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Fortune
Fortune
Kylie Robison

Tech kicks off 2024 with a layoff bender as the industry braces for yet another 'bumpy landing'

(Credit: David Paul Morris—Bloomberg/Getty Images)

Hi everyone, senior tech reporter Kylie Robison here. I don’t want to say the L-word first, but it’s starting to look like some feelings are changing.

Layoffs, not love, are in the air again. Google slashed hundreds of jobs today, while Instagram cut several dozen of its own on Wednesday Also this week, Amazon-owned Twitch lost 35% of its staff, and Amazon's Prime Video divisions announced several hundreds layoffs but "it's far lower than 35%" a spokesperson wrote to Fortune, and AI startup Humane, which raised over $200 million and plans to ship its new wearable in the coming months, just cut 4% of its employees. Adding to the bloodshed, video game software provider Unity Software plans to cut 1,800 jobs, or 25% of its staff.

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