Category: Layoffs and Closures

On May 5, Freshworks Inc. filed a restructuring plan with the Securities and Exchange Commission that contained a phrase almost no public company would have put in a regulated disclosure two years ago. The San Mateo-based software maker said it would “increase leverage of AI and automation across the business,” directly linking a round of…

The number kept climbing through the spring. By mid-June 2026, roughly 92,000 tech workers in the United States had lost their jobs, according to Layoffs.fyi, the startup and tech layoff tracker that has become a default scoreboard for the industry’s workforce contractions. The figure alone would be striking. What sets this year apart is the…

Companies spent the last three years firing workers and telling shareholders that artificial intelligence would pick up the slack. The pitch was clean: automate routine tasks, shrink payroll, and let the productivity numbers speak for themselves. But two large-scale studies now suggest the numbers have almost nothing to say. The jobs vanished. The efficiency gains…

Cognizant Technology Solutions has set aside up to $320 million to restructure its workforce under a program called Project Leap, a move that industry analysts estimate could eliminate as many as 15,000 jobs from the company’s roughly 350,000-person payroll. The 350,000 figure is derived from Cognizant’s most recent public filings, including its 8-K filed on…

When a mid-level QA engineer at a large SaaS company opens a company-wide email in May 2026 and reads that her entire team is being “restructured around AI-driven testing tools,” she joins a rapidly growing count. By early June 2026, the Layoffs.fyi tracker showed 128,270 tech workers cut from 286 companies since January. For the…

Freshworks Inc. is eliminating roughly 500 jobs, about 11 percent of its workforce, as the company accelerates a shift toward artificial intelligence that its leadership says will redefine how it builds and sells software. The San Mateo, California-based maker of customer service and IT tools disclosed the restructuring in a regulatory filing in May 2026,…

Spirit Airlines flew its last flight on May 2, 2026. By that evening, roughly 17,000 employees, including pilots, flight attendants, mechanics, and gate agents, had lost their paychecks and their employer-sponsored health insurance, according to company wind-down documents distributed that day. Hours later, bankruptcy court filings in the Southern District of New York (Case No….

The number on Layoffs.fyi ticked past 128,270 in late May 2026, each digit representing a person who opened a calendar invite or a Slack message and learned their job no longer existed. Engineers at Microsoft, which confirmed a performance-focused reduction spanning thousands of roles across divisions. Product managers at SAP, where leadership tied a sweeping…

Cloudflare was not struggling when it eliminated roughly 1,100 jobs in May 2026. The company had just posted record quarterly revenue of $639.8 million, a 34% jump from the same period a year earlier. But according to CEO Matthew Prince and co-founder Michelle Zatlyn, the internet security giant’s own AI tools had become so capable,…

For the second month in a row, artificial intelligence was the single most cited reason American companies gave for eliminating jobs. In April alone, employers announced 21,490 AI-driven cuts, roughly 26% of every layoff disclosed nationwide, according to the latest monthly report from Challenger, Gray & Christmas, the outplacement firm that has tracked corporate layoff…