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Global technology firms accelerated job cuts in the first quarter of 2026, with over 73,200 layoffs by 95 companies.
Tech companies cut over 73,200 jobs in Q1 2026, according to Layoffs.fyi data.
KEY POINTS
- 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
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