Over 1 lakh jobs have been cut in the technology sector in the first five months 2026, with May alone accounting for nearly 28,900 roles, a new report has said. 

The report from Layoff.fyi said a total of 1,16,739 tech employees have been laid off year‑to‑date, adding that only 10,577 job cuts were announced in May 2025, less than half compared to 28,889 last month.