More than 1.16 lakh technology sector employees have lost their jobs globally in the first five months of 2026, according to Layoff.fyi. March saw the highest layoffs, while major companies cited cost reduction, restructuring and AI-driven transformation initiatives
Reports of large-scale layoffs at Oracle have left thousands of employees shocked, with termination emails sent early in the morning. The company is yet to confirm numbers, while affected workers share concerns over sudden job losses and uncertainty
