Tech firms cut 45,800 jobs in March 2026 for AI
NewsBytes | April 29, 2026 9:39 AM CST
Meta, Microsoft and Oracle trim workforces
Meta is letting go of 8,000 employees as it restructures.
Microsoft's offering voluntary retirement to about 7% of its US staff.
Oracle and Snap have also trimmed teams, with Oracle reportedly alone cutting around 30,000 jobs (12,000 in India).
Block plans to shrink its workforce by 40%, impacting over 4,000 people.
For these companies, streamlining now is all about staying competitive in the fast-moving world of AI.
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