business / news / / The Economic Times
Over 93,000 roles cut across 106 companies in the first five months of 2026.
Freshworks is laying off 11% of its global workforce due to increased AI adoption.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →