Latest Technology Layoffs News & Data

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Latest Technology Layoffs Data & News

June 2024

Company:   Chegg

Headquarters: Santa Clara,California, United States

Number of People: 441

Chegg, a US-based education technology company, aims to lay off over 23% of its workforce in a restructuring effort. The American tech company aims to focus more efficiently on its core audience.

June 2024

Company: Wex

Headquarters: Portland, Maine, United States

Number of People: 375

Wex, the global payment processing company based in Portland, is laying off 375 employees from the “technology organization” of its “global workforce” to better streamline the company amid what it describes as a transforming technology industry.

May 2024

Company: Allen Media Group

Headquarters: Los Angeles, California, United States

Number of People:  Not Specified

Allen Media Group, owned by TV mogul Byron Allen, is set to undergo a significant round of layoffs that will affect all business divisions. “Allen Media Group is making strategic changes to better position the growth company that will result in expense and workforce reductions across all company divisions.”

May 2024

Company: FourSquare

Headquarters: New York City, New York, United States

Number of People: 105

Foursquare, the location-focused outfit that merged with Factual, another location-focused outfit, in 2020, will cut one of its biggest cost centers—employees—in 2024. 105 employees were just let go as the company seeks to “streamline” its operations, and “set the company on more sustainable financial footing.”

May 2024

Company: Identiq

Headquarters:  Tel Aviv, Tel Aviv, Israel

Number of People:  20% of Workforce

Identiq has developed an anonymous identity validation network and is set to lay off about 20 of its 45 employees, Calcalist has learned. The company announced on Monday its intention to undergo reorganization, during which employees in Israel and the U.S. will be laid off.

How can you benefit from the Tech Layoff Data?

Investment & Trading:

Make informed decisions about buying, selling, or avoiding technology stocks based on the implications of job cuts for such companies’ profitability and market position.     

Revenue Forecasting:

Layoffs typically result in changes in decision-making and budgets. Power your revenue forecasting models with the latest layoff data about your technology customers and prospects to predict revenue from them.

Identify Churn Risks:

Layoffs in the technology sector are signals for downgrades and decreased usage and consumption of products and services. Identify customers’ churn signals proactively.

Market Research & Intelligence:

Use the latest layoff data in tech companies to identify employment trends in the sector for market research and market intelligence activities.

Employment Trends:

By tracking layoffs over time in the tech sector, companies can identify trends in the labor market. This information can be used to predict future layoffs and develop strategies to mitigate their impact. 

Hiring/ Recruitment:

Hire highly skilled talent from technology companies that announced layoffs. This targeted approach can be especially effective for companies with unique hiring needs.

Why Subscribe to Intellizence Technology Layoff Dataset?

AI-Powered Platform:

The Intellizence company intelligence platform is powered by cutting-edge Natural Language Processing and Machine Learning technologies that curate layoff data from multiple external sources. Every record is human-audited for data integrity.

Delivered in Near Real-time:

Intellizence monitors thousands of sources in real-time for any latest layoff announcements from various unstructured external sources and delivers layoff data in a structured format.

Comprehensive Coverage:

Intellizence curates the data from news, press wires, and WARN notices to ensure comprehensive coverage. The intellizence layoff dataset covers data from Technology and all other emerging and established industries.

Multiple Delivery Channels

The layoff news is delivered through multiple channels – Web Platform, Email Alerts, Slack, CRM, and ChatGPT Plugin. We offer API to power your applications and models with real-time layoff news and data. 

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In addition to Layoff News & Data, Intellizence offers curated news on 80+ company signals and structured datasets – Startup Funding, Mergers & Acquisitions, Business Expansion, Major Hiring, CXO Appointments & Changes, and Data & Security Breaches.

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