# More than 20,000 jobs could be cut at Microsoft and Meta.

*business · news · 2026-04-24 · CNBC*

## Key points

- Meta plans to lay off 10% of its workforce and scrap 6,000 open roles in May 2026.
- Microsoft’s voluntary buyout program could impact up to 7% of its U.S. employees.
- Startups are achieving $50 million revenue milestones with teams as small as 50 people.
- A 2026 study shows AI adoption is sharply reducing hiring for entry-level and generalized IT roles.
- Oracle layoffs of up to 30,000 could generate $10 billion in extra free cash flow.

**Companies:** Meta, Microsoft, Amazon, Alphabet, Oracle, Salesforce, Snap, Nike
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/24/20k-job-cuts-at-meta-microsoft-raise-concern-of-ai-labor-crisis-.html)

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