The wave of tech sector layoffs continues to intensify, with PC maker HP among the latest companies to announce job cuts this year. In a massive overhaul, the company is expected to eliminate up to 6,000 positions and save up to $1 billion in annualised gross run rate.
To provide a broader perspective on the current wave of tech-sector job cuts across the world, I am sharing our recent report, revealing that tech sector layoffs have now surpassed 241,000 in 2025.
On Monday, Apple also made an announcement of cutting “dozens” of sales roles in order to streamline sales to businesses, schools and government agencies. However, no exact figures were released, but news reports said the reductions would affect only a “small number of employees”.
To determine which companies are leading this year’s wave of job cuts, the team at RationalFX compiled layoff data from multiple verified sources, including U.S. WARN notices, TrueUp, TechCrunch, and the Layoffs.fyi tracker, covering announcements made since the start of 2025. The full ranking of tech companies by number of layoffs is available on Google Drive via this link.
According to the latest aggregated figures, 241,818 employees in the global technology sector have been laid off this year. Santa Clara-based chip maker Intel has eliminated the most positions, around 33,900, according to our estimations, with two trillion-dollar corporations responsible for the next-largest mass layoffs in 2025: Amazon has reduced its workforce by roughly 19,555, while Microsoft has cut approximately 19,215 positions.
These are the tech companies with the most significant mass layoffs since January 2025:
- Intel (U.S.): 33,900 job cuts
- Amazon (U.S.): 19,555 job cuts
- Microsoft (U.S.): 19,215 job cuts
- Verizon (U.S.): 15,000 job cuts
- TCS (India): 12,000 job cuts
- Accenture (Ireland): 11,000 job cuts
- Panasonic (Japan): 10,000 job cuts
- IBM (U.S.): 9,000 job cuts
- HP (U.S.): 8,100 job cuts
- Telefónica (Spain): 7,000 job cuts
Other highlights from the report:
- As of November 26, 2025, a minimum of 241,818 employees in the tech sector have been laid off globally, with American companies responsible for over two-thirds of these job cuts, or 169,399 positions. European tech companies have slashed at least 32,596 roles, roughly 13.5% of the total. Note that the actual figures may be much higher, considering most companies rarely comment on layoff reports.
- Among the latest companies to announce layoffs is HP, revealing plans to reduce its global headcount by 4,000 to 6,000 employees, up to 10% of its workforce, as part of a restructuring expected to deliver at least $1 billion in annual savings by fiscal 2028. The company issued weaker profit guidance for 2026, citing rising memory costs and added expenses from U.S. trade regulations. In its most recently reported quarter, HP posted $14.64 billion in revenue and $795 million in net income, and its shares fell following the announcement.
- Another company to recently announce layoffs is Spanish Telecom Telefónica, which is said to let go of around 7,000 employees across several different subsidiaries. In Spain alone, these layoffs are expected to affect a little over 5,000 workers, according to unions: 3,650 employees at Telefónica Spain, roughly 1,100 staff at Telefónica Mobile, and another 270 employees at Telefónica Solutions.
- American tech giant Apple also joined the list of companies with workforce reductions this week. The company, which reached $4 trillion in market capitalisation in late October, is now laying off an undisclosed number of employees from its sales team. Dozens of workers are said to be affected; yet, these layoffs were not included in our figures.
- While layoffs in Europe have been significant, they pale in comparison to those at leading American tech firms in 2025. Intel, for example, has cut 33,900 jobs this year, with Amazon and Microsoft following closely, reducing their workforces by 19,555 and 19,215 employees, respectively. Combined, these three companies have slashed over 72,700 jobs, more than double the total tech layoffs across Europe.
“The scale and concentration of these layoffs suggest an industry still struggling to correct the excesses of the previous growth cycle, especially in the U.S., where companies relied heavily on rapid expansion. What’s striking is not just the volume but the speed at which even the most profitable firms are trimming staff, signalling a shift toward aggressive cost discipline.
Another increasingly important factor is the mass adoption of automation and artificial intelligence tools that are already replacing many lower-level positions. Overall, these figures paint a picture of an industry adjusting to the new realities and advancements in technology unevenly, with U.S. giants driving a disproportionate share of the contraction.”
– comments Alan Cohen, analyst at RationalFX.
These conclusions were made based on layoff announcements, WARN notices, and independent layoff reports between January 1 and November 26, 2025. More information on the tech sector layoffs, the underlying reasons for job reductions, and our complete research methodology can be found in the full report. The raw dataset is also available on Google Drive at the following link. Feel free to use the data or graphics, provided proper attribution is given with a link to the source.
From Alan Cohen, Data Analyst RationalFX
