Over 73,200 jobs were cut across 95 IT companies in Q1 2026. The Walt Disney Company, Meta Platforms, Oracle, and Snap Inc. announced major layoffs. Disney is preparing to eliminate approximately 1,000 positions. Meta reduced 700 roles and plans further cuts in California. Oracle Corporation intends to cut 20,000 to 30,000 jobs globally.
https://www.thestatesman.com/business/over-73200-it-layoffs-recorded-in-first-3-months-of-2026-1503583644.html/amp