In the first quarter of 2026, more than 70,000 jobs have been cut across 95 companies. From Meta’s planned workforce reductions to cuts at Amazon, Snap, Oracle and others, companies are restructuring around AI, building tighter teams where automation replaces repetitive human tasks. Unfortunately, with the continued AI boom will lead to more job losses in the future.
A few reasons for some of the layoffs:
Oracle
Largest layoffs in 2026 was Oracle, layoffs 30,254 employees by 6am cold emails.
Due to the $300 Billion contract with Open AI, Oracle needs to build more data centers, and laying off 30,000 employees, frees up $8B-10B to invest in AI infrastructure.
Meta
Meta is set to begin its first round of mass layoffs on May 20, affecting 10% of its global workforce or roughly 8,000 employees. The tech giant has plans for additional cuts in the second half of 2026, the sources said. The company has not disclosed when the second round will occur or how many employees will be affected.
Snap Inc
Snap, the parent company of social media app Snapchat, said Wednesday it would cut 16% of its workforce—1,000 jobs—because “rapid advancements in artificial intelligence” will allow the same work to be done by a smaller group of people, making it the latest major company to blame 2026 job cuts on AI.
Tech layoffs in the first quarter – 2026
Oracle: 30,000
Amazon: 16,000
Block: 4,000
WiseTech: 2,000
ASML: 1.700
Atlassian: 1.600
Ericsson: 1.600
Meta: 1.500
Snap: 1000
Epic Games: 1000
Ocado: 1000
eBay: 800
With these abysmal numbers so far, one can only imagine what is yet to come as the year progresses. As AI gets better, several questions will be asked. Will the layoffs move from tech to other areas of profession and what will be the alternative jones for the population?
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London Glossy Spring 2026 – Digital
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