# April turned into the worst single month for announced tech-job reductions in at least two years.

*business · news · 2026-05-02 · Times of India*

## Key points

- Tech companies cited AI spending as the primary driver behind over 92,000 layoffs so far in 2024.
- Alphabet, Meta, Amazon, and Microsoft are projected to spend $674 billion on AI capital expenditures this year.
- Meta will let go of 8,000 employees and leave 6,000 roles unfilled to fund $135 billion AI investment.
- Oracle's AI-related debt load is drawing heightened concern from Wall Street analysts, influencing job cuts.
- AI-generated code now accounts for over 65% of Snap's new code, enabling significant staff reduction.

**Companies:** Meta, Microsoft, Amazon, Oracle, Snap, Block, GoPro, Tailwind
**Countries:** United States

[Read the full story on Times of India](https://timesofindia.indiatimes.com/technology/tech-news/tech-layoffs-cross-92000-in-april-making-2026-the-worst-year-for-tech-employees-ever-meta-amazon-oracle-and-other-companies-that-announced-biggest-job-cuts-2026/articleshow/130711208.cms)

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