business / news / / Zee News
Global technology firms accelerated job cuts in the first quarter of 2026.
Global tech firms announced over 73,200 layoffs from 95 companies in Q1 2026, per Layoffs.fyi data.
KEY POINTS
- 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
Summarized by Newsio from Zee News. How we summarize →