New Delhi, May 21 -- Due to ongoing geopolitical tensions, rising inflation, and the escalation in oil and commodity prices stemming from the US-Israel war on Iran, coupled with the wave of artificial intelligence and upcoming tools boosting efficiency, the global tech industry is witnessing accelerated restructuring, job cuts, removals and layoffs.

In this environment, primarily to conserve their finances, prominent firms such as Meta, Intuit, and PayPal have recently announced significant job cuts. This has added to a growing wave of workforce reductions in 2026.

Furthermore, according to the recent data compiled by TrueUp Tech Layoffs Tracker, in 2026, there have been 142,303 tech employees impacted across 331 layoffs, averaging abou...