Tech layoffs in 2026 have already surpassed last year's total

What this means for your job search: Expect a highly competitive market as companies cut staff while sharply increasing AI investments. Emphasize any AI-related skills or how your expertise can contribute to AI initiatives to stand out. Tech layoffs topped 124,000 in the first seven months of 2026, surpassing 2025’s total as major companies cut staff while sharply increasing AI investment. However, evidence suggests that AI’s long-term impact could ultimately drive job creation.