More than 200,000 technology jobs have been lost in 2026 as Google, Microsoft, Oracle and Meta cut staff or offer buyouts. An analysis warns that if layoffs spread into retail and financial services, another 1.6 million jobs could go, pushing US unemployment toward recession levels. Government data shows 13.8 million layoffs and discharges from January to August.
Tech layoffs raise fears of 1.6 million more US job cuts
Source: Economic Times