2 hrs ago
Tech Companies Cut Over 6,300 Jobs Within Days
Many technology companies are laying off workers in 2026.
The report says nearly 130,000 tech employees have lost their jobs this year.
More than 6,300 jobs disappeared in only 10 days.
PayPal cut 220 jobs in India.
Uber plans to remove about 3,300 jobs around the world.
Zomato and Apple also reduced close to 250 jobs, while Oracle may cut thousands more.
Companies say they are changing how they work and investing more in artificial intelligence, cloud computing, and automation.
These changes can make some jobs unnecessary, while companies also want to lower costs and improve profits.
Nearly 130,000 employees have reportedly been laid off across the tech industry in 2026.
More than 6,300 jobs were eliminated within a 10-day period, according to the report.
PayPal cut 220 jobs, representing 4% of its Indian workforce, across Chennai, Bangalore, and Hyderabad.
Uber announced plans to eliminate about 3,300 jobs, or 10% of its global workforce.
AI adoption, automation, cost-cutting, slower growth, post-pandemic over-hiring, and restructuring are cited as key reasons for the layoffs.
- Who
- Technology companies including Uber, PayPal, Apple, Zomato, Oracle, Amazon, and Meta, along with their employees.
- What
- Companies have announced or carried out workforce reductions totaling more than 6,300 jobs in about 10 days.
- Where
- The layoffs affect workers globally, including PayPal employees in Chennai, Bangalore, and Hyderabad in India.
- When
- In 2026, with more than 6,300 jobs reportedly eliminated within 10 days.
- Why
- Companies are restructuring, cutting costs, investing in AI and automation, responding to slower growth, and seeking greater efficiency and profitability.
Key facts
- Reported 2026 layoffs
- Nearly 130,000 tech employees
- Jobs lost in 10 days
- More than 6,300
- PayPal cuts
- 220 jobs, or 4% of its Indian workforce
- PayPal locations
- Chennai, Bangalore, and Hyderabad
- Uber cuts
- About 3,300 jobs, or 10% of its global workforce
- Other reported cuts
- Zomato and Apple reduced close to 250 jobs
- Potential Oracle cuts
- An expected 7,000 to 8,000 employees globally
Sources
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