Tech Layoffs Outpace 2025 As Big Companies Shift Spending To AI

U.S. tech layoffs in 2026 have surpassed 2025 levels, reaching over 94,000 by August, driven largely by shifts in spending toward AI and operational restructuring. Major companies like Amazon and Meta led cuts, with AI cited in a growing share of layoffs but not necessarily replacing jobs. Layoffs peaked in May but have slowed in recent months, suggesting a possible easing of the trend.