# Many companies citing AI-related cost optimisation, reallocation of resources to data centres, and post-pandemic efficiency gains as key reasons.

*business · news · 2026-04-16 · The Financial Express*

## Key points

- Oracle executed 30,000 layoffs in March 2026, representing 18% of its global workforce.
- Block reduced its workforce by 40%, citing AI efficiencies enabling smaller teams to handle more work.
- Multiple tech CEOs explicitly linked layoffs to generative AI adoption and related productivity gains.
- Major companies are simultaneously hiring aggressively in AI engineering and data centre roles despite layoffs.
- The United States is the primary region affected by these layoffs, with notable cuts in Europe and Australia.

**Companies:** Oracle, Amazon, Meta, Block, WiseTech Global, ASML, Atlassian, Ericsson, Autodesk, Epic Games
**Countries:** United States, Netherlands, Australia

[Read the full story on The Financial Express](https://www.financialexpress.com/life/technology-top-tech-layoffs-2026-over-72000-techies-laid-off-at-oracle-amazon-block-and-others-4209267/)

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