Tech layoffs 2026: AI drives mass job cuts; tech majors like Meta, Microsoft take lead

The tech sector saw over 1,25,000 jobs lost globally by August 2026 as companies race to become AI-first. Nearly 88,000 cuts are linked to AI efficiencies. Many firms now use automation to pick up operational slack, while entry-level job listings fell by 15% as managers prefer deploying new AI tools.