{"data":{"prismicArticle":{"uid":"global-tech-layoffs-may-cross-3-lakh-in-2026","tags":["politics"],"first_publication_date":"2026-04-17T10:23:26+0000","last_publication_date":"2026-04-21T14:07:10+0000","data":{"third_party_url":null,"title":{"text":"Global tech layoffs may cross 3 lakh in 2026"},"rating":null,"datetime":"2026-04-17T09:18:00+0000","img":{"url":"https://images.prismic.io/prad/2b65c202-4199-4725-b2e4-4b6b1347b310_layoff.jpg?auto=format,compress"},"embed":{"embed_url":null,"thumbnail_url":null,"author_url":null,"title":null},"content":{"raw":[{"text":"Global tech layoffs are accelerating in 2026, with more than 80,000 jobs already cut in the first quarter and total losses likely to exceed 3 lakh this year, led by companies like Oracle, Amazon, and Meta, according to a report. "},{"text":"The report by TradingPlatforms noted that the latest wave of layoffs builds on a broader post-pandemic correction, with over one million tech jobs lost globally since 2021 as companies recalibrate hiring after the Covid-era expansion."},{"text":"Artificial intelligence and automation have emerged as key drivers of this transformation, with nearly half of all layoffs in 2026 linked to AI-related restructuring."},{"text":"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."},{"text":"Among companies, Oracle has reported the highest number of layoffs globally in 2026, cutting more than 25,000 roles as part of a major restructuring tied to its AI infrastructure push."},{"text":"Amazon followed with around 16,000 job cuts amid efforts to streamline operations and improve efficiency. The parent of major social media platforms, Meta, eliminated approximately 2,400 roles."},{"text":"Moreover, layoffs outside the US have been more fragmented."},{"text":"Australia recorded around 4,450 job cuts, while in Europe, countries such as Austria, Sweden, and the Netherlands saw significant reductions linked to pressures in semiconductor manufacturing, telecom and IT services."},{"text":"In Asia, India reported over 2,000 layoffs, followed by Israel and Singapore, with cuts spanning AI startups, e-commerce platforms, and cybersecurity firms."},{"text":"Sector-wise, cloud, computing and software-as-a-service (SaaS) companies accounted for the highest number of layoffs at around 28,000, followed by e-commerce firms with nearly 19,000 job cuts."},{"text":"The report highlighted that companies are increasingly restructuring operations to prioritise AI investments, streamline costs and improve efficiency, even as many continue to report strong financial performance."},{"text":"\"AI is no longer just a future investment but a current driver of organisational restructuring and workforce decisions,\" the report noted."},{"text":"However, the analysis suggested that many layoffs are pre-emptive cost-cutting measures aimed at funding AI infrastructure, rather than a direct result of automation replacing jobs at scale."}]}}},"relatedArticles":{"edges":[{"node":{"uid":"jagans-parliament-game-plan","data":{"third_party_url":null,"title":{"text":"Jagan's Parliament Game Plan"},"img":{"url":"https://images.prismic.io/prad/810d1863-6597-42fe-a381-561dedc41fcd_Jagan+Padayatra.JPG?auto=format,compress"},"datetime":"2026-07-16T12:39:00+0000"}}},{"node":{"uid":"brs-mlcs-son-allegedly-caught-consuming-drugs","data":{"third_party_url":null,"title":{"text":"BRS MLC’s son allegedly caught consuming 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