# Global technology firms accelerated job cuts in the first quarter of 2026, with over 73,200 layoffs by 95 companies.

*business · news · 2026-04-20 · Free Press Journal*

## Key points

- Tech companies cut over 73,200 jobs in Q1 2026, according to Layoffs.fyi data.
- Oracle plans to cut 20,000 to 30,000 jobs globally, heavily impacting India with about 12,000 layoffs.
- Snap Inc. will eliminate 16% of its workforce and save over $500 million by late 2026.
- Amazon is laying off 16,000 employees as part of its AI restructuring initiative.

**Companies:** Meta Platforms, Oracle Corporation, The Walt Disney Company, Snap Inc.
**Countries:** United States, India

[Read the full story on Free Press Journal](https://www.freepressjournal.in/tech/ai-transition-triggers-73000-layoffs-as-tech-firms-restructure-globally)

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