Tech sector cuts over 5,000 jobs in October as Netflix, eBay and HubSpot lay off staff
Key points
- More than 5,000 tech jobs cut in October (Ticker News)
- Netflix about 1,000 (about 6%), eBay about 1,100 (9%), HubSpot about 660 (7%)
- Amazon roughly 1,000 in Stores plus 250 in devices and services; AI cited in 33% of 2026 tech layoff events
Ticker News reports that more than 5,000 tech jobs were cut in October. Netflix announced layoffs on October 14 affecting nearly 1,000 staff, about 6% of its workforce. eBay cut about 1,100 jobs, or 9%. Amazon eliminated roughly 1,000 roles in its Stores division and another 250 in devices and services. HubSpot cut about 660 jobs, or 7%. The report says AI was cited in 33% of 2026 tech layoff events.
Original report: Ticker News ↗Edited with AI assistance. Facts are based on official sources and original reports.