Twitter layoffs part of massive cuts in tech

Tech companies in the San Francisco Bay Area that have announced layoffs in 2016. Tech companies in the San Francisco Bay Area that have announced layoffs in 2016. Photo: Getty Images Photo: Getty Images Image 1 of / 35 Caption Close Twitter layoffs part of massive cuts in tech 1 / 35 Back to Gallery

The tech layoffs continue to mount in 2016, as San Francisco's Twitter is set to announce this week that it's laying off roughly 300 people.

It comes on the heels of thousands of other tech industry cuts in 2016. Intel, IBM and Cisco are a few of the giant corporations that have let people go but many startups have also contributed to the thousands of pink slips doled out this year in San Francisco and Silicon Valley.

And there may be much more to come, with some predicting many more companies with layoffs this year. Industry analyst Trip Chowdhry of Global Equities Research has told Reuters he sees "more pain to come," upping his estimate of tech job cuts this year to 370,000.

Check out some of the biggest Silicon Valley cuts in 2016 in the slideshow above.