Source of this article and featured image is TechCrunch. Description and key fact are generated by Codevision AI system.
This article compiles data on significant tech industry layoffs and company closures from January 2025 and December 2024. Major firms like Meta, Stripe, and SolarEdge faced workforce reductions due to performance issues, cost-cutting, and industry downturns. The solar sector experienced repeated layoffs as companies grappled with macroeconomic challenges. Some firms, like Wayfair, also restructured operations by exiting international markets. The report highlights trends in tech and fintech sectors, showing both layoffs and strategic hiring decisions.
Key facts
- Meta laid off 3,600 employees (5% of staff) in January 2025 for performance-related reasons.
- Stripe reduced its workforce by 300 employees despite planning a 17% headcount increase in 2025.
- SolarEdge Technologies faced its fourth global layoff round in 2024-2025, impacting 400 workers.
- Wayfair cut up to 730 jobs in Germany as part of a shift toward physical retail operations.
- Aurora Solar and SolarEdge both cited ongoing economic challenges as key factors for workforce reductions.
TAGS:
#2025 workforce changes #company closures #fintech sector #industry downturns #solar industry trends #tech layoffs
