AI job cuts top 50,000 in 2026 as Snap, Oracle, Meta slash roles

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More than 50,000 tech jobs have been cut in 2026 as tech behemoths such as Snap, Oracle and Meta link layoffs to AI and a shift in spending towards AI infrastructure.

Recent figures from Challenger, Gray & Christmas show over 52,000 roles were eliminated in the sector in the first quarter alone, with AI cited https://www.cityam.com/ai-job-cuts-top-50000-in-2026-as-snap-oracle-meta-slash-roles/">[...]