tech industry

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.

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.

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.

Apple marks its 50th anniversary on April 1, 2026, with worldwide events spanning from a private Paul McCartney concert at its Cupertino headquarters to performances and art installations at flagship stores across 11 cities.

Meta lays off roughly 700 employees across five divisions while weighing far deeper cuts of up to 20 percent of its workforce to offset AI infrastructure spending that could reach $135 billion this year.

Amazon has eliminated approximately 30,000 corporate positions since October 2025 through two rounds of layoffs, with March cuts reaching its robotics division and unconfirmed reports suggesting a third wave of 14,000 additional reductions in Q2 2026.