Tech layoffs 2026 update: Job losses pile up at Netflix, HubSpot, Flock Safety, and others in October
October has brought another wave of layoffs across the tech industry. HubSpot, Netflix, Flock, Airtable, and Amazon have all announced cuts in recent days, affecting thousands of employees. The reasons seem to vary, from AI -focused restructuring and post-acquisition overhauls to coping with public backlash and pandemic-era overhiring. But the overall pattern is still the same: tech companies are…
In October, the tech industry experienced a surge of layoffs affecting major companies such as HubSpot, Netflix, Flock Safety, Airtable, and Amazon. HubSpot announced it would be cutting 7% of its workforce, around 660 employees, to focus on AI-driven customer outcomes. Netflix laid off approximately 1,000 employees, or 6% of its global workforce, as it deals with post-acquisition restructuring and public backlash.
Flock Safety, a surveillance camera brand, reduced its workforce by 18%, around 270 employees, amid backlash against its product and legal actions. Airtable laid off a significant portion of its pre-acquisition workforce following its $1.3 billion purchase by Bending Spoons. Amazon cut fewer than 1,000 jobs across its Stores division, attributing the layoffs to over-hiring during the pandemic.
The pattern of layoffs remains consistent across the tech industry, with companies seeking to reorganize, adjust to AI-focused strategies, and cope with public criticism and pandemic-era overhiring.
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