These Are The Tech Companies That Have Made Some of The Biggest Layoffs So Far

More than 32,000 tech workers in the U.S. have been let go in mass job cuts this year.

These Are The Tech Companies That Have Made Layoffs So Far

By Jasmine Browley · Updated November 10, 2022

After two years of mass hirings, we’re now in a reversal period.

Tech companies both large and small have cut jobs, including Meta, Twitter and Netflix, which cited the effects of the COVID-19 pandemic and overhiring during rapid growth periods. Other tech giants like Robinhood, Glossier and Better are a part of a growing list that are continually letting people go.

Recent data from LinkedIn shows that fintech has also been trimming their workforce. Forbes reported that Chicago-based debit card company M1, reduced its team of 369 people to 349 in one month. Neobank reported a slight decrease in employees on LinkedIn as well. PointCard, a debit rewards startup reported 105 employees in January and now it’s down to 61.

Retail tech is also taking a hit. USA Today recently reported that Shopify is cutting 10% of its staff, or nearly 1,000 employees, as a result of a sales downturn in recent months.

Unfortunately, the list of tech layoffs seems to keep growing, and we’re keeping track. Here’s who have made major downsizing moves to their workforce so far.

Hopefully, this trend will stop soon as Harvard Business Review pointed out that layoffs are awful for companies. A study they raised showed that even just a 1% downsizing would lead to a 31% increase in people quitting, and survivors of layoffs have a 41% decline in job satisfaction and a 20% decline in job performance and productivity.

Meta

On November 9, 2022, Meta announced 11,000 people, or 13 percent of its workforce, were laid off. This is the company’s most significant round of job cuts so far. The recruiting and business teams are the most affected, with engineers leading projects related to the metaverse, going mostly unscathed. “I want to take accountability for these decisions and for how we got here,” Mark Zuckerberg, Meta’s founder and CEO wrote in a letter to employees. “I know this is tough for everyone, and I’m especially sorry to those impacted.” Hiring freezes are also expected to stretch through next year as well.

Twitter

On November 6, 2022 it was reported that Twitter’s newly minted CEO Elon Musk laid off nearly half of Twitter’s workforce. In a company-wide memo, employees were informed 24 hours before layoffs began that they would be informed of if still had a job. “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce,” the email said. “We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is, unfortunately, necessary to ensure the company’s success moving forward.” Since then, it has been reported that the company is asking some fired employees to return to the company due to wide operational gaps.

Shopify

In a statement shared with employees in July, Tobias “Tobi” Lütke, Shopify’s founder and CEO, revealed that layoffs will happen across their recruiting, support and sales departments. The organization will also be doing away with “over-specialized and duplicate roles”, as well as positions that were “convenient to have but too far removed from building products.” He continued, “As a consequence, we have to say goodbye to some of you today and I’m deeply sorry for that,” Lütke said.

Netflix

With an initial round of reductions taking place in May, it was reported a month later that more than 300 employees were let go from the streaming giant across multiple departments, bringing the total to more than 450 so far. “Today we sadly let go of around 300 employees,” a Netflix spokesperson shared with Variety in a June 23 report. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.”

Robinhood

NY Times reported on August 2 that the investing app giant laid off 23% of its staff because of the imploding cryptocurrency market. This came just months after laying off 340 employees.

Snap Inc.

In a August 30 report by Verge, it was shared that Snap Inc. (Snapchat parent company) had laid plans to lay off about 20 percent of its more than 6,400 employees.

Kandi & Riley Burruss Share the Taste of Tradition with Coca-Cola®

Kandi and Riley Burruss are serving up more than just recipes—they’re dishing out legacy, one bite at a time.

By Essence · Updated March 26, 2025

Food is more than just nourishment—it’s history, love, and the heart of our culture. For Grammy-winning singer, songwriter, and entrepreneur Kandi Burruss, along with her daughter Riley Burruss, the kitchen is where family bonds strengthen, stories unfold, and traditions come to life.

In an exclusive sit-down, the mother-daughter duo invites us into their world to celebrate the flavors that connect generations. From the unmistakable aroma of home-cooked meals to the joy of passing down cherished recipes, Kandi and Riley remind us that food is a love language—and Coca-Cola® is the refreshing companion that makes every moment even more special.

A Legacy Served with Love

For Kandi, cooking isn’t just about the meal—it’s about uplifting family traditions and honoring the past. “Some of my best moments with family have been in the kitchen,” she shares. “There’s something special about preparing a dish that’s been in the family for years. It keeps us connected to our roots.”

Riley, who has grown up watching her mom master both the stage and the kitchen, agrees. “Food is a huge part of our family traditions,” she says. “And I love that I get to learn these recipes and carry them forward. It’s not just about eating—it’s about keeping our connections strong across generations.”

Flavors That Bring Us Home

As they prepare their favorite dishes, Kandi and Riley reflect on how cooking together is about more than just the food—it’s about togetherness and celebrating the love that makes every meal special. Whether it’s a Sunday soul food spread or a quick meal shared between busy schedules, every bite tells a story. And with Coca-Cola®’s crisp, refreshing taste, the experience is made even sweeter.

“There’s just something about having an ice-cold Coke with a good home-cooked meal,” Kandi says with a smile. “It’s been a part of our family gatherings for as long as I can remember. It’s that perfect, refreshing finish that makes every meal feel like a celebration.”

Kandi & Riley Burruss Share The Taste Of Tradition with Coca-Cola®

Bringing Culture to the Table

At ESSENCE, we celebrate the beauty of Black culture—and that includes the flavors, traditions, and stories that define who we are. Kandi and Riley’s journey through food is a reminder that our history lives in the meals we share, the joy we pass down, and the love we pour into every dish.

So, whether you’re recreating a beloved family recipe or making new memories at the table, let every bite be a tribute to the generations that came before us. And with Coca-Cola® by your side, every meal is a moment of uplift, connection, and refreshment worth savoring.

Watch the full video above and get inspired to celebrate your own family traditions!

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