Tech layoffs total 114,210 across 150 firms

Layoffs in the tech sector reached 114,210 workers across 150 companies in 2026, according to the live tracker published by Layoffs.fyi. The site, run by startup founder Roger Lee, said the figures were current as of May 24 and covered tech and startup job cuts reported so far this year. The tally has circulated widely in social posts over the weekend as companies tied restructurings to artificial intelligence spending, automation and changing hiring plans. Several of the largest recent cuts have come from companies that said they were shifting resources toward AI. ### Where does the 114,210 figure come from? Layoffs.fyi listed “114,210 tech employees laid off” and “150 tech companies w/ layoffs” on its homepage on May 24. The site said it has tracked tech and startup layoffs since March 2020 and described the page as “constantly being updated.” LatestLY on May 24 cited the same Layoffs.fyi figures in a report on 2026 tech layoffs, saying the cuts reflected a broader restructuring wave tied to AI adoption. The report also named Cloudflare, Meta and Intuit among companies that had linked workforce reductions to AI integration. (layoffs.fyi) ### Which company cuts are driving the latest attention? Meta began its latest round of layoffs on May 20, affecting about 8,000 employees, CNBC reported. CEO Mark Zuckerberg told employees in a memo that the cuts were necessary because “success isn’t a given” in the competition around artificial intelligence. (latestly.com) CNBC reported that the layoffs amounted to about 10% of Meta’s workforce, and that the company had earlier told employees it would also cancel plans to fill 6,000 open positions. The report said about 7,000 employees would be moved into new AI-focused roles, according to a person familiar with the matter. (cnbc.com) Accenture disclosed a separate restructuring earlier, saying its workforce fell to 779,000 at the end of August from 791,000 three months earlier, a reduction of more than 11,000 jobs. The company tied the move to an $865 million restructuring program and a push to retrain employees for AI-related work. (cnbc.com) ### Are all of these cuts directly caused by AI? Meta said in an earlier memo that its job cuts were intended in part to offset investments in areas including AI, CNBC reported. Zuckerberg told employees that “AI is the most consequential technology of our lifetimes” and said companies leading the field would define the next generation. (financialexpress.com) Accenture chief executive Julie Sweet told analysts that the company was exiting employees “where reskilling, based on our experience, is not a viable path for the skills we need,” according to Financial Express. The same report said Accenture had increased its count of AI or data professionals to 77,000 from 40,000 two years earlier. (cnbc.com) Layoffs.fyi’s total, however, is an aggregate count of layoffs across the sector and does not by itself assign a cause to every job cut. The tracker lists the cumulative number of affected workers and companies, while individual employers have cited different reasons, including restructuring, weaker demand and AI investment. ### What happens next in the tracker and at the companies involved? (financialexpress.com) Layoffs.fyi said on May 24 that its tracker remained live and was being updated continuously as new layoffs were reported. The site also invited readers to submit missing layoff information directly to the project. Meta said 7,000 employees would be reassigned into AI-focused roles as the company protects teams working on AI infrastructure, foundation models and AI monetization, CNBC reported. (layoffs.fyi) Accenture told analysts overall headcount would grow again in the coming year as it added AI and data expertise after the restructuring. (cnbc.com)