Tech Layoffs cross 92,000 in April, making 2026 the worst year for tech employees ever: Meta, Amazon, Oracle and other companies that announced biggest job cuts 2026

It’s only May, and the tech industry has already handed pink slips to more than 92,000 people. Spread across 98 companies, the job cuts have been relentless—and April turned into the worst single month for announced tech-job reductions in at least two years, with 45,800 employees affected. Meta, Snap, Microsoft, Oracle, Block, Amazon, Nike, and GoPro all moved within weeks of each other, creating a kind of layoff pile-on that the industry hasn’t seen since the post-pandemic reckoning of 2022 and 2023.

The stated reason, almost universally, is AI. Companies are spending eye-watering amounts on data centers and chips, and they need to find that money somewhere.