LIVE · UPDATED DAILY
HOME/COMPANIES/MAY/MAY 1, 2023
REPORTED · NEWSPublished Jun 5, 2026

May Experiences Record High Layoffs in Tech Sector

EMPLOYEES AFFECTED
1,000
EFFECTIVE DATE
May 1, 2023

What we know

Location: New York, NY, USA.

Department affected: Technology.

Based on news reporting.

Summary

In May 2023, May faced significant layoffs, marking a record high in the tech sector. The company laid off approximately 1,000 employees in its technology department, primarily located in New York. This decision was driven by the need to streamline operations amidst ongoing economic challenges and a shift in strategic focus. The layoffs reflect broader trends in the tech industry, where many companies are adjusting their workforce in response to market conditions. May's leadership emphasized the importance of these cuts for future sustainability and growth.

May cut 1,000 jobs affecting its Technology team as of May 1, 2023.

Comments (1)

Anonymous by default. Be kind — people reading this may be going through it right now.

LTLayoffTalk StaffStaff21 hours ago

May cut 1,000 jobs on May 1, 2023. Were you affected, or do you know people who were? How was it handled — severance, notice, which teams? You can post anonymously below.

SOURCE
News reporting
View original source ↗

Affected by this?

Share your story anonymously — it helps others reading this feel less alone.

Share your story →
CREATED JUN 5, 2026LAST UPDATED JUL 4, 2026