finance

Tech Firms Cut More Than 85,000 Jobs So Far in 2026

Technology companies have eliminated over 85,000 positions this year, a 33 percent increase from the same period last year. The figures come from outplacement firm Challenger, Gray & Christmas.

2 sources·May 25, 2:01 PM(4 days ago)·1m read

Tech Firms Cut More Than 85,000 Jobs So Far in 2026

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Technology companies have eliminated more than 85,000 jobs so far in 2026. The total marks a 33 percent increase compared with the same stretch of 2025, according to data released by placement firm Challenger, Gray & Christmas.

The firm tracks announced layoffs across the sector and compiles monthly reports. Its latest tally covers reductions disclosed through late May.

Last year the same period produced roughly 64,000 technology job cuts. The current pace therefore exceeds the prior year by more than 21,000 positions. Challenger, Gray & Christmas said the increase reflects continued restructuring at several large employers.

Key Facts

85,000 jobs

eliminated by tech firms in 2026 so far

33 percent

increase from the same period last year

technology employment labor

Story Timeline

2 events

2026 YTD
Technology companies cut more than 85,000 jobs.
2 sources@unusual_whales · @FirstSquawk
2025 YTD
Technology companies cut roughly 64,000 jobs in the comparable period.
2 sources@unusual_whales · @FirstSquawk

Transparency Panel

Sources cross-referenced2

Confidence score70%

Synthesized bySubstrate AI

Word count102 words

PublishedMay 25, 2026, 2:01 PM

Original Sources

@unusual_whalesMore than 85,000 technology sector jobs have been eliminated, a 33% increase from the same period...@FirstSquawkTECH COMPANIES HAVE CUT OVER 85,000 JOBS THIS YEAR, UP 33% COMPARED TO LAST YEAR, ACCORDING TO JO...

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