Based on reporting by Crunchbase News (news.crunchbase.com).
What happened
Crunchbase News reports that at least 127,000 workers at U.S.-based tech companies were laid off in mass job cuts during 2025, according to its ongoing tracker. The data, updated weekly, covers both startups and publicly traded tech-heavy firms, including international companies with significant U.S. workforces. For the week ending November 4, 2026, the tracker recorded at least 2,982 U.S. tech sector employees laid off or scheduled for layoffs.
Key companies and recent cuts
Several major employers reported job reductions in the past week, reflecting continued restructuring across the sector:
Canva: The Australia-based design platform is reducing its global workforce by 22%, or 1,271 people. While the company has employees in Austin and San Francisco, the specific number of U.S. workers affected is currently unclear.
Amazon: The tech giant is cutting 250 workers in its devices and services division, a move that took place last week. Additionally, 95 employees, including software engineers and product managers, are scheduled for layoffs between December 7 and January 25, according to TheStreet.
Intel: The semiconductor manufacturer laid off 67 workers from its Folsom, California, location, as reported by the Sacramento Business Journal.
Ollie AI: The San Diego-based AI assistant company will shut down its app on November 6. Co-founder and CEO Bill Lennon cited the pressures of the competitive AI industry, stating, “We got close, but ultimately couldn’t keep up.”
Why it matters for the industry
The 2025 layoffs represent a significant increase from 2024, when at least 95,667 U.S. tech workers lost their jobs, per Crunchbase News. However, the 2025 total remains lower than the peak of 2023, when more than 191,000 workers were laid off. This trend suggests that while the tech sector is still adjusting, the pace of mass cuts has moderated compared to the immediate post-pandemic correction.
Companies have cited various reasons for these reductions. Large employers like Salesforce and Alphabet previously noted that layoffs followed years of rapid hiring fueled by fast growth between 2019 and 2022. Other factors include slowing sales, recession fears, and the need to preserve cash reserves as venture funding levels have stabilized after their 2021 peak. For startups, cost-cutting remains a critical survival strategy, with some firms unable to raise new funding ultimately shutting down.
What this means for investors and workers
For investors, the continued but slowing pace of layoffs indicates that tech companies are still optimizing their cost structures but are no longer in the aggressive downsizing phase seen in 2023. This stabilization may signal a more sustainable growth environment for the sector, although individual company performance will vary. The shutdown of Ollie AI highlights the high-risk nature of the AI startup ecosystem, where intense competition can quickly render business models unviable.
For workers, the data underscores the volatility of the tech job market. While the total number of layoffs has decreased from the 2023 peak, major employers like Amazon and Intel continue to make significant cuts. Professionals in the sector should remain aware that even large, established companies are restructuring their workforces in response to economic conditions and shifting business priorities.
What happens next
Crunchbase News will continue to update its tracker bi-weekly, providing the most recent layoff data for each company. Readers should watch for further announcements from major tech firms as they navigate the latter part of 2026. The tracker includes both permanent terminations and temporary layoffs, though most tech layoffs fall into the permanent category. As the industry evolves, the balance between hiring and cutting will remain a key indicator of the sector’s health.
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