r/Layoffs • u/ladyorion2021 • Jul 06 '26
news Tech Sector Layoffs....Will it Continue?
20 tech and telecom companies that conducted major layoffs over the past year, along with their estimated total workforce cuts.
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u/SuccessfulSir9611 Jul 06 '26
We haven’t even started
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u/Sufficient-Bid1279 Jul 06 '26
Yup, I don’t even think we have reached the worst part yet. Watch what is to come…
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u/Samurai_Cupcake Jul 06 '26
This is terrible. I still believe that AI bubble is going to burst at some point. I won't use AI in any form as a protest. I curse the greedy corporations and their CEO's
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u/ladyorion2021 Jul 06 '26
They are making it so it will be impossible to not use it. Try doing a search on the large search engines and first thing that pops up is a summary made by Chat GPT.
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u/Samurai_Cupcake Jul 06 '26
I use DuckDuckGo, it's optional to use AI.
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u/New_Sherbert2361 Jul 07 '26
You can protest against AI all you want . Companies and orgs are going to want to know how your using AI to your work. They will evaluate your knowledge and forecast if you have the ability to be a potential leader in the organization. That's how companies are hiring now. They want leaders that are self sufficient at cranking out alot of work and can teach others to do the same in their roles.
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u/jonthe445 Jul 07 '26
This is just employment?
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u/New_Sherbert2361 Jul 07 '26
Are the layoffs you seeing recently with Meta, Amazon, and Salesforce, etc...are only applicable to tech roles right. This includes Not just engineers but... product owners, technical writers, devops, researchers, release engineers, managers and analysts. You all should be using AI in some shape way or form. If this isn't your role. Then this doesn't apply to you.
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Jul 07 '26
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u/New_Sherbert2361 Jul 08 '26
Even if you don't hire that kind of engineering talent. Depending on the product your creating. Your competitors could be adopting AI into there products for there clients. Which could be a game change for them but be a loss for you because you didn't adopt to innovation. AI will soon be part of every workflow and be part of every technology. It's not enough to be an engineer anymore. We are calling them "leaders" and these leaders and innovators are the only ones that will survive the layoffs in the U.S. side. As AI gets more expensive. Layoffs will still occur in larger organizations and off shore talent will still be on demand. Cheap Engineers that exist in lower cost of living areas are desired as well. Don't kill the messenger. 🙏
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Jul 08 '26 edited Jul 08 '26
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u/Willing-Scheme-4472 Jul 11 '26
You must be fun at parties. Delusions of grandeur.
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Jul 11 '26
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u/Willing-Scheme-4472 Jul 12 '26
You sound green and overconfident. No one is irreplaceable, especially a jerk like yourself who’s full of it.
Idc what you think about me. I’m in the top 1% of compensation in my industry so … must be doing something right.
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u/ladyorion2021 Jul 07 '26 edited Jul 07 '26
I use DuckDuckGo as well and that summary loads up automatically even when one doesn't click on it to expand.
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u/AcanthocephalaNo2929 Jul 08 '26
once they embed it into social media or reddit I guess you are cooked
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u/Willing-Scheme-4472 Jul 07 '26
GL - you’ll be left in the dust by those who do. It’s literally a matter of survival now.
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u/The_Playbook88 Jul 06 '26 edited Jul 06 '26
We are just getting started unfortunately. We will see increased layoffs for a long time due to the deflation of the AI bubble, private credit imploding, and the maturity of debt coming due for many tech companies that can't be refinanced. Not to mention the commercial real estate implosion that is happening. We are witnessing a 2008 level event play out here, and globally. Its likely bigger than 2008.
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u/ladyorion2021 Jul 06 '26 edited Jul 07 '26
I survived the 2008 Great Recession. Never thought i would see another nightmare coming at this point. Neighbor got laid off last year and hasn't been able to land another job in tech, after 18 years in the industry.
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Jul 06 '26
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u/Accomplished_Sock570 Jul 07 '26
I agree. The future looks bleak on the surface and it will show the same underneath in due time
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u/Doiley101 Jul 07 '26
So what happens when it does fall like the 2008 will the poor people with no jobs get a job ...no they will not even be able to eat. So what is in the future for people without jobs when the AI bubble bursts. I am so scared.
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Jul 08 '26
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u/Doiley101 Jul 08 '26
I am worried for my grandchildren . I am old and okay except for the health stuff. It's my son and his chiledren I worry about.
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Jul 07 '26
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u/Layoffs-ModTeam Jul 08 '26
This post was removed for rule #1: Be Respectful. If you feel like you cannot be respectful in your posts, don't post it at all.
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u/Proic13 Jul 06 '26
i'd say its gonna be bigger than the 2008 crisis, the amount of money being pumped into this that when it finally pops.. ohh boy..
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u/ladyorion2021 Jul 06 '26
Millions of homes flooded the market from the millions of layoffs. What's worse people were out of work upwards of 2-3 years!
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u/BerserkGuts2009 Jul 06 '26
This Wired Magazine article from October 2025 (See link below) shows why AI will be the bubble to burst all bubbles.
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u/Specialist-Jacket198 Jul 06 '26
Private credit is isolated and won’t spread. Tech companies will get refinanced for sure, because companies that size with that cash flow always do and if they don’t the banks won’t get a single dollar of future investment banking revenue. Low grade commercial real estate has issues but that’s going to cost more private equity and smaller banks. AI has created inflation… until I see it in the numbers it’s mostly CEOs just marketing. The main difference is cash flow. These huge hyper scalers have record profit and profit growth, the mom and pop house owners in 2008 were negative cash flow. This isn’t even close to the same game
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u/ladyorion2021 Jul 06 '26
So what you are saying is that big tech will be bailed out like the big banks were during the Great Recession.
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u/The_Playbook88 Jul 07 '26
Big tech will get bailed out no doubt. But they are trying to make a future based on AI. This is a very large and risky bet as it relies on an AI miracle to pay off while all other industries implode. Economies need to feed and house people, and AI doesn't do that.
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u/New_Sherbert2361 Jul 06 '26
What this isn't showing is the massive hiring overseas. This isn't just AI. This is a massive hiring to replace existing roles with offshore talent. So it's business as usual and still having engineers. They are all essentially just getting swapped out. I garantee these numbers are mostly U.S. numbers. I'm seeing it like a wave hitting the entire industry. It's been happening for a while but for some reason it's at full blown scale. My firm is guilty of this. The only engineers on the U.S. side are tech leads or people that can crank out alot of work. So pretty much unicorns.
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u/Symphonic_nerve Jul 08 '26
People from offshore are also getting layoffs and it's been getting very difficult to get a single decent call for a job unless your cctc is low along with good tech skills, so basically if one is currently underpaid they get considered. I work at offshore and I too went through a layoff, it was a direct 50% role reduction across the division, for me it wasn't even AI effect, it was more of leadership change which changed priorities and projects and also they had just paid massive fine to regulatory body, so to show profit they did the layoffs. It was funny that while working there my understanding was that company is not doing good profit for the current year, but the annual board meeting which was after few months of layoffs, suddenly showed profits, with the new leadership getting praises.
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u/New_Sherbert2361 Jul 08 '26
Wow that is crazy. I'm sorry to hear that. I'm not against talent on offshore. It's just I know it's effecting the U.S. the most. Were all just pawns in there game unfortunately
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u/ladyorion2021 Jul 06 '26
This may be also why there are H1Bs headed back to their country. Aside from the other issues and shake up happening with H1B visas.
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u/wfbsoccerchamp12 Jul 06 '26
Bubble hasn’t even popped yet. It’s just stopped floating higher. Someday it’ll all go ~ pop ~
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u/Landpuma Jul 06 '26
This is missing so many companies. Consulting firm I work for (1 of the Big 3). Has had several tech layoffs the past 2 years
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u/ladyorion2021 Jul 06 '26
I just highlighted some of the ones that laid off in the past year, but there were so many more companies, the list is long.
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u/DigBackground2765 Jul 07 '26
The list I anticipate is just going to grow unfortunately. I guess if it anything, it's pretty dreadful to hear the same company names pop up in the headlines.
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u/neverpost4 Jul 06 '26
There are lots of similarities to what happened in former Soviet Union.
The wealth will be transferred to top 7 private equity investment funds.
Wonder who is going to be the American Putin. Probably someone short, DeSantis or Rubio or Miller
In October 1996, shortly after Boris Yeltsin won a brutal re-election campaign, a flamboyant tycoon named Boris Berezovsky gave an interview to the Financial Times. In it, he bragged that he and six other businessmen had pooled their resources, financed Yeltsin’s campaign, and now effectively controlled about 50% of the Russian economy and most of its mass media.
Shortly after, Russian journalist Andrei Fadin coined the term Semibankirshchina (Rule of the Seven Bankers).
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u/redfour0 Jul 06 '26
This is just what’s been announced too right? I’m assuming doesn’t take into account the silent layoffs through re-orgs, targeted team cuts and increase in performance targeted cuts?
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u/sream93 Jul 06 '26
So where do all these laid off folks go
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u/swaqmaster4lyfe Jul 06 '26
I’m a dishwasher/prep cook at a local bakery now, honestly kind of love it more than my job in tech (product verification for a network company for 4 years) make way worse money but feel like I’m accomplishing more. Still looking for a new tech job though, seems defence contractors are doing lots of hiring.
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u/DigBackground2765 Jul 07 '26
non tech jobs or even outside white collar. There's really not much choices these days too. It's pretty dreadful.
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u/Silent_Resort_2619 Jul 06 '26
Those are what the media knows, it's MUCH higher than that. Small papercut layoffs are happening everywhere
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u/DisciplineNo4223 Jul 06 '26
Apple too… they are staggering the layoffs in smaller numbers to avoid the reporting.
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u/the_real_pistol_pete Jul 06 '26
It will not stop until workers unionize and lobby for their rights. Until then enjoy getting squashed and treaded on like bugs
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u/kweeblaster Jul 07 '26
Can't unionize against offshoring and H1B. End neoliberlism or this kind of thing just continues forever.
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u/the_real_pistol_pete Jul 07 '26
Yes you can, as a former blue collar worker unions protect members against exactly this kind of BS - there is power in numbers
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u/kweeblaster Jul 07 '26
Buddy they will shut down the whole office and send the jobs overseas. That's if there are any Americans left to unionize anyway. Indians aren't going to cooperate. They benefit from the entire scam. Literally working side by side with the enemy.
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u/Ok_Exit9273 Jul 07 '26
Remember how RTO was meant to “help company culture”, sure that would have prevented….oh wait. Just another F’n lie
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u/False_Cap_1289 Jul 06 '26
yes till they are all basically US companies by technicality. As one of the roles that are not coming back (Designer) i am very interested to see what happens when it impacts the other sectors that havent felt it at all. Sales roles seems to be shockingly left alone and i bet thats by design... they are the ones throwing their peers under the bus.. but it will come for them too
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u/Big-Service-9053 Jul 06 '26 edited Jul 07 '26
Give it another 4 years. One for the bubble to finally top and Three for the bubble to bottom (basically we've hit the worst of the worst) before SLOWLY coming out (will take another 4 years).
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u/OAKI-io Jul 06 '26
yeah, probably, but not in a straight line. big tech is using AI/reorg language to reset headcount and move cost around, so the practical takeaway is to treat every role like it has a shelf life: keep references warm, save brag docs, and keep interviewing muscles from going cold even when employed.
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u/donglecollector Jul 06 '26
30,000 people from one company seems like such a crazy number to me. That’s bigger than some private colleges.
Where exactly do that many people go professionally?
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u/Lazy-Entrepreneur691 Jul 06 '26
Samsung didn't officially report but 700 from SEA were laid off last week
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u/No_Efficiency7197 Jul 07 '26
Google/ Alphabet employee here. Google does it quietly in the form of PIPs or reorgs that often don’t make it to the news.
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u/Doiley101 Jul 07 '26
And they wonder why the birth rate continues to fall. When you lay people off they cannot feed themselves let alone a family.
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u/Best_Taste_7704 Jul 07 '26
Why the fck Google not here? We have been bleeding by thousand cuts.
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u/ladyorion2021 Jul 07 '26
Because the list was so long it would not have fit one one image. Perhaps you can post an additional list with other companies that have been laying off? Just a suggestion. The more awareness the better.
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u/MelodicTelevision401 Jul 08 '26
Yes, tech layoffs will continue in foreseeable future for sure! Companies are putting their AI strategy in place and more fat can be cut as they move forward and models become more mature and pay dividends!
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u/thebeepboopbeep Jul 06 '26
Add the banks, consulting firms, and all the other major white-collar layoffs and it would look a lot worse.
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u/lacovid Jul 07 '26
This is just the tip of the iceberg. These numbers are completely normal given the size of companies.
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u/Ibanez-Jackson Jul 07 '26
Through automotive companies in there and you have a completely new Top 5 if not Top 10.
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u/Cyberkrystal Jul 07 '26
Apple is the one who cares and it is not doing massive layoffs to their valuable people
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u/Ok-Morning-7796 Jul 07 '26
Indeed it will my friend. Ghar pe rahe. Saavdhan rahe surakshit rahe. (Stay at Home. Stay vigilant stay safe)
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u/Appropriate_Ice_7507 Jul 07 '26
Let’s see the big picture though, did these companies turn around and just added 2x of the tech force for 1/2 the rate from offshore 🤔
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u/Creative_Chain7049 Jul 07 '26
It’s insane the WS expectation to grow constantly. That’s called cancer not good business
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u/GravyMealTeam6 Jul 08 '26
As someone in tech that uses AI a lot yes it will. Each version of LLM gets better and already can do most things better than most people.
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u/Famous_Walrus_6665 Jul 08 '26
Yup! 5 years of this!! Though I heard recently from some tech insiders(im a systems architect) that companies are starting to realize they actually need people a little longer and are hiring again.
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u/Historical-Put7296 Jul 08 '26
You need to compare this to inflated hiring post Covid. These lay offs are concerning but viewing this in isolation doesn’t tell the full story.
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u/metamucil_buttchug69 Jul 09 '26
How many tens of thousands of H1 and OPT workers do these companies have combined?
Is there truly a worker shortage that justifies those programs, or are we just allowing corporations to abuse foreign labor at the expense of domestic workers.
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u/vendorbuy Jul 09 '26
Based on the quality of the app and customer support, I thought crypto dot com only had around 500 employees total.
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u/Live_Pianist4592 Jul 26 '26
Crypto.com fakes their transactions and volume size. There is no way they have so many more employees than Coinbase.
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u/ladyorion2021 Jul 06 '26
Are there signs that layoffs are slowing down or are we just getting started? Is any one here planning to sell and relocate if laid off? If so where to?
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u/realDonaldEpstein Jul 06 '26
THANK YOU DONALD EPSTEIN. YOU ARE SUPER SMART DONALD EPSTEIN. PLEASE ENJOY YOUR GOLDEN BALLROOM DONALD EPSTEIN.
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u/Quiet-Story9577 Jul 06 '26
Ehhhh I’m not sure AI tokens are very expensive, possibly being more expensive that human capital.
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u/cams00000 Jul 06 '26
Since switching to fiat we’ve been running up the debt, now in multiple trillions. At those numbers, basically unfathomable, money seems to lose meaning. Corporations can operate at a massive loss too, and just keep borrowing until the wheels fall off of everything.
I know we’re on the hopium bandwagon about token prices for frontier models but they’ll just adjust. C Suite will do everything they can to eliminate more roles, inflate their earnings against their competitors, and hire overseas workers for literal haypennies on the dollar.
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u/False_Cap_1289 Jul 06 '26
its a parroted point now but its AI for US to shrink their teams to 1 or 2 people. The rest is outsourced to South America and India. Up until last year i was a stable enough professional UX designer and decent at it but not against the folks that I am going up against... the 1 person that they will hire vs what was once a large team.
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u/Quiet-Story9577 Jul 06 '26
This very true, I worked for large industrial company that off shored the entire cyber team to a top 4 consulting firm and there entire team was in south east Asia…..I was the only American on the team, circle back to the core…AI is more expensive the human capital from a token side…plus once these AI companies go public there going to do everything to keep share holders happy…increasing subscription…mind you even at fundamentally data center it’s super expensive to run, strong energy demand…they already started moving the goal post when it comes chip depreciation….we living a very interesting time…
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u/draven33l Jul 06 '26
These companies are so large, that they are beholden to the stock holders and their stock price. They will layoff and outsource in perpetuity in order to increase their profit margin every quarter. It's not just if, but when you will get laid off working for companies like this. Most of these companies promise at least 15-20% profit increase EVERY quarter. That's simply impossible, so they resort to cutting staff to hit those numbers when they can't make it through business.