A number of big-name tech companies have announced or are said to be planning layoffs this month, in continuation of a trend we saw in February. March 2025’s most prominent tech layoffs include those from Jack Dorsey’s fintech company Block, online meal kit company HelloFresh, server maker Hewlett Packard Enterprise (HPE), social media giant TikTok, and retailer Wayfair’s technology division. Here’s what you need to know.
Most Read from Fast Company
Twitter founder Jack Dorsey’s latest company, Block, has announced that it will cut 931 jobs. Block owns the popular fintech app and platforms Cash App and Square. The 931 laid-off workers represent about 8% of Block’s workforce.
Block made the announcement internally in an email Dorsey sent to Block staff. That email was later leaked to TechCrunch. In the email, Dorsey was very specific about why Block was cutting the chosen workers, citing three reasons:
-
eliminating employees that are part of teams “that are off strategy”
-
eliminating those who have a “below” or trending toward a “below” performance rating”
-
and in order to flatten Block’s organizational hierarchy.
Dorsey revealed the exact numbers being cut for each of the three reasons. “Strategy” cuts totaled 391 people, “performance” cuts totaled 460 people, and “hierarchy” cuts totaled 80 managers. Dorsey also announced Block was closing many of its 748 open roles at the company.
“We’re behind in our actions, and that’s not fair to the individuals who work here or the company. When we know, we should move, and there hasn’t been enough movement,” Dorsey said in the email. “We need to move to help us meet and stay ahead of the transformational moment our industry is in.”
Block declined Fast Company’s request for comment.
Online meal kit company HelloFresh has revealed that it is set to eliminate nearly 300 positions at a facility in Texas, reported GroceryDive. The layoff plans were made public because the company was required to file a Worker Adjustment and Retraining Notification (WARN) in the state. WARN notices are required in some states when a company plans mass layoffs. They are intended to give workers and the local community advanced notice.
According to HelloFresh’s WARN notice, 273 workers at its Grand Prairie, Texas, distribution center will lose their jobs on May 13. In an email to GroceryDive, HelloFresh confirmed the layoffs, which are being made because the company is consolidating its operations in the state to its Irving, Texas, location.
“As the meal kit market normalizes, we are now focused on diversifying our product offerings and driving profitable growth by optimizing our operational footprint,” a company spokesperson said in the email. “As a result, we have made the difficult decision to consolidate our operations in Texas.”
In what is the largest known tech mass layoff in March, server maker Hewlett Packard Enterprise (HPE) announced during its recent earnings report that it would cut 2,500 jobs.
As noted by CNBC, Hewlett Packard Enterprise said it is seeking to achieve $350 million in gross savings by fiscal 2027. Part of those savings will come from the 2,500 job cuts, which are expected over the next 18 months. That equates to about 5% of Hewlett Packard Enterprise’s workforce.
Despite its name, it’s important to note that Hewlett Packard Enterprise is a separate, distinct company from consumer computer maker Hewlett Packard (HP). HPE separated from HP nearly a decade ago. However, it’s worth pointing out that HPE’s March job cuts follow HP’s job cuts last month. In February, consumer computer maker Hewlett-Packard announced it would be cutting 2,000 workers.
Social media giant TikTok is another tech company that might see job cuts. However, these cuts are limited to its operations in Ireland.
As reported by Ireland’s public broadcaster, Raidió Teilifís Éireann (RTÉ), the country’s minister for enterprise, tourism and employment said it was his understanding that TikTok will cut around 300 jobs at its Dublin headquarters.
The job cuts will reportedly happen in April. TikTok is said to employ almost 3,000 individuals at its Dublin headquarters, meaning the job cuts will impact about 10% of its workforce there.
We’ve reached out to TikTok for comment.
Home goods e-commerce giant Wayfair revealed in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC) on March 7 that it is initiating a workforce reduction. According to the filing, Wayfair will let go “approximately 340 members” of the company’s Technology team.
“These changes reflect efforts to reshape, streamline and refocus the Company’s Technology organization after completing significant modernization and replatforming milestones,” Wayfair wrote in its 8-K.
Wayfair says that it employs more than 12,000 people across North America and Europe.
With the layoffs above, as well as others through the month of March, total layoffs for the tech industry since the year began currently stand at 24,313, according to data compiled by tech layoffs tracking site Layoffs.fyi. The site says that so far in 2025, 90 companies have announced tech-related layoffs.
To put the nearly 25,000 figure into more perspective, in all of 2024, Layoffs.fyi says there were just over 152,000 tech layoffs. And in all of 2023, there were over 264,000.
This post originally appeared at fastcompany.com
Subscribe to get the Fast Company newsletter: http://fastcompany.com/newsletters
