--- title: "Snap, Disney, Meta: Over 81,200 layoffs in 2026" url: https://stacklist.com/card/e83d8489-969b-45c2-a3cb-3f10aeee6a76 source_url: "https://www.livemint.com/companies/news/snap-disney-meta-oracle-amazon-over-81-200-tech-layoffs-in-2026-is-ai-push-risking-your-job-security-11776761029738.html" stack: https://stacklist.com/c/finance/stack/c6464fda-6641-4252-9426-0e46ec6243cf summary: "Over 81,200 employees have been laid off by 97 tech firms in 2026 so far, driven largely by AI-related restructuring, with major cuts at Oracle (30,000), Meta (8,000), Snap (1,000), and Walt Disney (1,000). The layoffs highlight a growing trend of tech companies redirecting funds toward AI infrastructure and automation at the expense of workforce stability." tags: "tech-layoffs, artificial-intelligence, job-cuts, big-tech, workforce-reduction, automation, restructuring" key_entities: "Meta (organization), Oracle (organization), Snap (organization), Walt Disney Company (organization), Evan Spiegel (person), Aakriti Handa (person), Josh D'Amaro (person), Artificial Intelligence (technology), Tech Layoffs (concept), layoffs.fyi (organization), United States (location), India (location), Pixar Animation (organization), Marvel Studios (organization), ESPN (organization)" classification: "analysis" content_hash: "sha256:e89ebfbd004cdfca3390225801e3049f3fe2c480f9bb2a2fec7dab7f46538065" acp_version: "0.2" token_counts_approximate: 3084 visibility: public agent_accessible: true status: "final" --- # Snap, Disney, Meta: Over 81,200 layoffs in 2026 Subscribe Sign in View Market Dashboard Home Markets Market News Stock Markets IPO Mint Portfolio US Markets Mark to Market Bonds Commodities Cryptocurrency Market Data Stock Pages Index pages Bullion Gold Silver Fuel Petrol Diesel News India World WSJ Economist US News Trends Mint Portfolio Premium e-paper Global Partners WSJ Economist Barron's Mint Specials Mint Explainers Mark to Market Long Story Plain Facts Snapview Sections Companies Technology Markets Personal Finance Mutual Funds Insurance Auto Industry Lounge Opinion IPO Latest News Companies Start-ups Company Results People Money Personal Finance Insurance Ask Mint Money Mutual Funds MyMint Technology Gadgets Tech Reviews App News 5G Tech Foldable Smartphones Mint Hindi More Election 2026 Sports Cricket News IPL 2026 IPL 2026 Schedule Orange Cap in IPL 2026 Purple Cap in IPL 2026 IPL 2026 Points Table Science Health Entertainment Tools IFSC Code Finder Income Tax Calculator Gold Rate Today Gold Rate in Delhi Gold Rate Hyderabad Silver Rate Today Silver Rate in Delhi Silver Rate in Bangalore US US Trending Hollywood Business US Stock Market Explore Mint About us Print subscription Subscriber terms of use Privacy Policy Terms of Use Disclaimer Mint code Cookie Policy Code of ethics Sitemap Contact Us Hindustan Times Live Hindustan HT US News Nifty 50 Auto News Mint Money REITS Stock Market Today Snap, Disney, Meta: Over 81,200 layoffs in 2026 - Is AI push risking your tech job security? Aakriti Handa Updated 21 Apr 2026, 03:46 PM IST More than 81,200 employees have been laid off by 97 tech firms so far in 2026, according to layoffs.fyi, an independent real-time tracker of job losses in the tech and startup sectors across the world. AI Quick Read More than 81,200 employees have been laid off by 97 tech firms so far in 2026, according to layoffs.fyi, an independent real-time tracker of job losses in the tech and startup sectors across the world. The figure includes Meta’s planned downsizing of 10% of its global workforce or close to 8,000 employees, as reported by Reuters, citing sources. Although Meta declined to comment on the details of the job cuts, it comes close on the heels of the Facebook and Instagram-owner pumping billions of dollars into augmenting its artificial intelligence (AI) infrastructure. By comparison, the total number of layoffs in the whole of 2025 stood at 1,24,201, as per the tracker. Also Read | Tech giants blame AI for massive job cuts: Is it the real culprit? AI Push In fact, a major catalyst driving these layoffs is restructuring linked to AI, with tech firms increasingly directing funds towards automation and efficiency even as it leads to trimming the workforce. On 31 March, Oracle initiated the process to cut nearly 30,000 positions, which constitutes roughly 18% of the software maker’s global workforce. The impact was also felt in India where 12,000 employees were reportedly terminated. According to the tracker, software and SaaS companies have faced the largest number of job cuts, followed by e-commerce firms. Media companies such as The Walt Disney Company and Snap.Inc announced layoffs in quick succession just last week. Most of these firms are based out of the US, while a few have headquarters in Asia, including India. Big Tech, Bigger Layoffs Here’s a closer look at companies that have significantly reduced their headcount in 2026: Snap Snap, the parent company of popular messaging service Snapchat, announced plans to slash up to 16% of its global workforce on 15 April. Citing a pivot towards AI-driven efficiencies, CEO Evan Spiegel said that the reduction would affect around 1,000 members of staff and that at least 300 open positions would be closed, according to a CNBC report. Walt Disney The Walt Disney Company began layoffs on 15 April, and is expected to cut at least 1,000 roles across the marketing teams, its studio and television business, which includes Pixar Animation and Marvel Studios, as well as ESPN. Josh D’Amaro, who succeeded Bob Iger as CEO in February, wrote, “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,” according to an email seen by Reuters. Also Read | Disney layoffs: Several hundred in film, TV, finance on the chopping block Epic Games Epic Games, the video game and software developer which created Fortnite, announced job cuts for 1,000 employees last month. In a note, Founder Tim Sweeney wrote, “This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place.” Flipkart Flipkart, owned by Walmart and based in Bengaluru, sacked about 400-500 employees after their annual performance review last month. According to a source-based report in The Economic Times , the job cuts constituted roughly 4% of the e-commerce firm’s headcount, higher than the 1-2% it usually lets go. The exercise hit employees across operations, engineering, and marketing teams. Block Block, a fintech company co-founded by Jack Dorsey, announced layoffs for over 4,000 employees, or 40% of its workforce, in February this year. In a letter to shareholders, Block CFO Amrita Ahuja reportedly wrote, “We are choosing to shift how we operate at a time when our business is accelerating and we see an opportunity to move faster with smaller, highly talented teams using AI to automate more work.” Amazon Amazon, the leading multinational technology company, slashed 16,000 roles “to strengthen the organization by reducing layers, increasing ownership, and removing bureaucracy.” However, in a post on the website, Senior Vice President Beth Galetti wrote, “...We’ll also continue hiring and investing in strategic areas and functions that are critical to our future.” In February, The Washington Post , owned by Jeff Bezos, laid off 300 journalists or one-third of its workforce over "plummeting online traffic amid the artificial intelligence boom”. Also Read | Amazon to invest up to $25 bn in Anthropic; AI firm to spend $100 bn on AWS Layoffs Get Latest real-time updates Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Home Companies News Snap, Disney, Meta: Over 81,200 layoffs in 2026 - Is AI push risking your tech job security? 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