Tech Layoffs Spike Late August
Tech layoffs rose sharply in the week of August 28–September 3, with major cuts at Krutrim, Exelixis, Bank of Queensland, Voice of America, and Ford signaling renewed turbulence.
A Sharp Turn in Layoffs
The week of August 28 to September 3 brought a notable uptick in tech job cuts, pushing 2025’s total past alarmingly fast. Layoffs.fyi records over 81,000 tech employees affected this year, with a marked acceleration in late August and early September. The latest cuts underscore tech’s continuing volatility—even as momentum seemed to slow earlier in the summer.
Location-Based Turbulence
Global cuts began with an unexpected move from Bank of Queensland, where 200+ jobs were outsourced early in September—fewer tech jobs but all too relevant in the employment reshuffle. Simultaneously, Mobile Premier League slashed 60% of its jobs, driven by a government crackdown on real-money gaming in India. The Voice of America and its parent agency also announced over 500 layoffs—a blow to media-adjacent tech support even within federal institutions.
Sector-Specific Shocks
In the biotech arena, Exelixis laid off 130 employees, shuttering its Pennsylvania facility and halting operations at the Alameda, California HQ. On the AI front, Kruptrim—an Ola AI subsidiary—laid off approximately 50 linguistics team members, including leadership roles, as part of its third round of reductions since June. These sectoral impacts signal that structural shifts in AI and healthcare technology are causing far-reaching employment ripples.
The Layoff Landscape Ahead
This week’s layoffs bring 2025’s tech job reductions into sharper focus: even sectors previously deemed stable—public broadcasters, fintech, AI linguistics, and biotech—are not immune. For job seekers, that means shifting your lens toward resiliency: disciplines like infrastructure, healthcare tech, and enterprise platforms may outlast hype cycles. Employers, meanwhile, must balance cost controls with clear communication—layoffs erode trust fast, especially when they extend into mission-critical operations.
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