Global Tech Layoffs Cross 128,000 in 2026, With Indian Offices Hit Too

More than 128,500 technology employees have lost their jobs worldwide so far this year, already exceeding the total for all of 2025, according to data from the tracking platform Layoffs.fyi as reported by Business Standard.

The tracker counted 128,536 employees laid off across 299 companies between 1 January and 10 September 2026. That compares with 122,606 job cuts across 278 companies during the whole of 2025.

September Alone Saw 6,300 Cuts

More than 6,300 technology jobs were eliminated in just the first ten days of September, with Uber, PayPal, Apple, Zomato and Oracle among the companies involved.

Uber announced the largest single reduction, cutting about 3,300 corporate roles — roughly 10% of its workforce, and its biggest round of cuts since the pandemic.

Indian Employees Affected

PayPal reportedly laid off about 4% of its India workforce, with nearly 220 employees affected across Chennai, Bengaluru and Hyderabad. The cuts spanned technology, engineering, operations, payments and finance teams, according to NewsX.

Zomato and Apple were each reported to have cut around 250 jobs.

The Biggest Cuts of the Year

Oracle leads the 2026 list with 21,000 employees affected. Amazon’s total includes a 16,000-job reduction announced in January, with Layoffs.fyi recording five separate layoff events at the company this year. Dell announced 11,000 cuts in March, and Meta carried out several rounds including an 8,000-job reduction in May.

What Is Driving It

Reporting attributes the cuts to a mix of factors: slower revenue growth, margin pressure, correction of pandemic-era over-hiring, and the reallocation of spending towards artificial intelligence and cloud infrastructure.

The pattern differs from earlier layoff waves. Fewer companies are cutting, but each is cutting deeper — 299 companies this year against 1,194 in 2023.

Sources: Business Standard, NewsX, Layoffs.fyi