Tech layoffs 2026: Over 92,000 tech jobs vanished by May 2026, with April seeing the worst layoffs in two years. US tech giants like Meta, Microsoft, and Amazon are cutting staff, citing AI efficiencies and past over-hiring. Despite job cuts, major tech firms are investing heavily in AI, signaling a significant industry shift.
The truth behind the why has little impact on the fact the layoffs have been constant since 2023. Some charts show tech jobs declining since 2019.
People can’t wait around while companies circle-jerk. They will move on, crash into poverty, or retire. People in college will stop learning the theory and mechanics. The labor force will evaporate - just the way it happened in manufacturing.
When hiring begins again, it will be a rude awakening. Those who still can do the work will command even higher wages.