Layoffs sweep tech industry, more than 50,000 lose their jobs so far in 2025

Layoffs have swept through the tech sector during the first few months of 2025 — with more than 50,000 people losing their jobs.

According to data from layoffs.fyi, more than 53,100 workers from 126 tech companies have been affected during the first five months of the year. Intel led the list with recent reports suggesting that company planned to fire around 20% of its workforce in a matter of days.