WARNTracker
.com
Layoff Insights from Public Records
ContactInsightsGet the Data Email alerts

Comparing Google, Meta, and Twitter cost savings from layoffs

By Chris Talley, and Steven Zhang
March 1, 2023
It’s no secret that layoffs are an effective cost-cutting measure. But just how effective are they for tech giants like Google, Meta, and Twitter?
 
Looking through WARN notices from these three companies (which reflect all of their California layoffs), and combining that information with salary data from layoffs.fyi makes this much easier to answer.
 
For this exercise, we looked at engineering roles at the three companies, which led us to the following estimates.
 
Engineers laid off in CA
Payroll savings (estimate)
% 2022 revenue
% 2022 profit
Google
1,211
$372,622,000
0.13%
0.63%
Meta
952
$315,130,000
0.27%
0.8%
Twitter
77
$36,120,000
1.5%
N/A
 
 
Keep in mind that these are not total payroll savings, but estimated payroll savings for layoffs of engineering positions in California.
 

Payroll savings distribution by Level

Google

notion image

Meta

notion image

Twitter

 
notion image
 
 

FAQ

Q: Why are you only looking at engineering roles?
A: Engineering roles provided the most reliable salary data, and also represented a significant percentage of the affected population. Because this data processing required significant time stitching together different sources and manually validating data, we decided to focus on these roles
 
Q: Why are you only looking at California?
A: WARN records from other states provide far less information than California WARN records. Because California data has been the most reliable and granular, and because the majority of these companies are headquartered in California, this has been our focus.

Get the Data

Get access to full data set Purchase historical WARN layoff notice data Purchase data subscription for future WARN layoff notices Purchase company-specific job title breakdown data Request laid-off employee profiles

Charts

Layoff charts by state and year

Layoff insights

By company & stateBy role & levelSoftware engineer payroll reductionsTech layoff charts

Blog

Guide to Navigating LayoffsGuide to the WARN ActList of Tech Alumni CommunitiesAll blog posts

About

For employers - Need help hiring?For job seekersFAQContact usReport possible WARN Act violation

Job boards

30,000+ Climate Tech Jobs10,000+ AI / Machine Learning Jobs600+ Telemedicine & Remote Physician Jobs

Tools

EIN & Tax ID Search for US Companies

Layoffs by state

© 2024 WARNTracker. All rights reserved.

Some logos provided by Clearbit.

Get Data Subscription