Mass Layoffs in 2022: What’s Next for Employees?

Mass layoffs are a difficult but common occurrence in the business world that leaves many employees wondering how they’ll be affected and what to do should they find themselves holding a pink slip.

While the current employment market in the US is strong — with low unemployment rates and high job growth — this could all change in the near future as many businesses struggle to adapt with the changing economy.

Taking all of this into account, many US companies have already begun mass layoffs this year.

So what exactly is a mass layoff?

A “mass layoff” can be defined when the following occurs:

  • When at least 50 employees are laid off within 30-days or less resulting in the laid-off employees equaling more than one-third of the company’s workforce
  • 500 employees are laid off within 30-days or less, no matter how large the company’s workforce

This can be devastating for both the individuals affected personally and the economy as a whole.

What companies have had mass layoffs this year?

Snapchat mass layoffs

Snap Inc. has confirmed that the company will lay off 20% of it’s employee workforce, which accounts for approximately 1,300 people.

The layoff news was confirmed by Snap spokesman on August 31st, noting the layoffs were in attempt to bring down costs.

They layoffs will be predominately from their content team, ending production for most of their original Snapchat longform shows. Employee layoffs will also occur in the company’s hardware division.

SoundCloud layoffs

After an eventful year of teaming up with the likes of Pandora and Splice, in early August SoundCloud CEO, Michael Weissman announced that the online music streaming community platform would be reducing its global headcount by around 20%.

Cited as part of a “significant company transformation” and a tumultuous economic landscape, SoundCloud layoffs are set to affect employees worldwide — not just here in the United States.

Netflix mass layoffs 

The streaming giant’s subscriber count continues to shrink and as a result, Netflix has laid off 150 workers accounting for about 2% of its workforce.

Citing slowing revenue as the reason for slow company growth, Netflix representatives explain that these layoffs come as the result of a business need and not due to any personal performance issues of those being let go.

Carvana mass layoffs

In one of the largest mass layoffs this year, Carvana cited a recession in auto sales as the main driver in laying off 2,500 employees.

Reports of this mass layoff have revealed that these 2,500 Carvana employees were made aware of layoffs via Zoom.

Coinbase mass layoffs

The cryptocurrency exchange platform announced that it would be laying off 18% of its workforce.

CEO Brian Armstrong cited a possible recession, a need to manage costs, and growing “too quickly” during a bull market as reasons for laying off almost one-fifth of the Coinbase workforce, leading many to wonder if this is a sign of things to come for the crypto industry at large.

Compass & Redfin mass layoffs

As the housing market remains as volatile as ever and interest rates continue to rise, Compass, a real estate brokerage, announced that it would be laying off 10% of its employees.

Redfin, another real estate brokerage feeling the effects of declining home sales, announced that it will be cutting its workforce by 8%.

These layoffs come as both companies have been struggling to keep up with the slowing housing market.

Other notable companies with layoffs in 2022:

  • DocuSign layoffs: 9% of workforce laid off (September, 2022)
  • Taboola layoffs: 6% of workforce laid off (September, 2022)
  • Snapchat layoffs: 20% of workforce laid off (September, 2022)
  • Outbrain layoffs: 3% of workforce laid off (July, 2022)
  • Lyft layoffs: 2% of workforce laid off (July, 2022)
  • The Mom Project layoffs: 15% of workforce laid off (July, 2022)
  • Opensea layoffs: 20% of workforce laid off (July, 2022)
  • Substack layoffs: 14% of workforce laid off (June, 2022)
  • Ninantic layoffs: 8% of workforce laid off (June, 2022)
  • MasterClass layoffs: 20% of workforce laid off (June, 2022)
  • Bird layoffs: 23% of workforce laid off (June, 2022)
  • Superhuman layoffs: 22% of workforce laid off (June, 2022)
  • Cameo layoffs: 25% of workforce laid off (May, 2022)
  • Robinhood layoffs: 9% of workforce laid off (April, 2022)
  • Virgin Hyperloop layoffs: 50% of workforce laid off (February, 2022)
  • Peloton layoffs: 20% of workforce laid off (February, 2022)
  • Beachbody layoffs: 10% of workforce laid off (January, 2022)

What other companies have had mass layoffs this year?

Although not technically a “mass” layoff (more than 1/3 of the company or more than 500 employees laid off in 30-days) the following companies have seen large layoffs in 2022:

DocuSign layoffs this year

DocuSign announced in September that it plans to cut around 9% of its workforce.

Like many other major corporations making mass layoffs, DocuSign says these layoffs are a part of a major restructuring plan ahead of the expected recession.

Ford Motor Company layoffs this year

Ford announced in late-August plans to lay off 2,000 salaried workers and 1,000 contract workers across the US, Canada and India — with a large percentage of these layoffs occurring in Michigan.

The layoffs will be effective September 1, 2022 according to a company spokesman.

7-Eleven layoffs this year

7-Eleven laid off at least 880 corporate employees in July of 2022 at offices in Ohio and Texas. A company spokesman said these layoffs were the result of an ongoing “integration process” after it bought rival Speedway in 2020.

Shopify layoffs this year

According to the WSJ, Shopify plans to lay off approximated 1,000 employees, roughly 10% of its global workforce.

In an internal memo on July 26, CEO Tobi Lutke told employees his belief that post-pandemic e-commerce would continue to grow did not come to fruition, noting “It’s now clear that bet didn’t pay off. Ultimately, placing this bet was my call to make and I got this wrong.”

Vimeo layoffs this year

Popular video-hosting platform Vimeo laid off 6% of their employees in July, 2022. CEO Anjali Sud stated the staff layoffs were necessary to give the company “financial flexibility,” while also noting “after assessing the challenging market conditions and uncertainty ahead, I believe this is the responsible action to take.”

Tesla layoffs this year

In late June, Tesla laid off 229 employees largely from it’s Autopilot team — with the majority being hourly workers, which is surprising given that CEO Elon Musk stated earlier in the year layoffs would be targeted at salaried positions.

Loom layoffs this year

While not technically a “mass” layoff, video messaging and collaboration service Loom recently laid off 34 members of its relatively small staff accounting for 14% of its overall workforce.

While Loom hosts 14 million monthly users, these layoffs are said to be a part of the company’s overall strategy for more sustainable growth moving forward.

What to do if you’ve been laid off

While you may be overwhelmed by what to do after being laid off, there are a few important things you should do immediately after.

If you’ve recently been laid off, be sure to take care of these three things immediately before figuring out what to do next…

Tip 1: File for unemployment immediately

Filing for unemployment is the first step you should take if you’ve been laid off. You can usually file for unemployment online, simply by providing information like your Social Security number, driver’s license or state ID number, and contact information for your previous employer.

Tip 2: Health insurance options

Exploring your health insurance options after being laid off is also important. If you were previously covered by your employer, you may be eligible for COBRA, which allows you to keep your health insurance for a certain period of time after leaving your job.

Tip 3: Retirement savings

If you had access to a 401k contribution plan at your former employer, you have the option to cash out your 401k, though this option is usually not advised as certain penalties can be incurred.

There is also the option to roll the account over into an IRA but take the time you need to decide which option is best for you with a licensed finance professional.

Top industries to apply to after you’ve been laid off 

Once you’ve taken care of those 3 housekeeping items to stay afloat while you search for your next job, take some time to update your resume, start networking, and consider the following industries in high demand for talented professionals.

Tech Industry

The tech industry is always in need of talented professionals and there is no sign of that changing anytime soon. Companies like Google, Amazon, and Apple are always on the lookout for top talent in fields with top salaries in data science, software engineering, and product management.

Digital Marketing Industry

The rise of social media and online advertising has led to a boom in the digital marketing industry. Companies are in need of talented marketers to help them reach their target audiences online in new and innovative ways.

With countless, in-demand roles with top salaries in social media and digital marketing, now is a great time to consider a career as a social media coordinator, digital marketing manager, and more.

Creative Industry

The creative industry, which includes roles with top salaries in web design, graphic design, and copywriting, is also in high demand.

Companies are always looking for creative professionals to help them stand out from the competition. If you’re a creative professional who has recently been laid off, consider pursuing a career in the creative industry.


For a complete breakdown of all the top Tech, Creative & Digital Marketing salaries, download our 2022 Salary Guide.


Are more mass layoffs coming in 2022?

While employment trends for 2022 continue to change and evolve and many companies have experienced mass layoffs, economists say that this won’t necessarily be the norm moving forward.

Recent U.S. employment numbers show that employment rates remain steady and although certain sectors have been hit by layoffs harder than others, these companies are largely those that saw larger than average growth throughout the Covid-19 pandemic.

Looking for your next Tech, Digital Marketing, or Creative gig? Let us help.

Every year,  Mondo helps over 2,000 candidates find jobs they love.

If you’ve been affected by mass layoffs in 2022, remember you still have plenty of options.

There are many industries that are still hiring and there are many things you can do to improve your employability.

Be sure to file for unemployment, explore your health insurance options, and update your resume before applying to jobs in high-demand industries like tech, digital marketing, and the creative arts.

With a little effort, you’re sure to find yourself gainfully employed again in a fulfilling role.


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