Tech Industry Cuts 150,000 Jobs Across 549 Companies in 2025

In 2025, significant layoffs continue across the tech industry, driven largely by shifts toward AI and automation. Meta, the parent company of Facebook, is cutting 600 jobs within its AI division to streamline operations after a rapid expansion, with layoffs focusing on basic AI infrastructure teams while preserving ambitious projects. Other major companies such as Google and Tata Consultancy Services have also reduced AI-related roles, reflecting a broader trend of workforce reductions due to technological advancements. Target is undergoing one of its largest workforce reductions, cutting around 1,000 jobs amid declining sales and criticism over scaling back diversity and inclusion initiatives, which some attribute to pressure from the Trump administration. The World Economic Forum reports that 41% of companies globally anticipate workforce reductions over the next five years because of AI, though tech jobs in AI and related fields are expected to grow by 2030. Overall, these layoffs highlight the complex impact of AI on employment, balancing job losses in some sectors with growth in others.