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

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.

ETtech

Meta wants to cut 8,000 jobs

Mark Zuckerberg led Meta The company is reportedly preparing to cut around 8,000 jobs in one of the largest steps of its kind in recent years. According to Reuters, the company plans to cut about 10% of its global workforce in the first round.

The layoffs are expected to take place May 20, the report said. Further cuts are also being considered for the second half of the year, but details such as timing and extent have not yet been determined…