Quantifying the systemic damage of 2026 tech layoffs on the U.S. economy
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Annual purchasing power destroyed
Including ripple effects (2.5x multiplier)
Federal, state, and local combined
Of entire U.S. tech workforce in 58 days
Daily layoffs and cumulative economic damage
Shows the cumulative number of employees laid off. Each spike adds to the total.
Blue = How many companies announced layoffs that day. Red = How many people lost jobs that day.
💡 What to look for:
S&P 500 performance as tech layoffs accelerated
Market dropped -11.3% as tech layoffs accelerated. Major dips align with largest layoff announcements.
💡 Key Insights:
Annual tax losses by jurisdiction
Bay Area bearing the brunt
How 2026 tech layoffs compare to past crises
⚠️ At 1.75% in just 58 days, 2026 is on pace to be the fastest tech sector contraction since the dot-com crash.
If this pace continues, we could reach dot-com crash levels (8.2%) within 272 days.
At the current pace of 1569 layoffs per day, the tech sector is on track for an 8.4% annual contraction. Historical data shows that sector contractions above 5% typically precede broader economic recessions by 6-9 months.
This is not just about individual job losses — this is systemic economic destruction that will echo through the economy for years.