# More than 20,000 potential job cuts announced by Meta and Microsoft on April 23, indicate that this could be the beginning of massive layoffs in the technology industry.

*business · news · 2026-04-26 · Outlook Business*

## Key points

- Meta and Microsoft announced over 20,000 potential job cuts on April 23, 2024.
- Tech giants are projected to spend $700 billion on AI infrastructure by 2026.
- Layoffs since 2020 in the tech industry are nearing 900,000 employees.
- Workplace fears intensified in 2025 as Anthropic’s Claude tools replaced entire business divisions.

**Companies:** Meta, Microsoft, Amazon, Alphabet

[Read the full story on Outlook Business](https://www.outlookbusiness.com/corporate/meta-microsoft-job-cuts-ai-700bn-workforce-shift)

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