The closing days of February were not good ones for job security in the tech industry. Over the month’s final week, major industry players, including HP, Grubhub, and Autodesk announced plans to reduce their workforce, while another startup seems to be shutting down entirely. Here’s what you need to know about the latest round of tech layoffs.
HP to cut up to 2,000 workers
Without a doubt, the largest number of job cuts over the last week of February was announced by computer maker HP. In a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), dated February 27, HP revealed it will eliminate between 1,000 and 2,000 of its workers.
The layoffs were authorized via an amendment to the company’s restructuring plan, which aims to see the company cut costs. “HP expects incremental gross workforce reductions of approximately 1,000 to 2,000 employees in connection with the amendment,” the company said in the filing.
However, HP did not state which departments or jobs were most at risk.
“The changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate.”
HP employed roughly 58,000 people in 2024, according to Statista.
Grubhub to lay off 500 workers
Food delivery company Grubhub announced on Friday that it would lay off about 500 people, Reuters reported. The cuts come after food delivery startup Winder bought Grubhub in November 2024.
Grubhub reportedly employed about 2,200 people before the layoffs, which means the cuts will see over 20% of its staff let go.
Autodesk to eliminate 1,350 employees
Design software giant Autodesk, meanwhile, has announced it will lay off 1,350 workers. That equated to about 9% of its total workforce. In a memo to Autodesk employees, CEO Andrew Anagnost said the layoffs were driven by several factors, including the company reshaping its Go-to-Market (GTM) organization and its acceleration of investments in artificial intelligence.
To the latter point, Anagnost said, “Our investments in cloud, platform, and AI are ahead of our peers and enable Autodesk to provide more valuable and connected solutions that support a much broader customer and developer ecosystem. To maintain and extend this leadership, we are shifting resources across our GTM, Platform, Industry, and Corporate functions to accelerate investments in these strategic priorities.”
Ibotta to eliminate 8% of its employees
The mobile cash rewards company Ibotta announced on Friday that it would be laying off approximately 8% of its workers, reports the Colorado Sun. That equates to about 70 jobs lost out of the 858 employees the company had in September 2024.
A company spokesperson said the layoffs were “part of a strategic realignment based on our business priorities.”
HerMD to lay off all workers
Finally, women’s health startup HerMD has announced it will lay off all employees and shut down the company. Business Journals outlet Cincy Inno reports that industry challenges were a factor in HerMD closing its doors.
In an email cited by the outlet, HerMD said, “This decision was not made lightly, but it became necessary because of the ongoing challenges in health care that have made it increasingly difficult to sustain the quality care we provide and that we know our patients truly deserve.”
Tech layoffs now top 18,000 in 2025
With the addition of the tech layoffs above, jobs lost in the tech industry so far in 2025 have now totaled 18,397 across 75 companies, according to tech layoffs tracker Layoffs.fyi.
That compares to the 152,472 tech employees laid off at 549 tech companies in 2024, and the 264,220 tech employees laid off at 1,193 tech companies in 2023.
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