Muscat: The data analytical company, TradingPlatforms, has highlighted the most heavily impacted regions and companies in the tech industry with layoffs.
Data revealed that tech industry layoffs have now reached 93,038, following California-based social media company Meta’s announcement that it is cutting 8,000 positions as part of an efficiency-led restructuring and increased investment in AI infrastructure.
The layoffs, expected to come into effect on 20 May 2026, bring the company’s total layoff count for the year to 10,400, following earlier targeted cuts in January and March that affected teams in Reality Labs, sales, operations, recruiting, and parts of Facebook’s product organisation.
The company has also frozen 6,000 open roles, signalling a broader slowdown in hiring as it redirects resources towards building AI infrastructure.
This makes Meta the company with the third-highest number of layoffs so far in 2026, behind only Amazon and Oracle.
Amazon recently confirmed a reduction of around 600 employees tied to operational restructuring, including staff in its robotics unit and logistics operations, with additional disruption linked to a temporary warehouse closure in Florida, taking its broader total for the year to 16,600 roles. Oracle remains the tech company with the largest layoff count in the tech sector since January, with an estimated 25,254 layoffs in 2026 as it continues restructuring across cloud, consulting, and regional support divisions.
Meta has become the latest social media company to announce major layoffs in 2026, revealing plans to cut 10% of its workforce, around 8,000 roles, as it shifts resources towards AI infrastructure and efficiency measures. The move adds to a broader trend across social media, which has recorded around 12,100 layoffs since January. Snap Inc. cut 1,000 jobs as part of an AI-led restructuring aimed at improving productivity, while Pinterest reduced its workforce by 677 roles under cost-control measures.
Elon Musk’s platform X also carried out a smaller round of around 20 job cuts tied to operational streamlining. Amazon has recently cut around 600 roles linked to operational restructuring and logistics optimisation, including adjustments in its warehouse and fulfilment network in the US, bringing its total layoffs for 2026 to 16,600.
Amazon is the company with the most layoffs in the e-commerce and marketplaces sector, which has seen 20,169 confirmed layoffs this year. Other major cuts include Ocado, which slashed 1,000 roles in the UK amid automation-led warehouse restructuring, eBay, which cut 800 roles in the US, Flipkart with 500 layoffs in India, and Eventbrite with 500 job reductions in the US linked to restructuring and profitability goals.
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