Tech layoffs 2026 update: Job losses pile up at Netflix, HubSpot, Flock Safety, and others in October

October has brought another wave of layoffs across the tech industry. HubSpot, Netflix, Flock, Airtable, and Amazon have all announced cuts in recent days, affecting thousands of employees. The reasons seem to vary, from AI-focused restructuring and post-acquisition overhauls to coping with public backlash and pandemic-era overhiring. But the overall pattern is still the same: tech companies are trimming their headcounts. HubSpot Inc. The platform known for helping companies manage customers, sales, and marketing announced on October 6 that it would be cutting 7% of its workforce, roughly 660 employees, as it reorganizes around what it calls AI-driven customer outcomes. Yamini Rangan, HubSpot CEO, told employees in a memo that the layoffs were “not driven by AI-related efficiencies,” but the aim was to focus on “aligning our organization with our strategy and how we need to operate going forward.” AI has been central to the company’s growing concerns over the last year. In August, Rangan blamed AI for why HubSpot was trying to adjust its product and pricing after the company “got off to a slow start” in April. Netflix Inc. The streaming giant announced on Wednesday that approximat…

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