SNAP WORKFORCE REDUCTION
Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI push
Recent developments reveal that leading tech firms like Microsoft and Amazon are making substantial job cuts due to the rise of AI technologies. Microsoft has launched a voluntary exit program that may impact approximately 60,000 employees globally. Meanwhile, Amazon has laid off around 30,000 workers as part of a restructuring effort driven by AI advancements.
Tech layoffs 2026: More than 175,000 workers laid off as Apple, Microsoft, Oracle, Amazon, Meta, TikTok, Uber, LinkedIn as dozens of companies cut jobs amid AI boom
Tech layoffs are accelerating in 2026 as big companies such as Apple, Microsoft, Oracle, Amazon, Meta, Linkedin, TikTok, Visa and dozens of other mega companies have announced slashing of jobs. Here's why AI, restructuring, cost-cutting and changing business priorities are reshaping the technology workforce. More than 175,000 technology workers had been laid off in 2026 by the middle of the year.
Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffs
Uber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligence. The move reflects a broader Silicon Valley trend as Big Tech firms including Amazon, Microsoft, Oracle and Meta restructure teams, automate work and accelerate AI adoption across operations.
120,000 tech jobs cut in 2026 as AI drives Big Tech's reset; India's IT could be next
Global technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies are restructuring teams and automating tasks, even while reporting strong revenues. India's IT sector faces potential job losses as companies redesign their operational strategies. Fresh graduates are experiencing delayed onboarding and withdrawn job offers from major tech firms.
Snap bets on AR glasses in post-smartphone race
Snap, the parent company of social network Snapchat, on Tuesday launched its Specs augmented reality glasses, a major bet by a struggling company to stake out ground in the post-smartphone era. Unveiled at the Augmented World Expo in Long Beach, California, the Specs are the first standalone augmented reality glasses aimed at the general public, according to the company.
Over $150,000 income, safety from layoffs: This one profession could be one of the safest jobs as AI anxiety rises
As layoffs continue across major tech companies investing heavily in AI, one profession is seeing the exact opposite trend. Elevator mechanics are in growing demand, with companies like Otis struggling to hire enough workers. According to CEO Judy Marks, the job requires years of training, physical skill and hands-on work that robots still cannot easily replace.
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Over 92,000 tech layoffs in just 5 months of 2026: AI replacing jobs faster than expected as Meta, Microsoft, Amazon job cuts trigger fear in US
Tech layoffs 2026: Over 92,000 tech jobs vanished by May 2026, with April seeing the worst layoffs in two years. US tech giants like Meta, Microsoft, and Amazon are cutting staff, citing AI efficiencies and past over-hiring. Despite job cuts, major tech firms are investing heavily in AI, signaling a significant industry shift.
Big Tech pours billions into AI while thousands pack their bags
Big Tech's March quarter 2026 earnings reveal a significant AI-driven transformation, with revenue up across the board. Companies are projecting record capital expenditure on AI infrastructure, exceeding $674 billion for 2026, while simultaneously implementing widespread job cuts. This strategic redirection of savings aims to fuel AI investments and data center expansion.
Roblox, Reddit and Atlassian stock prices and earnings explain market reaction after forecast changes and AI growth signals
Roblox, Reddit and Atlassian stock prices and earnings explain market reaction after forecast changes and AI growth signals. Roblox shares fell after a bookings forecast cut tied to safety changes and competition risks. Reddit shares rose on AI-driven advertising growth and strong revenue outlook. Atlassian raised revenue forecasts after cloud and AI demand increased. Investors now assess user growth, advertising revenue, enterprise demand, and competition risks across these companies.
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.
Snap layoffs: CEO Evan Spiegel cites productivity gains from AI adoption in note to employees
Snap Inc. is laying off 1,000 employees, approximately 16% of its workforce, and eliminating over 300 vacant roles. CEO Evan Spiegel cited the need for cost control and more efficient operations to achieve sustainable, profitable growth. The company aims to reduce its annualised cost base by over $500 million by the second half of 2026, partly driven by AI advancements.
Snap layoff was the 'best thing that has ever happened to me', said ex-employee who lost job 3 years ago. What is he doing now?
Snapchat's parent company, Snap Inc., is laying off approximately 1,000 employees, about 16% of its workforce, to boost efficiency and integrate AI. This move, influenced by activist investor Irenic Capital Management, follows previous workforce reductions.
He was laid off from Snap two years ago. Though sad, he looked forward to new possibilities and more family time. What is he doing now?
The company that operates Snapchat has unveiled another large-scale downsizing move. In an official update, Snap Inc. stated on Wednesday that it intends to reduce nearly 16 percent of its global employee base, affecting close to 1,000 positions. The organization disclosed in a regulatory document that the restructuring will involve substantial costs. It projected that expenses related to severance payouts and other associated charges could fall between $95 million and $130 million.
Snap stock price: Here's why Snap Inc. shares are up today
Snap stock price moved higher after the company announced layoffs affecting about 16% of staff and more than 300 open roles. Snap Inc said artificial intelligence will reduce repetitive work and support smaller teams. The company expects cost savings of more than $500 million by the second half of 2026. Investors reacted to the plan as the company aims to improve profitability and compete with larger tech firms.
Job cuts in U.S.: Massive lay offs underway in Snapchat parent company. Check severance package, which employees are losing jobs right now?
Snapchat, Meta, Nike, Citigroup, Morgan Stanley employees are under the job cuts threat. AI-driven automation is exposing multiple sectors across the U.S.
Snap layoffs: Company may cut up to 1 in 5 jobs; Perplexity integration called off
Snap Inc. is reportedly planning substantial job cuts, potentially impacting 15-20% of its workforce, as reported by Alex Heath. While some teams face significant reductions, the Specs unit, focused on AR smart glasses, is expanding hiring. Meanwhile, a planned $400 million integration with Perplexity AI has reportedly been aborted due to disagreements.
Government shutdown fallout: How your money, social security and investments could take a hit
Government shutdown 2025 impact: America faces its longest government shutdown. Millions are feeling the pinch from missed paychecks and service delays. Essential programs like Social Security and Medicare continue. However, food assistance and student loan support are impacted. Travel disruptions are worsening. The economy faces growing risks as the impasse continues.
Trump axes $300 million aid for low-income seniors — thousands left struggling
The Department of Labor has paused over $300 million in funding for the Senior Community Service Employment Program (SCSEP), putting thousands of low-income seniors at risk. Over 25,000 participants have already been furloughed, while new applicants face delays.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
AI job loss: 40% of roles at risk, experts warn
AI's rapid growth is raising alarms about job loss, with experts warning up to 40% of roles could be affected globally. While fears of displacement are high, particularly in India, some see AI as a tool to improve work efficiency. The challenge lies in adapting to these changes while protecting jobs.
Germany needs 288,000 foreign workers every year until 2040
Germany needs an annual net migration of 288,000 workers until 2040 to counteract the effects of an aging population on its labor force, according to the Bertelsmann Stiftung report. Should domestic workforce participation not increase, the demand could reach 368,000 immigrants per year.
Pinterest earnings miss estimates as weak advertisement revenues weigh
Pinterest said it expected revenue to grow in low-single-digits in the first quarter, compared with estimates of about 7% growth.
Big tech layoffs may further disrupt equity and diversity efforts
Surging firings by technology companies last year are disproportionately affecting women and mid-career talent which may make it more difficult to improve diversity in one of the most sought-after industries, according to data from a research firm.
Startups mushroom from the ashes of Big Tech purge in US
While overall venture capital (VC) financing fell 33% globally to about $483 billion in 2022, early-stage funding was robust, with $37.4 billion raised in so-called angel or seed rounds, in line with the record level seen in 2021.
Union labour ministry summons Amazon over layoffs
The development comes after a complaint filed by the employee union Nascent Information Technology Employees Senate (NITES) in which it has alleged Amazon of violating labour laws.
Amazon follows in Meta’s footsteps, begins mass layoffs: All you need to know
On Tuesday, Amazon notified the regional authorities in California that it would lay off about 260 workers at various facilities employing data scientists, software engineers, and corporate workers
Facebook’s Meta-morphosis & this week's top tech stories
Around this time last year, Facebook – the world’s biggest social media company – decided to change course and rename itself Meta. Twelve months later, its stock is down 75% and spending on the elusive metaverse is in the tens of billions.
First casualty of Chinese invasion! HTC hangs up on India smartphone operations
The premium phonemaker became the first casualty of Chinese invasion of Indian smartphone market.
Academic brawl: Bhagwati-Panagariya pitch for Modi while Amartya Sen backs Nitish
Bhagwati has often invited Sen for an open debate on whether it is growth or investment in human capabilities that will result in development.
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