The global technology sector faced another turbulent month in October, with company-wide restructuring and aggressive shifts toward artificial intelligence driving over 5,000 job cuts worldwide.
Data from tracking portal Layoffs. fyi reveals that 5,191 tech roles were eliminated globally across major industry players during the month.
Streaming giant Netflix led the wave on October 14, laying off nearly 1,000 employees—approximately 6% of its global workforce—across product, technology, legal, and HR divisions. E-commerce leader eBay followed by slashing 9% of its workforce, affecting over 1,100 roles.
Meanwhile, Amazon conducted multiple layoff rounds, eliminating around 1,000 jobs within its Stores operations alongside another 250 positions in its Devices and Services unit.
Ten months into 2026, cumulative tech layoffs have officially surpassed 135,000 globally, continuing a difficult period following a severe second quarter. Beyond direct terminations, companies are also pursuing voluntary separations.
Microsoft recently offered voluntary exit packages to over 60,000 employees across key global hubs, including India, the US, the UK, and Canada, though early reports indicate only about 3,000 workers have accepted the offer so far.
