Tech Layoffs Hit 30,700 in First 6 Weeks of 2026, On Track to Surpass 2025's 245,000 Job Cuts
The tech sector has seen 30,700 layoffs globally in just the first six weeks of 2026.
At this rate, total job losses could exceed 245,000 from 2025, marking a troubling acceleration.
Major Companies Driving the Cuts
Amazon announced the largest reduction with 16,000 positions eliminated despite record revenues.
Ericsson cut around 1,900 jobs, mainly in Sweden, due to a sluggish 5G market.
ASML and Meta followed with 1,700 and 1,500 layoffs respectively, focusing on efficiency and AI shifts.
Other firms like Block Inc., Autodesk, and Salesforce each shed about 1,000 roles in restructuring efforts.
Historical Trends and Broader Impact
2025's cuts, where 28.5% tied to AI automation, set the stage for 2026's aggressive pace.
The U.S. bears over 80% of the burden with 24,600 losses, rippling through economies and families worldwide.
High-level positions, including AI directors at Microsoft, now face cuts, challenging reskilling narratives.
Projections warn of over 270,000 total 2026 layoffs, prioritizing cost reduction over expansion.
Analyst Alan Cohen views this as recalibration: 'a shift from headcount-driven expansion to automation-led productivity.'
