Welcome to Titan’s Take, our POV on the latest.
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Tech layoffs are making headlines again. Oracle: 30,000. Amazon: up to 19,000. Meta: 8,000 starting May 20. Block: 40% of staff. As of this week, roughly 114,000 tech workers have been laid off in 2026, about 900 persons a day (Source: Skillsyncer).
The first-order read is obvious: AI is eating jobs, and this is just the beginning.
Put on a different hat for a second.
What the Economist sees
Economists look at a couple of big things.
1) Unemployment insurance. Unemployment insurance claims are hovering near multi-year lows, around 200–210K, with continuing claims at two-year lows (Chart below).
2) The government's jobs report. It is out today and is expected to show back-to-back monthly payroll increases for the first time in over a year (Dow Jones estimates +53,000).
3) New business formation. It is running more than 50% above pre-pandemic levels. |
Unemployment Insurance Claims |
These three data sets don't fit the narrative of mass displacement. What they describe is something more specific: large tech companies shrinking while smaller, leaner businesses absorb the talent and then some. The jobs aren't disappearing. They're moving.
If you’ve gotten laid off
This is a stressful time, and the financial side doesn't make it easier. A few things worth knowing quickly:
Unvested shares are typically forfeited on your last day. Options typically come with a 90-day exercise window that started the day you were let go, and that clock is already running. Concentrated stock positions rarely come with a tax plan attached, which matters more than most people realize.
We've been helping a lot of people navigate exactly this across Big Tech, so reach out if you'd like a hand. And while the headlines feel heavy right now, the data suggests you'll land on your feet sooner than you expect.
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A note from Giovanni Tiso, CFP®, Lead Financial Planner at Titan:
"If you've been laid off recently, or you know someone who has, there are a few things worth getting in place quickly. Exercise windows, equity elections, emergency fund positioning. The headlines describe a difficult moment. The planning determines what comes next. We offer a complimentary session to work through exactly this. We know this is a hard moment. We're here for you." |
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As of the time of publishing, Amazon (AMZN) and Meta Platforms, Inc. (META) are holdings in Titan’s Flagship strategy.
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