Location: New York, NY, USA.
Department affected: Technology.
Based on news reporting.
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.
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