Tech layoffs 2026: Over 200,000 jobs cut, led by Oracle's 21,000

More than 200,000 tech workers lost their jobs in 2026 through early November, already approaching the 245,000 layoffs TrueUp recorded across the entire industry in 2025. The U.S. sits at the center of the cuts, and Oracle has done the most damage: a June 23 financial disclosure showed the software giant eliminated 21,000 jobs over the past year, roughly 13% of its workforce.

"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said in the filing. It cut again in September, notifying employees by early-morning email on Monday, September 14 that it was their last working day, reportedly to offset spending on AI chips and data centers.

What does the data mean for individual workers?

The cuts cluster in specific functions: engineering, product, HR, legal and customer service. Netflix is laying off about 1,000 people, 6% of its global workforce, mostly in product, tech, legal and human resources — its biggest round since 2022. Uber's 3,300-job restructuring (10% of staff) targets layers, not lines of business: it will cut employees sitting 7+ layers from the CEO by 20% and reduce "micro-teams" by almost 50%.

June alone saw 14,000 cuts at Lucid, Bungie, Robinhood and others. Microsoft's July round eliminated 4,800 jobs, 3,200 of them in Xbox through fiscal 2027. Governments and employees are pushing back. California Governor Gavin Newsom unveiled a tool in June to track AI's impact on the workforce. More than 4,500 Google workers signed a petition demanding buyouts before mandatory layoffs and guaranteed severance.

Which companies cut, and how deeply?

November: Squarespace is cutting 19% of staff, about 300 people, as "vibe-coding" AI website builders disrupt its market. Canva is eliminating 22% — just over 1,200 employees — while merging product, growth and platform teams. Disney is reportedly planning thousands of layoffs to cut annual costs by 20%.

October: Amazon cut "fewer than 1,000" white-collar workers in its stores division across the U.S., India and the UK, plus about 250 in devices and services, mostly software developers. Dropbox is cutting 9% (~200 jobs); CTO Ali Dasdan is stepping down. Microsoft is offering voluntary buyouts to 60,000 employees across Xbox, Windows, Copilot and finance. eBay is cutting 9% after 800 jobs in February. EA is eliminating 400 jobs (3%), shutting BioWare and cancelling the next Mass Effect, part of a plan to save upwards of $700 million. Airtable laid off "a large part" of its team on October 12; owner Bending Spoons' Federico Simionato said the move reflects a "deep belief that small teams ship more and better." Workday is trimming about 140 Bay Area jobs within a 2.5% global reduction.

September: Xbox eliminated 268 roles after 1,600 in July, with another 1,600 flagged. Apple cut Fitness+ audio staff and, per Bloomberg, over 200 people across its Vision Group and Intelligent Systems Experience teams as incoming CEO John Ternus reportedly puts the $3,699 Vision Pro category "on ice." TikTok is laying off 250 people and closing its Nashville office. Zillow is cutting just over 500; Etsy cut 220 (12%), with its CEO saying AI was not the driver.

July: Visa is cutting 2,600 jobs (7%), with CEO Ryan McInerney writing that "AI is also helping to accelerate this evolution." Monday.com is cutting 20% (~630) as it pivots to AI. Patreon cut 93 (20%), insisting "we are not making the above changes because we believe AI replaces humans." Uber reportedly cut 10% of customer service to "embrace artificial intelligence." Samsung is eliminating 179 jobs as it moves its New Jersey headquarters to Texas, with 739 New Jersey roles affected in some way.

May–June: Meta began cutting 10% (~8,000 employees) plus 6,000 open roles to fund AI. Intuit plans 3,000 cuts (17%); LinkedIn 875 (5%); PayPal nearly 4,800 (20%) over several years, with CEO Enrique Lores promising to "accelerate our AI adoption." Coinbase cut 700 (14%); Cloudflare over 1,100; Cisco just under 4,000; Snap 1,000 (16%); GM 500–600 in IT; Wix ~1,000 (20%); Groupon 400 (25%); Rackspace 750 (15%); Rivian ~2%; Lucid 18%, including COO Marc Winterhoff's exit; Robinhood 10% (~290).

March–April: Atlassian cut ~1,600 (10%) to "self-fund further investment in AI." Epic Games cut 1,000+ after a "downturn in Fortnite engagement." Meta cut ~700 from Reality Labs, social media and recruiting as it retreats from the metaverse. Microsoft offered its first-ever buyout to up to 7% of employees. Disney cut 1,000 under new CEO Josh D'Amaro, with Marvel shedding 8%.

What does this change for job seekers?

The pattern is consistent: companies are trading headcount in support functions for AI infrastructure spending, and flattening structures while concentrating pay among AI-fluent staff — ClickUp even introduced million-dollar salary bands for employees who "create outsized impact using AI." With weeks left in the year and Disney's reported cuts still unconfirmed, TrueUp's faster 2026 pace suggests the totals, and the restructuring logic behind them, will carry into 2027.