Following last year's layoffs of thousands of people, companies in the United States and Canada continue to lay off employees in 2024, despite the retreat of concerns about economic recession, the prospects of a cut in interest rates by the Federal Reserve remain uncertain. Among them, layoffs continue to sweep the tech industry, including giants such as Amazon, Google and Microsoft. Next, media companies, financial companies, and retailers are also major layoffs.

The following is a list of layoffs announced this year:

Technology Companies

Amazon(AMZN.US) layoffs include less than 5% of employees in the Buy with Prime department, 5% of employees in Audible's audiobooks and podcast department, hundreds of employees in streaming and studio operations, 35% of employees in the streaming department Twitch, hundreds of employees in the medical care department One Medical and Amazon Pharmacy. The company also announced layoffs in the cloud computing service department AWS, involving hundreds of positions in sales, marketing and global services departments, as well as hundreds of positions in the physical store technology team.

The layoffs conducted by Google's parent company Alphabet(GOOGL.US) include dozens of people in the new technology development department X Lab, hundreds of people in the advertising sales team, including hundreds of people in the hardware teams responsible for Pixel, Nest and Fitbit, and most of the employees in the AR team.

Microsoft(MSFT.US) plans to cut about 1,900 jobs in the gaming department, which includes Activision Blizzard and Xbox.

IBM(IBM.US) plans to partially lay off employees in 2024, but will recruit more positions centered on artificial intelligence.

Intel(INTC.US) previously stated that it will lay off more than 15%, about 0.0175 million people. This chip maker is seeking to turn losses into profits and focus on its loss-making manufacturing business.

E-commerce company eBay(EBAY.YS) plans to lay off about 1,000 people, accounting for 9% of its total number of employees.

Video game software provider Unity software(U.US) plans to lay off about 25%, or 1,800 jobs.

DocuSign(DOCU.US) plans to lay off about 6%, or 400 employees, mostly in sales and marketing.

Snap(SNAP.US) plans to lay off about 528 people, or 10% of its global workforce.

Salesforce(CRM.US) plans to lay off about 700 people, accounting for approximately 1% of its global workforce.

Network giant Cisco(CSCO.US) is planning to restructure its business, including laying off thousands of people.

Autonomous driving technology company Aurora Innovation(AUR.US) is laying off 3% of its staff.

Canadian BlackBerry(BB.US) plans to lay off more staff after laying off about 200 people in the previous quarter.

Satellite broadcasting company SiriusXM(SIRI.US) plans to lay off about 3%, or about 160 people.

Bumble(BMBL.US) plans to lay off 350 people, accounting for about 30% of its total number of employees.

Auto Manufacturers

Electric car manufacturer leader Tesla (TSLA.US) is cutting more than 10% of its workforce globally. As the price war for electric vehicles intensifies, Tesla is trying to cope with declining sales.

Lucid (LCID.US) says it will cut 6%, or about 400 employees. The electric vehicle industry is currently working to cope with slowing growth.

Media company.

Pixar Animation Studio, which made classic movies such as "Toy Story" and "Up", has begun laying off about 14% of its workforce as it scales back its development of original streaming shows, affecting about 175 people. The studio is under Disney (DIS.US).

Comcast (CMCSA.US) subsidiary British media group Sky plans to cut about 1,000 jobs across its business segments this year.

The Los Angeles Times plans to lay off 94 journalists.

Paramount Pictures will lay off 15% of its workforce in the United States to address the decline in cable TV business. The layoffs are part of Paramount's effort to trim $500 million in costs before merging with Skydance Media, and will affect about 2,000 people.

Business Insider plans to lay off about 8% of its employees.

BCE Inc. plans to cut 4,800 jobs.

Financial services.

PayPal Holdings (PYPL.US) plans to lay off about 2,500 employees this year, or 9% of its global workforce.

Payment company Square (SQ.US) has begun laying off employees, with no specific number announced.

Citigroup (Ci.US) plans to cut 0.2 million jobs over the next two years. The company has announced plans to lay off 716 people in New York to achieve this goal.

Insiders revealed that investment banking giant Morgan Stanley (MS.US) plans to lay off hundreds of employees in its wealth management division, affecting less than 1% of the division's employees.

Exchange operator Nasdaq (NDAQ.US) plans to cut hundreds of jobs as it integrates financial technology company Adenza into its own business.

Asset management company BlackRock (BLK.US) plans to cut about 3% of its workforce, but expects the number of layoffs to be greater by the end of 2024.

Retail and consumer industries.

Walmart (WMT.US), the world's largest retailer, plans to lay off hundreds of employees at its headquarters and transfer most of its remote workers in the US and Canada to three offices.

Cosmetics giant Estée Lauder (EL.US) plans to cut 3% to 5% of its global workforce.

Wayfair (W.US) plans to lay off 1,650 people, about 13% of its workforce.

US department store chain Macy's (M.US) will lay off 2,350 people and close five stores.

Levi's (LEVI.US) plans to lay off 10%-15% of its workforce globally.

Hershey's (HSY.US) restructuring plan will affect less than 5% of its workforce.

Sportswear giant Nike (NKE.US) is cutting about 2%, or more than 1,600 jobs. After this year's earnings decline, Nike hopes to reduce costs. As a part of Nike's ongoing $2 billion cost-saving plan, the company's footwear brand Converse will also be affected.

The medical care sector usually outperforms the overall market during economic downturns due to its low correlation with economic cycles. For example, in the global economic recession of 2009, the pharmaceutical and biotechnology industries had steady performance and limited impact on sales and profits.

Novavax (NVAX.US) is cutting about 12% of its workforce.

Consumer healthcare company Kenvue (KVUE.US) will lay off 4% of its workforce globally.

Manufacturing

Defense contractor Lockheed Martin (LMT.US) plans to lay off 1% of its workforce.

Spirit AeroSystems (SPR.US) is laying off hundreds of employees in Wichita, Kansas. The company is being affected by Boeing's high debt and production slowdowns as its primary customer.

U.S. defense contractor L3Harris (LHX.US) cut 5% of its workforce in April to streamline its business and save costs.

Logistics

United Parcel Service (UPS.US) plans to lay off 0.012 million employees to reduce costs.

FedEx (FDX.US) plans to cut 1,700 to 2,000 back-office jobs in Europe as the package delivery company struggles with weak freight demand.

Natural Resources

U.S. natural gas producer Chesapeake Energy Corporation (CHK.US) is laying off employees after completing its divestiture of oil assets last year.

U.S. mining company Piedmont Lithium (PLL.US) is laying off 27% of its workforce as part of its cost-cutting plan.

Canadian oil and gas pipeline company TC Energy Corporation (TRP.US) has laid off some employees as part of its previously announced plan to consolidate its natural gas pipeline business.

Canadian crude oil pipeline operator Enbridge (ENB.US) says it will cut about 650 jobs, or 5%, in order to save costs.