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Biggest Tech Layoffs of Q1 2026

Q1 2026 tech layoffs surged as companies cut costs, restructured operations, and shifted resources toward artificial intelligence.

Layoffs

Table of Contents

May 5, 2026

Several technology and technology-adjacent companies announced workforce reductions in the first quarter of 2026, as firms moved to cut costs, restructure operations, and redirect resources toward artificial intelligence.

The biggest Q1 layoff announcements came from companies across enterprise software, cloud infrastructure, semiconductors, telecom equipment, IT services, crypto, and clean energy technology.

1. Oracle Corporation (NYSE: ORCL)

Price: $185.35
Date: March 31, 2026
1-day impact: +2.86%

Oracle is a global enterprise software and cloud computing company. It provides database software, cloud infrastructure, business applications, and AI infrastructure services for large organizations.

Oracle reportedly planned to cut thousands of workers as the company looked to manage costs while expanding aggressively into artificial intelligence infrastructure. Oracle had roughly 162,000 employees, but the total number of affected workers was not clearly disclosed, so the workforce reduction percentage is not cleanly calculable. The stock rose after the layoff news, suggesting investors viewed the cuts as cost discipline tied to Oracle’s AI spending push.

2. FiscalNote Holdings (NYSE: NOTE)

Price: $0.20
Date: March 19, 2026
1-day impact: -5.52%

FiscalNote provides policy, regulatory, and geopolitical intelligence software. Its platform helps companies, government agencies, and organizations track legislation, risk, and public policy developments.

FiscalNote announced an organizational transformation that included a workforce reduction of approximately 25%. Based on the company’s reported headcount of 543 employees, the reduction implies roughly 136 employees affected. The stock fell after the announcement, suggesting investors viewed the cuts as a sign of financial pressure rather than a clean margin-improvement move.

3. Atlassian Corporation (NASDAQ: TEAM)

Price: $92.35
Date: March 11, 2026
1-day impact: -0.87%

Atlassian develops collaboration and productivity software for teams. Its major products include Jira, Confluence, Trello, Bitbucket, and tools used by software developers and enterprise teams.

Atlassian announced plans to lay off about 1,600 employees, representing roughly 10% of its workforce, as part of a pivot toward artificial intelligence. The modest decline suggests investors were cautious on the near-term restructuring impact, even though the company framed the move around AI-driven operating changes.

4. Atos SE (OTC: AEXAY)

Price: 34.32 EUR
Date: March 5, 2026
1-day impact: 0.00%

Atos is a French IT services and consulting company. It provides digital transformation, cybersecurity, cloud, infrastructure, and managed technology services for enterprise and government clients.

Atos said restructuring had reduced its workforce by 19%. The flat immediate reaction suggests the cuts were largely understood as part of an ongoing turnaround rather than a new surprise catalyst.

5. C3.ai (NYSE: AI)

Price: $9.41
Date: February 25, 2026
1-day impact: +2.06%

C3.ai provides enterprise artificial intelligence software. Its platform helps companies build, deploy, and run AI applications across industries including energy, manufacturing, defense, finance, and healthcare.

C3.ai announced a restructuring plan that included a 26% reduction in its global workforce. Based on the company’s prior headcount of about 1,181 employees, the reduction implies roughly 307 employees affected. Shares rose after the announcement, suggesting investors may have viewed the cuts as a step toward tighter expense control, though the stock remained under pressure in the broader period.

6. WiseTech Global (OTC: WIGBY)

Price: $44.63
Date: February 24, 2026
1-day impact: 0.00%

WiseTech Global is an Australian logistics software company. Its flagship CargoWise platform helps freight forwarders, customs brokers, and logistics companies manage global supply chains.

WiseTech Global said it would lay off about 2,000 employees over two years as it adopted artificial intelligence across its software and internal operations. The cuts represented approximately 29% of its global workforce. The reaction was muted, likely because the reductions were structured as a multi-year transition rather than an immediate cost shock.

7. The Crypto Company (OTC: CRCW)

Price: $0.0017
Date: February 22, 2026
1-day impact: +0.53%

The Crypto Company is a blockchain and digital asset services firm. It has focused on crypto education, consulting, technology services, and digital asset-related business activities.

The Crypto Company was linked to further staff reductions amid pressure in the crypto sector. The company’s total affected headcount and workforce reduction percentage were not clearly disclosed, making the percentage not cleanly calculable. The small positive move suggests the market reaction was limited, with investors likely focused more on valuation pressure and crypto-market conditions.

8. Salesforce (NYSE: CRM)

Price: $186.99
Date: February 9, 2026
1-day impact: +0.81%

Salesforce is a cloud software company best known for customer relationship management tools. Its platform supports sales, marketing, service, analytics, AI, and enterprise workflow automation.

Salesforce reportedly cut fewer than 1,000 jobs. Based on Salesforce’s reported headcount of 76,453 employees, the cuts represented up to roughly 1.3% of its workforce. The stock reaction was modestly positive, consistent with how investors often respond when profitable software companies reduce headcount to protect margins.

9. ASML Holding (NASDAQ: ASML)

Price: 1,229.00 EUR
Date: January 28, 2026
1-day impact: +4.09%

ASML is a Dutch semiconductor equipment company. It is the leading supplier of lithography machines used by chipmakers to produce advanced semiconductors.

ASML announced layoffs that would result in a net reduction of around 1,700 positions, mostly in the Netherlands, with some cuts in the United States. The cuts represented approximately 4% of its workforce. The stock rose after the announcement, suggesting investors viewed the move as operational discipline rather than demand collapse.

10. Enphase Energy (NASDAQ: ENPH)

Price: $36.02
Date: January 23, 2026
1-day impact: +10.70%

Enphase Energy develops solar and battery technology for homes and businesses. Its products include microinverters, energy storage systems, EV chargers, and energy management software.

Enphase announced job cuts as the end of tax credits weighed on demand. The company planned to lay off about 160 employees, representing less than 6% of its workforce. Shares rose sharply, suggesting investors interpreted the layoffs as a necessary reset for a company facing weaker solar demand and policy-driven pressure.

11. Autodesk (NASDAQ: ADSK)

Price: $249.43
Date: January 22, 2026
1-day impact: +0.76%

Autodesk develops design and engineering software. Its products are used in architecture, construction, manufacturing, media, entertainment, and infrastructure planning.

Autodesk announced plans to lay off about 7% of its workforce, equal to roughly 1,000 roles. The stock moved slightly higher, suggesting the market viewed the restructuring as a manageable cost-efficiency move.

12. Capgemini SE (OTC: CAPMF)

Price: 105.45 EUR
Date: January 20, 2026
1-day impact: -3.54%

Capgemini is a global IT consulting and technology services company based in France. It helps businesses with cloud, data, AI, cybersecurity, software engineering, and digital transformation projects.

Capgemini planned to cut up to 2,400 jobs in France, representing about 6% of its French workforce. The stock fell after the announcement, suggesting investors may have focused on weak demand, restructuring risk, or margin pressure in IT services.

13. Ericsson (NASDAQ: ERIC)

Price: 110.40 SEK
Date: January 14, 2026
1-day impact: +2.58%

Ericsson is a Swedish telecommunications equipment company. It provides 5G network infrastructure, software, and services for telecom operators and enterprise connectivity markets.

Ericsson planned to lay off about 1,600 employees in Sweden, representing approximately 12% of its Swedish workforce and about 1.8% of its global workforce. Shares rose after the announcement, suggesting investors viewed the cuts as part of broader cost discipline in a challenging telecom equipment market.

What Q1 Tech Layoffs Show

The Q1 2026 tech layoff wave was not driven by one single factor. The main themes were:

  • AI adoption reducing headcount needs
  • cost cuts to protect margins
  • weaker demand in IT services, telecom, solar, and crypto
  • restructuring after prior growth cycles
  • capital reallocation toward higher-priority business lines

The strongest positive stock reactions came from companies where investors viewed layoffs as proactive cost control, including Enphase, ASML, Oracle, and Ericsson. Negative reactions were more common when layoffs signaled deeper pressure, such as FiscalNote and Capgemini.

The Bigger Picture

Tech layoffs in Q1 2026 show how artificial intelligence is becoming both a growth investment and a restructuring catalyst.

Companies are cutting jobs while investing in automation, AI infrastructure, and leaner operating models. For investors, the key question is whether layoffs support stronger margins or signal weakening demand.

Platforms like LevelFields aggregate these events across industries, allowing investors to see when layoffs cluster, alongside buybacks, CEO changes, activist investor stake, and more helping investors identify when similar turnarounds have historically led to sustained stock movements. and identify when cost-cutting has historically led to sustained stock moves  rather than short-term reactions.

Avi Baron
Avi Baron is a financial analyst at LevelFields AI, specializing in event-driven investing and corporate action research.

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