Thoughtworks Layoffs
March 2023
Thoughtworks announced a layoff affecting 500 employees (4% of its workforce) in March 2023. The company operates in the Other sector.
500
4%
Mar 1, 2023
About
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.
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