Analysis warns layoffs spreading to retail and finance could add 1.6 million US job losses; over 200,000 tech job losses reported in 2026

According to The Economic Times, more than 200,000 tech job losses have been reported in 2026. A 24/7 Wall St. analysis warns that layoffs spreading to retail and financial services could mean another 1.6 million job losses. Google has begun offering voluntary exit packages, per Reuters. Microsoft reportedly offered buyouts to 60,000 employees, and Oracle cut 21,000 positions, about 13% of its workforce.