Oracle, Meta, Snap, and Block cut thousands of jobs to reallocate funds into artificial intelligence.
Four billion-dollar tech giants, Oracle, Meta, Snap, and Block, have cut thousands of jobs in the first four months of 2026 to reallocate funds towards artificial intelligence infrastructure. The layoffs include 30,000 Oracle employees, 1,000 Snap workers, and nearly half of Block's workforce.
Four major tech companies have announced significant layoffs in the first four months of 2026. Oracle cut 30,000 jobs, including 12,000 in India, as part of its push into artificial intelligence. Snap eliminated 1,000 positions, about 16% of its workforce, citing advancements in AI. Block reduced its workforce by nearly half, from over 10,000 to under 6,000, to focus on 'intelligence tools'. The companies are reallocating funds towards AI infrastructure, leaving thousands of skilled professionals in a competitive job market.
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