Layoff tracker data shows 171 announcements averaging 704 daily losses, potentially exceeding 2025’s total workforce reductions despite strong enterprise revenues.

According to some reports, global technology firms have cut nearly 60,000 jobs in less than three months of 2026, accelerating a new wave of layoffs that executives are explicitly tying to AI and automation even as many of the enterprises report strong revenue and profit.

Data compiled by layoff tracker TrueUp shows that 171 layoff announcements worldwide have affected 59,121 tech workers since January, averaging 704 job losses a day. At that pace, total cuts could reach about 265,000 roles by the end of the year, outstripping the 245,953 workers TrueUp estimates were laid off across the global tech sector in all of 2025.

Enterprises leading the cuts range from large platform providers to payments players, and many are simultaneously ramping up investment in AI infrastructure and products. Analysts say the pattern marks a shift from post‑pandemic belt‑tightening to deeper restructuring aimed at “efficiency” and “productivity” gains from automation.

A report from financial services firm RationalFX, which aggregated disclosures from trackers such as TrueUp, TechCrunch and state WARN databases, estimates the global tech industry cut 244,851 jobs in 2025. In that report, it is concluded that high interest rates, weaker demand and geopolitical uncertainty had contributed to last year’s downsizing, but rapid adoption of AI and automation was still the dominant driver of workforce reductions.

Separate figures from outplacement firm Challenger, Gray & Christmas show US enterprises across industries cited AI in plans to cut almost 55,000 jobs in 2025, underscoring how automation is being formally recorded as a cause of layoffs rather than a distant, hypothetical risk.

For workers, the layoff impact is sharpest in entry‑ and mid‑career roles that historically served as on‑ramps into the industry. Now, some employers are retraining staff to work alongside new AI systems, while others are eliminating roles entirely, often in support, operations and mid‑level management.

TrueUp’s tallies and recent executive commentary suggest that while hiring continues for specialized AI and cloud skills, broad-based headcount is shrinking as enterprises redesign teams around automated tooling.