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.
May 25, 10:01 AM·1m read2 sources
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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.
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