CVin.Bio Research / March 2026
The Tech Layoffs
Report 2026
Since March 2020, more than 750,000 tech workers have been laid off from over 2,500 companies. This report assembles data from six primary sources to examine who is cutting, why, what happens to displaced workers, and what this means for the labor market heading into the second half of the decade.
The numbers are staggering, and they keep climbing
According to Layoffs.fyi, 264,320 tech workers were laid off in 2023 alone, the single worst year on record. 2024 brought another 152,922 cuts across 551 companies. 2025 added 124,201 more from 271 companies. And 2026, barely three months old, has already recorded 40,482 displaced workers across 71 companies.
The layoff cycle
2023 was the worst year for tech layoffs in recorded history. 2024 and 2025 were not much better.
Tech employees laid off per year
Layoffs are not just happening in tech anymore
Challenger, Gray and Christmas reported 1,206,374 announced job cuts across the U.S. in 2025, a 58% increase over 2024. Government restructuring accounted for the largest single category at 307,600, driven by federal efficiency initiatives. Technology followed at 141,200.
2025 announced cuts by sector