The tech industry is facing a wave of layoffs in 2026, with nearly 155,000 jobs cut so far. Major companies like Meta, LinkedIn, Lucid, Robinhood, and many others have announced significant workforce reductions. This article breaks down the layoffs by month, highlighting the reasons behind each cut.
June 2026
Lucid
Electric vehicle maker Lucid is cutting 18% of its workforce (around 1,800 jobs) to boost profitability amid growing competition. The cuts affect full-time employees, contractors, and hourly manufacturing workers.
Rackspace
Cloud computing company Rackspace laid off 750 workers (15% of its workforce) as it pivots toward AI.
Rivian
EV startup Rivian let go of hundreds of employees (about 2% of its workforce) from its service and customer organization.
Robinhood
Trading platform Robinhood plans to lay off 10% of its staff (around 290 jobs) to restructure, with CEO Vlad Tenev citing the use of "frontier technologies" to push execution further.
Salesforce
Salesforce laid off at least 86 employees in California, affecting teams involved with its Agentforce AI product, Mulesoft, and Marketing Cloud.
May 2026
Groupon
Groupon is cutting 25% of its workforce (400 jobs) to restructure as an AI-native company.
Wix
Website builder Wix is cutting 20% of staff (around 1,000 roles) due to AI-driven changes and exchange rate impacts.
Webflow
Webflow conducted a round of layoffs described as a "bloodbath," shifting focus to AI. The exact number is unclear but likely larger than its 2024 layoffs (8% of workforce).
ClickUp
ClickUp cut 22% of its workforce to turn toward AI, with CEO Zeb Evans stating the savings will be funneled into remaining employees who "create outsized impact using AI."
Intuit
Intuit is laying off 3,000 employees (17% of its workforce) to focus on infusing AI across its services.
Meta
Meta began cutting 10% of its workforce (8,000 jobs) and closing 6,000 open roles to allow more room for AI spending.
NPR
NPR offered voluntary buyouts to 300 employees in the newsroom, but only 30 will be accepted. If targets aren't met, layoffs will follow.
Amazon
Amazon cut more jobs from its Selling Partner Services organization, affecting a "small number" of employees. This follows previous rounds of 30,000 cuts.
Cisco
Cisco is cutting just under 4,000 jobs in Q4, with CEO Chuck Robbins noting strategic investments in silicon, optics, security, and AI.
LinkedIn is laying off 5% of its staff (875 employees) to reorganize teams, with sources saying it's not AI-related.
General Motors
GM is letting go of 500–600 IT employees to trim costs and bring in staff with skills in other technology areas.
Cloudflare
Cloudflare is cutting more than 1,100 employees due to restructuring driven by AI, aiming to define how a high-growth company operates in the agentic AI era.
PayPal
PayPal plans to cut 20% of its staff (4,800 employees) over the next few years to remove duplication and accelerate AI adoption.
Coinbase
Coinbase is laying off 700 employees (14% of its staff), with CEO Brian Armstrong citing the current market and AI changing the way they work.
April 2026
Microsoft
Microsoft is offering a first-ever buyout to up to 7% of employees through a one-time retirement program for workers with age and years of service totaling 70 or more.
Nike
Nike is laying off 1,400 people, with the majority in technology, to streamline operations.
Amazon (Warehouse Closure)
Amazon is temporarily closing a warehouse in Homestead, Florida, eliminating more than 600 jobs, with employees given the option to relocate.
Redwood Materials
Battery recycling company Redwood Materials laid off 10% of its employees (135 people) to sharpen focus on energy storage.
Snap
Snap is laying off 1,000 workers (16% of its staff) as it leverages AI to streamline operations. CEO Evan Spiegel noted small squads using AI tools are driving meaningful progress.
Disney
Disney is laying off 1,000 employees, with Marvel also cutting 8% of its staff. The move aims to streamline operations and foster a more agile, technologically-enabled workforce.
GoPro
GoPro is eliminating 145 employees as part of a restructuring plan to cut costs.
Vimeo
Vimeo went through its third round of layoffs since being acquired by Bending Spoons, letting go of more than 120 people (25% of its city staff).
Meta (Bay Area)
200 Meta employees in the Bay Area will lose their jobs at the end of May, including 124 in Burlingame and 74 in Sunnyvale.
March 2026
Oracle
Oracle began a big cull of its employee base, with thousands projected to be laid off to stem cash drain related to AI infrastructure spending.
Eidos Montréal
Deux Ex studio Eidos Montréal laid off 124 people, with the studio head departing. The cuts are due to changing project needs.
T-Mobile
T-Mobile cut more workers after January layoffs, with the number potentially in the hundreds, to align its IT organization for future growth.
Meta (Reality Labs)
Meta laid off hundreds of employees (around 700) from Reality Labs, social media, and recruiting teams, shifting away from metaverse creation.
Epic Games
Epic Games laid off more than 1,000 workers due to a downturn in Fortnite engagement, with CEO Tim Sweeney noting the cuts are not AI-related.
Ubisoft
Ubisoft laid off 105 employees from Red Storm Entertainment to cut costs, ending game development at the studio.
Atlassian
Atlassian laid off 1,600 employees (10% of its workforce) to self-fund further investment in AI and enterprise sales.
This wave of layoffs is largely driven by increased spending on AI and a shift toward automation, with many companies restructuring to become leaner and more AI-focused.
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!