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Tech layoffs have already passed 100,000 in 2026 as the industry cuts jobs to fund AI

Meta, Cisco, Intuit, and PayPal lead a wave – 2026 is shaping up to be brutal
A hot potato: Tech sector job losses in early 2026 have already surged past 100,000, and the past month suggests the trend is not subsiding. While AI automation is likely not the sole cause, aggregated reports suggest it is the leading factor, with Meta's transition into an "AI-first" company headlining May's damage to the job market.