India, May 15 -- Just over five months into 2026, the global technology sector has already witnessed the loss of 108,724 jobs, with major companies continuing workforce reductions as artificial intelligence-driven restructuring reshapes the industry.

The latest round of layoffs includes 4,000 job cuts at Cisco, alongside significant reductions at PayPal and Cloudflare.

Industry analysts say the rapid adoption of artificial intelligence remains one of the key drivers behind the ongoing wave of job losses, as companies redirect investments toward automation, AI infrastructure, and high-growth technology segments.

Cisco recently confirmed that it will reduce its workforce by nearly 4,000 employees, citing a strategic shift toward AI-focus...