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As the wave of mass layoffs continues to sweep through the technology industry with LinkedIn being among the latest companies to announce downsizing, the latest report by t RationalFX is looking into the companies that have eliminated the most jobs in 2025 so far.
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Similarly to many other major tech businesses, LinkedIn, a Microsoft-owned company, has been heavily investing in AI. Although it has not explicitly said it is replacing employees with automation and AI tools, it is now cutting 281 positions across its California offices, mostly engineering and product management roles. It is just one of many tech giants announcing job cuts, following mass layoffs in the tech sector in 2023 and 2024.
To identify the businesses with the most layoffs this year, the team at RationalFX aggregated layoff announcements sourced from the U.S. WARN notices, the job portal TrueUp, TechCrunch and the Layoffs.fyi layoff tracker since the beginning of 2025. The list of tech companies ranked by the number of laid-off employees can be accessed in Google Drive via this link.
We discovered at least 90,471 layoffs reported within the technology sector for 2025, with 65,545 coming from U.S.-based companies. This means that between January 1 and May 20, 2025, an average of 646 jobs were lost every day. At the same pace, the global tech sector is on track to cut an additional 145,500 jobs by year-end, bringing the projected total for 2025 to 235,871 layoffs in the global tech sector.
Key takeaways from the report
- At least 90,471 employees in the global tech sector have lost their jobs this year, with 72% of them being laid off by U.S.-based companies. The actual number of layoffs, however, might be much larger since there are dozens of companies where the job cuts have not been confirmed.
- The 90,471 laid off between January 1 and May 20, 2025, average 646 job losses per day. If the current pace continues, the tech industry is on track to cut an additional 145,500 jobs by year-end, bringing the projected total for 2025 to 235,871 layoffs in the global tech sector.
- U.S.-based computer hardware manufacturer Intel has initiated the most significant layoffs this year, eliminating around 20% of its entire workforce. Even without any hard numbers confirmed by the company, we estimate that roughly 20,000 Intel employees might lose their jobs in 2025.
- Since the beginning of the year, tech companies based in California have announced 38,352 layoffs, more than half of the U.S. total. Another 13,385 layoffs have been at companies based in Washington State.
- Other countries where tech companies have eliminated a large number of positions include Japan with 10,100 layoffs (mostly at Panasonic), Sweden with 3,053 (Northvolt), Switzerland with 3,050 (STMicro), India with 2,688 (Ola Electric and Infosys), and the UK with 1,445 (Arrival, Wise).
Tech Industry Layoffs Globally
Financial pressures and the drive toward automation appear to be the main forces behind the recent waves of layoffs. Employee retention has been deprioritized in favor of cost-cutting measures, alongside the fast implementation of AI tools. Many tech giants are also cutting jobs despite strong earnings.
Microsoft reported $70.1 billion in Q1 revenue and $25.8 billion in net income but laid off 8,840 employees, including senior staff. Meta posted $16.64 billion in profit and cut 3,720 jobs. Chegg laid off 22% of its workforce after investing in a GPT-4-powered AI assistant.
More information on tech sector layoffs, the underlying reasons for job reductions, and RationalFX complete research methodology can be found in the full report.
Credit: RationalFX
