AI NewsTech Layoffs Surge: March Worst Month in Two Years as Companies Slashed 38,000 Jobs, Layoff Tracker Claims

Tech Layoffs Surge: March Worst Month in Two Years as Companies Slashed 38,000 Jobs, Layoff Tracker Claims

7:48 PM IST · April 29, 2026

Tech companies across the globe are working to integrate AI-powered tools into their daily workflows, citing higher efficiency and lower costs. This appears to be a great proposition for the tech firms, who can increase their margins, increase their profits, and keep their shareholders happy, even if they record the same revenue every quarter, year after year. However, this unprecedented AI adoption has led to massive layoffs across the industry. Another phenomenon fueling the dismissals is the mass pandemic-era hiring, when the blue-collar employees at tech firms ballooned exponentially.