India, Aug. 6 -- More than 40 companies have announced job cuts in 2026 so far. These layoffs are happening across many industries, including technology, media, finance, retail, healthcare, manufacturing, and consumer businesses. The layoffs show that companies are continuing the cost-cutting trend that started over the past few years.

Many companies say they are trying to reduce expenses, improve profits, and make their businesses more efficient. Some companies are also changing their business plans by focusing on artificial intelligence (AI), automation, and new technologies. AI has become one of the biggest reasons behind job cuts at several companies this year.

Companies including Block, Coinbase, and Standard Chartered have said th...