More than 175,000 tech jobs have been cut in 2026 so far, according to TrueUp. In all of 2025, more than 245,000 tech workers lost their jobs.
This is already a faster pace than last year.
Bloomberg reported that Apple is laying off workers in its Intelligent Systems Experience group, which is involved in some of the AI systems used on Apple devices. Bungie announced a significant round of layoffs. Reuters reported that the electric-vehicle maker was trying to improve profitability as competition increased. Business Insider reported that additional layoffs also took place in Washington state and outside the U.S. Reuters reported that CEO Sasan Goodarzi told employees the cuts would help the company focus on adding AI across its services. Amazon also announced another round of layoffs in May. Amazon’s May layoffs followed much larger cuts announced earlier. The Wall Street Journal reported that the company wants to remove layers and duplication from its organization. The Snapchat parent company announced the cuts after investor Irenic Capital Management pushed for changes to improve performance and revenue. The Associated Press reported that the company was looking to streamline operations.
AI is one of the main reasons behind the layoffs, but it is not the only reason. Some companies are also cutting jobs as they shift money toward new technologies and AI. Among the companies mentioned in the report, Oracle has made one of the biggest cuts. Apple has joined the latest round of tech layoffs. Apple is also cutting jobs linked to its AI efforts. Microsoft’s Xbox gaming business took the biggest hit. The Microsoft layoffs came as the company continued to rethink its gaming business. The cuts are part of a broader effort to change the company’s workforce and spending priorities. The cuts are mainly affecting technology and product teams. It is unclear whether Robinhood’s layoffs are directly linked to AI. The company is redirecting resources toward artificial intelligence as it changes its business priorities. Cisco is cutting some roles while continuing to invest in AI-related areas. The company described the move as a restructuring driven by the rise of AI. CEO Brian Armstrong pointed to market conditions and AI-driven changes in how the company works. Amazon planned to temporarily close a warehouse in Homestead, Florida. Snap is using AI to support its smaller workforce. AI is becoming a major reason companies are changing their workforces. Microsoft, Meta, Monday.com, Cloudflare, Groupon, Wix, Intuit and other companies have linked their restructuring or investment plans to AI. Companies such as Disney and GM also pointed to restructuring and changing business needs.
In a financial filing on June 23, Oracle said it had cut about 21,000 jobs over the past year. That is around 13% of its total workforce. Apple laid off at least 60 employees from its Vision Group, the team behind the company’s Vision Pro headset, according to AppleInsider. Microsoft announced another major round of layoffs affecting 4,800 jobs. The cuts represent about 2.1% of the company’s workforce. Xbox chief Asha Sharma said about 3,200 Xbox roles would be eliminated through fiscal year 2027, including 1,600 layoffs announced on July 6. Visa is cutting around 2,600 jobs, or about 7% of its workforce. Lucid announced cuts equal to around 18% of its workforce. Rackspace cut 750 jobs , or about 15% of its workforce. Rivian laid off hundreds of employees, equal to about 2% of its workforce. Robinhood is planning to cut about 10% of its workforce, or around 290 jobs. Salesforce cut at least 86 employees in California. Intuit plans to cut about 3,000 jobs, or 17% of its workforce. Meta officially began cutting around 8,000 jobs, or 10% of its workforce. The company also planned to eliminate 6,000 open positions. The company had already eliminated roughly 30,000 jobs in rounds announced in October and January. Cisco plans to cut just under 4,000 jobs in the fourth quarter. Cloudflare is cutting more than 1,100 employees. PayPal plans to cut nearly 4,800 jobs , or about 20% of its workforce, over the next few years. Coinbase is cutting 700 jobs, or about 14% of its workforce. Newsweek reported that the closure would eliminate more than 600 jobs. Snap announced 1,000 layoffs, equal to 16% of its workforce. Disney announced 1,000 layoffs just two months after Josh D’Amaro became CEO. Marvel also cut 8% of its workforce. Meta also cut 200 workers in the Bay Area. Meta cut around 700 employees in March. The New York Times reported that the affected workers came from Reality Labs, social media and recruiting teams Epic Games laid off more than 1,000 employees.
Because of lower demand, company restructuring, changing business plans, cost-cutting and weak performance in some areas, companies are also cutting jobs. Because engagement with Fortnite had fallen, cEO Tim Sweeney said the cuts were necessary. Because of AI, but not all layoffs are. Because of AI, etsy said its layoffs were not.
Visa said it wants to become more efficient as its business changes. Sony Interactive Entertainment said the cuts would affect a large part of the Destiny team, some employees working on Marathon and teams supporting Bungie’s operations. The cloud-computing company said the move was linked to a shift in focus toward AI. The trading platform said the move is part of a restructuring effort. CEO Vlad Tenev said the company would use advanced technologies to improve execution. Meta said the workforce cuts would create more room for AI spending. The cuts affected a small number of workers in its Selling Partner Services organization, according to Business Insider. Robbins said the company is increasing its focus on silicon, optics, security and employees’ use of AI. CEO Evan Spiegel said smaller teams were already using AI tools to make progress on important projects. Epic Games said its layoffs were not caused by AI. Sweeney said the company was spending more money than it was making from Fortnite and needed major cuts to remain financially sustainable. Epic Games said weaker interest in Fortnite was one reason for its job cuts. NPR said it had to cut jobs after losing federal funding.
Monday.com is cutting about 630 jobs, or 20% of its workforce. Uber has reportedly cut 10% of its customer service workforce. Bloomberg reported that the company is trying to simplify its organization while making greater use of AI.
The software company is making AI a much more central part of its business. Amazon is cutting jobs in its artificial general intelligence group. The company has not disclosed the number of employees affected.
Amazon said it is narrowing its focus on AI projects that matter most to customers.
The big question for the rest of 2026 is whether job cuts will keep increasing. Companies such as Apple, Microsoft, Amazon, Meta and Oracle are changing the size and structure of their workforces. As more companies invest in AI and new technology, these changes are also starting to show up in the tech industry’s job numbers.
