Technology employers have already cut more jobs in 2026 than in the whole of last year, and on the current pace the annual total will land close to 210,000 by 31 December.
Layoffs.fyi, the tracker that has monitored technology job cuts since 2020, recorded 125,759 employees losing their jobs at 264 companies between 1 January and 6 August. It logged 122,606 losses at 278 employers for all of 2025, and 152,922 in 2024. Fewer firms are cutting, but rounds are bigger: an average of 476 people per employer this year against 441 last year.
