Tech companies have laid off 128,536 employees across 299 firms since the beginning of 2026, surpassing the total of 122,606 job cuts recorded by 278 companies throughout the previous year. In the first ten days of September alone, the sector reduced its workforce by more than 6,000 people.
Oracle leads the list with 21,000 layoffs, aiming to save between $8 billion and $10 billion annually by prioritizing data center construction over personnel costs. Other major contributors to the total include Amazon with 17,267 cuts, Dell with 11,000, Meta with 10,400, Microsoft with 4,800, and PayPal with 4,760.
Uber announced a reduction of 3,300 staff members in early September, representing 10 percent of its total workforce. PayPal plans to save $400 million by the end of the year through its optimization efforts, with total savings expected to reach $1.5 billion over the next two to three years.
Apple reduced its staff by 200 employees in August, primarily impacting teams working on the Vision Pro headset and Siri. Experts note that AI adoption accounts for only 25 to 33 percent of current industry layoffs, while other factors include post-pandemic workforce corrections.
