Now Reading: Global tech layoffs cross 1.63 lakh in 2026, AI cited in 91,215
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Global tech layoffs cross 1.63 lakh in 2026, AI cited in 91,215
Global tech layoffs cross 1.63 lakh in 2026, AI cited in 91,215
Global technology companies have announced 1,63,427 layoffs since the start of 2026, with AI cited as a factor in 91,215 of those job cuts, a new report by TradingPlatforms has said. Nearly…
The Story in Brief
Global technology companies have announced 1,63,427 layoffs since the start of 2026, with AI cited as a factor in 91,215 of those job cuts, a new report by TradingPlatforms has said. Nearly 88.6 per cent of enterprise software layoffs this year have been at US-based companies, accounting for 11,792 of the 13,308 jobs cut globally. Oracle has cut 25,254 roles since January, the most among any company.
Cisco cut 4,000 positions, followed by Amdocs with 2,900 and Autodesk with 1,000. In Asia and the Middle East, Israel recorded the highest number of enterprise software layoffs with 660, followed by India and Singapore. Monday.com is cutting about 20 per cent of its workforce, roughly 620 employees. Investors rewarded the companies, with Cisco shares jumping 17 per cent in after-hours trading.
The Indian Opinion
The recurring narrative that AI-driven layoffs are a sign of corporate discipline needs scrutiny. Markets rewarding job cuts as efficiency ignores the human cost and the risk of hollowed-out innovation. The real test will be whether these companies deliver on AI promises, not just cost savings. Watch for product launches that generate revenue, not just buzzwords. Are investors betting on substance or just relief that companies are cutting costs? The answer will shape the next wave of hiring or further consolidation.
Source: hr.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
