Global Tech Layoffs Reach 80,000 in First Quarter, Could Top 300,000 in 2026
NEW DELHI — Global technology layoffs are accelerating in 2026, with more than 80,000 jobs already cut in the first quarter and total losses projected to exceed 300,000 by year’s end, according to a new report.
The analysis by TradingPlatforms said the latest wave of job cuts builds on a broader post-pandemic correction, noting that more than one million tech jobs have been lost worldwide since 2021 as companies adjust hiring after rapid expansion during the COVID-era boom.
Artificial intelligence and automation are emerging as major factors behind the restructuring, with nearly half of this year’s layoffs linked to AI-driven changes in business operations.
The United States has been the hardest hit, accounting for about 77 percent of global layoffs so far in 2026, with more than 61,000 job cuts across 62 companies.
Among major firms, Oracle reported the largest number of layoffs, cutting more than 25,000 roles as part of a restructuring tied to its investment in AI infrastructure. Amazon followed with roughly 16,000 job cuts as it moves to streamline operations and improve efficiency, while Meta eliminated about 2,400 positions.
Outside the United States, layoffs have been more dispersed. Australia recorded approximately 4,450 job cuts, while European countries including Austria, Sweden, and the Netherlands saw reductions tied to pressures in semiconductor manufacturing, telecommunications, and IT services.
In Asia, India reported more than 2,000 layoffs, followed by Israel and Singapore, with cuts spanning AI startups, e-commerce platforms, and cybersecurity firms.
By sector, cloud computing and software-as-a-service companies accounted for the largest share of layoffs at around 28,000, followed by e-commerce firms with nearly 19,000 job cuts.
The report said companies are increasingly restructuring to prioritize AI investments, reduce costs, and improve efficiency, even as many continue to report strong financial results.
“AI is no longer just a future investment but a current driver of organisational restructuring and workforce decisions,” the report said.
However, the analysis suggested that many layoffs are preemptive cost-cutting measures aimed at funding AI initiatives, rather than a direct result of automation replacing jobs at scale. (Source: IANS)
