Layoff looms as Tech industry sheds over 1 lakh jobs in first half of 2026 amid AI-led cost cuts
The wave of layoffs that has hit the tech industry over the past two years is still continuing. In 2026 alone, more than one lakh technology jobs have already been cut, making it another difficult year for workers across the global tech sector.
Companies such as Microsoft, Intel, Cisco, PayPal, and Cloudflare are reducing their workforce while simultaneously investing heavily in artificial intelligence, automation, and data centre expansion.
