Tech Layoffs Intensify in 2026

Layoffs have become a recurring feature of the technology industry, but the scale of workforce reductions at major global companies is raising concerns. According to TrueUp, more than 175,000 technology jobs have reportedly been eliminated so far in 2026, following over 245,000 tech job cuts recorded during 2025. Companies are restructuring their operations amid rapid technological changes, while increasing investments in artificial intelligence are also influencing workforce decisions. Reduced demand for IT services, changing business strategies, cost-cutting measures and weak performance in certain divisions are among the other factors driving layoffs.

Several major technology companies have announced significant workforce reductions. Oracle is reported to have cut around 21,000 jobs over the past year, equivalent to nearly 13% of its workforce. Apple reportedly eliminated at least 60 positions in the team associated with the development of its Vision Pro headset. Microsoft announced layoffs affecting around 4,800 employees, while approximately 3,200 Xbox employees are expected to be affected by planned cuts by the end of fiscal 2027. Visa is reportedly reducing its workforce by around 7%, or approximately 2,600 positions, particularly across technology and product teams. Uber has reportedly reduced around 10% of its customer service workforce, while Amazon is also cutting jobs in parts of its AI operations. Meanwhile, experienced professionals who previously earned high salaries at companies such as Google, Meta and Microsoft are reportedly finding it difficult to secure comparable positions. Some affected workers are turning to consulting, personal brands and startups as alternative career paths. Reports that Oracle may be preparing for another round of global job cuts involving thousands of employees have added to concerns over the continuing uncertainty in the tech sector.