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Tech Layoffs Surge 51% as Amazon, Block Cut Thousands, With AI Cited in Over 12,000 U.S. Job Losses in 2026

Tech Layoffs Surge 51% as Amazon, Block Cut Thousands, With AI Cited in Over 12,000 U.S. Job Losses in 2026

Mar 13, 2026
CFO Dive

Tech layoffs surge 51% in early 2026, with Amazon cutting 16,000 jobs and Block slashing its workforce nearly in half, as AI is officially blamed for over 12,000 U.S. job losses — though analysts warn companies may be using AI as cover for deeper financial struggles, prompting Congress to introduce new worker retraining legislation.

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