Tech layoffs exceed 100,000 in 2026, with nearly 29,000 jobs lost in May

Tech industry layoffs have exceeded 100,000 positions in 2026. The tally aggregates job cuts reported across the sector. In May, nearly 29,000 tech jobs were lost. The May figure represents a significant share of the yearly total. The data underscores a sharp increase in workforce reductions. Analysts are tracking the trend as the year progresses. The ongoing cuts may affect future hiring and project staffing. Observers will monitor subsequent months for further developments.