Global tech layoffs have crossed 80,000 in the first quarter of 2026 and may exceed 3 lakh this year, driven by AI-led restructuring. Major firms like Oracle, Amazon and Meta are leading job cuts amid cost optimisation efforts
The first quarter of 2026 has seen massive layoffs across global tech and multinational companies, with over 61,000 jobs lost worldwide, including thousands in India. Oracle led the cuts with 30,000 jobs, followed by Amazon, Dell, Block Inc., Epic Games, and Salesforce.
Amazon has announced the layoff of 16,000 employees globally as part of additional organisational changes. The company said it will support affected staff while continuing to hire and invest in strategic areas critical to its long-term growth
