the companies that cut staff this month and what their reductions signal for the wider job market

the second month of 2026 brought another wave of layoffs across technology, gaming, fintech, enterprise software, marketplaces, and consumer brands. unlike january, which showed sharp multi-country cuts in telecom, cloud, and marketplace operations, february’s layoffs were more distributed, touching a wide range of mid-sized teams and several high-profile companies with restructuring plans already in motion.

this recap pulls directly from our layoff tracker and includes every confirmed reduction reported in february, 2026. we also discuss on what the company does, why the cuts happened, and what it may signal for hiring in the months ahead.

february 2026 layoffs timeline

a company by company breakdown

february 2, 2026

oracle layoffs

industry: enterprise software
roles impacted: undisclosed

what the company does: oracle provides cloud infrastructure, enterprise applications, and database solutions to global organizations.

what happened: oracle reduced teams associated with slower-growth product lines as it rebalanced resources toward cloud and ai-native offerings.

february 3, 2026

t-mobile layoffs

industry: telecommunications
roles impacted: 393

what the company does: t-mobile is one of the largest u.s. wireless carriers, offering mobile plans, broadband, and enterprise connectivity.

what happened: cuts were part of a previously announced multi-year cost-efficiency program aimed at simplifying retail operations.

february 4, 2026

smartsheet layoffs

industry: business collaboration tools
roles impacted: undisclosed

what the company does: smartsheet provides project and workflow management tools for enterprises, supporting cross-team coordination and reporting.

what happened: the company cut roles after realigning its go-to-market strategy and sunsetting underperforming product modules.

workday layoffs

industry: hr cloud software
roles impacted: 400 (2%)

what the company does: workday provides enterprise hr, payroll, and financial management software used across large organizations.

what happened: workday trimmed overlapping teams created from prior acquisitions and recalibrated headcount to concentrate investment in ai-driven automation.

remitly layoffs

industry: international money transfers
roles impacted: 110

what the company does: remitly enables cross-border remittances through a digital platform used by millions of migrant workers sending money home.

what happened: remitly restructured service and support departments to reduce operating costs after a slower-than-forecast start to the year.

pinterest layoffs

industry: image sharing and social media
roles impacted: 2

what the company does: pinterest helps users discover and save visual ideas across design, fashion, recipes, and lifestyle categories.

what happened: pinterest eliminated a small number of roles tied to experimental product initiatives that were deprioritized for 2026.

traveloka layoffs

industry: online travel
roles impacted: undisclosed

what the company does: traveloka is a leading southeast asian travel and lifestyle booking platform for flights, hotels, attractions, and payments.

what happened: traveloka rebalanced regional staffing following shifts in demand between its domestic and international travel segments.

february 5, 2026

myntra layoffs

industry: fashion e-commerce
roles impacted: undisclosed

what the company does: myntra is one of india’s largest online fashion marketplaces, offering apparel, accessories, and lifestyle products across owned and third-party brands.

what happened: the company adjusted headcount in merchandising and category teams after slower-than-expected demand in specific product lines.

expedia layoffs

industry: travel booking (expedia, orbitz, vrbo, travelocity, etc.)
roles impacted: 100

what the company does: expedia operates one of the largest global travel marketplaces, connecting consumers to flights, hotels, rentals, and vacation packages.

what happened: expedia reduced teams aligned with overlapping functions across its travel brands as part of a broader effort to consolidate operations and improve profitability for 2026.

western digital layoffs

industry: hard drives & storage
roles impacted: 47

what the company does: western digital manufactures storage devices including hdds, ssds, and enterprise storage solutions.

what happened: demand softness in consumer storage contributed to localized reductions in manufacturing operations.

angi homeservices layoffs

industry: service marketplace
roles impacted: 350

what the company does: angi connects homeowners with service providers across repairs, maintenance, and home improvement.

what happened: the company consolidated support and vendor operations after continuing to shift toward ai-assisted service matching.

gemini layoffs

industry: cryptocurrency exchange
roles impacted: 200

what the company does: gemini allows institutions and consumers to trade, store, and manage digital assets.

what happened: layoffs followed ongoing legal and regulatory pressures, prompting cost reduction across compliance and operations teams.

scope3 layoffs

industry: carbon footprint tracking
roles impacted: undisclosed

what the company does: scope3 measures and reports the carbon impact of digital advertising and media supply chains.

what happened: scope3 reduced staff as part of a shift toward enterprise licensing and away from services-heavy custom work.

february 7, 2026

block layoffs

industry: payments & pos solutions
roles impacted: 1.1k (10%)
link:

what the company does: block (formerly square) builds payment hardware, software, and financial tools used by merchants worldwide.

what happened: block announced a major restructuring to reduce operating expenses and centralize engineering across cash app, square, and spiral.

february 9, 2026

salesforce layoffs

industry: saas business applications
roles impacted: 1.0k

what the company does: salesforce offers cloud software for sales, service, marketing, and enterprise automation.

what happened: the company restructured overlapping teams following its recent acquisitions and ongoing shift toward ai-driven crm tools.

realme layoffs

industry: consumer electronics
roles impacted: undisclosed

what the company does: realme produces smartphones and aiot devices targeted at emerging markets.

what happened: market slowdowns in mid-range phone segments drove cost adjustments in sales and distribution.

riot games layoffs

industry: gaming (league of legends, valorant)
roles impacted: 80

what the company does: riot games develops global esports titles and multimedia content around its gaming franchises.

what happened: the company cut staff tied to experimental projects as it shifts investment toward proven franchises and esports initiatives.

hgs layoffs

industry: technology outsourcing & support
roles impacted: 100

what the company does: hgs provides customer experience outsourcing, automation services, and business support operations.

what happened: layoffs occurred after contract reductions in certain client accounts.

february 10, 2026

ocado layoffs

industry: online grocery
roles impacted: 1.0k

what the company does: ocado provides automated grocery fulfillment and serves as a technology provider for global grocers.

what happened: cuts were part of a cost-cutting initiative following slower-than-expected international licensing revenue.

salesloft layoffs

industry: sales engagement
roles impacted: undisclosed

what the company does: salesloft builds automation tools for outbound sales teams.

what happened: reductions occurred after product consolidation following its merger activity.

power integrations layoffs

industry: semiconductor power solutions
roles impacted: 60 (7%)

what the company does: power integrations makes power conversion chips used across appliances, electronics, and industrial equipment.

february 11, 2026

ams osram layoffs

industry: technology / semiconductors
roles impacted: 2.0k

what the company does: ams osram manufactures optical sensors and lighting components for automotive, consumer, and industrial partners.

what happened: the company announced significant cuts after 2025 financial losses and declining demand in its automotive segment.

palo alto networks layoffs

industry: cybersecurity
roles impacted: undisclosed

what the company does: palo alto networks develops firewall, cloud security, and threat-prevention solutions for enterprises.

what happened: the cuts were tied to ongoing restructuring around partner sales and legacy product lines.

cycurion layoffs

industry: technology
roles impacted: undisclosed

what the company does: cycurion provides cybersecurity and digital defense tools for enterprises.

what happened: layoffs followed contract changes in the government and defense sector.

fi layoffs

industry: technology
roles impacted: undisclosed

what the company does: fi works in consumer tech products including connected pet devices.

what happened: restructuring impacted operational teams as the company refocused on core hardware products.

xai layoffs

industry: artificial intelligence research
roles impacted: undisclosed

what the company does: xai develops generative ai systems and foundational research models.

what happened: the company trimmed teams working on non-critical initiatives as part of a shift toward commercial deployments.

wildlight entertainment layoffs

industry: gaming & entertainment
roles impacted: undisclosed

what the company does: wildlight is a gaming studio formed by veteran developers, focused on new multiplayer titles.

what happened: the studio reduced staff as development timelines were adjusted following publisher feedback.

february 12, 2026

astrion layoffs

industry: technology / defense
roles impacted: 61

what the company does: astrion provides aerospace and defense engineering services.

what happened: layoffs were tied to contract decisions within defense procurement, impacting teams in r&d and field operations.

clari layoffs

industry: revenue operations
roles impacted: 76

what the company does: clari builds revenue intelligence tools for b2b sales organizations.

what happened: reductions followed the salesloft merger, with overlapping sales and support roles affected.

glossier layoffs

industry: beauty & direct-to-consumer retail
roles impacted: 50

what the company does: glossier is a d2c beauty brand with skincare and makeup products.

what happened: the company downsized retail support and operations after reprioritizing wholesale distribution.

hinterland layoffs

industry: gaming
roles impacted: 10

what the company does: hinterland develops narrative-driven survival games including the long dark.

what happened: layoffs followed updates to the long dark release schedule, leading to adjustments in production staffing.

netflix layoffs

industry: streaming tv & movies
roles impacted: 50

what the company does: netflix produces and distributes global streaming content across tv, film, and animation.

what happened: reductions occurred inside the product division as the company refocused on bundled interactive content.

february 13, 2026

startup nation central layoffs

industry: technology
roles impacted: 65 (81%)

what the company does: startup nation central is an innovation-mapping organization that connects global companies with israeli tech startups.

what happened: the organization cut most of its staff after a major restructuring tied to funding and program realignment.

binance layoffs

industry: cryptocurrency exchange
roles impacted: 5

what the company does: binance is one of the world’s largest platforms for digital asset trading.

what happened: binance dismissed investigators tied to internal compliance disputes involving alleged sanctions-related findings.

10 chambers layoffs

industry: gaming
roles impacted: undisclosed

what the company does: 10 chambers is a stockholm-based studio known for gtfo and cooperative game development.

what happened: the studio adjusted its team structure as it shifted focus toward its next flagship title.

ltk layoffs

industry: influencer marketing & creator tools
roles impacted: undisclosed

what the company does: ltk helps creators monetize content through affiliate-driven product recommendations.

what happened: layoffs came as the company rebalanced operations following slower retail spending cycles.

zupee layoffs

industry: quiz & skill gaming apps
roles impacted: 200 (36%)

what the company does: zupee builds mobile quiz and skill-based gaming apps widely used across india.

what happened: regulatory shifts and lower user acquisition efficiency triggered a major restructuring, impacting product and operations teams.

zillow layoffs

industry: real-estate marketplace
roles impacted: 200 (2%)

what the company does: zillow operates one of the largest real-estate search platforms in the u.s., offering listings, pricing tools, and housing insights.

what happened: the company removed layers around sales and partner services to streamline workflows between agents and buyers.

what these february layoffs really show (six patterns shaping the mid-q1 2026 job market)

the february layoff data shows a broader, more distributed shift than january. instead of one dominant industry driving cuts, reductions appeared across semiconductors, enterprise software, gaming, crypto, and online marketplaces. the scale varied, but the signals are consistent and point to where companies are redirecting budgets and resetting priorities.

1. semiconductor and hardware firms are undergoing major resets

ams osram’s layoffs, the largest confirmed reduction of the month, set the tone. western digital and power integrations also made strategic cuts tied to slower device refresh cycles, prolonged sales funnels, and pressure to optimize manufacturing costs. this category produced the biggest headcount changes of february, signaling a wider efficiency phase across hardware.

2. enterprise software is trimming revenue, gtm, and ops layers

salesforce, block, workday, oracle, smartsheet, palo alto networks, and cycurion made targeted reductions across sales, support, and revops. these cuts weren’t collapse-level events but margin-driven adjustments while companies redirect investment toward automation and ai-led workflows. the common thread is a move to leaner post-sale teams and more efficient revenue engines.

3. gaming studios continue to recalibrate after years of overproduction

riot games, hinterland, 10 chambers, and wildlight entertainment all made february adjustments. many studios are still correcting for aggressive hiring during 2020–2022 and trimming projects that carry long development timelines or uncertain monetization. smaller narrative and concept teams saw the steepest changes.

4. crypto, exchanges, and fintech operations remain volatile

binance, gemini, remitly, and several blockchain-adjacent firms continued trimming specialized roles. the cuts were small in number but high in signal: compliance, risk, and operational layers continue to shift as margins tighten and regulatory overhead rises. the pattern is ongoing, not new, but february reaffirmed it.

5. marketplaces and consumer platforms are right-sizing

expedia, traveloka, pinterest, and ltk made adjustments largely tied to seasonal demand resets and cost efficiency cycles. customer support, content moderation, and partner-facing teams experienced the most changes. these moves reflect a stable trend: marketplaces are no longer staffed at 2021–2022 peak levels.

6. ai labs and research-heavy teams are narrowing focus

xai, fi, cycurion, and a handful of stealth ai teams made cuts focused on research, infra ops, or experimental product groups. this is not a retreat from ai investment — it’s the opposite. companies are concentrating resources on fewer, more commercially viable models rather than exploratory bets.

FAQ

which companies laid off employees in february 2026?

dozens of firms across gaming, cybersecurity, enterprise software, e-commerce, semiconductors, creator platforms, fintech, and ai research confirmed layoffs in february. major names included ams osram, block, salesforce, riot games, traveloka, workday, expedia, gemini, and several early-stage tech companies. the full list is updated daily on the interviewpal layoff tracker and includes every company with verified reductions.

what industries were hit the hardest this month?

semiconductors, enterprise software, gaming studios, crypto exchanges, and online marketplaces saw the steepest concentration of cuts. hardware and chip manufacturers trimmed large operational teams, while gaming companies scaled back experimental projects. fintech and payments firms also continued targeted reductions as customer acquisition and regulatory costs rose. creator-economy platforms and travel marketplaces experienced smaller but notable shifts, mostly in operations and support roles.

were february layoffs worse than january?

not in total volume, but the composition was different. january was driven by large structural cuts in telecom and cloud businesses, whereas february saw broader reductions spread across more industries. the standout event was the 2,000-person cut at ams osram, making semiconductors the most impacted category. outside of that, most layoffs were mid-sized and connected to ongoing restructurings rather than sudden downturns.

what roles were most affected in february?

operations, customer support, partner success, sales, and mid-level management roles saw the highest exposure. technical roles connected to hardware engineering, semiconductor production, gaming content, and ai research were also trimmed. revenue operations roles were affected at clari and salesloft following post-merger consolidation. software engineers remained relatively insulated except in gaming and ai labs where priority shifts led to team resets.

why are layoffs continuing into february 2026?

many companies finalized their 2026 budgets in january and then executed the second phase of restructuring in february. as interest rates remain high and margins tighten, firms continue to prioritize efficiency, shift toward ai automation, and consolidate overlapping teams from past acquisitions. in sectors like crypto, semiconductors, and enterprise software, strategic pivots are driving headcount adjustments rather than financial distress.

are more layoffs expected in march and q2 2026?

early indicators suggest that targeted trimming will continue into march, especially in gaming, ecommerce operations, enterprise saas, and silicon manufacturing. however, broad mass layoffs like those seen in 2022-2023 are not expected unless macro conditions change sharply. most companies appear to be tightening rather than collapsing, focusing on restructuring rather than sweeping workforce reductions.

which february layoffs were the largest?

the most significant reductions came from ams osram (2.0k roles), block (1.1k roles), salesforce (1.0k roles), ocado (1.0k roles), traveloka-adjacent operations, and several mid-sized software firms trimming 50–100 roles. crypto and ai companies also reported smaller, highly targeted cuts.

where can i track layoffs in real time?

the interviewpal layoff tracker updates every confirmed layoff across industries, includes company-level pages with role impacts, and provides historical trend data to help job seekers understand market conditions. the tracker also offers context around which functions were affected, why cuts occurred, and how each company is repositioning for 2026.