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2026 tech layoffs reach 45,000 in March

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Re: 2026 tech layoffs reach 45,000 in March

#4

Post by bwestergard »

The framing of this makes it seem like this is a sharp change in trend, but this long-running layoff tracker shows no evidence of this.

2020 and 2023 both had serious layoff spikes, but the 2023 spike trailed off to an asymptote that we're still hovering around.

https://layoffs.fyi/

Re: 2026 tech layoffs reach 45,000 in March

#5

Post by PlanksVariable »

bearjaws wrote: post #2

And Meta has another round coming, soon the only thing left at the company will be data center staff. Apparently 20% to be laid off soon. https://www.reuters.com/business/world-at-work/meta-planning...

Surprised it took this long. I feel bad for the employees, but I can’t remember the last success they had. Metaverse, VR, throwing absurd money at AI and for what?

Re: 2026 tech layoffs reach 45,000 in March

#6

Post by ttul »

napolux wrote: post #3

AI as a real impact or more as an excuse?

It’s the business cycle, mostly. During the pandemic, low interest rates drove a boom in risk investing that flowed downhill into tech company balance sheets. Of course everyone used the money to hire lots of developers and engineers - probably more than were needed for the business opportunity they were exploiting.

I think AI is being used as an excuse for layoffs rather than the cause. Companies don’t have the cash and times got a bit too rich. This is the cyclical pull back that has been going on for decades.

Re: 2026 tech layoffs reach 45,000 in March

#9

Post by PlanksVariable »

ttul wrote: post #6
napolux wrote: post #3

AI as a real impact or more as an excuse?

It’s the business cycle, mostly. During the pandemic, low interest rates drove a boom in risk investing that flowed downhill into tech company balance sheets. Of course everyone used the money to hire lots of developers and engineers - probably more than were needed for the business opportunity they were exploiting. I think AI is being used as an excuse for layoffs rather than the cause. Companies don’t have the cash…

And for how many more years are we going to be calling this a post-Covid market correction?
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