Tech layoffs top 81,200 with Meta and Oracle leading cuts
NewsBytes | April 21, 2026 7:39 PM CST
Software and SaaS firms hardest hit
Oracle is letting go of nearly 30,000 employees globally, including around 12,000 in India, making it one of the hardest-hit companies.
Software and SaaS firms have been hit the most, with U.S.-based companies leading these cuts. Snap is laying off 16% of its team to focus more on AI; Disney is trimming at least 1,000 jobs due to technology changes; Epic Games and Flipkart are also making significant reductions.
Block has announced more than 4,000 layoffs as it shifts toward AI-driven operations.
Layoffs remain elevated in 2026.
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