US TECHNOLOGY LAYOFFS
IBM's H-1B move, US tech layoffs: Why is it getting harder for Indians to work and settle in America?
IBM's decision to halt H-1B and green card sponsorship for many US consulting roles raises significant concerns for Indian professionals seeking long-term careers in the US. As scrutiny on foreign worker hiring intensifies, maintaining employment and progressing towards permanent residency becomes a multifaceted challenge for affected workers, who must navigate complex immigration processes and uncertain job security.
Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession
US technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger concern is whether the trend will spread to retail and financial services, where another 1.6 million job losses could push unemployment higher and raise fears of a US recession.
Amid layoff season, this Bengaluru company is paying employees to quit and start their own business and return back if things don't work out
Amid layoffs and voluntary buyout offers at global tech companies, Bengaluru-based iD Fresh Food is encouraging employees to quit and start their own businesses. CEO Musthafa PC's entrepreneurship policy offers a partially paid sabbatical, mentorship, access to the company's business network and an option to return if their ventures fail.
Xiaomi eyes local partners; Electronics firms target AI infra
Xiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
Qualcomm layoffs severance package: 3 months' salary, extra payout based on years of service & one more month's pay for signing exit papers within 3 days; what employees are being offered
Qualcomm has reportedly begun laying off employees in India as part of a global workforce restructuring exercise that could affect around 1,000 staff, or 5–6% of its workforce in the country. Reports suggest affected employees may be offered three months' salary as severance, with additional compensation based on tenure and an extra month's pay for those who sign exit documents within three days. Qualcomm has not publicly confirmed the reported severance package.
US-China AI race could face financial setbacks, mass layoffs over next three years: Report
The report highlighted, the global artificial intelligence (AI) race is increasingly becoming a contest between China's state-led approach and the US market-driven model.
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Google voluntary buyouts: What's the exit package, which teams qualify and how many employees are eligible after Microsoft's similar offer?
Google Voluntary Exit Programme Details: Google has expanded its voluntary buyout programme to selected employees in five countries. The offer comes as Microsoft rolls out a similar voluntary exit scheme covering around 60,000 employees. Here's a look at Google's severance package, eligible teams and the number of employees who could opt for the offer.
U.S. and Japanese Companies Struggle with Different Parts of AI Adoption—and Offer Different Lessons for Making It Work
Companies in both the U.S. and Japan are struggling to deploy AI, but often in very different ways. In the U.S., deployment is wide but shallow, meaning companies struggle to create real value with AI. In Japan, deployment has moved slowly, but where it has happened, it’s often deep and fruitful. Understanding what’s happening in both contexts offers important lessons for companies trying to develop an AI strategy and demonstrate ROI on their AI investments.
First husband, then wife lose their tech jobs in US, newborn baby at home and healthcare coverage worries. Heartbreaking post highlights growing anxiety among tech workers
Ha Nguyen, a founder and managing partner, shared the heartbreaking story of a US-based tech couple who lost their jobs one after another while caring for their newborn baby. With healthcare coverage at risk, the couple faces mounting uncertainty. Her post highlighted the human cost of tech layoffs and called for greater support for affected employees.
Global Market Today: Asian shares retreat as US futures slide on mid-term election bets
Contracts for the S&P 500 Index dropped 0.3%, erasing an initial gain of 0.5%, while those for the Nasdaq 100 declined 0.6%. The dollar dropped against most of its Group-of-10 peers and the yield on the benchmark 10-year Treasury note fell four basis points to 4.92%. The MSCI Asia Pacific Index dropped 0.2% even as South Korea’s Kospi Index jumped 1%.
Canva may announce another round of layoffs in November, report claims; hiring freeze also possible
Canva appears to be bracing for possible layoffs or a hiring freeze after recently downsizing their team by cutting 32 employees from the technical content department. Although user growth surged in 2025, the company has drastically revised its revenue forecasts for 2026. CEO Melanie Perkins noted that projections have not met earlier expectations but underscored their commitment to an AI-driven strategy.
L&T pushes IT and engineering arms to accelerate growth beyond 15%
Larsen and Toubro is focusing on raising revenue growth in its services arms, LTM and LTTS. Currently, these companies grow at about 10-11 percent per year, which needs to increase. The management highlighted the importance of scaling up their services and accessing new markets. The recent AI-led disruption may help achieve this growth by leveling the playing field among competitors.
Amazon layoffs to 'improve efficiency': What they mean for employees & how they compare with job cuts at Microsoft, Netflix and Oracle across Big Tech
Amazon layoffs: Amazon has cut around 250 jobs in its devices and services division, primarily in software development, as it looks to streamline operations and align staffing with product priorities. The latest layoffs add to more than 31,000 job cuts announced across several rounds since October 2025, including reductions in its retail business. The move comes amid wider workforce changes at tech giants such as Microsoft, Netflix and Oracle, as companies reassess costs and investment priorities.
'Dropboxers, today will be your last day': Dropbox lays off 9% of global workforce; CTO Ali Dasdan to step down. Read what the company said in memo
Dropbox is set to cut approximately 200 jobs as part of its growth-oriented reorganization plan. The focus will be on restructuring teams in engineering, product, and administration, resulting in several employees leaving immediately. On November 18, Chief Technology Officer Ali Dasdan will also resign. Employees impacted by the layoffs will receive severance packages including financial support, while the company aims to enhance operations and customer service effectiveness.
Bill Gates says next 20 years to be the most tumultuous in human history as Microsoft announces buyouts to 60,000 employees
Microsoft Layoffs: Bill Gates has warned that the next 20 years could be among the most tumultuous periods in human history as artificial intelligence and robots transform jobs and industries. The Microsoft co-founder believes AI could eventually create widespread abundance, but the transition may lead to job losses, economic uncertainty and a crisis of purpose for many workers. He has suggested shorter working hours, earlier retirement and selective AI adoption as possible ways to manage the disruption.
'Involuntary entrepreneur era': Tech veteran's warning to IT workers as Microsoft offers buyouts to 60,000 employees
Microsoft’s voluntary buyout offers to around 60,000 employees have raised concerns about job security across the technology sector. Tech veteran Maureen Wiley calls this the “Involuntary Entrepreneur Era”, warning workers to prepare for career uncertainty. The latest programme follows earlier retirement packages and 4,800 job cuts, as Microsoft increases artificial intelligence spending and manages workforce costs.
No layoffs in 101 years: CEO of a company that has never laid off workers says businesses should cut costs elsewhere instead of firing employees
As Microsoft offers voluntary buyouts to around 60,000 employees amid heavy AI investment, the CEO of a 101-year-old syrup maker says businesses should look for savings beyond job cuts. Torani says it has never laid off workers, including during the pandemic, when revenue fell 20% in a single month.
Microsoft needs 'fewer people, more AI agents' to keep up with OpenAI, Anthropic, says ex-employee as 60,000 get buyout offer
Former Microsoft Entra product manager Merill Fernando says the tech giant needs fewer employees and more AI agents to keep pace with OpenAI and Anthropic, citing organisational silos and slow technology adoption. His remarks come as Microsoft offers voluntary buyouts to around 60,000 eligible employees across India, the US, UK and Canada.
Microsoft offers voluntary exits to 60,000 employees: What's in it, who qualifies and will India’s 23,000-strong workforce be impacted?
Microsoft has introduced a voluntary exit offer for eligible employees in India, the US, the UK and Canada, covering around 60,000 workers globally. The programme offers financial support and career transition services, but India's share remains unclear. The announcement comes amid US scrutiny of Microsoft's foreign-worker visa practices.
What is the difference between buyout and layoff? Microsoft offers buyout to 60,000 employees; check what it means for workers
Microsoft buyout offer to 60,000 workers: Microsoft has introduced a Voluntary Exit Offer (VEO) for eligible employees in India, the US, Canada and the UK, with reports suggesting around 60,000 workers could qualify. The programme allows employees to leave voluntarily with financial support, unlike layoffs, where the company decides to cut jobs. The move comes as Microsoft ramps up AI investments while managing workforce costs.
Oracle may extend US staff separation scheme to India
Oracle’s India workforce has been shrinking over the past six months, with engineering departures running at roughly five times the pace of hiring, sources said. Oracle’s recent round of global layoffs in September impacted about 10% of its India workforce or 3,000 employees, ET had reported.
Why Wall Street is selling chip stocks and buying Berkshire: Is Buffett’s old-school stock the new hedge against the AI trade, or an early warning for markets?
Berkshire hits a record as chip stocks slump 15%: Investors dumped chip stocks and rushed to Berkshire Hathaway. Between October 2 and 20, the semiconductor ETF SOXX lost 15.1 per cent, while Berkshire’s Class B shares rose 7.4 per cent to a record close. This combination last happened in October 2001, as the dot-com bubble burst. Berkshire’s third-quarter results are due November 7.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Bola Sokunbi started investing during a recession in 2007; about 10 years later, her portfolio had crossed $1 million
Bola Sokunbi saved $100,000 within three years of graduating and kept investing when markets fell in 2007. About a decade later, her portfolio had grown beyond $1 million.
Infosys, TCS and Cognizant cut H-1B lottery registrations as Trump tightens US visa rules
Infosys, Tata Consultancy Services (TCS) and Cognizant registered far fewer candidates for the US H-1B visa lottery for fiscal year 2027, according to a report. Cognizant recorded a 100 per cent drop in registrations, while Infosys and TCS saw declines of 91 per cent and 95 per cent, respectively. The fall comes as the Trump administration raises hiring costs, changes the visa selection process and increases scrutiny of employers.
Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
12,700 tech professional return from US in 9 months
The data sourced from staffing firm Xpheno shows that the numbers have been steadily going up, from 7,200 in 2023 and 9,800 in 2024. The figures track white-collar technology talent moving along the India-US corridor and are not limited to H-1B visa holders.
Netflix lays off 6% of its workforce: Employee shares why he feels ‘relieved’: ‘I have no idea…’
Netflix has slashed about six percent of its workforce – this has impacted more than 1,000 employees in total. Taking to Reddit, one Reddit user admitted that the recent surge of layoffs at Netflix has left him feeling relieved – he had survived and retained his job, but also immensely guilty.
Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staff
In a strategic move amid declining subscriber numbers, Netflix announced the layoff of approximately 1000 employees, making up about 6% of its workforce. The impacted roles will primarily come from product, technology, legal, and HR departments. Co-CEOs Ted Sarandos and Greg Peters informed the staff of this decision through an email, assuring support for those affected while reaffirming the company's focus on future growth.
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