CNET: Tech layoffs top 200,000 in 2026 as AI-driven cuts raise question of spread to retail and finance
Key points
- CNET reports more than 200,000 tech job cuts in 2026; per the TrueUp tracker, layoffs are accelerating faster than last year.
- Companies with 1,000+ layoffs or buyouts this year include Microsoft (60,000), Oracle (21,000), Amazon (17,000), Uber (3,300) and Netflix (1,000).
- Meta began cutting 8,000 jobs in May; Canva cut 22% of staff (1,271 people).
CNET reports more than 200,000 tech job cuts in 2026, with layoffs accelerating faster than last year per the TrueUp tracker. Companies with 1,000+ layoffs or buyouts this year include Microsoft (60,000), Oracle (21,000), Amazon (17,000), Uber (3,300) and Netflix (1,000). Meta began cutting 8,000 jobs in May; Canva cut 22% of staff.
Original report: CNET ↗Edited with AI assistance. Facts are based on official sources and original reports.