GoKawiilTech layoffs top 200,000 in 2026 as firms redirect spending to AI
A wave of job cuts and buyouts is sweeping the tech sector, with Microsoft, Oracle, Amazon, Uber, Netflix, Google and Canva among companies reducing headcount this year. According to the TrueUp tech layoffs tracker, more than 200,000 workers have been let go in 2026, a faster pace than last year, and the cuts are hitting profitable firms as well as struggling ones. Goldman Sachs has estimated that companies have collectively spent $3.2 trillion on AI, much of it not reflected on balance sheets.