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Jobs

Layoff Tracker 2022

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Layoff Tracker 2022

© Scott Barbour / Getty Images News via Getty Images

The recession, which is here or is coming, has caused the start of large numbers of layoffs. Some economists believe unemployment will go much higher. Former Treasury Secretary Larry Summers expects the jobless rate to go from the current 3.5% to at least 5.0% as the economy cools from a period of rampant inflation.
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Many of the companies with large layoffs are in the tech industry. There are some notable exceptions. Ford just announced 3,000 cuts. Ford said the reason was efficiency. As car sales are about to drop, the decision is convenient.
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Some of the layoffs are notable for either their size or the percentage of the company’s total workforce. Admittedly, the list is not complete.
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24/7 Wall St. has developed this layoff tracker to keep track of many of these.
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Company Laid Off Month
Better.com 3,000 June
Carvana 2,500 May
Coinbase 334 June
Compass 450 May
Ford 3,000 August
Groupon 500 August
HBO 70 August
Mr. Cooper 450 June
Netflix 150 May
Peloton 2,800 February
Redfin 470 May
Rivian 124 August
Robinhood 79 August
Shopify 1,000 July
Tesla 200 July
Walmart 200 July
Wayfair 96 August
Xiaomi 900 August
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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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