# Over 93,000 roles cut across 106 companies in the first five months of 2026.

*business · news · 2026-05-07 · The Economic Times*

## Key points

- Freshworks is laying off 11% of its global workforce due to increased AI adoption.
- Coinbase will restructure into AI-native pods, with some one-person teams using AI tools at scale.
- Oracle laid off about 30,000 globally, including 10,000 in India, mainly in technology functions.
- Meta is planning additional layoffs in late 2026 after cutting 8,000 jobs this month.
- Tech job openings in India fell to 110,000 in April 2026, down 8% from March.

**Companies:** Meta, Coinbase, Freshworks, Oracle
**Countries:** United States, India, Australia

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/over-93000-jobs-cut-in-tech-so-far-in-2026-as-ai-drives-cuts-at-freshworks-coinbase-others/articleshow/130879634.cms)

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