This tracker follows significant layoffs in the tech and IT industry and the economic, technological and geopolitical factors influencing those layoffs.
In 2025, layoffs shifted from correcting for over hiring during the COVID-19 pandemic to adjusting for macroeconomic pressures and increased AI adoption. Globally, nearly 245,000 tech jobs were cut in 2025, with about 70% of those layoffs stemming from U.S.-headquartered companies. In addition, AI was the cause of nearly 55,000 layoffs in the U.S. in 2025.
On the heels of major headcount reductions by large tech companies including Intel, Microsoft, Amazon and Salesforce in 2025, Meta kicked off 2026 layoffs with a reduction of about 1,500 employees from its Reality Labs division. While Meta says its goal is to redirect investments toward AI research and development, AI is also expected to be a significant cause of layoffs this year. In 2026, 55% of 1,000 U.S. hiring managers surveyed by Resume.org said they expect layoffs, and 44% anticipate that AI will be a top driver of layoffs.
Related:Tech company layoffs: The post-pandemic correction meets AI realignment
AI isn't the only concern when it comes to headcount reduction. The 2025 job market was shaken by President Donald Trump's fluctuating tariff policies, a reduction of a quarter million jobs within the U.S. government and a declining base of workers due to immigration policy. It's also a challenging time for entry-level workers, as the unemployment rate has risen more for younger workers than for older employees.
InformationWeek will continue to monitor major tech layoffs — and the factors contributing to them — in this tracker, which will be updated regularly. Be sure to check back.
Here's a look at the biggest tech layoffs so far:
ClickUp founder and CEO Zeb Evans announced on X that the company has reduced its workforce by 22%. In the statement, he denied that the shift was an attempt to cut costs for the project management and productivity software company. ClickUp reportedly had 1,300 to 1,500 employees prior to the announcement; it is therefore estimated that more than 285 individuals have been affected by the layoff.
Evans said the company is "restructuring around what I call 100x org. The goal is 100x output. The roles required to build at the highest level are fundamentally different than they were a year ago."
In addition to the organizational change, Evans introduced "million-dollar salary bands" for remaining employees. "If you create outsized impact using AI, you'll be paid outside of traditional bands," he wrote.
ClickUp announced in September 2025 that it had surpassed $300 million in annual recurring revenue, with more than 20 million users worldwide.
Intuit announced a 17% workforce reduction, which the business software company positioned as a structural reorganization. An estimated 3,000 employees were affected.
"None of it had to do with AI," CEO Sasan Goodarzi told CNBC. "Everything was about how do we become more effective."
According to the memo posted on Intuit's website, the cuts are meant to streamline management layers, help employees "focus on mission-critical work" and reduce redundancy now that its TurboTax and Credit Karma properties have integrated. The company will also restructure its physical office plans around "strategic hubs" and reallocate investments in "certain areas, including Mailchimp."
According to its website, Intuit closed fiscal year 2025 with approximately 18,200 employees. It reported revenue of $4.65 billion for its fiscal second quarter ended Jan. 31, a 17% increase.
Cisco is reducing its headcount by about 4,000 employees, according to TechCrunch.
Still, the company reported record revenue of $15.8 billion in its fiscal third quarter, a 12% increase year-over-year: "These results are even more impressive, given the complex environment we're operating in — a rapidly changing market, with intensifying competition, and a global shortage of components critical to support our portfolio and the AI buildout from our customers," said CEO Chuck Robbins in a blog post.
He added that amid the layoffs, Cisco is prioritizing investment in "silicon, optics, security and in our employees' use of AI across the company."
Robbins was expected to bring in compensation of $52 million in 2025, reported TechCrunch.
Professional networking company LinkedIn, which is owned by Microsoft, is laying off 5% of its workforce, according to Reuters. The company has nearly 17,500 full-time employees. Sources told the outlet the layoffs were not a result of AI replacing workers.
Still, LinkedIn had a solid third quarter, reporting revenue growth of 12% year-over-year.
In a memo to employees, CEO Daniel Shapero said the layoffs will affect roles within engineering, product and marketing teams, according to Bloomberg.
Cryptocurrency company Coinbase plans on reducing its headcount by 700 employees, according to Yahoo Finance. The company is moving forward with layoffs to adjust its operating expenses due to the challenging economic climate and to increase its AI investments.
CEO Brian Armstrong said in a post to X (Twitter) that the company has "diversified revenue streams, and is well-positioned to weather any storm," but added that this business is "volatile from quarter to quarter" and Coinbase needs to adjust its cost structure to address the current down market. In addition, Armstrong said that AI has automated many workflows and supports smaller teams.
Coinbase will also make reductions to its management team in favor of "AI-Native pods": "We'll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We'll also be experimenting with reduced pod sizes, including 'one person teams' with engineers, designers, and product managers all in one role," Armstrong said.
Meta plans to lay off 8,000 employees on May 20, with additional layoffs to follow in the second half of 2026, sources told Reuters. The company is projected to lay off nearly 20% of its employees, but the date for those reductions has not been set.
In January, Meta laid off 10% or about 1,500 employees in its Reality Labs division, which had 15,000 employees at the time, focused on metaverse development. CEO Mark Zuckerberg has been restructuring the company to invest more heavily in AI, including a recent $21 billion commitment to AI cloud provider CoreWeave, according to CNBC.
Snap, parent company of social media platform Snapchat, is reducing its headcount by 1,000 jobs, according to Business Insider. CEO Evan Spiegel said in a memo to employees that advancements in AI are reducing "repetitive work" and improving the company's ability to support its "community, partners, and advertisers." Snap is also closing more than 300 open roles. The company recently told investors that the layoffs would bring about $500 million in estimated annualized cost savings by the second half of 2026, and that Snap plans to restructure its business model to increase use of AI agents.
During the company's fourth-quarter 2025 earnings call, Spiegel estimated that nearly "40% of new code at Snap is AI-generated," adding that the company is "running as fast as we can to roll out new agents across the enterprise."
In February, Snap reported revenue of $1.7 billion in the fourth quarter of 2025, up 10% year-over-year. The company's board of directors also authorized a stock repurchase program of up to $500 million of its Class A common stock to "offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program."
Raleigh, N.C.-based tech startup Pendo, with a valuation of more than $1 billion, has laid off 90 of its 850 employees, according to Axios. This follows a layoff of 12% of its employees in 2023. The company said the layoffs were part of a restructuring and operational changes in light of Pendo's investment in AI. Pendo is a software company providing a product experience platform with application analytics.
Oracle has laid off at least 10,000 of its 162,000 employees, according to the BBC. The tech giant is expected to lay off as many as 30,000 total employees this year. The company posted strong third-quarter earnings but is reallocating resources to invest more in data centers.
After the initial layoffs, Oracle announced the hiring of a new CFO, Hilary Maxson, who will receive an annual salary of $950,000 in addition to an annual performance-based bonus with a target of $2.5 million. She will also receive an equity grant valued at $26 million.
"Hilary Maxson stepping in as CFO of Oracle Corporation signals a clear message: disciplined financial leadership matters more than ever in the age of AI and cloud scale," posted Stephen Horn, global vice president of customer success at Oracle, on LinkedIn.
Epic Games, maker of the popular video game Fortnite, is laying off 1,000 employees — about 20% of its workforce.
"The downturn in Fortnite engagement that started in 2025 means we're spending significantly more than we're making, and we have to make major cuts to keep the company funded," the company explained in a statement.
In addition, Epic Games cited challenges including reductions in consumer spending, "tougher cost economics," declining cost of game consoles and competition from other forms of entertainment. Notably, the company said the job cuts were not related to AI.
Epic Games added that "we're only in the early stages of returning to mobile and optimizing Fortnite for the world's billions of smartphones." This comes "after court battles with Apple and Google over app store payments," according to the Associated Press.
Epic Games' last large layoffs occurred in 2023 with a 16% reduction in its workforce, amounting to about 830 employees, added the outlet.
Fintech company Block is laying off over 4,000 of its 10,000 employees — a staggering 40% of its workforce, according to the Associated Press. CEO Jack Dorsey said the company's decision to restructure is due to an increased use of AI. He added that Block could be a more efficient company with a smaller team that leverages AI.
"We're already seeing that the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. And that's accelerating rapidly," Dorsey said in a post on X (formerly Twitter).
E-commerce giant eBay is laying off 800 workers as part of an effort to align resources with the company's "strategic priorities," according to MarketWatch and a statement by eBay. Last week, eBay announced plans to acquire consumer-to-consumer (C2C) fashion marketplace Depop for $1.2 billion in cash.
EBay reported a solid fourth quarter with revenue up 15% to $3 billion, according to Bloomberg. However, this latest round of layoffs comes after a reduction of 1,000 jobs in 2024 (9% of the company's workforce), and a reduction of 500 employees in 2023 (4% of workforce) as consumer spending slowed after a spike in online shopping during the COVID-19 pandemic.
After acquiring Israeli identity security company CyberArk earlier this month, Palo Alto Networks has laid off 500 of CyberArk's 4,000 employees, according to CTech. The outlet said the employees affected by the layoffs are mainly in overlapping roles due to the merger, but no layoffs are planned for the research and development team.
AI company xAI has reduced its workforce during a reorganization initiative, confirmed by founder Elon Musk. While Musk hasn't divulged the number of employees affected by the layoffs, at least two of the company's co-founders and eight other engineers were affected by the downsizing, according to TechCrunch. While xAI has now lost half of its original 12 co-founders, Musk said the company plans to hire "aggressively." The company has more than 1,000 employees.
Chemical maker Dow plans to lay off 4,500 employees, about 13% of its 36,000 employees, according to Bloomberg. The layoffs, in addition to the use of AI and automation, are part of an initiative to simplify the company's operations.
"As we reengineer how work gets done, we are reducing complexity, adopting the best-available technologies, and streamlining our end-to-end processes," said Jim Fitterling, Dow chair and CEO, in a LinkedIn post.
The company's initiative to improve productivity and encourage customer growth will result in "at least $2 billion in additional near-term earnings while helping Dow set new competitive standards and improve shareholder returns," said Fitterling in a statement (PDF download).
The company's net sales for the fourth quarter of 2025 were $9.5 billion, down 9% year-over-year.
Tech giant Amazon plans to reduce its corporate workforce by 16,000 employees. This comes after reductions in October 2025 led to layoffs of 14,000 corporate employees. Together, the layoffs of 30,000 amount to about 10% of Amazon's corporate workforce.
Beth Galetti, senior vice president of people experience and technology at Amazon, wrote in a blog post that the headcount reduction is part of an effort "to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy."
Dutch chip-making equipment manufacturer ASML plans to lay off 1,700 employees, mainly affecting management roles in the company's IT and tech departments, according to Bloomberg. The company plans to shift these management positions to more engineering roles in an effort to reduce corporate bureaucracy.
Still, the company performed well in 2025 (PDF download) as its chipmaker customers continue to prepare for the rising demand for AI chips and compute. ASML brought in net sales of €32.7 billion ($39 billion USD) and a gross margin of nearly 53%. ASML forecasts net sales to reach €34 billion ($40.6 billion) with a gross margin between 51% and 53% this year.
Social media company Pinterest plans to reduce its headcount by as much as 15%, which is about 700 positions, to redirect resources to areas including AI roles and products. A reduction in advertising revenue as retailers compensate for tariff policies has negatively affected Pinterest. In response, the social media site is working toward increasing revenue by investing in AI that will assist Pinterest users in identifying and purchasing pinned products, according to the Wall Street Journal.
Telecom equipment maker Ericsson plans to lay off 1,600 employees in Sweden, which is about 12% of its workforce in the country. Ericsson's global headquarters is in Stockholm, Sweden, where much of the company's R&D activities are conducted.
Between the beginning of 2023 and September 2025, Ericsson has cut over 15,600 full-time jobs, which is about 15% of the company's international total. Ericsson's efforts to lower costs are due to a reduction in telecom spending, decreased 5G spending and U.S. tariff policies.
Meta will lay off 10% or about 1,500 employees in its Reality Labs division, which includes 15,000 employees and focuses on metaverse development, according to The New York Times. Meta employs a total of 78,000 people.
In 2025, CEO Mark Zuckerberg directed executives to reduce their 2026 budgets as Meta increasingly focuses on AI research, The New York Times reported. Meta is also increasing investment in its wearables division, which includes smart glasses, while reducing investment in virtual reality products.
However, last October, Meta said it would lay off 500 employees in its AI division. Zuckerberg demonstrated frustration that Meta has fallen behind rivals including OpenAI in the AI race. In February 2025, Meta reduced its headcount by 5% based on performance ratings.
Massachusetts-based biotech company Tessera Therapeutics announced it will lay off 90 employees, reducing headcount to about 160 people.
In December 2025, Tessera said it would receive a $150 million investment from biotech company Regeneron to jointly develop a treatment for the genetic mutation underlying Alpha-1 Antitrypsin Deficiency. Tessera is developing an alternative approach to genome engineering through its Gene Writing and delivery platforms. The company was launched in 2018 by life sciences company Flagship Pioneering.
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