By Katie Teague
Publication Date: 2026-10-30 12:31:00
We’ve been inundated with tech layoffs throughout the whole of 2026 — and there’s likely more to come. In June, 14,000 job cuts happened at EV automaker Lucid, game developer Bungie, trading platform company Robinhood and others. Microsoft‘s round of layoffs in July affected 4,800 jobs — mostly across its Xbox gaming division. Following that, companies like Samsung, Zillow and even TikTok joined the club.
According to many reports, the U.S. is at the center of these job cuts. Oracle has had the biggest impact on layoffs this year so far. The annual financial disclosure the company filed on June 23 showed the software giant cut 21,000 jobs over the past year, roughly 13% of its workforce.
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said in the filing.
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In response to the numerous job cuts, California Governor Gavin Newsom in June unveiled a tool to…
