Tech layoffs top 73,000 in 2026 as AI leads to cuts at Meta, Oracle and others – The Economic Times

Tech layoffs top 73,000 in 2026 as AI leads to cuts at Meta, Oracle and others – The Economic Times

By ET
Publication Date: 2026-04-20 10:59:00

Layoffs in the tech sector are increasing, with more than 73,000 jobs already eliminated across 95 companies in 2026. The latest major company to announce job cuts is Meta Platforms.

In comparison, the total number of layoffs for all of 2025 was 124,201.

These numbers come from Layoffs.fyi, which monitors such developments in the industry.

Artificial intelligence and automation are the main drivers of this change, with most of the culling in 2026 related to AI-driven restructuring.

Here are some of the most significant and recent layoffs.