Information Technology

Employment trends and layoff analytics for the Information Technology industry.

96
Total Affected
Since Jan 2024
1
Layoff Events
Across all companies
1
Companies
With layoffs
96
Avg per Event
Employees affected
0
Confirmed
Company verified events
1
Multi-Source
Multiple source verification
0
Severance Data
With severance information

Layoffs Over Time

By Sector

Information Technology
96

Most Common Reasons

Handshake, legally known as Stryder Corp., underwent a strategic 'refounding' to aggressively pivot towards the AI economy. This involved laying off 96 employees, representing 15% of its U.S. workforce of 650, to re-orient the entire business around its AI prospects. The company is launching 'Handshake AI,' a new division designed to connect academic experts and graduate-level professionals with AI labs that require human feedback for model training and validation. CEO Garrett Lord emphasized this move as essential for the company to compete and lead in the rapidly evolving AI landscape, stating that not going 'all-in' on AI would be a significant mistake and risk being 'lapped' by competitors. The layoffs are part of a broader mission to help job seekers, universities, and employers thrive in the AI economy.
1 event

Most Affected Departments

Software engineers
96
Recruiters
96
Marketers
96
Senior managers
96
Roles across its recruiting business vertical
96

Most Affected Locations

San Francisco
96
CA (headquarters at 225 Bush St.)
96

Companies in Information Technology

Handshake
96 employees affected · 1 event · Information Technology

Recent Layoff Events

DateCompanyEmployeesReason
Oct 15, 2025
Handshake 3 sources
96 (15.0%)
Handshake, legally known as Stryder Corp., underwent a strategic 'refounding' to aggressively pivot towards the AI economy. This involved laying off 96 employees, representing 15% of its U.S. workforce of 650, to re-orient the entire business around its AI prospects. The company is launching 'Handshake AI,' a new division designed to connect academic experts and graduate-level professionals with AI labs that require human feedback for model training and validation. CEO Garrett Lord emphasized this move as essential for the company to compete and lead in the rapidly evolving AI landscape, stating that not going 'all-in' on AI would be a significant mistake and risk being 'lapped' by competitors. The layoffs are part of a broader mission to help job seekers, universities, and employers thrive in the AI economy.