Indiablooms: 108,724 tech jobs lost

The global technology sector has lost more than 108,000 jobs in 2026, according to reports published on May 14 and May 15 that tracked continuing cuts across large and midsize companies. Indiablooms reported 108,724 jobs lost so far this year, citing layoffs at Cisco, PayPal and Cloudflare, while Layoffs.fyi showed 110,223 tech employees laid off across 144 companies when its live tracker was opened on May 16. The figures point to a labor market that is still contracting even as companies continue to spend on artificial intelligence. InformationWeek said macroeconomic trends, geopolitical uncertainty and increased AI adoption were among the forces shaping layoffs in 2026, after nearly 245,000 tech jobs were cut in 2025. The pattern is not a simple hiring freeze. Amazon Web Services CEO Matt Garman said on May 1 that Amazon remained on track to bring in more than 11,000 interns and early-career full-time software development engineers globally in 2026, even as the company has carried out layoffs in parts of its corporate workforce. (indiablooms.com) ### Why are the layoff totals different depending on the tracker? (informationweek.com) Indiablooms on May 15 put the 2026 total at 108,724 jobs lost, while Layoffs.fyi showed 110,223 employees laid off when its site was accessed on May 16. The gap appears to reflect timing and methodology: Layoffs.fyi describes its database as a live tracker that is constantly updated, and Indiablooms cited the figure available when it published. (finance.yahoo.com) InformationWeek is also running a separate 2026 tracker focused on significant layoffs at midsize and large technology companies. Its list is organized by month and company announcements, rather than presenting a single headline total in the excerpt available here. ### Which companies are driving the latest round of cuts? Cisco said it would reduce its workforce by fewer than 4,000 jobs, representing less than 5% of its employee base, as part of changes tied to its fourth quarter. (indiablooms.com) Indiablooms said the latest round also included reductions at PayPal and Cloudflare, and cited Layoffs.fyi figures showing 4,760 jobs cut at PayPal and 1,100 at Cloudflare. (informationweek.com) InformationWeek said Cisco’s move was among the biggest layoffs recorded in May 2026. The publication also said Meta began the year with about 1,500 job cuts in its Reality Labs division after major reductions at Intel, Microsoft, Amazon and Salesforce in 2025. ### What are companies saying about AI’s role? Cisco said in a company blog post that “the companies that will win in the AI era” would keep shifting investment toward areas with stronger demand and long-term value creation. (indiablooms.com) The company said it was reducing roles in some areas while making investments in silicon, optics, security and employees’ use of AI. (informationweek.com) InformationWeek said AI was expected to be a significant cause of layoffs in 2026 and cited a Resume.org survey in which 44% of 1,000 U.S. hiring managers said AI would be a top driver of layoffs. The publication also said 55% of those hiring managers expected layoffs this year. ### If companies are cutting jobs, why is Amazon still hiring engineers? Matt Garman said on May 1 that Amazon was “hiring just as many software developers as we ever had” and that demand was “accelerating.” He said the company would hire 11,000 software engineering interns in 2026, and an Amazon spokesperson said the company was on track to add more than 11,000 interns and early-career full-time software development engineers globally this year. (indiablooms.com) (informationweek.com) Garman also said the job itself was changing as AI tools automated parts of software work. He said narrower coding tasks would be less valuable than broader skills such as building applications and solving customer problems. ### What should readers watch next? InformationWeek said on May 14 that it would continue updating its 2026 layoffs tracker as more companies disclose workforce changes. (finance.yahoo.com) Layoffs.fyi also says its database is updated live, making those trackers the clearest places to watch whether the total rises beyond the 110,223 figure displayed on May 16. (informationweek.com)