Over 175,000 tech jobs cut in 2026: Apple, Microsoft, Amazon, Oracle and more join layoff wave

In 2026, over 175,000 tech jobs have been cut, according to TrueUp, marking a faster pace than the previous year's 245,000 tech worker layoffs. AI is a primary driver of these layoffs, alongside lower demand, restructuring, cost-cutting, and weak performance in certain areas. Companies are shifting funds towards new technologies and AI.

Among the affected firms, Oracle made one of the largest cuts, shedding about 21,000 jobs in the past year, or 13% of its workforce. Apple joined the layoff wave, eliminating at least 60 employees from its Vision Group, responsible for the Vision Pro headset. Apple is also reducing positions linked to its AI initiatives.

Microsoft announced a significant round of layoffs, impacting 4,800 workers, or 2.1% of its total staff. The Xbox gaming division bore the brunt of the cuts, with 3,200 roles set to disappear through fiscal year 2027. Visa is reducing its workforce by 2,600 employees, or 7%, as it seeks efficiency amid changing business dynamics. Meanwhile, Monday.com is slashing 630 jobs, representing 20% of its workforce, and reorienting towards AI.

Uber has reportedly reduced its customer service team by 10%, while Amazon is cutting jobs in its artificial general intelligence group, without specifying the exact number impacted. The e-commerce giant aims to refine its focus on AI projects that hold the most value for customers.

Other companies, such as Bungie, Sony Interactive Entertainment, Lucid, Rackspace, and Rivian, have also announced workforce reductions to improve profitability and enhance AI capabilities. Robinhood plans to cut around 10% of its staff, or 290 jobs, as part of a broader restructuring effort. Salesforce laid off at least 86 employees in California, with additional layoffs reported in Washington state and abroad.

Intuit intends to cut about 3,000 positions, or 17% of its workforce, to bolster AI integration across its services. Meta disclosed plans to lay off roughly 8,000 workers, or 10% of its staff, to redirect resources towards AI. The company also announced the elimination of 6,000 open positions. Amazon further announced layoffs in its Selling Partner Services organization, following larger cuts in October and January.

Cisco plans to eliminate nearly 4,000 jobs in Q4, focusing on AI-related areas such as silicon, optics, security, and employee AI utilization. Cloudflare is cutting over 1,100 employees, describing the move as a restructuring effort driven by AI advancements. PayPal intends to reduce its workforce by nearly 4,800 jobs, or 20%, over the coming years to streamline its operations.

Snap, the parent company of Snapchat, announced 1,000 layoffs, constituting 16% of its workforce, following investor Irenic Capital Management's push for improved performance and revenue. Disney cut 1,000 positions just months after CEO Josh D'Amaro took office, as the company seeks to streamline operations. Meta also laid off around 700 employees in March, emphasizing AI-driven changes in its workforce structure.

Disney's workforce reduction follows the company's CEO change in February, as it aims to reorganize and optimize its operations. Meta's March 700 layoffs, primarily affecting its smaller workforce, reflect the company's commitment to leveraging AI tools to bolster its projects.