Thoughtworks

Thoughtworks, a global technology consultancy, is laying off approximately 4% of its workforce, affecting hundreds of employees. The company, which employs around 10,000 people worldwide, announced the cuts in August 2023 as part of a restructuring effort to improve operational efficiency and adapt to changing market conditions in the tech industry. This move reflects broader challenges within the technology consulting sector as companies adjust to post-pandemic demand shifts and economic uncertainties.

In March 2023, global software consultancy Thoughtworks laid off approximately 500 employees, representing about 4% of its global workforce of over 12,500. The company, headquartered in Chicago and operating across 18 countries, cited the need to support future business growth amid a broader economic slowdown affecting the tech industry. Despite reporting strong quarterly revenue growth and a return to profitability, Thoughtworks made the difficult decision to reduce staff, with notifications beginning in late February and continuing into early March. The layoffs were implemented globally but notably excluded its workforce in India.