At the beginning of the year 2026, the situation of the tech industry has changed a lot as compared to previous years. Now this matter is not limited to layoffs only. Now companies are going through a phase of complete ‘re-structuring’. Today, big companies around the world are deducting a large part of their budget from employee salaries and investing in new technology, especially Artificial Intelligence (AI). According to the latest reports, in the first two months of 2026, the number of layoffs in the tech sector has increased by more than 50% compared to the same gap last year. For companies, more importance is now being given to ‘work-efficiency’ and technical capabilities than the number of ‘workforce’.
According to the latest reports and data from ‘Challenger, Gray & Christmas’, more than 33,000 tech workers across the world have been laid off in the first 60 days of 2026. This figure is quite scary compared to the initial period of 2025.
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Amazon announced the elimination of about 16,000 positions earlier this year, while big cloud companies like Oracle are considering cutting up to 30,000 employees. The surprising thing is that about 20% of this year’s layoffs are directly related to the use of automation and AI. Companies are now eliminating roles that machines can easily perform.
Latest report of Goldman Sachs and IMF
Goldman Sachs’ latest report for 2026 warns that this period of layoffs due to AI will last much longer. According to the report, companies are now focusing on ‘cost control’ instead of ‘growth’. They are reducing positions with old skills and investing that money in AI data centers and advanced computing. On the other hand, IMF has estimated global growth for 2026 at 3.3%. On one hand, there is huge investment in AI, while on the other hand, jobs in traditional coding and administrative roles are disappearing rapidly.
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What does 2026 mean for India?
Amidst this turmoil at the global level, there is some relief news for India. According to Adecco and other manpower reports, while jobs are decreasing in America and Europe, companies like Google, Amazon and Microsoft are shifting their work to countries like India.
India’s tech job market is expected to grow by 12-15% in 2026. However, there is a catch here too. Now jobs are available only to those who have ‘next-gen’ skills like AI, cloud computing and cyber security. Now there is less space in companies for old tasks like simple software development or testing.
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