layoffs

Xbox CEO Asha Sharma confirmed about 3,200 role cuts through FY27, roughly 1,600 immediately. Double Fine and Compulsion exit as independent studios with their IP, while Ninja Theory and Undead Labs head to new owners.

Reports say Microsoft is closing Hellblade studio Ninja Theory and put Double Fine and Compulsion in exit talks, days after a public Xbox 'reset' memo.

EA cut an undisclosed number of jobs in customer support, IT, recruitment, and trust and safety across US remote roles and its Hyderabad office, its third layoff round of 2026 as the PIF-led buyout closes in.

Mercer and Oliver Wyman surveys find 99% of executives expect AI to cut headcount, while 2026 tech layoffs have already reached 134,603 across 212 companies.

GitLab disclosed a reduction in force on May 11, plans to shed up to 30% of its country footprint, remove up to three management layers, and reorganize R&D into roughly 60 teams by June 1.

Microsoft will notify roughly 8,750 US employees on May 7, 2026 that they qualify for the company's first voluntary retirement offer, a Rule-of-70 program for senior directors and below.

Meta plans to eliminate 10% of its global workforce starting May 20, restructuring around AI-driven productivity as it nearly doubles capital spending to $135 billion.

Snap is eliminating 16 percent of its workforce and closing over 300 open roles, citing AI-driven efficiency gains that let smaller teams handle tasks previously requiring larger headcount.

Snap is eliminating 16 percent of its workforce, projecting $500 million in annualized savings as AI generates over 65 percent of the company's new code.

Snapchat's parent company eliminates 16 percent of its workforce, citing AI-driven efficiency gains and aiming for over $500 million in annualized savings.

The tech industry shed roughly 80,000 jobs in the first quarter of 2026, with companies attributing nearly half to AI automation, but a CFO survey and industry experts suggest the narrative obscures deeper structural forces.

Oracle terminates an estimated 18 percent of its global workforce via early-morning emails with no prior warning, freeing up to $10 billion in cash flow to finance a $156 billion AI infrastructure expansion even as the company reports a 95 percent jump in quarterly net income.