Global tech layoffs are accelerating in 2026, with over 80,000 jobs already cut in the first quarter and total losses projected to exceed 3 lakh this year, according to a report by TradingPlatforms.
The latest wave builds on a broader post-pandemic correction, with more than one million tech jobs lost worldwide since 2021 as companies recalibrate hiring after the Covid-era expansion.
Artificial intelligence and automation are emerging as key drivers of this shift, with nearly half of all layoffs in 2026 linked to AI-led restructuring. Companies are increasingly reorganising operations to prioritise AI investments and improve efficiency. The US remains the worst-hit market, accounting for nearly 77 per cent of global layoffs so far this year, with over 61,000 job cuts across 62 companies.
Among major firms, Oracle has reported the highest layoffs in 2026, cutting more than 25,000 roles as part of a restructuring tied to its AI infrastructure push. Amazon follows with around 16,000 job cuts, while Meta has eliminated about 2,400 roles.
Outside the US, layoffs have been more scattered. Australia has recorded about 4,450 job cuts, while parts of Europe, including Austria, Sweden and the Netherlands, have seen reductions linked to pressures in semiconductor manufacturing, telecom and IT services. In Asia, India has reported over 2,000 layoffs, followed by Israel and Singapore. Sector-wise, cloud, computing and SaaS firms account for the highest job losses, followed by e-commerce. The report notes many layoffs are pre-emptive cost-cutting measures to fund AI expansion rather than direct job replacement by automation.
Source – https://www.thehansindia.com/amp/business/over-1-million-tech-jobs-lost-globally-since-2021-1066764