Tech layoffs surpass 92,000 in April 2026 across 98 companies, making it the worst year on record

More than 92,000 tech jobs were cut across 98 companies in April 2026 alone, making it the worst single month for tech employment in at least two years and putting 2026 on track to be the worst year ever for tech workers. Meta plans to reduce headcount by 10% (approximately 8,000 employees) on May 20, with additional cuts expected. Snap laid off about 16% of its workforce (~1,000 people), explicitly citing AI advancements as the reason. Amazon eliminated around 16,000 corporate roles globally in January 2026, its second mass layoff round since October. Microsoft offered buyouts to senior director-level employees whose age plus tenure equals 70 or more. Companies across the board cite the need to redirect spending toward AI infrastructure investment as the primary driver, representing a structural rebalancing of human capital against compute spend.