Take it for what it's worth:
- Silicon Valley tech layoffs are surging: 7,295 jobs were cut in Santa Clara and San Mateo counties in the first half of 2026—already within 9% of the total for all of 2025 and on pace for the worst year since 2023.
- Layoffs don’t necessarily signal a recession: Despite heavy cuts, Silicon Valley unemployment was only 3.9% in June. Joint Venture Silicon Valley argues the region remains in an innovation “bo-m,” with pandemic-era overhiring and AI enabling companies to operate with smaller teams.
- Meta accounts for a large share, and the true total may be higher: Meta cut roughly 3,382 local positions. The analysis relies on California WARN notices, which generally capture larger layoffs at larger employers, so researchers say the figures likely undercount actual job losses.
Source:
https://www.paloaltoonline.com/technology/2026/08/11/tech-layoffs-in-2026-already-nearing-2025-total/