Noesion Radarnoesion.ai
Market2026-08-09

IBTimes reports that the global technology sector shed 63,000 jobs in June 2026, pushing the information sector's layoff rate up 0.7 percentage points to 2.3 per cent — described as a twenty-year high and more than double the November 2025 level. Oracle cut 21,000 roles (about 13 per cent of its workforce), roughly a third of the quarter's total; Microsoft announced approximately 4,800 cuts (2.1 per cent) in July; Cisco eliminated 4,000 roles; Intuit cut 3,000 (17 per cent); Groupon cut 400 (a quarter of staff) and ClickUp 22 per cent. Oracle's Form 10-K attributed workforce reductions to AI adoption, while Cisco and Intuit framed cuts as reallocating resources toward AI. Challenger, Gray & Christmas said AI was cited in 40 per cent of announced cuts in May and 31 per cent in June, with over 101,000 AI-linked redundancies in the first half of 2026.

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