Tech Layoffs: Tech Industry Reports Over 1,23,000 Job Cuts in 2026 Due to AI, Says Report

The tech sector has shed over 1,23,000 jobs in 2026, a 66% increase from last year, with AI frequently cited as the primary driver for workforce reductions. While companies like Cloudflare and Coinbase have cut staff to integrate AI, industry leaders like Jensen Huang and Sam Altman have questioned the necessity and transparency of these layoffs.