Tech Layoffs Hit 1,115 a Day in 2026 — AI Cited as Driver by 55% of Events Affecting 152,000 Workers, But Analysis Finds Cuts Are Not Boosting Company Returns

As of June 14, 2026, the tech sector is averaging 1,115 job losses per working day — nearly double the 564-per-day pace recorded in 2025 — with 247 layoff events affecting 183,966 workers year-to-date across tech, finance, and healthcare. Artificial intelligence is explicitly cited as a driver in 55% of layoff events, touching 152,415 workers across 135 companies, with customer support, content moderation, data entry, and traditional software engineering roles disproportionately cut to fund AI infrastructure spending. Critically, the TechTimes analysis finds that companies invoking AI as the justification are not seeing corresponding improvements in operating margins or productivity, raising a systemic question about whether displacement is generating the promised financial returns.