# Global technology firms accelerated job cuts in the first quarter of 2026.

*business · news · 2026-04-27 · Zee News*

## Key points

- Global tech firms announced over 73,200 layoffs from 95 companies in Q1 2026, per Layoffs.fyi data.
- Snap Inc. expects to save over $500 million by late 2026 after cutting 16% of workforce.
- Oracle plans to cut 20,000–30,000 jobs globally, affecting around 12,000 employees in India alone.
- Meta Platforms continues workforce reductions, including 198 layoffs in California and 700 in March from Reality Labs.
- Several tech leaders now believe most computer-based white-collar roles could be automated within 12–18 months.

**Companies:** Meta Platforms, Oracle Corporation, The Walt Disney Company, Snap Inc.
**Countries:** United States, India

[Read the full story on Zee News](https://zeenews.india.com/economy/oracle-disney-meta-and-more-tech-sector-layoffs-accelerate-in-2026-amid-ai-pivot-3041298.html)

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