AI layoffs 2026: From Oracle to Amazon, these tech companies cut over 35,000 jobs so far this year

The wave of job cuts in the tech industry continues to surge, with more than 35,000 positions eliminated in 2026. Major players such as Oracle, Amazon, and even unexpected entrants like Nike have contributed to this staggering figure. This trend underscores the ongoing challenges faced by the tech sector as it navigates economic uncertainties and evolving market demands. Oracle and Amazon, in particular, have been at the forefront of these layoffs, citing a need to streamline operations and focus on core business areas. As AI and automation technologies advance, companies are reassessing their workforce requirements, often resulting in difficult decisions to let go of employees. This restructuring aims to enhance efficiency and redirect resources toward innovation and growth opportunities. Nike's involvement in tech layoffs highlights the broader impact of digital transformation across various industries. The sportswear giant has been investing heavily in tech to enhance its digital capabilities, but this shift has also led to redundancies in traditional roles. As companies recalibrate their strategies to adapt to a rapidly changing landscape, the ripple effects are being felt across the global workforce, prompting discussions about the future of work and employment stability in the tech-driven era.

— Authored by Next24 Live