The impact of the wave of layoffs in big tech companies around the world is now clearly visible in India. Hiring in the tech sector has reached its lowest level in 28 months, while more than 56,000 Indian professionals are looking for new jobs. According to the report of Xpheno, the number of job seekers has increased more than four times in the last one month. On the other hand, due to slow pace of recruitment in the tech sector, competition has become even tougher. In such a situation, changing jobs or getting a new job is becoming more challenging than before. AI, cost-cutting and global uncertainty have made the situation more challenging.
Crowd increased in job market after retrenchment
According to a study by staffing firm Xpheno, there have been global layoffs of more than 1,000 employees in 20 big tech companies since January 2026. More than 56,000 Indian professionals associated with these companies are now looking for new jobs. The surprising thing is that a month ago this number was only around 12,000, whereas six months ago it was around 5,000 and a year ago it was less than 4,000. The report shows that not only people who have lost their jobs, but also employees who are worried about job security are looking for new opportunities. In the last one week itself, about two-thirds of the candidates have been in constant touch with recruitment agencies and companies.
Less jobs, more candidates
The Indian tech sector is currently going through a phase of slow recruitment. According to the report, tech hiring has reached its lowest level in 28 months. The reasons for this are believed to be cautious spending by companies, increased productivity with the help of AI and global economic uncertainty. Francis Padamadan, CEO of Xpheno, says that the current environment is not favorable for job seekers. Opportunities are limited especially for freshers and senior level professionals. Most companies are recruiting only to fill vacant posts. In such a situation, candidates have less options and the power of negotiation regarding salary is also weakening.
There is a demand for people with AI skills
Although challenges have increased in the market, good demand is still being seen in some areas. According to Pranshu Upadhyay, Regional Director, Michael Page India, there are opportunities for professionals with experience in AI, cyber security and multicloud technology. Many candidates have also got new jobs in Global Capability Center i.e. GCC and startups. According to the report, companies like Deloitte, Walmart Global, Wipro, Tech Mahindra, HCLTech, Accenture, IBM, Microsoft, Google, Salesforce and Flipkart have given place to this talent. Experts believe that there are still opportunities for professionals learning new skills in the changing tech market.
Concern of employees visible on social media
The effect of increasing uncertainty in the tech sector is also visible on social media. Many affected employees are sharing their experiences. An employee wrote on Reddit that after being laid off, he has been searching for a job for two months, but is not even receiving interview calls. Whereas another user described the current job market as very difficult. Experts say that at present many candidates are giving priority to getting a job more than salary. Some people are even ready to accept a cut in salary to get a new job. It is clear from this that the impact of global tech layoffs is now being felt deeply on the Indian employment market as well.
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