How Massive Is The Layoff Quotient In 2026? From Meta To Oracle, India's Tech Jobs Hit Over A Lakh As AI Reshapes The Workforce
India, June 2 -- Scale, Trends & Impact- India's tech job market in 2026 is going through this sort of structural recalibration, not a plain downturn as people might say. Across the $250+ billion (Rs.20.8 lakh crore+) IT services industry and the fast-changing startup ecosystem, workforce reductions are showing up more and more clearly. It's not just one reason either, it's the way global macroeconomic uncertainty is mixing with aggressive corporate restructuring and then on top of that, the adoption of AI-led automation across "core" operations is speeding up. What makes this phase different isn't only the size of the layoffs, it's also what kinds of roles are being squeezed or redesigned. Routine work, entry-level tracks, and those proc...
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