The tech industry has experienced significant layoffs in early 2026, with over 30,700 job cuts reported globally, predominantly affecting the US, where 24,600 roles were eliminated. India accounts for 920 of these job cuts in Asia. According to RationalFx, if this trend continues, total layoffs could exceed 273,000 by year-end. As firms pivot towards AI-focused roles, many professionals feel unprepared, challenging their ability to secure new employment amidst intense competition.