PANews posted on X (formerly Twitter). The technology sector has experienced ongoing layoffs in 2026, with data from TrueUp revealing that 298 layoffs have occurred in the first five months of the year, impacting a total of 129,440 individuals. This averages to approximately 981 people affected daily. March was particularly severe, with 49,452 layoffs, marking the highest monthly figure in over a year. The monthly breakdown is as follows: January saw 27,223 layoffs, February had 24,631, March recorded 49,452, April had 18,385, and May saw 9,749 layoffs.