Technology companies have laid off 139,004 employees across 345 businesses so far in 2026, according to figures compiled by job-cut tracker Layoffs.fyi. That exceeds the 122,606 layoffs the tracker recorded for 2025.

The reductions reflect several pressures. Companies are reorganizing to use artificial intelligence and automation to improve efficiency and lower costs, while economic uncertainty, inflation, higher interest rates, a chip shortage and rising energy costs are also prompting spending cuts. Some companies have announced layoffs despite reporting strong financial results.

Among the largest reported cuts this year, Amazon confirmed 16,000 job losses in January. Microsoft announced 4,800 cuts in July, while Meta planned to eliminate 8,000 roles in May. Canva said in November it would cut 1,271 jobs, or 22% of its staff, as it combined teams and removed layers of management.

Other companies have linked workforce changes directly to restructuring around AI. Monday.com said in July it would cut 620 jobs, representing 20% of its workforce, to build a flatter organization focused on AI agents and autonomous teams. Cloudflare announced plans in May to eliminate 1,100 roles, about one-fifth of its global workforce, as it shifted toward what it described as the agentic AI era. Atlassian said in March it would cut around 1,600 jobs and redirect investment toward AI development and enterprise sales.

Oracle carried out two rounds of cuts. In March, it began a reduction that could reach 30,000 jobs globally; CNBC later reported a final tally of 21,000. In September, the company started another round and disclosed an additional $700 million in restructuring charges, bringing its expected charges for the year to roughly $2.8 billion.

The timeline also includes Cisco, which said in May it would eliminate nearly 4,000 positions despite reporting record third-quarter revenue of $15.8 billion, up 12% year over year. In May, research by Challenger, Gray & Christmas attributed 40% of that month’s technology job cuts to AI, compared with 7% in January.

Sources: Computerworld.