- Deloitte, BuzzFeed News, and Whole Foods employees are the latest to be hit by a wave of layoffs.
- Over the past few months, layoffs have expanded outside of tech, media, and finance as Dow and 3M announced cuts.
- See the full list of layoffs so far in 2023.
A wave of layoffs that hit dozens of US companies toward the end of 2022 shows no sign of slowing down into 2023.
Deloitte told employees on Friday it would eliminate 1,200 roles in the US. The news comes less than a week after competitor Ernst & Young slashed 3,000 positions, in what are rare moves for both Big 4 accounting firms.
Deloitte joins a large number of major corporations that have made significant cuts in the new year: tech companies, including Meta and Google, and finance behemoths, like Goldman Sachs, announced massive layoffs in the first weeks of 2023 amid a continued economic downturn and stagnating sales.
The downsizing followed significant reductions that companies including Meta and Twitter made last year.
The layoffs have primarily affected the tech sector, which is now hemorrhaging employees at a faster rate than at any point during the pandemic, the Journal reported. According to data cited by the Journal from Layoffs.fyi, a site tracking layoffs since the start of the pandemic, tech companies slashed more than 170,000 in 2023 alone — compared to 80,000 in March to December 2020 and 15,000 in 2021.
Here are the notable examples so far in 2023:
