Tech job cuts in October totaled 5,576, which is the lowest of the year, according to Challenger, Gray & Christmas. “Even so, the sector leads all industries with 171,501 cuts through October, up 21% from the 141,159 announced in the same period last year,” Challenger said. The technology sector accounts for 28% of job cuts in 2026, the firm said.
A hefty job reduction may be looming, with Microsoft offering voluntary exits to 60,000 employees. Challenger will record those numbers depending on the number of employees accepting the offers or Microsoft’s target.
What job listings say
Despite what research firms called a slow hiring environment, the number of new IT job listings reached 290,892 in October, up 22.2% from a year ago, according to CompTIA.
This story originally appeared on Computerworld
