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🔴AI continues to be the cause of the prolonged wave of layoffs
The tech industry just recorded 15,503 positions cut in June 2026, up 935% compared to the same period last year. Specifically:
- YTD 2026, Tech cut a total of 139,156 jobs - up 82.6% compared to YTD 2025 (76,214)
- Tech currently accounts for 31% of total cuts across the US economy YTD 2026 (443,604) - the largest share among 29 tracked industries
- In June alone, Tech accounted for 1/3 of total market cuts (45,849)
Tech is the only industry with a triple-digit year-over-year increase in cuts in the June data. While most other industries (Retail, Financial, Entertainment) saw a sharp decline in the number of cuts compared to 2025, tech alone is going in the opposite direction.
This is the industry that directly deployed AI into operational processes the earliest - from code review, customer support, to QA testing.
-> The trend of AI replacing entry-to-mid level positions in the tech industry has been clearly demonstrated by the numbers.
But these numbers are also inflated by the fact that total cuts across the US economy YTD 2026 actually decreased 40% compared to YTD 2025 due to last year's government sector cuts.