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Tech layoffs 2026: Over 96,000 employees have been laid off this year across Oracle, Amazon, Meta, Disney, Snap and more
We've just entered the second quarter of the year, but we've already seen tens of thousands of layoffs across the tech industry — here's what we know.
The layoffs across the tech industry have continued this week, with cuts from Amazon and battery recycling company Redwood Materials. So far this year, there have been over 96,000 layoffs in tech, according to data from Trueup. The layoffs seem to be moving at a faster rate than last year — over 245,000 workers in tech were let go in 2025.
In March alone, more than 38,000 employees were let go from their jobs across tech, including companies like Oracle, Eidos Montreal, Meta and Epic Games. (The video game industry continues to be particularly hard hit.) At least four of the companies below have laid off employees due to increased spending in AI.
We'll get into the reason for the layoffs below. Note that while this report currently starts in late March 2026, we may backfill news from earlier in the year in a future update.
April 2026
Amazon
Amazon is planning to temporarily close a warehouse in Homestead, Florida, which will eliminate more than 600 jobs, Newsweek reports. The job cuts will start in July and continue through September but the giant company is giving employees the option to relocate to other facilities. The warehouse has only been open for just under two years but Amazon is already looking to update the site.
Redwood Materials
Battery recycling company Redwood Materials laid off 10% of its employees, totaling 135 people, TechCrunch reports. Those who were let go received an email from the chief HR officer telling them the layoffs were made “to sharpen our focus, our work and the size of our teams to support the direction Redwood is going in the future.”
Snap
Snap is laying off 1,000 workers, which is 16% of its staff, Variety reports. The Snapchat parent company made the announcement just weeks after Irenic Capital Management asked the company to make changes to improve performance and revenue.
Snap is using AI to streamline operations and assist the now smaller workforce. “We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives,” Snap CEO Evan Spiegel said.
Disney
Just two months after taking over as CEO of Disney, Josh D’Amaro announced the company is laying off 1,000 of its employees, AP News reports. In addition, Marvel let 8% of its staff go after the call was made.
“Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” D'Amaro said in a memo to employees. “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs.”
GoPro
The wearable camera maker this year will eliminate 145 employees due to a restructuring plan to cut costs, the Wall Street Journal reported. The cuts are expected to last until the end of the year.
Vimeo
Vimeo is going through its third round of layoffs since it was acquired by Bending Spoons. This time, the company let go of more than 120 people, which is about 25% of its city staff.
Meta
It’s been reported that 200 Meta employees in the Bay Area will lose their jobs at the end of May. That includes 124 employees in Burlingame and 74 in Sunnyvale. The company last laid off workers just a few weeks ago.
March 2026
Oracle
Oracle has begun implementing a big cull of its employee base. On the final day of March, more than a dozen Oracle employees announced on LinkedIn they had been let go from their jobs, Business Insider reports. It's unclear at this time how many workers were affected, but it was projected to be thousands at the start of this month.
Those laid off received the same email: "After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change."
The job cuts are reportedly to help Oracle stem a cash drain related its expenditures on AI infrastructure.
Eidos Montréal
Deux Ex studio Eidos Montréal announced on March 30 that it's laying off 124 people. In response, the studio head David Anfossi has decided to leave the company.
The cuts are a result of "changing project needs and impacts across production and support teams," the gaming company said in a LinkedIn post. It also noted that the decision to lay off these employees is not related to their talent or performance.
T-Mobile
After already having layoffs in January, T-Mobile has cut even more of its workers, GeekWire reports. It's unclear how many people were laid off at this time, but it could be in the hundreds.
“To move even faster in a dynamic market while continuing to deliver best-in-class digital experiences for our customers, we’re further aligning our IT organization to support future growth and innovation… This includes the difficult decision of eliminating some roles while continuing to invest and hire in areas,” T-Mobile told GeekWire in a statement.
Meta
Meta began laying off hundreds of employees on March 25, totaling around 700 people, per The New York Times. Those impacted were part of the Reality Labs team, as well as social media and recruiting teams. Though still significant, this is a much smaller number compared to a Reuters report that suggested 20% off staff would be affected by layoffs due to the increased spending on AI.
This change comes as the company is shifting away from its metaverse creation, which includes Horizon Worlds for its Quest VR headset that's operated by the Reality Labs team.
Epic Games
The gaming giant on March 24 announced it was laying off more than 1,000 workers in an effort to right-size the staff of its popular free-to-play online shooter, Fortnite. CEO Tim Sweeney sent a note to his staff, citing the reason for the layoffs is due to the "downturn in Fortnite engagement," which means "we're spending significantly more than we're making, and we have to make major cuts to keep the company funded." He made it a point to note the layoffs are not related to AI.
Ubisoft
105 employees from the Red Storm Entertainment team were laid off by Ubisoft in an effort to cut costs, IGN reports. Game development has ended at the studio, so the downsizing will remain permanent. The company employed 180 people in 2022 but has seen multiple layoffs over the years.
Atlassian
Roughly 1,600 employees were laid off at Alassian on March 16, which is around 10% of total workers. Ahead of the layoffs, Atlassian CEO Mike Cannon-Brookes shared a message with the entire team, letting them know the reason is to "self-fund further investment in AI and enterprise sales, while strengthening our financial profile. We’re also changing the way we work and reorganising around our System of Work to move faster." Impacted employees received an email shortly after this message went out.