We're more than half way through the year, and there have been more than 175,000 layoffs across the tech industry. Here are the details.
Katie Teague,
Valentina Palladino
August 14, 2026
Tech layoffs are hitting hard this year as the industry shifts to accommodate the rapidly increasing capabilities of AI. (NurPhoto via Getty Images)
We're over halfway through 2026, but unfortunately we didn't get here without a ton of tech layoffs. In June, 14,000 job cuts happened at EV automaker Lucid, game developer Bungie, trading platform company Robinhood and others. And not too long ago, Microsoft had its latest round of layoffs, affecting 4,800 jobs — mostly across its Xbox gaming division. Shortly after, companies including Samsung, Amazon, Uber and Monday.com followed suit.
According to many reports, the U.S. is at the center of these job cuts. Oracle has had the biggest impact on layoffs this year so far. The annual financial disclosure the company filed on June 23 showed the software giant cut 21,000 jobs over the past year, roughly 13% of its workforce.
"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said in the filing.
In response to the numerous job cuts, California Governor Gavin Newsom in June unveiled a tool to track AI's impact on the workforce. "As AI advances, we aren't just watching from the sidelines; we're reimagining how we prepare California through strong governance and innovative policy." And recently, more than 4,500 Google workers signed a petition calling for layoff protections as things get worse. Some of the protections they're asking for include buyouts before mandatory layoffs and guaranteed severance.
TrueUp finds that layoffs seem to be moving at a faster rate than last year — over 245,000 workers in tech were let go in 2025, while there have been more than 175,000 layoffs in 2026 so far. Several of the companies below have laid off employees due to increased spending in AI. We'll get into the reasons for the layoffs.
August 14, 2026
Tech layoffs are hitting hard this year as the industry shifts to accommodate the rapidly increasing capabilities of AI. (NurPhoto via Getty Images)
We're over halfway through 2026, but unfortunately we didn't get here without a ton of tech layoffs. In June, 14,000 job cuts happened at EV automaker Lucid, game developer Bungie, trading platform company Robinhood and others. And not too long ago, Microsoft had its latest round of layoffs, affecting 4,800 jobs — mostly across its Xbox gaming division. Shortly after, companies including Samsung, Amazon, Uber and Monday.com followed suit.
According to many reports, the U.S. is at the center of these job cuts. Oracle has had the biggest impact on layoffs this year so far. The annual financial disclosure the company filed on June 23 showed the software giant cut 21,000 jobs over the past year, roughly 13% of its workforce.
"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said in the filing.
In response to the numerous job cuts, California Governor Gavin Newsom in June unveiled a tool to track AI's impact on the workforce. "As AI advances, we aren't just watching from the sidelines; we're reimagining how we prepare California through strong governance and innovative policy." And recently, more than 4,500 Google workers signed a petition calling for layoff protections as things get worse. Some of the protections they're asking for include buyouts before mandatory layoffs and guaranteed severance.
TrueUp finds that layoffs seem to be moving at a faster rate than last year — over 245,000 workers in tech were let go in 2025, while there have been more than 175,000 layoffs in 2026 so far. Several of the companies below have laid off employees due to increased spending in AI. We'll get into the reasons for the layoffs.
August 2026
TikTok
The New York Times reported that TikTok will lay off 250 people and close its Nashville, Tennessee office in October. This location was home to, in part, some of TikTok's content moderation team, although the company has not specified the reason for the layoffs or which teams they primarily affect. "We have decided to close our Nashville office to streamline our operations and better align our teams for long-term growth," a press officer for what is known as the TikTok U.S.D.S. Joint Venture said in a statement to the Times.
Zillow
Zillow will lay off just over 500 people as it enacts organizational changes across the company. "These are difficult decisions that reflect both the strides we're making in our strategy and the reality of what is required of us to grow at scale," CEO Jeremy Wacksman wrote in a press release. Wacksman didn't go into detail about what organizational changes were made, or which departments are bearing the brunt of the layoffs. "These changes are about ensuring we have a disciplined cost structure and getting more efficient, with the right people in the right positions," he wrote.
July 2026
Microsoft
Microsoft has begun another round of layoffs that affects 4,800 jobs, or around 2.1% of its workforce. The Xbox division is getting hit the hardest, with 3,200 roles getting cut through fiscal year 2027, Xbox chief Asha Sharma said in a post on X — 1,600 people were let go on July 6. Shortly after those layoffs were revealed, it was announced that Sharma was appointed to a U.S. Federal Reserve task force to help advise it on "productivity and jobs." Other appointees include Marc Andreessen of Andreessen Horowitz and Charles I. Jones, professor of economics at Stanford University.
Intel
Intel is reportedly downsizing its data center group, despite strong performance. The company hasn't disclosed how many roles would be affected.
Visa
Visa will be cutting about 2,600 jobs, which amounts to about 7% of its workforce. The layoffs will primarily affect the technology and product teams, and the impetus in part is to make the company more efficient. "To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work," Chief Executive Officer Ryan McInerney wrote in a memo. "AI is also helping to accelerate this evolution and shape the way work gets done at Visa." But according to Bloomberg's report, AI was not the only factor to influence Visa's decision to do these layoffs. The company reportedly intends to reinvest in things like consumer payments and value-added services like stablecoin.
Monday.com
Software company Monday.com will be laying off 20% of its workforce, which comes out to about 630 people. This comes as the company makes a pivot to AI and is attempting to make its AI platform a core offering of its business. Earlier this year, it designed its main product around the idea that business customers increasingly want its employees to work with AI agents.
Patreon
Patreon laid off 20% of its workforce, or 93 people, as a result of the company "changing our organizational structure and how we work." But Patreon was explicit in its email to creators and staff that "we are not making the above changes because we believe AI replaces humans." However, the email also said "AI has fundamentally transformed the tech industry, though, including how we work."
Uber
Uber has reportedly laid off 10% of its customer service division, according to a Bloomberg report, as it looks to "embrace artificial intelligence" and simplify its ranks. The company also stated in May that it would slow hiring as it makes use of AI more internally.
Samsung
Samsung is eliminating 179 jobs as it moves its New Jersey headquarters to Texas later this year. The move is expected to impact around 1,000 workers. We're now getting a fuller picture of what that looks like: according to Reuters, 739 roles at Samsung's New Jersey location have been affected in some way. Some have been offered relocation packages as the company shifts its headquarters to Texas, while others have been let go. In addition, it's reported that 100 roles in its Texas location, primarily in the mobile division, have also been let go.
Amazon
Amazon will lay off some people in its artificial general intelligence group, although the company has not disclosed how many roles will be affected. "This is a fast-moving space, and we're sharpening our focus on the initiatives that matter most for customers, so we can move faster on what counts," an Amazon spokesperson told CNBC.
June 2026
Bungie
Sony Interactive Entertainment released a statement that it's cutting "a significant number of employees" from its Bungie workforce. That includes most of the Destiny team and some Marathon team members, as well as SIE teams that support Bungie's operations. The email didn't say how many employees were affected.
Lucid
Electric vehicle maker Lucid announced it's cutting around 18% of its workforce, and also noted COO Marc Winterhoff's leaving the company, Reuters reported. The layoffs are in an effort to "boost profitability amid growing competition." The cuts affect full-time employees, contractors and hourly manufacturing workers.
Rackspace
Cloud computing services company Rackspace laid off 750 workers, or around 15% of its workforce. The cuts are driven by a shift in focus toward AI.
Rivian
EV company Rivian let go of hundreds of employees, which amounts to around 2% of the company's workforce, the Wall Street Journal reported. Those affected were part of Rivian's service and customer organization, which handled marketing and sales.
Robinhood
Trading platform company Robinhood is planning to lay off 10% of its staff to restructure, the Robinhood Comms account shared on X today — that's around 290 jobs. It's unclear if the layoffs are AI-related, but CEO Vlad Tenev noted the company will be "utilizing frontier technologies to push our execution even further."
Salesforce
Salesforce laid off at least 86 employees in California, though Business Insider sources say job cuts also occurred in Washington and outside the U.S. as well. The cuts reportedly affect employees involved with Salesforce's Agentforce AI product, Mulesoft IT integration tool and its Marketing Cloud software.
May 2026
Groupon
Groupon is planning to lay off roughly 25% of its workforce, which will result in 400 job cuts. Those positions are expected to be eliminated by the end of the third quarter. This is in an effort to restructure the company and rebuild it as an AI-native company.
Wix
In another set of AI-related layoffs, website builder Wix said it was cutting around 20% of staff. Wix cofounder and CEO Avishai Abrahami announced the cuts on X, pointing to the changes AI is bringing to the industry and stating "we need to become a faster, leaner, and flatter organization." He also put part of the blame on the Israeli Shekel to U.S. Dollar exchange rates, which impact the company because it's based in Israel. The cuts are expected to impact around 1,000 roles, based on Wix's headcount.
Webflow
Webflow, a website builder and hosting company, conducted a round of layoffs that an employee called "a bloodbath" in a statement to the San Francisco Chronicle. It's unclear how many employees were impacted, but one anonymous developer from the company told the Chronicle they believe it was larger than Webflow's last major round of layoffs, which affected 8% of its workforce in 2024. As with other recent layoffs, it looks like a shift to AI is to blame here. "AI is rewriting the rules for how marketing teams create, test, and optimize digital experiences," CEO Linda Tong said in a statement. "And the companies that move decisively through moments like this are the ones that come out ahead."
ClickUp
ClickUp CEO Zeb Evans announced that the company cut 22% of its workforce as it turns toward AI to improve productivity. He claimed it "wasn't about cutting costs," but about funneling savings from the cuts "directly back into the people who stay." The company has introduced million-dollar salary bands reserved for employees who "create outsized impact using AI."
Intuit
Intuit is planning to lay off 3,000 employees, or about 17% of its workforce, Reuters reports. CEO Sasan Goodarzi sent a memo to employees noting the layoffs would help the company's efforts of focusing on infusing AI across its services.
Meta
Meta has officially begun cutting 10% of its workforce, totaling around 8,000 employees. In addition, it plans to close 6,000 open roles. The reason is to allow more room for AI spending.
NPR
Like Microsoft, NPR is offering voluntary buyouts to 300 employees in the newsroom, but only 30 will be accepted. However, if the news organization doesn't receive its target number, it will result in targeted layoffs. The reason is due to the loss of federal funding.
Amazon
The online retail giant cut more jobs this month, this time from the Selling Partner Services organization. These new layoffs come after Amazon cut roughly 30,000 jobs in rounds across October and January. A spokesperson told Business Insider that the most recent layoffs have affected a "small number" of employees. The Selling Partner Services team works with third-party merchants on Amazon, providing onboarding, logistics and account management support.
Cisco
Cisco is cutting just under 4,000 jobs in Q4, CEO Chuck Robbins said in a blog post. Impacted employees will receive pro-rated payment of 2026 bonuses and will also receive "support in finding new opportunities" via Cisco's placement services. In June, it was confirmed that the layoffs include 471 workers in the Bay Area.
"While we are reducing roles in some areas, we are making clear, strategic investments — particularly in silicon, optics, security, and in our employees' use of AI across the company," Robbins said.
LinkedIn is planning to lay off 5% of its staff, which is around 875 employees, Reuters reports. An anonymous person told Reuters the reason is to reorganize teams and focus employees on areas where its business is growing. However, one of the sources said the reason was "not for artificial intelligence to replace jobs at LinkedIn."
General Motors
GM is letting go of around 500 to 600 employees in the Information Technology sector, Bloomberg reports. The reason is to "trim costs and clear the way to bring in staff with skills in other technology areas."
Cloudflare
Due to restructuring driven by AI, Cloudflare is cutting more than 1,100 employees. "Today's actions are not a cost-cutting exercise or an assessment of individuals' performance; They are about Cloudflare defining how a world-class, high-growth company operates and creates value in the agentic AI era," Prince and President Michelle Zatlyn said in an email to employees.
PayPal
PayPal is planning to cut around 20% of its staff — nearly 4,800 employees — over the next few years, according to the Wall Street Journal. "First, we will remove duplication and layers from our organizational structure. Second, we will accelerate our AI adoption and automation across our operations," CEO Enrique Lores said to investors.
Coinbase
Cryptocurrency platform Coinbase is laying off 700 employees, which amounts to around 14% of its staff. CEO Brian Armstrong cites the current market and AI changing the way they work as reasons for the layoffs.
April 2026
Microsoft
Microsoft is offering a first-ever buyout to up to 7% of its employees, CNBC reports. It's a one-time retirement program that's available for workers at the senior director level and below whose years of employment and age are 70 or higher.
Nike
Nike announced it's laying off 1,400 people this week. "Collectively, these changes will result in a reduction of approximately 1,400 roles in global operations, with the majority in technology," COO Venkatesh Alagirisamy said. "These reductions are very hard for the teammates directly affected and for the teams around them, too."
Amazon
Amazon is planning to temporarily close a warehouse in Homestead, Florida, which will eliminate more than 600 jobs, Newsweek reports. The job cuts will start in July and continue through September but the giant company is giving employees the option to relocate to other facilities. The warehouse has only been open for just under two years but Amazon is already looking to update the site.
Redwood Materials
Battery recycling company Redwood Materials laid off 10% of its employees, totaling 135 people, TechCrunch reports. Those who were let go received an email from the chief HR officer telling them the layoffs were made "to sharpen our focus, our work and the size of our teams to support the direction Redwood is going in the future."
Snap
Snap is laying off 1,000 workers, which is 16% of its staff, Variety reports. The Snapchat parent company made the announcement just weeks after Irenic Capital Management asked the company to make changes to improve performance and revenue.
Snap is using AI to streamline operations and assist the now smaller workforce. "We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives," Snap CEO Evan Spiegel said.
Disney
Just two months after taking over as CEO of Disney, Josh D'Amaro announced the company is laying off 1,000 of its employees, AP News reports. In addition, Marvel let 8% of its staff go after the call was made.
"Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney," D'Amaro said in a memo to employees. "Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow's needs."
GoPro
The wearable camera maker this year will eliminate 145 employees due to a restructuring plan to cut costs, the Wall Street Journal reported. The cuts are expected to last until the end of the year.
Vimeo
Vimeo is going through its third round of layoffs since it was acquired by Bending Spoons. This time, the company let go of more than 120 people, which is about 25% of its city staff
.
Meta
It's been reported that 200 Meta employees in the Bay Area will lose their jobs at the end of May. That includes 124 employees in Burlingame and 74 in Sunnyvale. The company last laid off workers just a few weeks ago.
Meta
It's been reported that 200 Meta employees in the Bay Area will lose their jobs at the end of May. That includes 124 employees in Burlingame and 74 in Sunnyvale. The company last laid off workers just a few weeks ago.
March 2026
Oracle
Oracle has begun implementing a big cull of its employee base. On the final day of March, more than a dozen Oracle employees announced on LinkedIn they had been let go from their jobs, Business Insider reports. It's unclear at this time how many workers were affected, but it was projected to be thousands at the start of this month.
Those laid off received the same email: "After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change."
The job cuts are reportedly to help Oracle stem a cash drain related its expenditures on AI infrastructure. In June, Oracle revealed that it had laid off 21,000 people as part of the cuts.
Eidos-Montréal
Deux Ex studio Eidos-Montréal announced on March 30 that it's laying off 124 people. In response, the studio head David Anfossi has decided to leave the company.
The cuts are a result of "changing project needs and impacts across production and support teams," the gaming company said in a LinkedIn post. It also noted that the decision to lay off these employees is not related to their talent or performance.
T-Mobile
After already having layoffs in January, T-Mobile has cut even more of its workers, GeekWire reports. It's unclear how many people were laid off at this time, but it could be in the hundreds.
"To move even faster in a dynamic market while continuing to deliver best-in-class digital experiences for our customers, we're further aligning our IT organization to support future growth and innovation… This includes the difficult decision of eliminating some roles while continuing to invest and hire in areas," T-Mobile told GeekWire in a statement.
Meta
Meta began laying off hundreds of employees on March 25, totaling around 700 people, per The New York Times. Those impacted were part of the Reality Labs team, as well as social media and recruiting teams. Though still significant, this is a much smaller number compared to a Reuters report that suggested 20% off staff would be affected by layoffs due to the increased spending on AI.
This change comes as the company is shifting away from its metaverse creation, which includes Horizon Worlds for its Quest VR headset that's operated by the Reality Labs team.
Epic Games
The gaming giant on March 24 announced it was laying off more than 1,000 workers in an effort to right-size the staff of its popular free-to-play online shooter, Fortnite. CEO Tim Sweeney sent a note to his staff, citing the reason for the layoffs is due to the "downturn in Fortnite engagement," which means "we're spending significantly more than we're making, and we have to make major cuts to keep the company funded." He made it a point to note the layoffs are not related to AI.
Ubisoft
105 employees from the Red Storm Entertainment team were laid off by Ubisoft in an effort to cut costs, IGN reports. Game development has ended at the studio, so the downsizing will remain permanent. The company employed 180 people in 2022 but has seen multiple layoffs over the years.
Atlassian
Roughly 1,600 employees were laid off at Atlassian on March 16, which is around 10% of total workers. Ahead of the layoffs, Atlassian CEO Mike Cannon-Brookes shared a message with the entire team, letting them know the reason is to "self-fund further investment in AI and enterprise sales, while strengthening our financial profile. We're also changing the way we work and reorganising around our System of Work to move faster." Impacted employees received an email shortly after this message went out.
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