Tech layoffs surpass 92,000 in April 2026 as AI-driven restructuring accelerates across the industry

Over 92,000 tech workers were laid off in April 2026 across 98 companies, making it the worst single month for tech job reductions in at least two years. The stated reason across companies is AI-driven restructuring. Meta is cutting 8,000 jobs (10% of workforce) starting May 20, with additional cuts planned for H2, while spending $115-135B on AI infrastructure. Snap eliminated 1,000 jobs (16% of workforce), with CEO Evan Spiegel citing that AI now generates more than 65% of new code and targeting $500M in annualized savings. Amazon cut 16,000 corporate roles in January (30,000 total since October 2025). Oracle eliminated 10,000-30,000 employees after strong Q3 earnings. Microsoft offered voluntary buyouts to ~7% of US workforce (~8,750 employees). Dell reduced workforce by 10% for the third consecutive year (97,000 employees, down 27% from 133,000 in 2023). Q1 2026 saw over 180,500 total layoffs across all sectors.