AI was cited in 33% of tech layoff events in 2026, up from 1% in 2024. AI layoffs are rising as Microsoft, Oracle, Meta and Barclays cut jobs, but the bigger question is whether AI productivity gains will drive more job cuts. Tech companies have laid off over 134000 employees in 2026, surpassing last year's total as firms like Microsoft and Barclays trim workforces and fund AI.