Tech layoffs 2026: Meta plans to 8,000 job cuts; over 73,000 roles lost globally in 3 months
Meta Platforms is planning to cut around 8,000 jobs, part of a broader trend of tech layoffs with over 73,200 roles lost globally in the first quarter of 2026. Other major tech companies, including Snap, Disney, and Oracle, have also announced significant job cuts.
The global technology sector is experiencing a wave of layoffs in 2026, with companies undergoing significant restructuring. Meta Platforms is planning to cut around 8,000 jobs, potentially impacting 10% of its workforce, as it realigns operations around AI-driven priorities. Other major tech companies have also announced job cuts, including Snap with 1,000 layoffs, Disney with 1,000 cuts, and Oracle with around 30,000 jobs affected. Over 73,200 jobs have been lost across 95 companies in the first quarter of 2026. The layoffs reflect a broader trend of companies streamlining operations and shifting focus towards artificial intelligence. The moves are aimed at improving efficiency and reducing costs.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.