2026 Tech Layoffs: AI, Meta, Ericsson Drive Workforce Reductions

Here’s a summary of the layoffs mentioned in the provided text, broken down by company:

* Ericsson: Cut over 15,600 full-time jobs (about 15% of its international total) between the beginning of 2023 and September 2025. This included 1,600 employees in Sweden (approximately 12% of its Swedish workforce). The cuts are attributed to reduced telecom spending, decreased 5G spending, and U.S. tariff policies.
* Meta:
* Will lay off 10% (about 1,500 employees) of its Reality Labs division (metaverse growth).
* Laid off 500 employees in its AI division in October.
* Reduced headcount by 5% in February 2025 based on performance ratings.
* Tessera Therapeutics: Will lay off 90 employees, reducing its workforce to approximately 160 people (a 35% reduction).

Key Trends:

* Tech layoffs: The article highlights layoffs across multiple tech companies (Ericsson, Meta).
* shifting priorities: Meta’s layoffs reflect a shift in focus from the metaverse (Reality Labs) towards AI and wearables.
* Economic Factors: Ericsson’s cuts are linked to broader economic factors impacting the telecom industry.
* Biotech Adjustments: Tessera Therapeutics’ layoffs appear to be part of a restructuring, even while receiving significant investment.