- More companies are laying off employees, with AI cited as a reason
- Freshwords reduces its number of employees by 11%
- Coinbase cuts headcount by 14%
Artificial intelligence is being touted as the cause of more job losses as two more companies join the list of tech companies laying off employees in 2026.
Freshworks has announced that it will trim 11% of its workforce, or about 500 jobs, as the company addresses routine work with artificial intelligence and automation.
Coinbase is also set to lay off around 14% of its workforce, or 700 jobs, as the company moves towards becoming ‘AI native’.
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Redundancies close to 100,000 in 2026
Layoffs tracker Layoffs.fyi places the total number of tech job layoffs at 93,294 so far in 2026.
speaks to PakinomistFreshworks CEO Dennis Woodside said the workforce reduction was because the company saw routine work being reduced by artificial intelligence and automation.
“Over half of our code is written by AI,” he said, adding that the company’s use of automation had cut down on “the rote work that technology can take care of.”
Coinbase pointed to market factors and AI as the common reasons behind the workforce reduction, with CEO Brian Armstrong issuing a blog post explaining the reasoning behind the decision. “We are adjusting early and deliberately to rebuild Coinbase to be lean, fast and AI-native,” Armstrong said.
March 2026 was the worst month for tech layoffs since 2024, with AI commonly cited as either the main cause or a contributing factor in many cases. While Nvidia CEO Jensen Huang may say that AI is creating jobs and that ‘AI doomers’ cast a negative light on the technology, the metrics for the number of layoffs are less muddy than the number of jobs AI has created.
Meta recently announced that it was cutting its headcount by 10%, or about 8,000 jobs, as the company tries to address rapidly increasing AI spending across data centers and desktops.
This reduction would serve as the first phase of an earlier announcement by Meta CEO Mark Zuckerberg in March 2026, which said the company could see its staff cut by as much as 20%, or 16,000 jobs, as AI technology boosts efficiency.
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