We built layoffhedge.com and $LAYOFF to keep tabs on every major layoff in 2026. To hold companies that are firing Americans while hiring foreign labor accountable. We truly believe we are seeing the largest shift in labor since the Industrial Revolution, and we want to be your trusted source to track the entire journey. The good. The bad. The data. The numbers right now: 415,000 people have lost their jobs in 2026 147 companies 3,100 jobs cut per day Every sector. Tech, finance, healthcare, retail, auto, media, telecom, manufacturing. Nobody is safe. We didn't set out to build a movement. But it turns out when you document what's actually happening to working people in this country, people pay attention. 41,000 of you followed in 10 weeks. 35 million impressions. Because this isn't a niche story. This is your coworker. Your neighbor. Your friend who just posted on LinkedIn about "new beginnings" after 12 years at the same company. CEOs are announcing thousands of cuts on earnings calls and the stock goes up the same day. They call it restructuring. They call it efficiency. Then they file for thousands of H-1B visas and ship the work overseas. We don't just track layoffs. We investigate them. We built an H-1B research tool with nearly 7 million DOL filings so you can see exactly which companies are cutting Americans and replacing them with cheaper foreign labor. We cross-reference the layoff data with visa applications, expose offshoring patterns, and publish the receipts. Our visa fraud investigation series has documented how the system is being exploited at scale. We name the companies. We show the filings. We let the data speak. We track it all at layoffhedge.com. Every company page has editorial context, source links, workforce percentages, and attribution tags. We categorize why the cuts happened: AI-driven, restructuring, cost cuts, mergers, weak demand. Updated live, in real time, completely free. $LAYOFF is the token behind the movement. It exists because this story isn't going away. Every week brings another round of cuts, another CEO proving that Wall Street rewards replacing people. The narrative is the economy itself. This is not a crypto movement. This is a people movement that happens to have a token.

LAID OFF BY META. THEN DETAINED BY ICE. Per Wired, an employee cut in the May layoffs was detained by ICE almost immediately. Coworkers flagged it internally. No response. Meta declined to comment. No details on the visa type. So why were they employed in the first place? It's worth adding context on Meta's Pro-ICE stance as Zuck has tried to cozy up to this administration. Meta has spent the past year making itself useful to the immigration crackdown. In late January it started blocking links to the ICE List, a site that names roughly 4,500 federal agents and DHS staff using records mostly scraped from public pages like LinkedIn. Months before that, at the Justice Department's request, it took down ICE Sighting-Chicagoland, an 80,000-member group people used to warn each other when agents were nearby. Meta said the group broke its rules on coordinated harm. The company's hardware is in the field too. ICE and Border Patrol agents have been spotted wearing Ray-Ban Meta glasses in at least six states, and were filmed using them on protesters in Evanston, Illinois, recording lights on. DHS has said it wants facial recognition built into glasses like these, though there's no confirmation agents have run live face scans yet. Around the same stretch, ICE ran stops near Meta's own data center construction site in Louisiana and detained workers headed to the job. And when DHS goes looking for the people behind anonymous accounts that track ICE raids, Meta forwards the subpoena and gives the user about ten days to fight it. Will be interesting to learn more on this one.

LINKEDIN GOT FEDERAL SIGN-OFF FOR UP TO 3,812 VISA POSITIONS IN ONE QUARTER WHILE LAYING OFF AMERICANS. Top worksite on the visa filings: Sunnyvale, 198. Cut in Sunnyvale July 13: 59. Same offices. Different story. LinkedIn is wholly owned by Microsoft.

FABLE 5 & MYTHOS TO BE DISABLED WORLDWIDE EFFECTIVE IMMEDITELY US gov export controls force Anthropic to disable Fable 5 & Mythos 5 for everyone worldwide. "This is a misunderstanding," they say. So... is AGI here?

LAYOFF ALERT: JBS FOODS 🚨 Major Pennsylvania beef plant closing after 18 years. 1,485 jobs gone. No AI or foreign labor to blame here. Apparently this is due to a severe US cattle shortage. Herds sit at a 75 year low, and American workers are now starting to pay for it.

ORACLE STOCK $ORCL DOWN 17% THIS WEEK AFTER ASKING WALL STREET FOR $40 BILLION MORE. The quarter looked perfect on paper. Revenue up 21%. A $638 billion backlog. Then the footnotes: Oracle spent $55.7 billion on data centers, ran free cash flow of negative $23.7 billion, had already raised $48 billion, and still needs $40 billion more. The bill for the AI buildout keeps landing on someone else. Cost savings of 30,000 employees being laid off only covered about six weeks of it. Tennessee taxpayers covered 38 hours (see below). Oracle is in full “build it and they will come” mode on AI cloud infrastructure. Cloud infrastructure revenue grew 93% in Q4. The enormous backlog reflects real customer demand and prepayments for capacity. But Wall Street is clearly questioning whether the investment pace and funding needs are sustainable in the near term. The stock is still up ~25% since the March 31 layoff announcements.

THE DEGREE PREMIUM FOR YOUNG MEN IS GONE US men 22-27 with a college degree are now unemployed at the same rate as men who never went. Both now sit at 7%

UBISOFT PUT LAYOFF NEWS UNDER A PRESS EMBARGO This story is strange. Ubisoft treated news of 380 job cuts like a game reveal. The publisher behind Assassin’s Creed, Far Cry, Rainbow Six, and Just Dance did something unusual this week: it put layoff news under a formal press embargo. Embargoes are normal in gaming when a publisher wants outlets to publish at the same time (usually for trailers or reviews). This week, that system was used for job cuts affecting around 380 roles. Ubisoft closed its studios in Winnipeg, Canada and Belgrade, Serbia, and made additional cuts at its Barcelona studio, which is being restructured to focus on Rainbow Six. Multiple outlets published the news at exactly the same time — 6pm BST — after receiving the information from Ubisoft under embargo. Two details stand out. According to Aftermath, some reporters say Ubisoft didn’t clearly explain what the embargo was about before they agreed to it. They were only told the company would “announce something soon.” Additionally, when Insider Gaming reported the news independently, Ubisoft contacted them about breaking an embargo they had never agreed to. Tom Henderson (Insider Gaming) said: “Personally, I think as an industry, we’re running into quite dangerous ground when we start abiding by embargoes about layoffs, but even more so when we publish the info like we learned it from sources rather than the company itself.” Ubisoft’s stated reason was that staff in Belgrade were still being informed. If that was the priority, the company could have waited until employees were notified before briefing the press with a synchronized publish time — and then pressuring outlets that didn’t participate. This is very different from normal practice. When similar news broke about Xbox yesterday, Bloomberg reported it first and the company responded afterward.

BLOODBATH AT SERVICENOW? 🚨 We have confirmed 63 laid off in San Diego, but this LinkedIn post claims it is much larger. Here is what the data says: The 63-person San Diego WARN notice, effective Aug 17, is the only cut on public record. No SEC filing. No company-wide layoff announcement. The quiet cuts are real, though. ServiceNow gutted its entire Quality Engineering team on April 14, several hundred engineers told to reassign or take the package. Layoff trackers add roughly 600 more across January and February, plus a reported 500 globally in May. Then the CEO laid out the real plan to investors. On the April 22 earnings call, Bill McDermott said ServiceNow will freeze headcount through 2027 by not backfilling anyone who leaves and letting AI cover the work. At 27,000 staff, that is 3,000 to 4,000 roles a year that never come back. The "2,500 in one day" in the post is unverified. But the bigger thing he says is correct: ServiceNow is cutting by the thousands and calling it "restructuring" so it never trips a headline. The 63 in San Diego is just the slice the law forced into the open.

OPINION: OPENDOOR CEO KAZ @nejatian DESERVES PRAISE FOR ONSHORING AND LAYOFF ANNOUCEMENT At the very least, he has a really good PR firm taking notes. But their visa filings back him up too. Tech CEOs spent the past month botching layoff announcements. Cloudflare's CEO @eastdakota cut over 1,000 people and called them "the measurers" in his memo. Chamath's review on All-In: "Shut the fuck up. You suck at this." Webflow's CEO @YayLT announced cuts in a blog post about "the agentic web." Employees found out at 7am when their laptops locked. No email, no meeting. Nothing. GitLab CEO @bstaples announced a 7% cut for the "agentic era" while 80 roles sat open in India on LinkedIn. But yesterday, the Opendoor CEO took a different route. He's closing the India office, about 250 roles, and moving the work to US teams. No dressing it up either: he admits Opendoor will be "much smaller by headcount." So we pulled his filings. Since FY2023: 2 new H-1B approvals total, with LCA filings down 71% from their peak. 20 of 22 approvals were renewals or transfers for workers already here. The onshoring claim holds up. No quiet visa backfill. Cautiously optimistic. Credit where it's due. And now that one CEO has shown you can cut offshore and say it plainly, expect others to run the same playbook. We'll be checking their filings too.

LAYOFF NOTICES GOING OUT FOR 4,500 DOW CHEMICAL EMPLOYEES News first broke in January. Now, those impacted are receiving their termination notices. They are not disclosing per worksite count, but the notices are going out today.

🚨 JOBLESS CLAIMS JUST HIT A 4-MONTH HIGH. The harder number is what happens after the layoff. Median job search: 11.6 weeks, the longest since 2021. Before the pandemic it was 9.4. 27.5% of the unemployed have been out of work 6 months. >>Last seen outside COVID: 2016.

GOVERNOR REYNOLDS COGNIZANT DEAL IN IOWA APPEARS TO HAVE BEEN IN MOTION SINCE 2022 We spent all day yesterday investigating this story further. You are going to want to read this one. layoffhedge.com/iowa-cogniza…