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Story summary
- Global tech firms have cut 126,305 jobs by August 13, 2026, according to Layoffs.fyi.
- Fast Company reported 125,759 tech layoffs by August 6, 2026, exceeding the 122,606 jobs lost in 2025.
- Amazon, Meta, Etsy, Zillow, Salesforce, LinkedIn and Rapid7 have all announced workforce reductions contributing to the total.
- Industry observers say commercial large-language models let executives replace developers, accelerating mass deskilling.
