#tech

I hear major layoffs are coming by April that will hit the Product, Technology, and Operations groups as they consolidate these organizations.

https://www.linkedin.com/posts/kyriasoglou_sap-rolled-out-a-new-system-for-stock-based-activity-7433044158757584896-8ztd?utm_source=share&utm_me

or direct link to article (behind Bloomberg's paywall)

https://www.bloomberg.com/news/articles/2026-02-27/sap-s-new-bonus-system-ended-up-rewarding-underperforming-bosses?embedded-checkout=true

Seattle's tech sector is experiencing a significant slowdown. Layoffs are impacting many companies in the region. This shift affects local businesses and the broader economy. The situation is not limited to a single employer. Seattle's previous mood of constant hiring has changed.

https://www.msn.com/en-us/money/careersandeducation/seattle-layoffs-are-turning-into-a-bigger-local-slowdown-story/ss-AA1WTRUX?ocid=overlayclose

Are they still around?

I was a contractor on the tech side and left in January because I got a better job and because I’ve worked at a PE owned company before and I knew what was coming?

The team I was on was 90% contractors. I can’t imagine what shape they are in if contractors are gone.

Anymore layoffs today in E&I specifically in tech ?

Does anybody know about the "Vasara" risk platform and the team around it? Is it a good team to join internally, from either the tech or the quant side?

Ka-CHUNKKK... Ffflluuuuuuuuuuuu-shhhhhhhh... Glub-glub-swirrrrrrl-GULP... Hssssssssssssss... (drip)... click

RationalFX data indicates 30,700 tech layoffs occurred worldwide in early 2026. This trend is on track to exceed 2025's total of 245,000 job cuts. U.S.-based tech companies account for over 80 percent of these reductions. Amazon alone cut 16,000 positions, representing over half of all announced layoffs. Other companies like Ericsson, ASML, Meta, and Block also announced significant workforce reductions.

https://technode.global/2026/02/13/tech-sector-layoffs-reach-30700-just-6-weeks-into-2026-on-track-to-surpass-2025s-job-cuts-rationalfx/

Spotify says its best developers haven’t written a line of code since December, thanks to AI

https://techcrunch.com/2026/02/12/spotify-says-its-best-developers-havent-written-a-line-of-code-since-december-thanks-to-ai/

This is exactly what SAP is also aiming for. So when are the layoffs coming and will engineers be a part of that?

Hundreds of employees were laid off by a tech company located in the Bay Area. Concurrently, the CEO of this unnamed company received a substantial $3.5 million severance payment. The timing of the executive's payout alongside the significant job cuts has drawn attention. This situation involved a technology firm operating within the broader Bay Area region. The specific name of the affected company was not mentioned in the provided headline.

https://www.sfgate.com/tech/article/workday-severance-layoffs-21346064.php

xLight, a U.S.-based startup developing an EUV light source based on a particle accelerator, on Tuesday signed a Letter of Intent (LOI) with the U.S. Department of Commerce for $150 million in proposed federal incentives under the CHIPS and Science Act. xLight came out of the blue earlier this year when it hired Pat Gelsinger, former chief executive of Intel, as executive chairman. The money, if awarded, will be used to bring xLight's free-electron laser (FEL) based light source closer to reality once it is built in Albany and its viability is proven in practice.

https://www.tomshardware.com/tech-industry/semiconductors/u-s-government-awards-gelsinger-backed-euv-developer-xlight-with-usd150-million-in-federal-incentives-company-to-develop-new-electron-based-light-source-for-lithography-tools

Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm undertakes a wider restructuring effort.

https://www.tradingview.com/news/cointelegraph:ff1078dca094b:0-jack-dorsey-s-block-may-cut-up-to-10-of-staff-in-business-overhaul-report/

https://www.geekwire.com/2026/smartsheet-layoffs-enterprise-software-giant-cuts-staff/

Why the layoffs now? Did they waste too much money buying part of Tik Tok?

ITC does nothing because there is nothing for them to do. We’re asleep.. No tech skills and no value. Fire all resilience and GT support managers. Let the vendors do the work. Put money into marketing and design. Quit pretending like tech is adding value.
Tech support managers are the worst. Micro managers with low iq. Our teams give zero sh--s due to the embarrassment of working for these clowns.

Does anyone know when to expect it?

The latest round of layoffs across tech firms in the Bay Area and beyond has reignited talk about a possible “jobs recession” in the tech world. Seeing so many companies cut staff in such a short period of time has shaken confidence, especially for workers who once saw tech as one of the safest and fastest-growing career paths.

https://www.kron4.com/news/technology-ai/latest-round-of-tech-layoffs-reignite-talk-of-jobs-recession-in-industry/

Amazon will lay off 2,198 workers in Washington state. Most affected employees are in Seattle and Bellevue.

These cuts primarily impact corporate tech roles. Separations are scheduled from April to June 2026.

The introduction of a co-pilot fundamentally changes our capacity. If a squad lead like me can now handle most development tasks with AI assistance, it accentuates the inefficiency of our bloated structure with so many L-8 GCLs and Architects who aren't providing tangible technical or strategic value

Tech will have layoffs in Feb and across Citi in March
OP: @c7+1kg3fma25

With the recent tension with labor and the fact nobody will even be using standard computers in 5 years per Elon Musk I am curious to know what others think about Dell being around in 15 years

Heard a rumor that Dell is trying to acquire the HP client business? Anyone else hearing this?

Global sportswear giant Nike has expanded its presence in India by leasing 126,000 sq ft of premium office space in the Olympia Building at Bagmane Tech Park, Bengaluru. This strategic move highlights Nike’s commitment to strengthening its corporate operations in one of India’s most competitive commercial real estate markets.

Bagmane Tech Park, located in C V Raman Nagar, is a leading business hub hosting multinational technology firms, consumer brands, and professional service providers. Nike’s new leased space allows the company to access top talent and modern office infrastructure, aligning with the growing demand for large, contiguous office spaces in Bengaluru.

While lease terms and financials remain undisclosed, the acquisition signals Nike’s long-term commitment to India’s growing market. Bengaluru continues to attract multinational companies seeking Grade A commercial properties, ideal for regional offices, technology teams, and operational hubs.

This transaction is comparable to prominent Bengaluru real estate projects such as Sobha Galera in Kannamangala and Prestige Evergreen in Whitefield, which have drawn attention for their prime locations and modern amenities. Nike’s lease also mirrors the trend of investing in pre-launch projects, where corporates secure high-quality office and commercial spaces ahead of market competition.

By taking this step, Nike reinforces Bengaluru’s position as a preferred destination for global expansions, emphasizing the city’s role as a hub for talent, innovation, and corporate growth. The move also strengthens the appeal of business parks like Bagmane Tech Park, which continues to attract multinational tenants seeking premium infrastructure and connectivity.

With American tech sector shedding another hundred thousand + jobs this year, what is a techie supposed to do next? Since the planet is on course for a war, how hard is it for civilians to work in the military? Sigint is one of my specialties

https://techcrunch.com/2026/01/22/vimeo-starts-layoffs-after-acquisition-by-bending-spoons/

Vimeo is laying off some global staff members. This action follows its acquisition by Italian tech conglomerate Bending Spoons. Bending Spoons purchased Vimeo last year for $1.38 billion. The exact number of affected employees remains undisclosed. Reports indicate a large portion of the workforce is impacted.

https://www.kuow.org/stories/tech-layoffs-drive-seattle-area-unemployment-above-5-5296

Meta announced layoffs within its reality labs division. A notice confirms 331 Washington state employees will be impacted. These cuts affect staff in Redmond, Bellevue, Seattle, and remote roles. Nationwide, 1,500 positions are being eliminated from the division. Meta is shifting resources towards advanced AI and wearable products.

https://www.king5.com/article/money/business/meta-layoffs-reality-labs-division-including-washington/281-59e40504-5d85-4ca6-a874-930b3f89c45d

Seattle, Washington

Aside from managers, any FOPS techs get hit yet?

Anyone working in tech - is there any area that is not completely and utterly dysfunctional? Seemingly everywhere I look, we are lead by absolute muppets?

Okay, I’ve about had it with these “tech consultants” in NAM. Has anyone actually met one that actually understands the tech they are supposed to support? They all seem to lack basic knowledge and understanding. Can we just hire our own people yet?

Landed a fintech job. Base is more than my total comp was and i’ll get to learn more tech. Telecomm is dead.

Spotify was a broken model to begin with especially in Fidelity.

But What's the inside story on how they realized this agile model is not working in Tech. After spending millions over the years on all change.

Seen few people walking out of the office at the Frisco location today early noon! Guess it has just begun in Tech
Next week is going to be big!

I was thinking about applying for a tech security position.

Until I saw the hiring manager.

I am familiar with her. There is no way that she knows anything about tech security... And, she's a director. Like, she's an 'expert' in the field.

First time I've ever been like, "Yeah, Fidelity has D . E . I . but they have enough people to fill roles with talented people."

What people are saying is true. No way is this company doing well when I see this.

A HS dropout with ChatGPT would be a better fit for director than this individual. Just wow.

We don’t expect large wholesale layoffs before EOY (Jan 31st). Q4 is going fine, holiday event went fine and previous layoffs achieved the expense reduction plan. Therefore, we think everyone can rest easy for awhile.

However, there’s a trifecta of conditions that create concerns for the May (and beyond) time frame:

Leadership is changing and focus from the CEO perspective will likely be to stop the project and dollar bleed from languishing projects and project now out of favor.

Tech leadership is in the target zone to change from service provider to business partner, and when that spotlight shines, discovery of money pit projects will surface. Many will be scrapped along with the tech staff on them.

Focus on evaluating AI efforts will continue and sone projects will be cancelled and new ones will appear. That could add to staff reductions.

Expect to see reorganization efforts to more closely align with business goals. Reorganized always create excess staff, so take that into account.

The next 6-8 weeks will prove to be consequential for those in peril of low performance and the typical calibration type meetings will displace those that are unpopular for one reason or another.

It’ll be May before actions are apparent on new leaders, new goals and new projects actual staffing.

We still think transportation, distribution centers and stores will fare fine in 2026. The risk is primarily in tech, we believe

another glorious chapter in the "How much worse can this possibly get?" saga.

The technology sector has entered a defining era of “The Great Recalibration” in 2025. While the total volume is slightly lower than the 2024 peak, the nature of these cuts is far more strategic.

https://www.sightsinplus.com/news/layoffs/tech-giants-google-amazon-and-others-layoff-120000-in-2025

Obviously layoffs are happening in 2026, im wondering if anyone has heard when exactly, specifically for tech?

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Radar & Satellites: NORAD uses its advanced radar, satellites, and jets to track Rudolph's nose (an infrared signature) and Santa's sleigh.