Tech layoffs reached over 45,000 globally in early 2026. Approximately 20% of these reductions, totaling over 9,200 jobs, are linked to AI implementation. Block accounted for the largest single cut with 4,000 layoffs, driven by AI tool capabilities. Other companies like WiseTech Global, Livspace, eBay, and Pinterest also reduced staff due to AI strategies. Firms are restructuring operations around AI-driven workflows to boost efficiency and automate tasks.
https://technode.global/2026/03/09/2026-tech-layoffs-reach-45000-in-march-more-than-9200-due-to-ai-and-automation-rationalfx/