Amidst the latest series of bankruptcy announced by Oracle, in which 30,000 jobs were cut from the company’s employees, NDTV Profit calculates all the major cuts that have taken place in the technology industry so far in 2026.
Prominent figures in the technology industry such as Oracle, Block, and Atlassian as well as market companies such as E-bay cited AI as the main reason for the collapse with other big names such as Meta, Dell, ASML Holdings and Spotify citing restructuring and streamlining as the main reason for its dismissal. IT firms such as Meta and Amazon have also contributed to many types of jobs in 2026.
Oracle – 30,000 Jobs
Tech company Oracle, which currently specializes in providing cloud computing services to companies that rely on AI, has announced the largest one-day layoff in the history of technology companies by cutting 30,000 jobs, citing “restructuring”.
Amazon – 16,000 jobs
Amazon cut 16,000 jobs worldwide on January 28. This was part of its second major decline in three months as the e-commerce giant restructured in the wake of the pandemic. This was in addition to the rate of layoffs in its Robotics division in March.
Dell- 11,000 Jobs
Dell cut a total of 11,000 jobs in 2026, saying it is cutting outsourcing as part of its cost-control measures.
Block – 4,000 jobs
Jack Dorsey’s technology company, which owns applications such as Square, CashApp and Tidal, cited “smart devices” as its reason for eliminating 4,000 jobs, which made up 40% of its workforce.
Also READ: Oracle Layoffs: ‘AI should not be Death for our Workers’ – KCR’s daughter warns Telangana Govt
Meta – Over 2,000 jobs
Meta divested about 1,500 shares or 10% of its Reality Labs stake as part of its Metaverse development and related holdings in January, It also laid off 700-1,000 employees in various divisions in March.
ASML Holdings – 1,700 Jobs
The semiconductor company has removed 1,700 shares from its administrative and support divisions, citing the reorganization to reduce bureaucracy and streamline their operations.
Atlassian – 1,600 Jobs
The firm led by Mike Cannon-Brookes has cut 1,600 jobs or a tenth of its global workforce. “It would be remiss to pretend that AI isn’t changing the mix of skills we need or the number of jobs needed in certain areas,” Cannon-Brookes was quoted as saying.
Ericsson – 1,900 Jobs
Sweden-based telecommunications retailer Ericsson has announced 1,900 job cuts or 20% of its local workforce in Sweden citing a decline in 5G usage in North America.
Epic Games – Over 1,000 Activities
Epic Games laid off more than 1,000 workers in March, citing a drop in player engagement for its massively multiplayer online game Fortnite, financial losses and higher operating costs.
Ebay – 800 Employees
The online marketplace laid off 800 employees in February or 6% of its workforce in an effort to increase its investment in AI technology.
Flipkart – 500 employees
The online marketplace laid off about 500 employees or 4% of its workforce citing unsatisfactory performance reviews in March amid restructuring efforts ahead of a possible IPO, according to reports.
Zupee – 200 Employees
The company laid off 200 of its employees or 40% of its workforce in January after the agency imposed a ban on real-time gambling.
Spotify – 15 employees
The music streaming company is letting go of 15 employees from its podcasting division in order to streamline operations.
Also READ: Layoff News 2026: Meta Set to Join Amazon, Oracle, Others in Job Cuts as AI Commitment Rises
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