#tech-layoffs · How AI Is Reshaping Work

ServiceNow laid off several hundred employees and credited the cuts to 'real AI efficiencies' from its own platform — its first layoff after CEO Bill McDermott's 2023 no-cuts promise.

Robinhood laid off about 10% of its workforce from a position of record trading volume, and Vlad Tenev's memo never once said 'AI' — a conspicuous omission in 2026.

Tech firms are cutting jobs and citing AI while the same technology mints a new class of overnight billionaires — and analysts are starting to call the gap dangerous.

Tech executives increasingly blame AI for layoffs that have older, less flattering causes — over-hiring, failed bets and softening markets — analysts told the New York Times.

TechTimes' June 1 print puts 2026 tech cuts at 148,092 across 354 events at 981 jobs a day. Stanford's AI Index says the 22–25 software dev cohort has shrunk nearly 20% since 2024. Same arrow.

BusinessToday's May 28 tally counts nearly 30,000 tech jobs gone in May — Meta, PayPal, Cisco, Intuit, Cloudflare, Wix, Coinbase, LinkedIn — and almost every CEO memo cites AI restructuring.

Nike's second round of 2026 cuts hits 1,400 — mostly technology roles — while consolidating engineering into two hubs: Beaverton and the Nike India Technology Center. The map matters more than the headcount.

Microsoft announced a first-in-its-history voluntary retirement program on April 23 — roughly 8,750 U.S. employees eligible, age-plus-tenure ≥ 70. The $37.5B quarterly AI capex line is the same line the savings are going to.