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Meta Platforms reportedly preparing to cut around 8,000 jobs in one of its most significant workforce reductions in recent years.
Meta Platforms plans to lay off 8,000 employees, about 10 percent of its workforce, in May 2026.
KEY POINTS
- Oracle Corporation is cutting between 20,000 and 30,000 jobs globally, with 12,000 in India alone.
- Snap is not only cutting 1,000 jobs but also eliminating 300 unfilled roles to slow hiring.
- Disney's restructuring under new CEO Josh D’Amaro involves 1,000 layoffs with tiered severance based on position and tenure.
- These layoffs are driven by a strategic pivot toward AI and automation across multiple tech companies.
COMPANIES
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