Over one lakh employees have been laid off by 218 tech companies worldwide in 2025 so far, according to layoffs tracker Layoffs.fyi. TCS has laid off 6,000 employees worldwide, and Accenture has cut more than 11,000 jobs. Furthermore, Amazon has announced plans to lay off 14,000 employees, while the US-based UPS said it has eliminated 48,000 jobs since last year.