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    US TECH JOB LAYOFFS 2026 REASONS EXPLAINED

    Tech layoffs top 73,000 in 2026 as AI drives cuts at Meta, Oracle, others

    Tech giants are slashing thousands of jobs in 2026, with Meta, Snap, Oracle, and Atlassian leading the charge. AI and automation are cited as primary drivers for these widespread layoffs, reshaping the industry's workforce and demanding new skill sets. This trend signals a significant shift in the tech landscape.

    Rs 5 lakh monthly salary, but he's afraid of Rs 24 lakh car purchase: 27-year-old debates if it is a 'bad decision' amid job layoffs

    A 27-year-old tech professional with a net worth of around Rs 1.6 crore and a monthly salary of Rs 5 lakh has sparked an online discussion after questioning whether spending Rs 24 lakh on a car is a wise decision. Despite being financially stable, he cited job uncertainty and changing industry conditions as key concerns. His post on Reddit drew mixed reactions, with some encouraging him to enjoy his earnings while others advised caution given the current economic climate.

    Meta layoffs: 16,000 jobs on the line as Mark Zuckerberg plans major cuts in looming workforce shake-up

    Meta is set to cut 16,000 jobs soon. The first phase begins May 20, affecting 8,000 workers. This major restructuring follows the company's strong push into Artificial Intelligence. Mark Zuckerberg's firm is reshaping its workforce for a more automated future. Other companies like Disney and Oracle are also undertaking significant layoffs.

    Should students study engineering in AI era? Khan Sir explains job market reality amid layoffs. 'There will be a Super AI'

    The growing influence of AI has raised concerns about whether engineering remains a safe career choice, but educator Khan Sir believes these fears are part of a recurring pattern seen during past technological shifts. Speaking to Raj Shamani, he explained that while some traditional jobs may decline, new roles will emerge as people learn to work alongside AI. He compared the situation to the arrival of computers, which initially sparked similar worries but eventually created more opportunities.

    Meta targets May 20 for first wave of layoffs; additional cuts later in 2026

    The Facebook and Instagram owner will lay off about 10% of its global workforce, or close to 8,000 employees, in that initial round.

    No jobs, low salaries; new reality of white collar job market & how to survive it
    The Economic Times
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