# The tech sector announced more than 18,700 job cuts in March for a total of 52,050 this year.

*business · news · 2026-04-07 · Hartford Courant*

## Key points

- AI was cited as the leading cause for about a quarter of all recent job cuts.
- Major tech firms' capital expenditures are at record highs, mainly for AI data centers and chips.
- Meta plans to spend up to $135 billion on capital expenditures this year alone.
- Most cost-cutting layoffs are offset within a few years as companies rehire or retrain staff.
- Despite layoffs, 60% of tech employers still plan to add permanent staff this year.

**Companies:** Amazon, Microsoft, Meta, Oracle
**Countries:** United States

[Read the full story on Hartford Courant](https://www.courant.com/2026/04/07/why-seattle-tech-companies-are-still-laying-off-workers-2/)

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