Tech Giants Trim Fat: Why Amazon and ASML Are Leading 2026 Layoffs
In 2026, over 26,000 tech jobs are slashed, spearheaded by Amazon's and ASML's strategic layoffs to enhance efficiency. Amazon is set to cut 16,000 roles, while ASML axes 1,700 despite high profitability, signaling a broader industry shift driven by AI demand and economic pressures. This wave highlights an industry realignment, with companies like Ericsson, Autodesk, and Palo Alto Networks also tightening their belts in a bid to adapt to the evolving market landscape.
Feb 21