Research finds global tech sector layoffs close to 140,000 with India's TCS cutting 12,000 jobs

As India’s largest IT firm Tata Consultancy announced 12,000 layoffs on Monday, becoming the latest tech giant to drastically reduce its workforce, I am reaching with highlights from the comprehensive report on the mass layoffs affecting tens of thousands of skilled workers in the technology sector around the world in 2025.

- July 29, 2025. Daniel Lane.

The team at RationalFX aggregated layoff announcements sourced from the U.S. WARN notices, the job portal TrueUp, TechCrunch and the Layoffs.fyi layoff tracker since the beginning of 2025 and identified the companies initiating the largest mass layoffs this year.

We estimate that Intel, which said it would be reducing its headcount by roughly 20 percent by the end of the year, is actually expected to end up laying off 33,900 individuals or 31 percent of its workforce by the end of December, compared to December 2024. One of India’s largest tech companies and a leading IT services provider globally, Tata Consultancy Services (TCS) also announced layoffs. With the 12,000 positions it would be cutting, the number of layoffs in the global tech sector since January 1 reached 138,978.

Here are a few key takeaways from the report: