Tech Layoffs Surge Globally: Job Cuts Across Sector Cross Over 80,000 in Q1 As Tech Giants Shift Toward AI Infrastructure
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. 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.