# Tech workers displaced by AI face a tougher job market, taking an average of one month longer to find new employment.

*business · news · 2026-04-07 · The Economic Times*

## Key points

- Displaced tech workers now take about one month longer to find new jobs than before.
- Reemployed tech workers typically face real earnings losses exceeding 3% due to occupational downgrading.
- Block reduced its workforce by 40% as AI adoption automated tasks previously requiring days of work.
- Oracle reportedly cut up to 30,000 jobs globally in 2026, driven by AI-related restructuring.
- Over 52,000 US tech workers lost jobs in the first quarter of 2026, a 40% year-over-year increase.

**Companies:** Oracle, Block, Amazon, Meta
**Countries:** United States, Mexico

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/fired-by-oracle-meta-goldman-sachs-warns-laid-off-tech-workers-job-hunt-may-be-long-and-costly/articleshow/130088863.cms)

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