Laid off five months into a Rs 32 LPA job, a Bengaluru techie used his Rs 8 lakh severance to plan calmly and job hunt strategically.
Market observers said layoffs in the IT sector and prolonged stock market volatility have prompted buyers to delay big-ticket purchases.
Major technology companies cut more than 120,000 jobs in 2025, marking another year of workforce reductions across the global tech industry. The layoffs reflect a combination of cost control measures, restructuring, and a sharper focus on artificial intelligence-led transformation. From chipmakers and IT services firms to cloud and telecom companies, job cuts were spread across sectors, highlighting structural shifts rather than short-term slowdowns.
November saw major tech layoffs as Verizon, HP, Apple and HPE cut thousands of jobs while restructuring operations and streamlining teams across the industry.
The layoffs, affecting over 280 employees across 90 countries, are part of a restructuring effort aimed at enhancing agility, breaking down inefficiencies, and focusing on product quality.
Nokia is eliminating nearly 2,000 positions in Greater China. Furthermore, the company is also looking to cut an additional 350 jobs in Europe
Microsoft to cut around 650 jobs in Xbox division
Apple was the one tech company that didn't announce mass layoffs. That was till now. Close to 700 employees have been asked to leave as two high-profile projects have reportedly been shelved
The email was sent out to the employees by Matt Garman, SVP, Sales & Marketing at AWS, Amazon Inc’s cloud division.
A Bengaluru techie who tweeted about his unease with the current state of the IT industry had his worst fears realised when he was laid off just a day later.
According to data from Layoffs.fyi, a layoff-tracking website, a total of 10,963 employees have been let go by 63 tech companies.
A software engineer who spent nearly two decades at Google was among the hundreds of employees who lost their jobs when the tech giant announced cuts on Wednesday
Moneycontrol spoke to multiple techies, especially those in program manager roles, to get a sense of the difficulties they have been facing since being laid off in mass culls.
A former Amazon employee claims the company has tried to re-hire him four times since he was arbitrarily laid off, but he refuses to join the organisation again.