andreessen is a networker for talent recruitment
Washington Post · 2024-11-25 · #24
Lonsdale is reported to be passing names and helping recruit talent for DOGE.
rumored 1 article 2024-11-25
Lonsdale Department of Government Efficiency (DOGE)
Sources: Bill Ackman, Travis Kalanick, and others are involved in the Department of Government Efficiency; Marc Andreessen is a networker for talent recruitment
Washington Post · 2024-11-25 · #24
Graduates of US coding boot camps are facing a tough job market as AI coding tools and mass tech layoffs reduce hiring demand for entry-level developers.
confirmed 1 article 2024-11-25
US coding boot camp graduates AI coding tools mass layoffs
US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019
New York Times · 2024-11-25 · #4
Sources indicate Marc Andreessen is acting as a networker/recruiter to provide talent names for DOGE.
rumored 1 article 2024-11-25
Marc Andreessen Department of Government Efficiency (DOGE)
Sources: Bill Ackman, Travis Kalanick, and others are involved in the Department of Government Efficiency; Marc Andreessen is a networker for talent recruitment
Washington Post · 2024-11-25 · #24
Henna Virkkunen is an incoming EU commissioner responsible for key tech policy areas through 2029.
confirmed 1 article 2024-11-24
Henna Virkkunen European Commission key tech policy areas term_until_2029
Profiles of Teresa Ribera, Henna Virkkunen, and Ekaterina Zaharieva, the three incoming EU commissioners in charge of key tech policy areas into 2029
TechCrunch · 2024-11-24 · #13
Teresa Ribera is an incoming EU commissioner responsible for key tech policy areas through 2029.
confirmed 1 article 2024-11-24
Teresa Ribera European Commission key tech policy areas term_until_2029
Profiles of Teresa Ribera, Henna Virkkunen, and Ekaterina Zaharieva, the three incoming EU commissioners in charge of key tech policy areas into 2029
TechCrunch · 2024-11-24 · #13
Ekaterina Zaharieva is an incoming EU commissioner responsible for key tech policy areas through 2029.
confirmed 1 article 2024-11-24
Ekaterina Zaharieva European Commission key tech policy areas term_until_2029
Profiles of Teresa Ribera, Henna Virkkunen, and Ekaterina Zaharieva, the three incoming EU commissioners in charge of key tech policy areas into 2029
TechCrunch · 2024-11-24 · #13
Elon Musk is acting as Trump's efficiency czar.
confirmed 1 article 2024-11-23
Elon Musk Trump's efficiency czar
Elon Musk, as Trump's efficiency czar, is singling out ordinary federal staffers, including some with climate-related jobs, on X and unleashing his fans on them
Wall Street Journal · 2024-11-23 · #12
Aadit Palicha claims quick commerce will create more jobs than Indian Railways.
confirmed 1 article 2024-11-23
Aadit Palicha Zepto Indian Railways
Q&A with Zepto CEO Aadit Palicha on raising a new $350M round, the narrative that quick commerce is hurting grocery stores, industry pay structure, and more
Moneycontrol · 2024-11-23 · #23
Demis Hassabis serves as CEO of Google DeepMind.
confirmed 1 article 2024-11-23
Demis Hassabis Google DeepMind
Google DeepMind CEO Demis Hassabis and other executives on the challenges of rapidly infusing Google products with AI while continuing to pursue AGI
Fast Company · 2024-11-23 · #27
Employees at Samsung are expressing discontent, signaling labor unrest and internal dissatisfaction.
confirmed 1 article 2024-11-23
Samsung employees
A look at challenges facing Samsung Executive Chairman Lee Jae-yong, including the company falling behind in the AI chip race and discontent from employees
Financial Times · 2024-11-23 · #9
Amazon does not have a seat on Anthropic's board.
confirmed 1 article 2024-11-22
Amazon Anthropic
Amazon will remain a minority investor in Anthropic even as new funding brings its total investment to $8B; Amazon doesn't have a seat on Anthropic's board
CNBC · 2024-11-22 · #1
SEC Chair Gary Gensler will step down from his position effective January 20; it has been traditional for SEC chairs to resign when the administration changes mid-term.
confirmed 1 article 2024-11-22
Gary Gensler U.S. Securities and Exchange Commission (SEC)
SEC chair Gary Gensler will step down on January 20; it has been traditional for SEC chairs to resign if the administration changes in the middle of their term
Axios · 2024-11-22 · #30
Jiang Fan was demoted at Alibaba in 2020 after allegations of improper conduct.
confirmed 1 article 2024-11-21
Jiang Fan Alibaba
Alibaba appoints Jiang Fan its new e-commerce chief in an overhaul of the struggling business; Jiang was demoted in 2020 after allegations of improper conduct
Bloomberg · 2024-11-21 · #32
Alibaba's e-commerce business is described as struggling and is undergoing an overhaul.
confirmed 1 article 2024-11-21
Alibaba
Alibaba appoints Jiang Fan its new e-commerce chief in an overhaul of the struggling business; Jiang was demoted in 2020 after allegations of improper conduct
Bloomberg · 2024-11-21 · #32
Nick Pickles joins Sam Altman's Tools for Humanity as chief policy officer.
confirmed 1 article 2024-11-21
Nick Pickles Tools for Humanity
Nick Pickles, who left X as VP of Global Affairs in September, joins Sam Altman's Tools for Humanity, which is building World Network, as chief policy officer
Reuters · 2024-11-21 · #13
Nick Pickles left X in September, where he served as VP of Global Affairs.
confirmed 1 article 2024-11-21
Nick Pickles X
Nick Pickles, who left X as VP of Global Affairs in September, joins Sam Altman's Tools for Humanity, which is building World Network, as chief policy officer
Reuters · 2024-11-21 · #13
Filip Kozera and Robert Chandler are founders of Wordware.
confirmed 1 article 2024-11-21
Filip Kozera Robert Chandler Wordware
Wordware, which lets customers like Instacart and Runway create AI agents using natural language instead of code, raised a $30M seed led by Spark Capital
VentureBeat · 2024-11-21 · #31
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