🚀 Business & Startups🌐 Global
Tech Industry Has Already Cut Over 1 Lakh Jobs in 2026, and AI Is the Reason
mint - companies·Tuesday, 30 June 2026
The global tech industry has shed over 1 lakh (100,000) jobs in the first half of 2026, with companies like Cloudflare, Cisco, and LinkedIn among those reducing headcount. The cuts are being driven by AI and automation taking over functions that humans previously filled.
Why It Matters
India is one of the world's largest suppliers of tech talent — mass layoffs at global tech firms directly hit Indian engineers and IT professionals, both abroad and at home through reduced hiring.
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