Tech layoffs in 2026 have already surpassed last year's total as of 6 August, with 125,759 employees affected across 264 companies, according to Layoffs.fyi data. The latest cuts came from Zillow, TikTok, Etsy and Google, adding hundreds of job losses across the US technology sector during the first week of August.
The news came after a brutal run of workforce reductions throughout the year. Layoffs.fyi recorded 122,606 technology-sector employees losing their jobs across 278 companies during all of 2025.