More than 238,000 global tech workers have been laid off so far this year

By James Rogers

2023 has easily surpassed 2022 for tech layoffs

More than 238,000 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 1,030 tech companies have laid off 238,306 employees thus far in 2023. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

"Fortnite" parent company Epic Games Inc. became the latest in layoffs, announcing that is laying off 16% of its workforce, or 830 employees. About two-thirds of the layoffs were in teams outside of core development, the company said in a statement released Thursday.

Related: Fortnite parent company Epic lays off 16% of staff; CEO says, 'we've been spending way more money than we earn'

Networking giant Cisco Systems Inc. (CSCO) is also among the tech companies making cuts. The company will lay off 350 employees in Silicon Valley next month, in its latest round of job cuts. The layoffs were revealed in a filing with California's Employment Development Department earlier this month.

Earlier this month, 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.

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

Related: Cisco to cut 350 jobs in latest round of layoffs

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."

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

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

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) , 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. (GOOG) (GOOGL), have also announced job cuts in 2023.

-James Rogers

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09-29-23 0814ET

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