The global technology industry is currently experiencing a brutal wave of tech layoffs, with 63,000 workers losing their jobs in June 2026 alone. This drastic shift, led by industry heavyweights like Oracle and Microsoft, has pushed the sector's redundancy rate to its highest level in two decades.
In case you missed it, the information sector's layoff rate jumped by 0.7 percentage points to 2.3 per cent in June. This figure has more than doubled since November 2025, reaching levels that surpass the bleakest days of the 2008 financial crisis.
