Layoffs: 70,000 Jobs Lost In 3 Months In 80+ Companies Including Oracle, Meta

The 2026 wave of tech layoffs continues a broader restructuring, led by Oracle with about 30,000 job cuts, and extended to Meta and GoPro. The trend spans cloud, hardware and AI, with cost control driving shifts in workforce and priorities across major hubs.

More than 70,000 people in technology jobs have already lost work in 2026, as 80 companies trimmed staff worldwide in the first quarter, with Oracle’s decision to cut 30,000 roles making it one of the largest single-company tech layoffs 2026 has seen in recent years.

The wave of tech layoffs 2026 is spreading across several parts of the industry, from consumer devices and enterprise software to finance, media and AI-linked firms, while most job cuts cluster in hubs such as the San Francisco Bay Area, New York, Seattle and Bengaluru, according to layoffs.fyi data.

Global tech layoffs 2026 trend and industry restructuring

Data from layoffs.fyi shows tech layoffs 2026 have gathered speed after a difficult 2025, when 271 technology companies removed 1,24,201 employees; the current year’s numbers look slightly lower than the peak years of 2022-23, yet continued rounds of cuts indicate the sector is still reshaping its operations and cost structures.

The latest tech layoffs 2026 also reflect different business pressures, including slower growth, competition in cloud and hardware, and a shift of spending toward artificial intelligence and subscription services, with companies such as Pendo, Bolt, Epic Games and Zendesk joining larger names in reducing staff strength across teams.

Oracle and other major tech layoffs 2026 announcements

Oracle now stands at the front of tech layoffs 2026, reportedly shedding about 30,000 positions in March alone, as the company pursues a wide restructuring that prioritises cloud infrastructure and enterprise services while shrinking legacy divisions that no longer match Oracle’s present strategic focus.

Meta has also added to tech layoffs 2026 by cutting around 200 employees in April; although this figure is far smaller than Meta’s mass layoffs during 2023-24, the move suggests ongoing reorganisation of teams as Meta channels more money and staff towards artificial intelligence projects and metaverse-related work.

Hardware and consumer tech under tech layoffs 2026 pressure

Consumer-facing businesses are also part of tech layoffs 2026, with GoPro removing about 145 employees, equal to nearly 23% of the company’s workforce, highlighting the strain on hardware makers that are coping with weaker demand, intense competition on pricing and margins, and the need to simplify product and support operations.

The spread of tech layoffs 2026 across big platforms and smaller software and gaming companies shows the trend is broad-based rather than restricted to one niche, as firms in different geographies attempt to cut costs, adjust hiring made during earlier expansion periods and rebalance towards product lines that promise steadier revenue.

Amazon rumours and denial amid tech layoffs 2026

Amid the wider tech layoffs 2026 trend, Amazon has rejected speculation that another round of cuts is planned for May 2026, with a spokesperson calling the reports “false and not based in fact”, after online posts claimed up to 14,000 roles could be affected across several white-collar levels.

The unconfirmed reports on tech layoffs 2026 first appeared on the anonymous workplace platform Blind and were later carried by a Chinese technology website, alleging that Amazon intended to trim staff at levels L5 to L7 in areas such as Amazon Web Services, retail and human resources, mainly in non-operational roles, before the company publicly dismissed any plans for a large workforce reduction.